I was able to push through the first two chapters because my goal was to learn more and the Federal Reserve. The author lacks understanding, or, even worse, misrepresents basic banking fundamentals such as how banks make money, how a balance sheet works, how lending works, how deposits work, what happens when loans go sideways, how bank profitability works, etc. I have been a commercial banker for 18 years. What I couldn’t handle was the description of the banking system. That’s fine - everyone has their own opinion. The author even alludes to his negative feelings about the Federal Reserve in the first few sentences.

However, the book has a lot of good reviews and is extremely popular. I could tell by the title how the author felt about The Fed. I wanted to listen to a book about the Federal Reserve given the current economic situation. Many other updates have been added, including a revision to the list of those who attended the historic meeting at Jekyll Island, where the Federal Reserve was created. The 5th Edition includes a no-holds barred analysis of bank bailouts under the Bush and Obama Administrations that are shown to be nothing less than legalized plunder of the American people. Putting it quite simply, this may be the most important book on world affairs you will ever read.

It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity.

This book is about the most blatant scam of history. It reads like a detective story - which it really is, but it's all true. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. This classic expose of the Fed has become one of the best-selling books in its category of all time.

The creature from jekyll island pdf