8 of 8 people found the following review helpful:
5.0 out of 5 stars
Finally, truthful explanation of our monetary system!, May 20, 1998
In simple, yet concise narrative, the authors explore the much mis-understood monetary system: why interest rates must rise and fall, and how that controls our economy... how money is created, and destroyed, and why... why we needn't have a national debt... how compound interest works... how we can still rescue our failing monetary system. Did you know that The Federal Reserve Banks are NOT Federal Property, but PRIVATELY OWNED banks? Do everyone a favor... buy an extra copy of this book, and donate it to your local library.
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6 of 6 people found the following review helpful:
5.0 out of 5 stars
The Truth In Money; 4th ed., November 2, 2002
Recent MBA graduate from Xavier with whom I work read this during his studies then recommended it to me. Upon finishing the book readers will posess a thorough knowlege of: the US monetary system; the mechanics of our money system; the extent to which our money system controls our lives; the inherent problems with our money system; and the solutions that would dramatically improve life for every American.
Best of all: the book is exceptionally easy to read, written in a narritive format with effective examples that make our seemingly convoluted money system seem down-right intuitive.
BUY IT, READ IT, PASS IT ALONG.
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5 of 5 people found the following review helpful:
4.0 out of 5 stars
The Real Story of "Money" in the USA., May 17, 2010
This review is from: The Truth in Money Book (Paperback)
My review (Amazon.com) of a classic book, "The Truth in Money Book."
This is a gem of a book. It is written in a simple dialog form, which I found welcome in the treatment of a rather complex subject. In 1913, the Federal Reserve System was foisted upon us, as a substitute for a national bank, which many Americans (including American presidents Jefferson and Jackson) fiercely resisted. This system is based on money as debt, not commodities, not anything of substance, and is set up in such a way so as to guarantee a steady concentration of wealth in certain hands, and the steady impoverishment of America.
Under this system, the U.S. Treasury actually borrows money from the Fed, which then credits this money (from created from"thin air") to an account, and charges interest upon it. And, the commercial banks connected with the System constantly create more of this "funny money" every time, they provide a loan. One aspect of this lunacy, is that there is never enough money "in the system" to pay off all the loans and interest, so someone is always losing... slipping into bankruptcy. Even those not quite at that point...many of us...all too often feel that we are "treading water." So many, in recent years have lost their jobs and homes, or are working at a low-pay "service vector" job, it isn't funny. Of course, much of this is directly related to corruption during the last three presidential administrations.
Though not specifically mentioned in this book,* I will add that some very strange policies and behavior of the Fed frequently lead to panics, crashes and inflation, which truly do benefit SOMEONE, but not you and me. This is like the biggest Ponzi scheme in history...and along with things as the recent bank bail-out, and the damn NAFTA and CAFTA treaties (and lunatic and illegal wars overseas), have meant that American is rapidly going down the tubes.
This book is a "must-have." See if you can find a copy at a reasonable price, perhaps at your "American Opinion" bookstore, which is where I got mine some years ago.
For more on the "Fed," please see another classic, "The Secrets of the Federal Reserve," by Mullins. Pure gold. Lots of disinformation "out there," but not in these two books.
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