The Secret of Oz with Bill Still

“The Secret of Oz“ is a thought-provoking documentary film released in 2009, directed by Bill Still. The film delves into the financial nuances of the American monetary system, exploring the historical context and potential solutions to the economic challenges faced by the country. The documentary takes inspiration from L. Frank Baum's classic novel, “The Wonderful Wizard of Oz,“ and uses its characters and symbolism as metaphors to analyze the monetary system of the United States. It presents a compelling argument that the story of Dorothy's journey to the Emerald City holds hidden messages about the monetary system and the struggle for economic justice. The film begins by providing a historical overview of the American monetary system, focusing on the late 19th century and the early 20th century. It reveals how the financial system was influenced by powerful banking interests, particularly those associated with the establishment of the Federal Reserve System in 1913. The film argues that this central banking system has perpetuated a debt-based monetary system that favors the wealthy elite and leaves the rest of the population vulnerable to economic instability. One of the key financial nuances explored in the film is the use of gold and silver as a basis for currency. The film argues that the transition from a bimetallic monetary system to a gold standard in the late 19th century had profound implications for the economy. It suggests that the abandonment of silver as a form of currency deprived the American people of a more stable and accessible monetary system. “The Secret of Oz“ also highlights the power of debt and interest in shaping the economic landscape. The film emphasizes that the creation of money as debt, through the fractional reserve banking system, ultimately benefits the financial elite while burdening the general public with increasing levels of debt. It argues that this system perpetuates a cycle of economic inequality and instability. Throughout the documentary, various experts and historians provide insights into the financial nuances presented. They discuss alternative monetary systems, such as the implementation of a debt-free currency, and advocate for a more equitable distribution of wealth. In summary, “The Secret of Oz“ is an engaging documentary that explores the financial nuances of the American monetary system. It uses the characters and symbolism from “The Wonderful Wizard of Oz“ to shed light on the historical context and challenges faced by the country's economy. The film raises important questions about the influence of banking interests, the role of gold and silver in currency, and the impact of debt and interest on the economy. Ultimately, it encourages viewers to reconsider the current monetary system and seek alternatives that promote economic justice and stability.