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on 4 June 2012
I have started to try and understand the mysteries of the banking system and this book was a revelation. It gave the history of events for both the British and American systems, the gradual centralisation and the removal of banking constraints to faccilitate the continued boom and bust of bank created inflation of the money system.

It was very clear and easy to read. Sometimes I wonder if banking is closer to a whodunit thriller than dry figures and this book leaves no doubt about how and why political leverage has been applied. Truly excellent and has encouraged me to read further.
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on 12 November 2009
This book gives a great insight into our reserve banking system. It shows us how our banking system came into existence, how it works and why we should be worried about it. Rothbard gives an incisive explanation of why reserve banking in its current form is doomed to fail and the ongoing economic crisis underlines that his theories are valid.
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on 22 November 2015
This should be read by everyone. They will then understand that money has no value, it is created out of "thin air". It will also explain why the 2007/2008 credit crash was caused. Also how the public can control the banks and governments. Only buy what you actually need and prices will come down, however buy all sorts of "other things" (extra things) and prices go up with inflation. Become informed of how valueless money is.
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on 4 October 2013
This is a very interesting book, well written and explains everything you need to know about banking, fractional reserve banking, how it works etc very clearly. Considering the current financial climate I think it is encumbent upon everyone to get to grips with what's going on and to be able to separate fact from fiction. This is a must read.
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VINE VOICEon 11 February 2013
This is probably the best intro to the school of Austrian economics and basic financial theory, its really accessible and gives a world class over view of fractional reserve banking and how our modern financial systems work. I found this book to be very accessible and educational and really benefited from reading it and its enjoyable to read and pretty cheap on Kindle too. 5 stars no doubt about it!! Grab it and dig in.
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on 14 April 2013
Everybody should read this. It is not a difficult text but makes pretty clear why we are in the mess we we are today; greed combined with a false creed that bankers, both central and chartered, hand in hand (and in your pocket) with ruling elites know best how keep the economy going (sure they do).
And now we have the zombie economies of the West to pass on to our children. Here you go kids, sorry we stood by open-mouthed while life and richness was sucked out of your inheritance by parasites. Hope you don't make the same mistake as us. Read this and maybe you won't.
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on 19 January 2013
Fractional reserve banking is the the cause and curse of modern banking. Something i had not fully understood until I read about it in this book. A good read with revelations about how banking is carried out since coming off the gold standard.
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