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Cover: 9781958892824 | Rigged Money | The Fateful Lure of Fiat Money - 2nd Edition | Gloge
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Rigged Money
The Fateful Lure of Fiat Money - 2nd Edition
Taschenbuch von Detlef Gloge
Sprache: Englisch

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Beschreibung
Wars and the need to fund them were the historic reason for banks to create excessive amounts of fiat money. This book explains how banks seized the wealth of society's most vulnerable members to create fiat money. During peacetimes, banks primarily lent to the government depriving the private sector of capital and resources. The unimpeded bank credit offered the government a convenient source for unlimited borrowing and spending. US banks also learned to offer fiat dollars to foreigners seizing the wealth of foreign dollar users. The peremptory confiscation of foreign dollar holdings by the US is poisoning the trust in the dollar and reestablishing gold as a reserve currency.
Wars and the need to fund them were the historic reason for banks to create excessive amounts of fiat money. This book explains how banks seized the wealth of society's most vulnerable members to create fiat money. During peacetimes, banks primarily lent to the government depriving the private sector of capital and resources. The unimpeded bank credit offered the government a convenient source for unlimited borrowing and spending. US banks also learned to offer fiat dollars to foreigners seizing the wealth of foreign dollar users. The peremptory confiscation of foreign dollar holdings by the US is poisoning the trust in the dollar and reestablishing gold as a reserve currency.
Über den Autor
Detlef Gloge is the author of six dozen articles and patents on internet transmission. Managing network projects, he got involved in economic aspects of infrastructure funding and resource appropriation. He is an alumnus of Bell Laboratories and a Fellow of US engineering and scientific societies.
Details
Erscheinungsjahr: 2024
Fachbereich: Allgemeines
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781958892824
ISBN-10: 1958892823
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Gloge, Detlef
Auflage: Second Edition
Hersteller: Booklocker.com, Inc.
Maße: 229 x 152 x 7 mm
Von/Mit: Detlef Gloge
Erscheinungsdatum: 20.09.2024
Gewicht: 0,167 kg
Artikel-ID: 130097678
Über den Autor
Detlef Gloge is the author of six dozen articles and patents on internet transmission. Managing network projects, he got involved in economic aspects of infrastructure funding and resource appropriation. He is an alumnus of Bell Laboratories and a Fellow of US engineering and scientific societies.
Details
Erscheinungsjahr: 2024
Fachbereich: Allgemeines
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781958892824
ISBN-10: 1958892823
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Gloge, Detlef
Auflage: Second Edition
Hersteller: Booklocker.com, Inc.
Maße: 229 x 152 x 7 mm
Von/Mit: Detlef Gloge
Erscheinungsdatum: 20.09.2024
Gewicht: 0,167 kg
Artikel-ID: 130097678
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