Bank Money in Crisis: Mock Deposit Lending & Accounting Fraud
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This work unmasks the creation of money by the private commercial banks against the best interests of the publice, whose money creation prerogative is awarded by the Constitution to the Congress/Parliament while their governments borrow the banks' money at national expense, and bails out the banks when they fail and do so with great regularity.
The book discusses the many financial crises since the Mississippi bubble of 1720 all the way to the Credit Suisse debacle of 2023. The writing of John Law, John Maynard Keynes, Irving Fisher and John Kenneth Galbraith are solutions for monetary reform are discussed.
The author is a professional banker, a licensed CPA in the State of Washington, and a professor emeritus of accounting, banking and finance, residing in Asia.
Details
- Publication Date
- Mar 27, 2023
- Language
- English
- Category
- Business & Economics
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Michael Schemmann
Specifications
- Pages
- 255
- Binding Type
- Paperback Perfect Bound
- Interior Color
- Black & White
- Dimensions
- US Trade (6 x 9 in / 152 x 229 mm)