Trillions to the 99%: Ellen Brown explains monetary and credit reformCarl Herman, Contributor The 99% must achieve factual command of the basic facts how money and credit are created, or else continue their debt-damned existence under an oligarchic and Robber Baron-era structure. Monetary and credit reform can be understood with three simple areas of facts that are taught in basic economics and easily verified: Obviously, monetary and credit reform benefits 100% of humanity because it guarantees full employment, optimal infrastructure, and no government debt/interest cost. The current parasitic system benefits a 1% banking oligarchy that causes cyclical unemployment and poverty, decays infrastructure (especially as debt and interest costs accelerate as they do today), and damns the 99% to permanent and escalating debt. Americans cannot be responsible citizens without understanding this fundamental structure of money. Ellen Brown is probably the worlds leading writer to explain monetary and credit reform. Her articles are here; her work initiated the Public Banking Institute for 17 states at various stages for credit reform. Carl Herman is a National Board Certified Teacher in economics, government, and history. His hobby is research, education, and lobbying for improved public policy. He can be reached at Carl_Herman@post.harvard.edu linkwithin_text=Related Articles: 