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HOW WALL STREET FLEECES AMERICA: Privatized Banking, Government Collusion and Class War

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How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War


T The 1913 Federal Reserve Act let powerful bankers usurp money creation authority in violation of the Constitution's Article I, Section 8, giving only Congress the power to "coin Money (and) regulate the Value thereof....".

Thereafter, powerful bankers used their control over money, credit, and debt for private self-enrichment, bankrolling and colluding with Congress and administrations to implement laws favoring them. As a result, decades of deregulation, outsourcing, economic financialization, and casino capitalism followed, producing asset bubbles, record budget and national debt levels, and depression-sized unemployment far higher than reported numbers, albeit manipulated to look better. After the financial crisis erupted in late 2007, even harder times have left Main Street in the early stages of a depression, with recovery pure illusion. Today's contagion has spread out of control, globally.

Wall Street got trillions of dollars in a desperate attempt to socialize losses, privatize profits, and pump life back into the corpses by blowing public wealth into a moribund financial sector, failing corporate favorites, and America's aristocracy. While Wall Street boasts it has recovered, industrial America keeps imploding. High-paying jobs are exported. Economic prospects are eroding. Austerity is being imposed, with no one sure how to revive stable, sustainable long-term growth. This book provides a powerful tool for showing angry Americans how they've been fleeced and includes a plan for constructive change.

„YOU ARE IN THE DARK IF YOU DON'T GET THIS BOOK .FOR THE COMMON PERSON WHO DON'T UNDERSTAND WHATS REALLY GOING ON NOW IN THIS WORLD.I FEEL YOU BETTER START PLANING NOW!!IF YOU WANT TOO SURVIVE .THIS BOOK FOAMS A BASIS ON WHY WE HAVE GOTTEN TOO THE POSITION WE ARE TODAY. THIS BOOK HELPS YOU PUT ALL THE DOTS TOGETHER. I AM ON MY SECOND READING OF IT RIGHT NOW.I GUEST I AM A BIG FAN "AYE .WORTH EVERY PENNY .THANK YOU.”

 
Stephen Lendman
Stephen Lendman
Stephen Lendman was born in 1934 in Boston, MA. In 1956, he received a BA from Harvard University. Two years of US Army service followed, then an MBA from the Wharton School at the University of Pennsylvania in 1960. After working seven years as a marketing research analyst, he joined the Lendman Group family business in 1967. He remained there until retiring at year end 1999. Writing on major world and national issues began in summer 2005. In early 2007, radio hosting followed. Lendman now hosts the Progressive Radio News Hour on the Progressive Radio Network three times weekly. Distinguished guests are featured. Listen live or archived. Major world and national issues are discussed. Lendman is a 2008 Project Censored winner and 2011 Mexican Journalists Club international journalism award recipient.