Truth About Money - The Worst Fraud/Swindle/Scandal/Crime in American History: The Federal Reserve Banking Act |  | Authors: Stephen Clark, Frank Wallace
Publisher: BookSurge
Category: eBooks
In Stock
Rating:  2 reviews
Sales Rank: 23,182
Format: Kindle Book
Media: Kindle Edition
ASIN: B001OI1XNA
Publication Date: January 16, 2008
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Product Description
On track and on target, this powerful nonfiction gets straight to the point in dissecting the complex web of deceit and betrayal surrounding the past, present, and future of the Federal Reserve Bank. The fact is the American government has a long and sordid history of fraudulent banking practices beginning with The Federal Reserve Act passed in 1913, which led to a national banking system that is unchecked, unfettered and unfair. Coauthors Stephen M. Clark and Frank Wallace set the record straight in this comprehensive yet easy to read assessment of the Federal Reserve Bank that is long overdue. By first unveiling the disturbing roots and dangerous efforts of the private banking industry, readers are provided relevant data that explains the absurdity of the economic status quo. The authors stay the course to propose methods for restoring sound and honest banking practices as provided in the Constitution. If knowledge truly is power, than this book carries more than its fair share to inform the general public on the alarming pattern of corruption and unfair usury practiced in the United States each and every day. Plain spoken and straightforward, Truth About Money: The Worst Fraud/Scandal/Swindle/Crime in American History: The Federal Reserve Banking Act by coauthors Stephen M. Clark and Frank Wallace is a powerful book on a big mission to inform the general public on a matter of national interest. As the title suggests, this book shares the facts about the cleverly named Federal Reserve Bank—a blatant deception, as the Fed is not now, nor has it ever been a public agency. The truth: it is a private cartel of bankers with international connections that was created by an immoral law, which made a few chosen elite fabulously wealthy by the misfortune of others. The fact is since 1914 there has not been truth in lending, nor has there been a fair chance at living the American Dream. Written for laymen readers who do not necessarily have a background in business, banking or finance, this book proves to be on a timely, relevant, and important mission. Concise and matter-of-fact, this in-depth portrait shows readers how the monetary system looked before 1913, how it came to change clandestinely and illegally, and how we, as Americans, might change it to recreate a more resilient, human-based and proactive system as set forth by the Constitution. Demanding answers and action, this powerful debut helps Americans face an important fundamental issue that compromises all that the United States is built upon, the fact is America’s fraudulent banking practices negatively impacts the citizens of this country—and the world. Back Cover Text Coauthors Stephen M. Clark and Frank Wallace believe in a few things. They believe that there is no good reason for any American to lose their home going bankrupt over medical bills. They believe that college graduates should be able to begin their life without unbearable school loan debt. Quite simply, they believe that home and student loans should be simple interest at a rate of 6% and that charging interest above a reasonable rate, ballooning or adjustable rates, and other deliberately confusing mortgage contracts should be considered criminal and made unlawful. They believe that the United States had a constitutional money system from its founding until 1913, when the Federal Reserve Act was passed and all sense of fairness was thrown out the window. Money funds, controls, and determines virtually everything that happens in our modern, increasingly digital financial world. As Americans, we must ask, who ultimately and morally deserves to own the rights and benefits of money creation? The choice is clear. All Americans deserve to benefit, not just the private banking cartels. Imagine debt-free money for education, health care, infrastructure, and disaster relief. Imagine how things are supposed to be.
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| Customer Reviews:
A Must Read October 2, 2009
Christie McLendon
1 out of 1 found this review helpful
The book is short, concise, and easy to read, and it uncovers the truth about the Federal Reserve Banking Act. Wallace and Clark researched well.
The Most Important Book I Have Ever Read May 4, 2010
Elvia M. Hughes (Denver)
1 out of 1 found this review helpful
Half way into this book, via my Kindle, I realized I had to have a hard copy so that I could study it closer and so that I could share references to it with other people.
This book has so inspired me that I feel compelled, no driven, to share it with as many people as I can. You will too, because you won't believe how our governments right to create money was so artfully subverted and relinquished to private, for-profit entities. Under our Constitution, it is the right and duty of Congress to create money. Period. Yet, today it is the Federal Reserve and the central banks, big for profits who do. They "lend" it back to our government at the going interest rates. No breaks for you and me, but, also no breaks for our government. You will not believe how easily and deceitfully this right was relinquished and you will wonder why more people today are not talking about it and why, more importantly it is not being challenged, still. I also wonder why this book isn't more mainstream in America. Wow. Where's Oprah? Where's GMA? Perplexing.
If you have ever been genuinely curious to understand our country's political and economic system you need and should read this book. You won't be able to sit still with what you will learn.
BTW: Don't waste your time trying to find the hard copy anywhere other than the publisher. Just start there. You will also, however, find the author's website interesting. . . [...].
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