Brown Web of Debt The Shocking Truth about our Money System (3rd ed)

Index

Johnson, Chalmers 250, 252 Johnson, Lyndon 205 Juilliard v. Greenman 95

K

Kennedy, John F. 204, 266

Kerensky, Alexander 226

Keynes, John Maynard 99, 152, 153, 154, 156, 207, 427

Keynesian economic theory 153 King Charles I 67

King Charles II 67

King George II 40 King George III 40, 47 King Henry I 61 King Henry VIII 66 King James II 65

King William III 66, 67, 69 Kirby, Rob 306, 369, 370 Kirchner, Nestor 245 Kissinger, Henry 210, 217, 309 Knox, Philander 137, 138 Knox v. Lee 95

Komp, Lothar 304

Krugman, Paul 281

Kucinich, Dennis 432

Kuhn, Loeb & Co. 120, 123, 226 Kuttner, Robert 473

L

land banks 38, 48, 414 Langrick, Roger 408, 434 LaRouche, Lyndon 193, 445 Law, John 71, 72

Lee, Barbara 432 legal tender 36, 369

Legal Tender Acts 87, 88, 95 LETS (Local Exchange Trading

System) 351-53, 403, 406 Leverage 191

Lewis, Dave 331, 421

Liberty Dollar 343, 344 Lietaer, Bernard 31, 57, 211, 350,

351, 444

Lincoln, Abraham 8, 14, 79, 82, 83, 87-89, 91-93, 96, 103, 258

Lindbergh, Charles, Sr., 107, 124, 126, 139

Linton, Michael 351, 403

Littlefield, Henry 11, 17

Liu, Henry C. K. 2, 212, 216, 220 236, 247, 259, 261, 263, 310, 327

local currencies 347-349, 350, 355 Local Exchange Trading System

(LETS) 351

London Global Table 432

Long Term Capital Management (LTCM) 304, 318, 325, 468

Lord, Eleazar 101, 203 LTCM 304

Lub, Sergio 352

M

M3 26, 33, 154, 164, 295, 305, 306, 308, 324, 340, 360, 370, 375, 376, 388, 426

cessation of reporting of 305 growth in, 307

Madison, James 77

Mahathir, Mohamad 254, 255, 446, 447

Mahoney, Martin 29

Makow, Henry 236 Malaysia 254 Mandarin China 61 Mandell, Betty Reid 415

manipulation of markets 180, 188, 189, 193, 208, 246, 320, 381, 405, 454, 458, 459

margin, trading on 191 Mark, Christopher 6

“market basket” standard for valuing currencies 443

market maker 185, 186 market manipulation 453 Martin, Al 273, 295, 309, 368 Marxist theory 225, 230 Massachusetts, colony of 36

526

Web of Debt

MasterCard 128, 284, 422 Mather, Cotton 37 Matlack, Carol 470 MBIA 474-75

MBS. See mortgage-backed securities. McFadden, Louis 155, 158-160 McKinley, William 16, 19, 112

Meiji Revolution of 1868 249 Merrill Lynch 475, 477-78 Mexico 215-220

bailout of 1994 218 peso devaluation 218 Middle Ages 59, 60, 62, 63

Milosevic, Slobodan 242 Minnesota bridge collapse 469 Mississippi bubble 72

MITI (Japanese Ministry of International Trade and Industry) 250

“Modern Money Mechanics” 26 171, 283

monetary reform 20, 394, 446 monetization of debt 307, 369, 454 money center banks 329

money supply 25, 405, 426 monoline insurers 474 moral hazard 316, 320, 456

Morgan, J. P. 15, 18, 24, 118-122, 422 Morgan, House of 7, 119, 120 mortgage debt 107, 286

mortgage defaults 295, 298 mortgage-backed securities (MBS)

288, 295, 297, 326, 399, 429 Mozilo, Angelo 472

Murphy, Bill 313

N

NAFTA 217, 218

national banking. See banking. National Banking Act of 1863-64 93 national credit

86, 221, 258, 263, 357 national debt. See federal debt. National Dividend 249, 428, 433

National Economic Stabilization and Recovery Act (NESARA) 365

National Republican Party 83, 86 negative trade balance 210, 257 Neoconervatives 228

NESARA. See National Economic Stabilization and Recovery Act.

“New Currency” 444 New Deal 85

New England colonies 39

New World Order 129, 272, 273 New Zealand Democratic Party for

Social Credit 432

Nixon, President 203, 206, 208 Noninterest-Bearing Bonds Bill 110 NORFED (National Organization for

the Repeal of the Federal Reserve Act and the Internal Revenue Code) 343, 344

Norman, Montagu 142 North, Gary 289 Northern Rock 467-78 Novak, Gary 194, 303

NWO (New World Order) 272, 273, 317, 430, 461

O

Olender, Sean 475-76

One Hundred Percent Reserve Solution 396-399, 403, 405

OPEC (Organization of the Petroleum Exporting Countries) 210, 266

open market operations 458 Operation Northwoods 205

Opium Wars 18, 223, 247, 249, 257

P

Paine, Thomas 43, 225

Palast, Greg 270

Panic of 1907 124

Parker, David 337

Parliament, British 67, 70

527

Index

Parrington, Vernon

49, 85, 97, 102, 357 Paterson, William 68, 71

Patman, Wright 24-26, 32, 111, 116, 120, 156, 161, 162, 164, 168

Patriot Act 309 Paul, Ron 344, 468

Paulson, Henry 308, 315, 318, 47576

payday loans 282

pegging of currencies. See currency exchange rates.

Price Index, Consumer 444 Pennsylvania, colonial, money

system 39, 411, 413, 430 People’s Bank of China 258 Peron, Juan 243

Petras, James 104 petrodollars 213

Philadelphia Centennial of 1876 224, 258

Pilger, John 368

Plunge Protection Team (PPT)

312, 314-17, 320, 388, 453, 465, 468, 470

Ponzi scheme 72, 220, 327, 330 populism 103

Populist Party 111

Populists 7, 11, 15, 16, 95, 109, 460 Powell, Chris 469

PPT. See Plunge Protection Team. privatization 229, 268, 415

Q

Quantity Theory of Money 98, 262

Queen Elizabeth I 66

Queen Mary 66

Quigley, Carroll 1, 2, 143, 200

R

Rabushka, Alvin 38 Ralter, Peter 468

“real bills,” Real Bills Doctrine 364, 365, 413, 433

Real Estate Mortgage Investment

Conduit (REMIC) 296 reflation 385 Renaissance 62

repurchase agreement (repo) 315 reserve currency, dollar as 213 Resumption Act of 1875 96 Robber Barons 25, 117, 118, 120

128, 130, 131, 142, 338, 418, 422 Robertson, James 395

Rockefeller, John D. 18, 25, 117-122 207, 422

Rockefeller, David 129, 207, 321 Rockoff , Hugh 11

Roosevelt, Franklin D. 20, 116, 151, 152, 154-160

Roosevelt, Teddy 112, 113, 116, Rothbard, Murray 7, 112, 419 Rothschild, Amschel 77 Rothschild, House of 76, 77, 91, 93,

120

Rothschild, Nathan 65, 77 Rowbotham, Michael 20, 197, 210,

437, 442, 445 Roy, Arundhati 108

Rubin, Robert 218, 315 Ruble 239, 240

Russell, Richard 341, 383, 417 Russia 224-231, 239, 240, 242, 325

Russian Revolution 226 ruble, collapse of 240

S

Salomon Brothers 331 savings and loan association,

collapse of 289, 325, 331 Schacht, Hjalmar 237

Schicht 1, 129, 188, 207, 321, 418 Schiff, Jacob 120, 226

scrip, colonial 38, 40, 41, 43, 48, 49, SDRs. See Special Drawing Rights. Securities Act of 1933 159, 184, 188 Shays Rebellion 49, 360

Sherman Act 118

528

Web of Debt

Shiva, Vendana 271

shock therapy 229, 240, 278 short selling 183-189

naked short selling 184-188, 330 silver certificates, U.S. Treasury 205 Silverites 15, 112

Simons, Henry 396

Sinclair, Jim 317, 471

Single Currency Solution 439 Sixteenth Amendment 134, 136-

138, 453, 459 slavery 92

Small Business Administration (SBA) 414

Smith, Adam 51, 115, 364 Social Security crisis 377 Societe Generale 470 Soddy, Frederick 396 Soros, George 196 sovereign credit 221, 263 Sovereignty Loans 432

Special Drawing Rights (SDRs) 207, 440, 461

speculation in currencies 220 colonial 44, 49

Sperry, Paul 23

spider webbing 1, 129, 188 stagflation 293

Stamp, Josiah 2

Standard Oil 18, 119, 121

Stephanopoulos, George 313 Stiglitz, Joseph 255

Still, Bill 60, 65

stock market 311, 380 stock market crash 141, 143

structural adjustment 229, 267 subprime debt 32, 177, 178, 282, 289,

290, 299, 323, 397, 429, 475 Sumer, ancient 58

Sun Yat-Sen 257, 260 Sweden 411, 414

T

Taft, William Howard 125, 138 tally system 61, 63, 69, 73, 363 tax 38, 41, 262, 408, 425, 451, 459 on derivatives 422-425, 430

on income, see federal income tax Tequila Trap 215, 216, 218, 220, 221,

241, 247 Tesla, Nikola 122 London Global 432

theosophical movement 16, 109 Third World debt 200, 212, 213, 311

435

elimination of 436, 446 Thorn, Victor 6

Tobin tax 423 Towers, Graham 5

trade deficit 208, 214, 234, 278, 387, 438, 447

Treaty of Versailles 233, 237

Trilateral Commission 129 Trotsky, Leon 228

trusts 113, 118, 121

U

U.S. Postal Savings System 401, 414 U.S. Steel 118

Ukraine 242 unemployment statistics 427 UNICEF 268

United States Bank, First 53, 75, 76 United States Bank, Second 77, 81 United States Notes 85, 205 usury 31, 41, 59, 62, 73, 354 usury banks 73

V

Venezuela 370

Vietnam, real estate market 359 Visa 128, 284, 422

Volcker , Paul 213, 420

529

Index

Voorhis, Jerry 164, 168, 169, 396 "vulture capitalism" 455 vulture funds 246

W

Walker, David M. 34, 277, 367 Wall Street 7, 15-19, 73, 93, 104, 119,

122, 159, 204, 424 Wallenstein, Alex 321 Wanniski, Jude 218, 228, 229 War of 1812 77

Weimar Republic 237 Wells Fargo Bank 477-78

Weisbrot, Mark 229, 245, 252 Weiss, Martin 301, 421 Whalen, Chris 471

Whigs 83

White, Harry Dexter 207 Whitney, Mike 278, 290, 368, 456,

472, 478

Wiggin, Addison 321

Williams, John 426 Wilson, Woodrow 125

Working Group on Financial Markets 312, 314

World Bank

129, 207, 210, 212, 271, 437 World Constitution and Parliament

Association 440

World Trade Center 119, 205 World Trade Organization (WTO)

209, 267, 270-72 World War II 207

Z

Zarlenga, Stephen 42, 44, 53, 61, 66,

88, 89, 94, 235, 237, 355, 358, 373,

396, 397

Ziaukas, Tim 11, 17

Zimbabwe 246

Zinn, Howard 108, 130

Y

Yugoslavia 241, 242

Yunus, Mohammad 413

530