What the average person does not know about the directors of our monetary policy, the Federal Reserve, is the fact that there is absolutely nothing "Federal" about the Federal Reserve System, and neither does it have any "Reserves." In his astonishing new book, "Thieves in the Temple: America under the Federal Reserve System," Andre Eggelletion reveals facts about how the American economy operates that every American deserves to know. He establishes a historical perspective, by discussing the definitions and functions of money, and how the idea of a central banking system evolved through American history.
The Monetary Policy of the Federal Reserve details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the context of the intellectual and political environment of the time. By understanding the fitful process of replacing a gold standard with a paper money standard, the conduct of monetary policy becomes a series of experiments useful for understanding the fundamental issues concerning money and prices. How did the recurrent monetary instability of the 20th century relate to the economic instability and to the associated political and social turbulence? After the detour in policy represented by FOMC chairmen Arthur Burns and G. William Miller, Paul Volcker and Alan Greenspan established the monetary standard originally foreshadowed by William McChesney Martin, who became chairman in 1951. Monetary Policy explains in a straightforward way the emergence and nature of the modern, inflation-targeting central bank.
EXPLODING THE MYTHS ABOUT MONEY. Our money system is not what we have been led to believe. The creation of money has been privatized, or taken over by a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions -- including the Federal Reserve, the branches of which are 100% privately owned. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices -- and robbing you of the value of your money. Web of Debt unravels the deception and presents a crystal clear picture of the financial abyss towards which we are heading. Then it explores a workable alternative, one that was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation's, you should read this book.
Shrouded in mystery, managed behind closed doors, and the subject of both awe and derision, the Federal Reserve is commonly referred to as the fourth branch of our federal government, with wide-ranging influence over monetary policy, and by extension, banking, price levels, employment rates, and economic growth, income, and wealth. Bernard Shull traces the fascinating and improbable history of this institution from its establishment by an Act of Congress in 1913 to the present day. His careful analysis reveals a paradoxical phenomenon: focusing on three periods of economic stress (the inflation and deflation following World War I, the stock market crash of 1929 and subsequent Depression, and the stagflation and volatility of the 1970s and 1980s), Shull argues that despite convincing evidence that the Fed contributed to these crises, it has consistently emerged from each more powerful and influential than before. Setting the current profile of the Fed against its evolutionary context, The Fourth Branch sheds new light on the Fed's character and its impact on our economic, political, and cultural history.
In many ways, the story of the Fed is the classic American epic: turning adversity into opportunity, responding to threat by innovating and adapting. Even today, under attack by liberals and conservatives alike―in the wake of the stock market bubble, economic recession, and rampant job loss―the Fed is poised to remain strong long after the tenure of legendary Chairman Alan Greenspan. Setting the current profile of the Fed against its evolutionary context, The Fourth Branch sheds new light on the Fed's character and its impact on our economic, political, and cultural history.
What the average person does not know about the directors of our monetary policy, the Federal Reserve, is the fact that there is absolutely nothing "Federal" about the Federal Reserve System, and neither does it have any "Reserves." In his astonishing new book, "Thieves in the Temple: America under the Federal Reserve System," Andre Eggelletion reveals facts about how the American economy operates that every American deserves to know. He establishes a historical perspective, by discussing the definitions and functions of money, and how the idea of a central banking system evolved through American history.
Where does money come from? Where does it go? Who makes it? The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait! You'll be hooked in five minutes. Reads like a detective story - which it really is. But it's all true. This book is about the most blatant scam of all history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island is a "must read." Your world view will definitely change. You'll never trust a politician again - or a banker.
Another fine and extremely well researched work by Antony C. Sutton. An expose' of the people and forces behind the takeover of the US economy by the Federal Reserve system, on behalf of the oligarchs. A must for anyone interested in the inner workings of US politics and economics, and the concealed reasons for current events. This is the first book that details hour by hour the events that led up to passage of the Federal Reserve Act of 1913 - and the many decades of work and secret planning that private bankers had invested to obtain their money monopoly.
The Case Against the Fed takes a critical look at the United States Federal Reserve and central banks in general. It details the history of reserve banking and the influence that bankers have had on monetary policy over the last few centuries. The claim that the U.S. Federal Reserve is designed to fight inflation is proven false in this book,--in fact, it is price inflation which is caused only by an increase in the money supply, and since only banks increase the money supply, then banks, including the Federal Reserve, are the only source of inflation.
"Here are the simple facts of the great betrayal. Wilson and House knew that they were doing something momentous. One cannot fathom men's motive's and this pair probably believed in what they were up to. What they did not believe in was representative government. They believed in government by an uncontrolled oligarchy whose acts would only become apparent after an interval so long that the electorate would be forever incapable of doing anything efficient to remedy depredations." - Ezra Pound, from Introduction.