Monetary Science and Basic Economic Law Premier Ark, LLC — Copyright 2009 Click Here To Download Now

The Great Credit Contraction

An autopsy on the worldwide monetary and financial system

The Book

The Great Credit Contraction

The entire worldwide monetary system, built over hundreds and hundreds of years, is changing. Those who fail to understand the environment, with the applicable monetary science and economic law, and fail to take preemptive protective action may lose fortunes. Some already have.

If you desire to understand monetary science and basic economic law then at a minimum you must know how to distinguish money from fiat currency, how to protect your money with bailment instead of using fractional reserve banking and the effect that global quantitative easing will have on your savings.

For a more complete understanding you will want to read The Great Credit Contraction.

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Monetary Science
Definitions

What Is Money

The terms money, money substitutes, illusions and currency are often used interchangeably.

  • Money

    Money must have intrinsic value by being a tangible asset.

  • Money Substitute

    A money substitute, on the other hand, is a negotiable instrument that promises the payment of money.

  • Illusions

    An illusion is a negotiable that promises nothing and has no intrinsic value.

  • Fiat Currency

    America's hatred of fiat currency because of its infringement on civil liberties.

  • Bailment

    Bailment is distinguished from fractional reserve banking because it only involves the transfer of possession and not its ownership.

Banking And Policy
Analysis

Fractional Reserve Banking

Fractional-reserve banking is the banking practice in which banks keep only a fraction of their deposits in reserve (as cash and other highly liquid assets) and lend out the remainder while maintaining the simultaneous obligation to redeem all these deposits...

  • Credit Expansion

    By its nature, the practice of fractional reserve banking expands the currency supply beyond what it would otherwise be.

  • The Bank Run

    Problems can arise, however, when a large number of depositors seek withdrawal of their deposits; this can cause a bank run or, when problems are...

  • The Inevitable Credit Contraction

    This misinformation leads investors to misallocate capital.

  • Global Quantitative Easing

    Governments, owned by banks, are engaging in quantitative easing to perpetuate the derivative illusion and gold price suppression scheme.

  • About The Author

    Trace Mayer is an entrepreneur, investor, journalist, and monetary scientist.

In The BookAdditional Reading

In The Book

  1. The Difference Between Currency, Money and Money Substitutes (Ch. 1)
  2. The History Of Money And How The Current Financial System Developed (Ch. 2)
  3. The Answer To A Simple Question: 'What Is A Dollar?' (Ch. 2)
  4. Why Fractional Reserve Banking Is Inherently Unstable And Criminal (Ch. 3)
  5. What An Inflation Credit Expansion And Deflationary Credit Contraction Are (Ch. 4 and 5)
  6. How To Protect Yourself, Your Family And Your Assets Along With Potential Pitfalls (Ch. 6)

The Great Credit Contraction

Additional Reading

  1. RunToGold 10 titles
  2. HowToVanish 10 titles
  3. How To Buy Gold Safely 10 titles
  4. How To Buy Silver Safely 10 titles
  5. How To Buy Platinum Safely 7 titles

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