I believe this book should be mandatory reading for all elected officials or anyone who is concerned about their country or their financial future. This book is educational and tells you things about money and banking you may not have heard before. It is told with illustrations that are easy to follow but for those who have never been exposed to basic principals of money, some sections may require a second reading. But read it you should.
Anyone can take control of their financial environment by learning how banks work and duplicating the process in their own lives. With a pool of money they control and therefore earn what the banks have been making off of them all their lives.
As much as this book can be a self help in getting out of the money rat race, it's also provides a solution to the problems our country faces. Lara and Murphy have done a great job in simplifying where this mess in the United States came from. That's why I think ALL elected officials should be required to read it. Many of them make decisions affecting our economy (either locally or nationally) yet have no basic understanding of common sense economic principals.
After reading this book many will ask themselves "With banking being so profitable how on earth did so many of them screw it up so badly?"
How Privatized Banking Really Works is a great book and is written so anyone can understand. Don't let the title fool you; it is not an overly academic book. Great read with a lot of great information. Everyone should read it.
This is a great book ! It is very easy to read and full of great information.
If you are at all curious about what money really is, and how it came about, you will find your answer here. You will finally understand what the gold standard means, and how the value of the US dollar has lost its value since the US came off the gold standard. You will see what Ron Paul has been talking about for years about the Federal Reserve. And, you will learn of a practical solution to some of this mess which may be right for you.
The authors write in a way that all can understand and encourage and direct you to other sources should you want more study on the topics.
If you have a life insurance license you must read this book.
If you are looking for an alternative view on safely investing your money you should read this book.
This not risky or exciting and simply recaptures interest you would pay anyway back into your pocket. If you take the concept further you can start to become the bank for others. For example a group of dentists used this concept to select a dentist each year graduating from dental school and financed the set up of the practice.
Also check out Nelson Nash "Be Your Own Banker" for the cliff notes version of this concept.
I would definitely not waste my time with this book again. It may be suitable for a first glimpse into banking and Austrian theories but for those who had read anything on the subject before this it does not give any new perspective. It basically just quotes other authors, so why not just read them? Skip this for Nelson Nash, G. Edward Griffin, Mises, Rothbard etc. No original thoughts were in this book.
Wow... I had no idea how our banking system worked prior to reading this book. This book does a very good job of explaining it. It was an eye opening read. I now see why the banks are in terrible financial shape today