There is „Broken Money“, there is "The Bitcoin Standard“ but the most interesting I've so far read about the monetary system is „The Creature from Jekyll Island: A Second Look at the Federal Reserve“ by G. Edward Griffin.
I can only encourage every bitcoiner to read it. It is excellently written, very engaging & goes in many ways to the core of what the problem with current fiscal policies and banking system is about.
For example, right from the 1st chapter:
"The purpose ... was to come to an agreement on the structure and operation of a banking cartel. The goal, as is true with all cartels, was to maximize profits by minimizing competition between members, to make it difficult for new competitors to enter the field, and to utilize the police power of government to enforce the cartel agreement. In more specific terms, it was to create a blueprint for the Federal Reserve System.
Here were representatives of the world's leading banking consortia... driven together by one overriding desire to fight their common enemy. The enemy was competition.
Competition also was coming from a new trend in industry to finance future growth out of profits rather than from borrowed capital…between 1900 and 1910, seventy per cent of the funding for American corporate growth was generated internally, making industry increasingly independent of the banks.... What the bankers wanted … was to intervene in the free market and tip the balance of interest rates downward, to favor debt over thrift. To accomplish this, the money supply simply had to be disconnected from gold and made more plentiful … ."
This is just from the 1st chapter and it continues to be enlightning and revealing. In my view it shows even better than Lyn's or Saif's books how the creation of the debt-based money supply system, the creation of the FED and the move away from the gold-standard was not a natural development that simply had to occur for a modern society to function but was instead driven by the influence of a few conspiratory bankers.
#nostr #bitcoin #books #bookstr #money
Goodreads
The Creature from Jekyll Island: A Second Look at the F…
Where does money come from? Where does it go? Who makes…
