Award-winning director Bill Still says the fix for our broken economy won’t be found in bailouts or stimulus. “It’s the interest on the national debt that’s killing the economy of every nation on earth,” said Still, who directed the 1995 classic, The MoneyMasters.
“Ending the Fed, won’t fix this,” said Still. “As Prof. Milton Friedman told me,” ‘If you end the Fed and do nothing about fractional reserve lending, you’ve done nothing.’”
NO MORE NATIONAL DEBT
What does that mean? Governments don’t need to borrow their national money into existence. For example, in the UK, although the Bank of England was nationalized in 1945, still the commercial banks create 97% of the national money – all as loans. In other words, unelectable bankers control the quantity of the national money. That’s our problem today. We don’t just print our money. We borrow every dollar we have in our economy – mostly from big banks — then pay interest on it. That’s what the National Debt is. We actually rent our money. In FY 2010, the interest on the U.S. National Debt could exceed $700 Billion. In FY 2011, that could exceed $1 Trillion. A sovereign government can and should create its money debt free. That’s the secret of Oz.
This is nothing new. Ben Franklin did it, Thomas Jefferson wanted to do it. Abraham Lincoln did it to win the Civil War. The power to create money is the greatest governmental power. We gave that power to bankers with the Federal Reserve Act in 1913. Now our money is totally out of control. We need to take back the money power and strictly limit its quantity by ending federal borrowing before the interest on the debt implodes the U.S. economy.
This solution is hidden in the most beloved children’s story of all time, “The Wonderful Wizard of Oz”. Titled The Secret of Oz, the film features appearances by Peter Schiff, Joseph Farah, Professor Michael Hudson and authors Ellen Brown and Byron Dale.
The film won Best Documentary of 2010 at the Beloit International Film Festival; the Silver Sierra award at the Yosemite Film Festival, the Award of Merit at The Accolade Competition in La Jolla, California, and the Silver Screen Award at the Nevada Film Festival.
Featuring: James Robertson (UK), Peter Schiff, Ellen Brown, Byron Dale, Prof. Michael Hudson
Director: Bill Still
Format: Dolby, Color, Widescreen
Region: All Regions
Number of discs: 1
Rated: G (General Audience)
Run Time: 101 minutes