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31 of 31 people found the following review helpful:
5.0 out of 5 stars
I might be biased too, February 6, 2009
This review is from: Dishonest Money: Financing the Road to Ruin (Second Edition - 2009) (Paperback)
My husband and I are lucky to know the author of this book. He happens to be my son. He began warning us to get my husband's retirement money out of the stock market in 2007 and by early 2008 he was no longer recommending that we do so, he was telling us to.
I read an early version of "Dishonest Money" and, trusting the information and warnings, convinced my husband to get his money out. But then our local banker, behind my back, talked my husband into putting the funds back in. This banker said that it was crazy to just leave "so much money sitting idle and earning nothing." To be safe, the banker put all of the money (about $55,000) into a "strong company that has been around forever and is solid as a rock."
By some miracle I found out that this had happened. I had a fit and, long story short, the money was taken back out. About two months later that "solid company" (AIG) evaporated. ...And with it would have gone nearly every penny of my husband's savings.
It is terrible that so many people lost everything because they didn't get the warning that my husband and I got. It is unbelievable that I lived for 60 years without ever understanding what a rotten and dishonest system these crooks have given us. Dishonest Money explains this "system" in terms anyone can understand. If enough of us understand it, we can demand something better. Most important, we can prevent them from ever doing this to us again.
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20 of 20 people found the following review helpful:
5.0 out of 5 stars
I may be biased, but....., February 6, 2009
This review is from: Dishonest Money: Financing the Road to Ruin (Second Edition - 2009) (Paperback)
I've been married to the author for over 10 years. If you're afraid this will automatically make my review biased, hold that thought for just a minute. It might make me biased toward him, but it certainly doesn't make me biased toward the topics covered in this book. What I've learned over the past 10 years is that my husband is deeply interested in things that I am not the least bit interested in. Another thing I'm sure of is that it is him, not me, who is odd. I've never met anyone so passionate about learning things that most people couldn't be paid to study.
The "monetary system" is a perfect example. The words themselves (monetary system) make me cringe. "Monetary system" sounds like something I was forced to learn about in college and something I'd forget as soon as possible. How often in normal conversation does somebody say those words? Not very often. But now, I finally know why this is more than a shame - it is dangerous. I finally understand my husband's intense frustration at trying to raise awareness about this and other topics that relate to it. ...I get it.
After reading "Dishonest Money" I feel empowered. I feel like I understand something I was never supposed to understand. I see how our country and the world was deceived into accepting the worst form of money that has ever existed and how this "dishonest money system" gives nearly absolute power to the criminals who created it. I'd recommend this book regardless of who wrote it - I don't believe I would have ever taken the time to "figure this stuff out" on my own. -Exactly how those who are exploiting us would have it.
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16 of 16 people found the following review helpful:
4.0 out of 5 stars
Everything you need to know about the Fed in under 200 pages, February 6, 2009
This review is from: Dishonest Money: Financing the Road to Ruin (Second Edition - 2009) (Paperback)
With Dishonest Money, Joe Plummer has condensed the seemingly long and complex problems of the Federal Reserve into an interesting, easy to understand, and compact book that can be read in just a few hours.
Do you think the financial crisis of September '08 was the first time there were calls for major bailouts? Learn about propping up the Savings and Loan crisis in the 1980's which led to disaster down the road. Think the big, bad CEO's of the private financial sector like Bernie Madoff are the only ones out there cooking the books? Learn about the despicable accounting tactics used by the US government when bailing out Mexico. Think a lack of financial regulation is what caused the financial crisis of '08? Learn how banks, S&L's, and other regulated industries make large campaign contributions and effectively write the regulatory laws. Talk about the foxes guarding the henhouse... Most importantly, learn how whenever the Fed takes actions 'for the good of the public', it's never the taxpayer that benefits, but rather the giants of the financial industry who no doubt have ties to the Fed and its policies.
If you're new and/or skeptical to the problems of the Federal Reserve, Dishonest Money at the very least will make you question whether or not the existence of the Fed is beneficial to you and our economy. Maybe then you'll be warmed up and ready to take on G. Edward Griffin's extensively researched and well cited masterpiece - The Creature from Jekyll Island.
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