HOW NOT TO MAKE MONEY: The Curse of the Money Machines

Business & Finance, Economics, Nonfiction, Reference & Language, Education & Teaching, History
Cover of the book HOW NOT TO MAKE MONEY: The Curse of the Money Machines by Detlef Gloge, BookLocker.com, Inc.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Detlef Gloge ISBN: 9781621415411
Publisher: BookLocker.com, Inc. Publication: October 1, 2012
Imprint: Language: English
Author: Detlef Gloge
ISBN: 9781621415411
Publisher: BookLocker.com, Inc.
Publication: October 1, 2012
Imprint:
Language: English

Benjamin Franklin said of the U.S., “We issue our money in proper proportion to the demands of trade and industry.” Today, the stewards of our money tell us they must create more money because easier credit and money will lift people’s “animal spirits.” Is that what they think of our mental capacities? And isn’t there enough money and debt already? Why must they entice people to continue borrowing and speculating?

The book tells stories of people caught in past credit booms and busts from bankrupt kings to despondent borrowers to charlatans exploiting indebted nations. Creating money by way of credit is simple and easy. Everybody’s growing prosperity and wealth is the lure. When trade and industry can no longer support swollen debt loads, money supply shrinks and with it prosperity and wealth. Franklin saw it in Europe: An over-abundance of money corrodes economies and ultimately impoverishes societies. 

This is not a complex subject. Everybody can and should understand it to plan for the future. Each of the book’s stories highlights a different way credit affects economic activities: banking, saving, investment, etc. The text surrounding the stories is an easy introduction to economic topics - without math or jargon. High school students will enjoy the book as a class text and grow up financially and economically literate. They will learn to question the soundness of the present management of our money. 

The facts, unfortunately, provide convincing evidence that it is time for the U.S. to rethink the functioning of its banking system, which acts as a forth branch of government without proper checks and balances. You want to read the book if you feel responsible for your own and our nation’s affairs and intend to take part in the making and shaping of informed decisions wherever you have a voice.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Benjamin Franklin said of the U.S., “We issue our money in proper proportion to the demands of trade and industry.” Today, the stewards of our money tell us they must create more money because easier credit and money will lift people’s “animal spirits.” Is that what they think of our mental capacities? And isn’t there enough money and debt already? Why must they entice people to continue borrowing and speculating?

The book tells stories of people caught in past credit booms and busts from bankrupt kings to despondent borrowers to charlatans exploiting indebted nations. Creating money by way of credit is simple and easy. Everybody’s growing prosperity and wealth is the lure. When trade and industry can no longer support swollen debt loads, money supply shrinks and with it prosperity and wealth. Franklin saw it in Europe: An over-abundance of money corrodes economies and ultimately impoverishes societies. 

This is not a complex subject. Everybody can and should understand it to plan for the future. Each of the book’s stories highlights a different way credit affects economic activities: banking, saving, investment, etc. The text surrounding the stories is an easy introduction to economic topics - without math or jargon. High school students will enjoy the book as a class text and grow up financially and economically literate. They will learn to question the soundness of the present management of our money. 

The facts, unfortunately, provide convincing evidence that it is time for the U.S. to rethink the functioning of its banking system, which acts as a forth branch of government without proper checks and balances. You want to read the book if you feel responsible for your own and our nation’s affairs and intend to take part in the making and shaping of informed decisions wherever you have a voice.

More books from BookLocker.com, Inc.

Cover of the book The Shanghai Conspiracy by Detlef Gloge
Cover of the book IN SEARCH OF RESILIENCE: Developmental and Motivational Perspectives of African American Men by Detlef Gloge
Cover of the book God's Beautiful Dream by Detlef Gloge
Cover of the book Life Through Self Empowerment by Detlef Gloge
Cover of the book Suicide: You Don't Have to Die to Live by Detlef Gloge
Cover of the book The Month of June by Detlef Gloge
Cover of the book Casting Shadows by Detlef Gloge
Cover of the book From Generation To Generation by Detlef Gloge
Cover of the book Fundamental Cases in Criminal Justice by Detlef Gloge
Cover of the book THE ENIGMA STRATEGY by Detlef Gloge
Cover of the book A Tin Star for Braddock by Detlef Gloge
Cover of the book IRRITABLE BOAT SYNDROME by Detlef Gloge
Cover of the book Amazing Intuition: Expanding Your Most Important Resource by Detlef Gloge
Cover of the book Land of Tribute by Detlef Gloge
Cover of the book DEEP TALK: Death Does Not Exist by Detlef Gloge
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy