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Mystery of Banking

 
 
 
 
 
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The heart of the modern monetary system is fractional reserve banking. This system is based on fraud. At the very heart of the modern economy is fraud – fraud on a gigantic scale.

What is the nature of this fraud? Counterfeiting. Banks are government-licensed institutions that issue bogus IOUs. Because these IOUs function as money, they are counterfeit money. This is the heart, mind, and soul of all modern banking.

There is only one textbook in money and banking that states explicitly that all fractional reserve banking rests on fraud: Murray Rothbard's The Mystery of Banking. It is not used in any university. It never has been. It was published in 1983. It went out of print almost immediately.

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10/11/2009

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Waja 260

Waja 260

Thanks ,but i have no right to download, because i have download problem.

11/13/2009
wolverine42100

wolverine42100: So the download problem still persist? Please try first using another local area network connection. 11/13/2009