Articles liés à Money Manipulation and Social Order

Money Manipulation and Social Order - Couverture souple

Fahey Cssp, Rev Denis

 
9781482348354: Money Manipulation and Social Order
Couverture souple
ISBN 10 : 1482348357 ISBN 13 : 9781482348354
Editeur : CreateSpace Independent Publishing Platform, 2013

Synopsis

Father Fahey reports: “Given the defective principles of money manipulation outlined in the last section, it is easy to see how financiers came to occupy their present dominant position in modern States. The bankers observed that about 90 per cent of their total stock of gold remained in their vaults entirely undisturbed, and that only about 10 per cent of the precious metal was required for the normal transaction of business. The Banks then began to circulate far more promises to pay for gold than they had gold to meet, and to collect interest on the fictitious money. … The toleration by the State of this practice of lending promises to pay to ten times the amount of money which the bankers had in their possession was the second and more important step in the bankers’ advance to control in modern States.” Fahey notes the beginning of the fraud that led to the fractional reserve banking system, which is now based upon nothing as reported on several websites and videos on the internet. This work makes a fascinating introduction into the debasing of currency that has led to the recent bubble markets and economic distress world-wide.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Father Fahey reports: “Given the defective principles of money manipulation outlined in the last section, it is easy to see how financiers came to occupy their present dominant position in modern States. The bankers observed that about 90 per cent of their total stock of gold remained in their vaults entirely undisturbed, and that only about 10 per cent of the precious metal was required for the normal transaction of business. The Banks then began to circulate far more promises to pay for gold than they had gold to meet, and to collect interest on the fictitious money. ... The toleration by the State of this practice of lending promises to pay to ten times the amount of money which the bankers had in their possession was the second and more important step in the bankers’ advance to control in modern States.” Fahey notes the beginning of the fraud that led to the fractional reserve banking system, which is now based upon nothing as reported on several websites and videos on the internet. This work makes a fascinating introduction into the debasing of currency that has led to the recent bubble markets and economic distress world-wide.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
CreateSpace Independent Publishing Platform
Date d'édition
2013
Langue
anglais
ISBN 10 
1482348357
ISBN 13 
9781482348354
Reliure
Broché
Nombre de pages
114
Coordonnées du fabricant
non disponible
Personne responsable
non disponible