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Rigged Money: The Third U.S. Experiment with a Central Bank

Rigged Money: The Third U.S. Experiment with a Central Bank

by Detlef Gloge


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Dollar bills may wear out, but they don’t disappear.

So why can banks add trillions of new dollars to the existing ones without asking anybody’s permission?

In this unique disclosure of the spoils of money creation, economist Detlef Gloge reveals how each dollar created by banks is a dollar of wealth seized from society—mainly from society’s most vulnerable members. At last, there is an honest, convincing exposition of banks’ harmful activity that causes wealth disparity, economic stagnation, and societal conflict.

Rigged Money’s objectivity is a refreshing contrast to mainstream duplicity on this subject. His lucid arguments contrast with the usual academic jargon and sophistry and should appeal to anyone with common sense and social awareness. Dr. Gloge explains the founders’ constitutional concept of sound money, how citizens have twice impelled the U.S. Congress to adhere to it, and why the time has come for another reminder.

Rigged Money is for those who truly care about the future of the United States. It is also a wake-up call for politicians who keep looking the other way while monetary malpractice is tearing the country apart.

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Product Details

ISBN-13: 9781947620759
Publisher: Toplink Publishing, LLC
Publication date: 08/25/2017
Pages: 90
Product dimensions: 6.00(w) x 9.00(h) x 0.22(d)

About the Author

Dr. Detlef Gloge is provocative and incisively honest. This short biography cannot do proper credit to him or his extraordinary books. An economist by trade, he worries about wealth inequality, economic stagnation, and the growing crescendo of public frustration.
He has spent decades observing the worsening monetary conditions and researching how banks' regressive tax creates irrevocable wealth disparity by harming the most vulnerable members of society.
Despite his twenty years as an economist, Dr. Gloge has maintained an uncompromising independence from the dissonance and confusion of the economic field. His common sense and independent mind-set probably stem from his experience as an engineer and a mathematician. Six dozen publications and patents bear his name. The Bell Laboratories team that he led deployed the first prototype internet links. He is a fellow of engineering and scientific societies in the United States.
These successes have shaped Dr. Gloge's desire to repay his country by joining those who openly express their concern for its future and recommend changes. The themes that he highlights in this book emerged in his earlier books, How Not to Make Money and Money Forensics. This third book, Rigged Money, is his most unreserved, candid exposition of the surreptitious harm and inequity practiced by today's creators of money.
This work is an important contribution to the realm of new economic thinking, which many economists consider fundamental for meeting the needs of the modern age.

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