Excellent book! It just goes to show why it’s a bad idea to be emotionally invested in money. Money is a tool to create wars. Fiat is created out to thin air. The International Monetary Fund, the Federal Reserve, and even the UN are all agencies seeing to bring socialist one world government and financial demise of the world. They bail out third world countries and encourage communist regimes, hoping these economies will be much more in debt and enslaved by their nepotism. They do it so subtly, it’s all a game played by them. This book gives great detail and explains very clearly how this has come to be.
It discusses the intricacies of present day fiat system - and how the federal reserve creates money out of thin air to lend to institutions. It is not so much a “reserve” of money but an independently run cartel (founded to eliminate competition & swallow smaller banks) that operates for profit rather than serving the greater needs of the economy and the people. The middle class have repeatedly been thrown under the bus and the rich keep getting richer under such a system.
Money is just a store of value but to a “poor” mind (financially uneducated), it can be a very emotional thing that they work hard to accumulate. For the federal reserve, it’s their super power that they can legally create money from nothing and charge interest on money that didn’t even exist in the first place. They’re simply flooding the system and own everybody with their fake money. Who pays when the government spends money & bails out companies in an altruistic fashion? Where does the money go? Who pockets it?
Money is an emotional trap for the financially uneducated. I think this book has helped me see how money is created and how the scales are tipped in the fed’s favor & not in ours. The federal government spends money so recklessly that it’s operating at a deficit and when it needs money it goes to the Fed without asking the public. The fed prints more money to pay the corrupt individuals who purposefully bankrupt their companies (and get the government to co-sign those loans) and pocket the extra $$ in terms of bonuses, dividends and salaries, and the rich still keep getting richer. When the government gets bailed out, the Feds pump more money into the system which leads to inflation. All this is irresponsible and reckless but done in the name of jobs and helping the public. The government is inefficient and a scapegoat run by politicians who twiddle their thumbs and knowingly bail out corrupt companies, and banks which operate just so they can make high risk loans. The public is distracted by FUD (fear, uncertainty and doubt) and expects handouts. I see money differently now that I know what to expect & why saving without appropriately investing the money to create Cashflow isn’t exactly helpful as it means next to nothing (you’ll stay poor if you continue to save). The book discusses how banks are pushed to legally commit S&L (savings and loans) fraud. Ultimately, the information contained within has helped me reflect on capitalism, the philosophy of Ayn Rand and how the global economy is on the brink of collapse because of present day fiat system and the federal reserve cartel.
It’s a heavy book with a lot of content but it’s been written in such a way that you can pick which parts you want to read, and details can be skipped & you can read the chapter summaries. I’ve read the book until chapter 4, and I’m reading and making notes. Its an excellent book & I recommend every curious individual to read it. It’s opened my eyes to the idea of money, its declining value, and it’s lack of safety from external factors like Fed-created inflation and eventual economic collapse. This book was recommended by R Kiyosaki in Cashflow Quadrant & I decided to read it along with a list of other books that he recommended. I’m glad I did.
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By making it appear to be a problem of the national economy rather than of private banking practice, the door then could be opened for the use of tax money rather than their own funds for paying off the losses.Highlighted by 894 Kindle readers- This demand of money by other banks rather than by depositors is called a currency drain.Highlighted by 714 Kindle readers
- The game begins when the Federal Reserve System allows commercial banks to create checkbook money out of nothing.Highlighted by 513 Kindle readers
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Why is the world so torn apart? Read this book to find that out.
The Wikipedia page for G Edward Griffin states that he is a conspiracy theorist. There are only two possibilities for why this is:1) Whoever edited his page simply did not look into the information he discusses in his book.2) Whoever edited his page is part of a campaign to keep this information from the people of the world & to keep them perpetually confused.If you have ever wondered why year after year, we as the public keep getting promises from every direction (doesn't matter which political party you adhere to) that things are going to start getting better, but only the opposite ever happens, then you absolutely owe it to yourself to read this book.This book is 100% MANDATORY if you are a truth seeker who is sick and tired of all the confusion about you in the world.BUT be prepared.As Morpheus says to Neo in The Matrix:"I never told you it would be easy, I only told you it would be THE TRUTH."This information is a starting point. "Step #1" if you will. Lifting the veil of confusion is step 1 before we can ever hope to get to step 2, which is to organize some type of plan for fixing our present and future world.I don't know how we're going to fix this, but first you have to know what "this" is.Be brave. Be open & receptive.Start here.
Top reviews from other countries
This is a Must Read
The Must Read book for those who would like to know about the crimes of the banking system
Reviewed in Germany on October 13, 2023Massimo Mazzucco
La "creatura" di Jeckyll Island
Reviewed in Italy on February 4, 2023
JOSE MARÍA
Imprescindible para descubrir que somos víctimas de la élite globalista.
Reviewed in Spain on January 8, 2021