Customer Reviews

The Secret World of Money

5 star:		(4)
4 star:		(2)
3 star:		(1)
2 star:		(0)
1 star:		(1)

 

 

This comprehensive work by Andrew Gause really opened my eyes to the machinations of the system of banking that is destroying this country. The fact that our Government is paying billions of dollars in interest to a deceptively named private bank which holds the rights to creating our national currency is utterly shocking. Gause also points out the dangers of a currency that is created at the whim of an institution that is unaccountable for it's actions. Every American who is concerned with our future should read this book.

Mr.Gause gives the novice and the expert an informative tour of the seldom exposed, true nature of the fractional reserve banking mechanism, which IS the root cause of the financial debacle we, as a nation now face in the coming few years. His revelation of the un-avoidable , immenant inflationary cycle that must come to pass, and the prudent wealth preservation stategy he advises one take,gives the reader an opportunty to explore an alternative investment plan that one may not ever have considered.

The book is full of very informative and elusive information about how our monetary system works behind the scenes. The author has taken great pains to explain and in some cases prove his points, and reveals some really scarry information. It's question and answer style was a little hard to take at first, but it's not written for it's style, but it's content. I would give it a 5 if it weren't for it's style. It's not an entertaining book, but the information it gives-- is.

The book uses a question and answer method of writing which makes for a quick read. The questions catch your attention which make you want to read the answers.

I learned a lot about money, the Federal Reserve and questions I would not have known to ask.

The book could be improved on, in my opinion, by including some other authorities comments on the answers to the questions

The genious of the book is its simplicity. It is written with the beginner in mind, with facts and other tillilating information broken down and explained in elementary stages. In question and answer form this is an easy read and an easy reference book. It is good reading for those interested the inner workings of our monetary systems.

The Secret World of Money by Andrew Gause SDL PressReviewed by Joe Fuhrig Chief Economist, Michael H. Clement CorporationThe Secret World of Money by Andrew Gause comes prepared to instruct the reader and to tackle the tough issues of modern finance. This comprehensive work on money, banking and credit creation takes on fiat money, central banks, and the IMF. This worthy attempt to expose institutional causes of macroeconomic instability utilizes historical fact, theory and contemporary empirical evidence to build a case for an impending economic Armageddon.The serious reader, accustomed to discourse in modern world finance, will come away unconvinced and, in the final analysis, not impressed. It is not that Gauss does not summon a significant amount of historical fact for his ultimate arguments, but that some of his history is plainly incorrect, and that some of his conclusions do not connect with his historical narrative.His misunderstanding of the Jacksonian Revolution in American banking and finance leads the reader to believe that the author needs a refresher course in the fundamentals of money and banking. The genius of the Jacksonian Revolution in the U.S. circa 1835 to 1860 was to free banking from the perverse signals of State entry restrictions, abolish the Second Bank of the United States, and to subject the nation's currency system (comprised of competitive private bank notes) to the healthy incentives of a competitive market order. Gauss misses this significant point by arguing that this period was evidence of proper government interference in money and banking replacing improper interference.The well known Austrian notion that money is an emergent result of spontaneous market forces fully capable of producing a system which correctly prices time and risk is sadly absent from the author¹s analysis. His suspicion of modern institutions such as the Federal Reserve and the IMF, while well intended, gets confused by a suspicion of the people, motives, and collective interests which, to Gause, forms the outline of a massive world conspiracy. This conspiracy seems intent to bring ruin to the modern world economic order, which they themselves have created, by a regime of unbacked paper currency, hyperinflation and massive government debt. There is no notion presented here that modern social democracies might prove to be incentive incompatible.The simplistic analysis leads to a simplistic solution. We should distrust the current global system of banking and finance and invest in precious metals. We must prepare for a system programmed to implode by investing in coins. When H. Ross Perot was spreading his own version of deficit panic, one presumes that he must have used Gauss as a reference.There are genuine reasons to be suspicious of modern and historical intrusions by government into money and banking. The less government we have in world financial matters, the better. But one need look no further than the works of Murray Rothbard to find a more informed and articulate presentation of the warnings.

An excellent book written in a question and answer format. I would recommend this for anyone who wants to understand the Fed and our money supply. Also read in conjuction with The Creature from Jekyll Island.

This details how without checks and balances, Congress, the Treasury and the Fed (Federal Reserve Bank) have acted like a teenager with an open credit card by borrowing against our future with interest. True and scary how precarious a position we are now within.