This is a fairly dated book but apply s more today than when written and is a free read. If more people had taken this seriously there would be a lot more people in better shape today. Good Luck Steve
6 comments:
pfatz
said...
The problem is.................when I clicked on it, I'm told it is forbidden & I'm not authorized. Darn, that makes it more interesting.
I wanted to thank you for providing the free download it worked GREAT. I am getting a late start due to lack of guidance and direction which has recently changed. I have begun my list of lists and do have a fair supply of the recommended supplies from survivalblog.com, I will be back to your site very soon for more guidance and direction.
On page 40, in his explanation of how the Fed increases the money supply by buying Treasuries from banks, he says the Fed pays for them by check then credits the bank's reserve account. FIne. He then says: "Now the bank has new reserves against which it can make loans." Given their practice of fractional reserve lending, this purportedly leads to a potentially substantial increase in the money supply, aka inflation. What I don't get is how that can be true when, if the banks owned theT bills, they're just swapping one form of money for another in a supposedly even trade; and if they're only brokering the deal, their net is merely a commission, which I wouldn't think is too substantial. Can anyone clarify this for me? Thanks.
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6 comments:
The problem is.................when I clicked on it, I'm told it is forbidden & I'm not authorized. Darn, that makes it more interesting.
pkatz-Google the book and then punch on the site and then punch on the pdf-steve
Pfatz, I redid the link so it goes strait to the PDF of the book. Should work now.
I wanted to thank you for providing the free download it worked GREAT. I am getting a late start due to lack of guidance and direction which has recently changed. I have begun my list of lists and do have a fair supply of the recommended supplies from survivalblog.com, I will be back to your site very soon for more guidance and direction.
I found a copy of this book in a thrift store.
The PDF is missing the "contents" pages. These are between the definitions page and the preface.
Could this be added to the PDF?
On page 40, in his explanation of how the Fed increases the money supply by buying Treasuries from banks, he says the Fed pays for them by check then credits the bank's reserve account. FIne. He then says: "Now the bank has new reserves against which it can make loans." Given their practice of fractional reserve lending, this purportedly leads to a potentially substantial increase in the money supply, aka inflation.
What I don't get is how that can be true when, if the banks owned theT bills, they're just swapping one form of money for another in a supposedly even trade; and if they're only brokering the deal, their net is merely a commission, which I wouldn't think is too substantial.
Can anyone clarify this for me?
Thanks.
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