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The paper aristocracy Paperback – 1976


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Product Details

  • Paperback: 136 pages
  • Publisher: Books in Focus (1976)
  • Language: English
  • ISBN-10: 0916728005
  • ISBN-13: 978-0916728007
  • Product Dimensions: 8 x 5.5 x 0.6 inches
  • Shipping Weight: 3.2 ounces
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #280,538 in Books (See Top 100 in Books)

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13 of 13 people found the following review helpful By A Customer on December 25, 2003
Format: Paperback
What this book does is simply, clearly, eloquently and accurately describe what happens to any national currency that is not based on a full-reserve standard. In so doing it also describes what happens to a society that is held hostage by the ensuing fractional-reserve "money".
The book was written in 1976. So much of its prophecy has come to pass in a quarter-century that there is no doubting Mr. Katz's dead-on accuracy. When his modest work was published there was no crack-cocaine epidemic. Violent crime was only beginning to escalate beyond prior statistical levels. There were no Junk Bond Kings. Leveraged corporate buy-outs and hostile takeovers had not yet made billionaires of the new "owners" while throwing millions of hard working trades-people out of work. There was no National Health Care Plan hovering benignly nearby. Panama, Desert Storm, Somalia, 9/11, Afghanistan and Desert Shield (to name a few) hadn't occurred. "Electronic cash" was an Orwellian concept. The Homeless had not yet appeared en masse. You could purchase a new car for less than three thousand dollars. And Social Security benefits alone provided a modest but adequate allowance for the majority of retirees.
"The Paper Aristocracy" explains in structured, unemotional content the real reasons why these and many other things have come about or changed for the worse. Mr. Katz should be required reading at every business school on every university campus in America. Perhaps the danger in that explains why this book is so very hard to obtain.
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1 of 1 people found the following review helpful By Bruce on May 10, 2013
Format: Paperback Verified Purchase
This was recommended to me by my Tax Attorney/ CPA. He said he never had understood the way the monetary system oif the world was run until he read this book. It is shocking within the first chapter. It actually names who really runs money and predicts, in 1974 the mess we are in and when it started!
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3 of 4 people found the following review helpful By Thomas Ross on February 15, 2009
Format: Hardcover Verified Purchase
This is an excellent and timely book about how an elite sect in our society, those that that can conterfeit money and get away with it, are manipulating our economy. A fresh and insightful perspective. It should be widely read.
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Format: Paperback Verified Purchase
The Late Howard Katz was a long-time financial commentator and monetary conspiracy theorist. Put simply, Katz believed that a wealthy elite few had managed to co-opt the US Financial system so that it would automatically provide largesse to financial manipulators at the expense of the uninformed masses. The class of people who made their living off of paper money and financial instruments Katz dubbed "The Paper Aristocracy". This was because their wealth relied upon the existence of central banking, paper money and other financial paper (like all those mortgage backed bonds that sunk the markets in 2008). Given what we have lately learned about our central bank, the Federal Reserve, being a private entity with secret owners, perhaps Katz was on to something. Hardly an academic treatise, this is still an engaging book for people who enjoy reading about money and banking.
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