4 Dec 2021
Dear Readers:
I am pleased to announce that I have (finally) completed my new book, “The Control and Manipulation of Money”. It is available for free download at:
httpss://fremontvalleybooks.com
The book consists of two parts. Part 1 (chapters 1 to 6) discusses basic economics: wealth, capital, labor, rent, credit, taxation, the causes of expansions and recessions, inflation, and national debt. It also includes examples of monetary depreciation (inflation), the effects of inflation, and the operation of the various banking systems (including central banks under a fractional reserve system). It is primarily a refutation of the common false claims made by “progressive” socialists.
Part 2 (chapters 7 to 24) is a complete financial and economic history of the U. S. from 1775 to 2020; starting with the Continentals during the Revolution, the first and second Banks of the United States, the National Banking system, and the Federal Reserve system. It includes all the relevant legislation that changed the banking system and describes the causes of recessions. Each chapter contains a full set of data: U. S. government revenues and expenditures, national debt, condition statements of the banking system, money supply, coinage, consumer price index (the metric for depreciation of money), and income index. Part 2 will provide you with all the necessary facts about the monetary situation in the U. S. throughout our history.
Thanks,
EDD
