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Book Description
?There are very few people who understand the arcane ways in which money is created or， for that matter， who benefits and who is adversely affected by this act of creation. By parsing the language of the Fed chairman， Larry Parks has uncovered a minefield of illuminating observations. Larry Parks， the president of FAME， is the quintessential truth-teller in a world of obscurantism and misunderstanding. For most people， banking and global finance are a mystery wrapped in an enigma. However， the creation of fiat money affects transactions， buying power， investments， personal wealth and the rise and fall of nation states. Even today the runaway inflation during the German Weimar period in the 1930’s affects the attitude of the European Central bankers. Through textual analysis Mr. Parks offers extraordinary insight into the operation of the Federal Reserve and， as importantly， the future purchasing power of money. Lest anyone think these are either abstract or pettifogging matters， the creation of money is a transfer of wealth from Mr. and Mrs. John Q. Public to the banking establishment. It is hard to conceive of any issue that is more profound than this one.? Dr. Herbert I. London， Ph.D.， President - Hudson Institute

About the Author
Lawrence Parks is the Executive Director of the Foundation for the Advancement of Monetary Education (FAME). He has broad experience in academia， in business， and in finance. He holds a Ph.D. in Operations Research from the Polytechnic University. Dr. Parks has studied the money issue for more than thirty years. His writings have appeared in Pensions & Investments， The Economist， The Washington Times， The Freeman， The Free Market， American Outlook， The United States Congressional Record， National Review， and others. He is an active member of many civic and social organizations， a member of The United Association for Labor Education， The National Writer’s Union， UAW 1981， AFL-CIO， and he is a frequent speaker on the Fight for Honest Monetary Weights and Measures. His focus is on how our present fiat monetary system operates to destroy savings， pensions and jobs and what to do about it. Larry Parks: Lparks@fame.org