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Bancarotta!: An Allegory About Central Banking - or - What Ron Paul Didn't Say in 'End the Fed'
116 Pages / 220 Illustrations
Why is it that so many people are in so much debt at the same time? Does it seem strange to you that no matter how hard one works, and in spite of all the advances in society, most hard working people cannot escape the treadmill of perpetual debt? Why are so many families losing their homes to foreclosure? Why are so many households dependent upon credit cards to supplement their income? Why does it take TWO working spouses to maintain a middle class lifestyle when it used to take just one? Why are so many young people still living at home with their parents? Why do prices always creep up? Why, in spite of continued economic “growth”, are living standards actually falling?
*
You know in your gut that something isn't right in this world. But you don't have the "Economics education" to figure it out. It all seems too complicated for you to put your finger on, so you just keep slaving away to pay interest and taxes as your dollar buys less and less. Just keep working like a dog and leave the matter to the "experts" and politicians to handle.
*
But it's all very simple really. So, how exactly did we all become debt/tax/inflation slaves? ‘BANCAROTTA!’ breaks it down for you in the form of a very simple to understand allegorical short story set in the medieval Kingdoms of Pizza & Pasta and Beer & Strudel. You will truly be amazed at how quick and easy it really is to understand the world we live in today.
******
“Bravo! This entertaining and very funny illustrated allegorical tale taught me more about money, banking, politics and history than 4 years of business school and 10 years of following the business reports. A must read for everyone on this planet that lives under the criminal system of debt-based central banking.”
-- Patricia Harris / Fresno, California
Why is it that so many people are in so much debt at the same time? Does it seem strange to you that no matter how hard one works, and in spite of all the advances in society, most hard working people cannot escape the treadmill of perpetual debt? Why are so many families losing their homes to foreclosure? Why are so many households dependent upon credit cards to supplement their income? Why does it take TWO working spouses to maintain a middle class lifestyle when it used to take just one? Why are so many young people still living at home with their parents? Why do prices always creep up? Why, in spite of continued economic “growth”, are living standards actually falling?
*
You know in your gut that something isn't right in this world. But you don't have the "Economics education" to figure it out. It all seems too complicated for you to put your finger on, so you just keep slaving away to pay interest and taxes as your dollar buys less and less. Just keep working like a dog and leave the matter to the "experts" and politicians to handle.
*
But it's all very simple really. So, how exactly did we all become debt/tax/inflation slaves? ‘BANCAROTTA!’ breaks it down for you in the form of a very simple to understand allegorical short story set in the medieval Kingdoms of Pizza & Pasta and Beer & Strudel. You will truly be amazed at how quick and easy it really is to understand the world we live in today.
******
“Bravo! This entertaining and very funny illustrated allegorical tale taught me more about money, banking, politics and history than 4 years of business school and 10 years of following the business reports. A must read for everyone on this planet that lives under the criminal system of debt-based central banking.”
-- Patricia Harris / Fresno, California
126 pages, Kindle Edition
First published October 21, 2015
31 people are currently reading
62 people want to read
About the author
M.S. King
35 books109 followersM. S. King is a private investigative journalist and researcher based in the New York City area. A 1987 graduate of Rutgers University, King's subsequent 30 year career in Marketing & Advertising has equipped him with a unique perspective when it comes to understanding how "public opinion" is indeed scientifically manufactured. Madison Ave marketing acumen combines with 'City Boy' instincts to make M.S. King one of the most tenacious detectors of "things that don't add up" in the world today.
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Displaying 1 - 5 of 5 reviews
November 13, 2015
Central banking and the money system is something I've struggled to get my head around but this book explains the system and breaks it down better than anywhere else I've seen. Yes, the book is about banking but it's a fun read and an important one if you're considering furthering your knowledge in New World Order studies.
The whole system is a scam. The money the bank gives you for your next loan/mortgage doesn't even exist, at least not until you sign the papers, only then is it created. How many people are even aware of how the money system actually works?
Bancarotta is an easy and enjoyable read infused with humor. Please read it, the world needs more people who are awake to the scams.
The whole system is a scam. The money the bank gives you for your next loan/mortgage doesn't even exist, at least not until you sign the papers, only then is it created. How many people are even aware of how the money system actually works?
Bancarotta is an easy and enjoyable read infused with humor. Please read it, the world needs more people who are awake to the scams.
November 6, 2016
this book helped me a lot to understand the banking system and why inflation is present in economical systems
January 14, 2019
Bancarotta!: An Allegory About Central Banking - or - What Ron Paul Didn't Say in 'End the Fed' is a short but concise book on how does the loan business work. If you attended a conspiracy position like that of the author, you will find this book very much interesting and intriguing. But if you have some economic background before approaching this book, you might refute some of the thesis put forward.
MS King told a story of an Italian banker, who was the first to ask people for deposits of gold into his storage vault, and then lend out these deposits to others in need. The operation was done over a bench and hence the name of the bank (well, these days a lot of people would have known). When Mordecai, the banker, found people not drawing their own deposits at the same time, he began to lend out money in the form of notes multiple times the deposits he had collected from the others. He charged interest on the lending money and shared a small part of it with the depositors. At one point in time, when townspeople found that it was so "good" a business, they became angered. They found prices of all things rising up without reason and blamed Mordecai's business as the cause for the rise of the prices. Mordecai had to leave the town for another, when he found all the depositors demanded to withdraw their own money at the same time. And hence the term Bancortta is born, and in modern term, bankruptcy.
The allegory is easy enough to understand, partly due to a lot of conversations between Mordecai and the townspeople, and partly due to the many references the author made to the current financial practices and situations, as the story moves forward. Needless to say, the Federal Reserves practices are doing what Mordecai's doing - keeping a fraction of the deposits as a reserve for meeting the withdrawal demands, while lending out many more and charging interest on the money. When money flows rapidly, people see a general rise in price level. It sounds familiar it is the banker to blame for the economic instability as a result of his actions.
Although it is a fact that the debt comes from printing of paper money, and thus rises rapidly, the author omits to explain why in the first place people are willing to deposit and borrow money from the bank. Right, there is a "demand" for it, the debt. People want to have quick and accelerated satisfaction of their wants. And when there is demand, there is supply. I am not sure if this omission is intentional or not. Maybe the author was satisfied to tell only one side of the story and didn't attempt to come up with a "solution" to the borrowing problem. Does he want a world in which no borrowing activities at all? Is he a Christian fundamentalist who seeks to return to a world without interest? The author doesn't tell, nor attempt to give an answer.
I can't say I am totally satisfied with the book but given its short length, the book sets out to do what it wanted to do: drawing people to the root of the economic "problem" - money is a form of debt on the market. It is "created" out of thin air. New money is "counterfeit" to purchase bonds from the government by the "Fed". There is even a section of quotes by the famous and huge at the end of the book on the subject of money and banking. But you can be sure they are quotes which echo the author's conclusion: "the debt-based monetary system turns investment into a dishonest game of dice in which the object is to screw your fellow man before he can get do the same to you!" While it sounds dramatic, and true to some extent under specific circumstances, I would still advise you to approach reading this book with extra care.
MS King told a story of an Italian banker, who was the first to ask people for deposits of gold into his storage vault, and then lend out these deposits to others in need. The operation was done over a bench and hence the name of the bank (well, these days a lot of people would have known). When Mordecai, the banker, found people not drawing their own deposits at the same time, he began to lend out money in the form of notes multiple times the deposits he had collected from the others. He charged interest on the lending money and shared a small part of it with the depositors. At one point in time, when townspeople found that it was so "good" a business, they became angered. They found prices of all things rising up without reason and blamed Mordecai's business as the cause for the rise of the prices. Mordecai had to leave the town for another, when he found all the depositors demanded to withdraw their own money at the same time. And hence the term Bancortta is born, and in modern term, bankruptcy.
The allegory is easy enough to understand, partly due to a lot of conversations between Mordecai and the townspeople, and partly due to the many references the author made to the current financial practices and situations, as the story moves forward. Needless to say, the Federal Reserves practices are doing what Mordecai's doing - keeping a fraction of the deposits as a reserve for meeting the withdrawal demands, while lending out many more and charging interest on the money. When money flows rapidly, people see a general rise in price level. It sounds familiar it is the banker to blame for the economic instability as a result of his actions.
Although it is a fact that the debt comes from printing of paper money, and thus rises rapidly, the author omits to explain why in the first place people are willing to deposit and borrow money from the bank. Right, there is a "demand" for it, the debt. People want to have quick and accelerated satisfaction of their wants. And when there is demand, there is supply. I am not sure if this omission is intentional or not. Maybe the author was satisfied to tell only one side of the story and didn't attempt to come up with a "solution" to the borrowing problem. Does he want a world in which no borrowing activities at all? Is he a Christian fundamentalist who seeks to return to a world without interest? The author doesn't tell, nor attempt to give an answer.
I can't say I am totally satisfied with the book but given its short length, the book sets out to do what it wanted to do: drawing people to the root of the economic "problem" - money is a form of debt on the market. It is "created" out of thin air. New money is "counterfeit" to purchase bonds from the government by the "Fed". There is even a section of quotes by the famous and huge at the end of the book on the subject of money and banking. But you can be sure they are quotes which echo the author's conclusion: "the debt-based monetary system turns investment into a dishonest game of dice in which the object is to screw your fellow man before he can get do the same to you!" While it sounds dramatic, and true to some extent under specific circumstances, I would still advise you to approach reading this book with extra care.
November 13, 2015
Central banking and the money system is something I've struggled to get my head around but this book explains the system and breaks it down better than anywhere else I've seen. Yes, the book is about banking but it's a fun read and an important one if you're considering furthering your knowledge in New World Order studies.
The whole system is a scam. The money the bank gives you for your next loan/mortgage doesn't even exist, at least not until you sign the papers, only then is it created. How many people are even aware of how the money system actually works?
Bancarotta is an easy and enjoyable read infused with humor. Please read it, the world needs more people who are awake to the scams.
The whole system is a scam. The money the bank gives you for your next loan/mortgage doesn't even exist, at least not until you sign the papers, only then is it created. How many people are even aware of how the money system actually works?
Bancarotta is an easy and enjoyable read infused with humor. Please read it, the world needs more people who are awake to the scams.
November 8, 2018
Excellent book
A great read for all non Fed heads, for sure in my humble opinion, people of the United States of America
A great read for all non Fed heads, for sure in my humble opinion, people of the United States of America
Displaying 1 - 5 of 5 reviews