The Banking Swindle: Money Creation and the State

A well researched look at the philosophy of money, it's true use, where it comes from and who controls it's issue. This book should be read by everyone concerned with the problems associated with debt finance and the obvious inability of governments to provide a reasonable living to all even though the provision of goods and services is adequate but denied us so we starve in a society of poverty amid plenty. Money and the accompanying usury is probably one of the least understood of forces used to control not only the individual, but governments and indeed countries, and where it is understood among governments they seem fearful of saying anything against it. Such is the power of the purse. Recently it has become notable that more academics are speaking out as to the true nature of money and particularly how it comes into being, and what could be done to tackle the problems associated with controlled debt finance. Unfortunately the "speaking out" is only available from the internet and the availability of books such as this one. The mainstream media is largely silent on the issue. Recommended for those who know in their hearts that something is wrong but can't quite put their finger on it. It could be a revelation to many.

This should be required reading for politicians of both the left and the right, business people and students alike. It is an incisive explanation of the way the banking and financial system actually works, in contrast with the often erroneous descriptions in economics text books. Bolton gives the reader a history lesson, explaining how banks actually create ex nihilo the 'money' that they lend. He also explains why the system is so unstable that events such as the GFC will happen over and over again, unless we modernise the system to ensure that banks no longer create money out of nothing, but become what they have always held themselves out to be - financial intermediaries that gather in money from savers and lend it out to borrowers and in the process earning an honest income from the margin between the interest rate that they pay savers for funds and the interest rate that they charge borrowers for loans.Readers may learn more by Googling Positive Money, whose website gives a list of monetary reform organisations worldwide.

An absoluteley fascinating read about a subject studiously ignored by the education establishment and mass media . Also a real insight into an essential (and ignored) facet of history: where did the money come from?

I found the book to very well researched with lots of solid background detail. However, I was disappointed by the lack of practical tips for creating a more effective personal financial position.

Having read several books by Bolton I was expecting more from him on this subject.Although the topic of the book is extremely interesting the impression of the book is degraded by the fact that certain paragraphs and ideas are repeated several times almost without variation. This is tedious to read and makes the book more comprehensive without adding value.A key topic of the book is social credit. Yet I close the book after a full read still searching for a concise definition of the topic (references are made to work by Ezra Pound but without the rephrasing the essence of the topic). Also, technical details on the various monetary models being defined and deployed on certain occasions around the world would have been useful.The value of the book lies in the examples of nations that have nationalized the central bank and the economic gains this has been given the citizens of the nations. If one can live with the repetitions and with not getting down to technical details on various monetary models then this book will not disappoint.After having read this book I came across a couple of other books that cover the same topic where I strongly recommend "The ruling elite" by Deanna Spingola, which provides the most elaborate presentation of European and US economic history and the role certain families have played over the years.

This is a book I strongly recommend to any who wish to better understand why the majority of people have no real control over the system of work and remuneration which renders such an uneven distribution of wealth and comfort.

Mr Bolton covers all the significant financial systems that have been written out of history by those that control the west (and its mass media) today.The first New Zealand Labour government, Guernsey, Hitler, Social Credit etc....all those brave and insightful leaders who identified the problem and tried to solve it.....often with remarkable, if temporary, success.Instead of being forbidden knowledge this book contains the kind of material that should be exposed in every school in the land.

perfect, cheers