Product Description

The premise of Dishonest Money is simple: Very smart and powerful people have created a system of financial control. With it, they are robbing you of your wealth, freedom and future. The average citizen, never taught how the system works, cannot effectively fight it If the premise of Dishonest Money is simple, then its purpose is even simpler: Help the average citizen learn “the system” so they can protect their wealth, freedom, and future. ...Expose the thieves, and stop them. To achieve this purpose, Dishonest Money explains the following in simple / common language: The Federal Reserve System, the International Monetary Fund, the World Bank; who created them and who benefits? Inflation, deflation, booms, busts, BAILOUTS, depressions and recessions; what are they, what causes them and who benefits? Honest money VS dishonest money: how are they different and who benefits? The CFR, the Trilateral Commission, the European Union, a North American Union, One-World government…who benefits? By the end of this short book, the reader will be familiar with these terms, will know “who benefits” and (more importantly) will know who pays…

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Product Details

Publisher	BookSurge Publishing
ISBN	1439214115
Number Of Pages	184
Format	Paperback
Author	Joseph Plummer
EAN	9781439214114
Label	BookSurge Publishing
Dewey Decimal Number	332
Studio	BookSurge Publishing
Title	Dishonest Money: Financing the Road to Ruin (Second Edition - 2009)
Release Date	2008-12-19
Publication Date	2008-12-19
Manufacturer	BookSurge Publishing

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Customer Reviews

Fractional Reserve Banking, the greatest scam of all time.

Review by Mr. Fritz C. Handel, 2010-01-18

I can't recommend Joseph Plummer's book, Dishonest Money, too highly. In clear and simple language and examples that the ordinary person can understand, Joe cuts through the misperceptions about how the banking system works, and exposes the biggest scam in history for all to see. These misperceptions are deliberatly encouraged by the banking "elite".

One of the most interesting things that Joe brings to light is just how much money the fractional reserve banking system "earns" for the bankers. For example, if you put $1,000 into a savings account that pays 5% interest per year, and you know that the bank's lending rate is 8%, you might logically assume that the bank makes 3% on the money they loan out using your deposit. That would be $30, compared to the $50 that they would pay you in interest.

The reality is far different. Under the fractional reserve system, with a reserve ratio of 10 to 1, the bank will be able to legally create--"out of thin air"--an additional $9,000, all of which they can lend out at 8%. If you or I did this it would be called counterfiting. (Joe's book explains how the bankers were able to get the government to grant them this lucrative privilege).

Imagine that, rather than a measley $30 a year in interest earned by lending out the $1,000 you deposited, the bank is able to collect $670 a year in interest payments on $9,000 created out of thin air and lent out at 8% interest. ($720 minus the $50 paid to you in interest on your deposit). Kind of makes the $50 you earned by allowing them the use of your hard earned money look like small change. When the debt is repaid, the bank takes the money that they created back out of circulation, BUT KEEPS THE INTEREST.

Interestingly, when the "too big to fail" banks make too many bad loans, they expect the taxpayers to bail them out, "to save the economy".

Why do most people not know how much money the banks are really making? Well, most people are accustomed to working for their money, so it never occurs to them that there are people who walk among us lesser mortals who can say "abra-kadabra", and poof, there is a pile of money (apparently indistinguishable from the money we work so hard to earn) which they can then lend to us, at interest.

As you might imagine, with a money making machine like this, the bankers have become fabulously wealthy. And they have used their wealth to their advantage, buying ever more control of the worlds resources, the major media, the educational system, scientists (think "Climate Gate"), big Pharma, elected represenatives of government (through campaign contributions), the WHO, and the U.N. Systematically, the "banking elite" are reducing the working people of the world to the status of serfs. Their stated goal is to create a single world government and central bank, which they would control, a "New World Order", to rule over lesser mortals--the ones who don't have their magical power to create money out of thin air. If we don't come to our senses soon and rid ourselves of this parasitical Dishonest Money system, the source of their power over us, they will surely succeed.

I recommend that you buy an extra copy or two of Joe Plummer's book, because you will want to lend it to your friends (I bought an extra six after first reading it, and now I don't even have a copy of my own. I have ordered another 12 copies)

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A book that inspired me to read so much more..

Review by Svetla Stoycheva, 2009-06-23

Dishonest money is a book that inspired in me great interest in the area of world monetary policy and US government actions and policies.

Using very plain language the author explained what is the Federal reserve, how it interacts with government and influences monetary policy, how it contributed to the economic situation of many countries in the world (if not all). All these are explained using simple language and examples, supporting facts, references from other sources (which I have bookmarked to read). The book is also full of curious facts - like that of gold cons being 'shaved off' in the past to take away purchasing power.

I must say the book really gives a good picture about the US government foreign policy throughout the years, and the effect it had on the regular US taxpayer, while at the same time bringing hardly any value to the benefiting countries. Being a citizen of one of the countries receiving funds from the European union / World bank, I can confirm that many of the author's observations on how ineffciently this money is spent is actually true..

Recommend the book to anyone interested to learn what stands behind the monetary policy of governments, how the increase or decrease of government spending, bank loans and money supply in general affects our economy. I also recommend checking the sites mentioned in the book - http://dishonestmoney.com and http://stopthelie.com - they are full of references to external sources and news which will keep you further informed on the book topics.

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Condensed version of Creature from Jekyll Island

Review by Kevin Dunbar, 2009-06-05

I thought it was a good, quick, read. It is basically a condensed and simplified version of Creature from Jekyll Island, and borrows heavily from that book (And the author states this early on). It is not a substitute for G. Edward's book, but rather an introduction. It would be good for people who are not familiar with our banking system, and those who want are shorter explnation (G. Edward's book is quite large).

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An eye-opener for the uninformed

Review by Salvatore J. Livreri, 2009-05-20

For anyone who has an inkling that something with our government is amiss, this would be a good starting point. It is written in an easy to understand vocabulary and really takes the time to explain the concepts. It also offers the reader other books to follow up with.

IF you have ANY inkling that something is just not right, you would do well to get this book. But after you are done, I ask you to pass the book on to at least one other person (I passed mine on to a financial advisor!)

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Very Informative!

Review by L. Skelly, 2009-05-18

Great book! This book addresses a very important issue with regard to today's 'economic situation' and should be read by everyone! Well written and informative, Dishonest Money is a must read. The author makes his points in a clear and concise style. I highly recommend this book! Can't wait to see what Joe has in store for us next!

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