Good read for Kids or anyone, Truth In Money by Thoren, Debt Based Currency and Fractional Reserve system analysis

Truth in money book by Theodore Thoren, very solid but overlooked analysis of the current mainstream monetary system.

https://giftoftruth.files.wordpress.com/2016/04/truth-in-money-book.pdf

This book should be a required read in schools, but we all know why it probably isn’t. It has a fundamental analyisis of the monetary system, gives good examples and is a pretty easy read. It's freely distributed I just picked the first site that came up to link to the PDF file in the link above.

I would suggest this book for kids or anyone to read to learn about money and question how it is issued as debt based and maybe come up with their own ideas as to why things are set up this way. A decentralized non-debt based currency could possibly help solve a lot of the worlds poverty problems and allow for a free, non manipulated economy.

In the book, one of the examples given that stood out to me was in regards to interest and the actual borrowing into existence of our federal reserve notes and treasury bonds. Basically if there were only $100 issued into the monetary system at 6% interest, the amount owed back to cover the bond would be $106. Where does that extra $6 dollars come from??? More borrowing, perpetual borrowing, perpetual credit system driven by consumer driven economy. The book gives examples of how a sound money system would work using common sense.

There are a lot of good books out there and most just make people angrier and helpless feeling based on the current situation, what can we really do when things are stacked against the common person. If kids can begin to understand the system at an early age and learn how to think rather than what to think, then it would help collectively. Adopting alternative currency systems such as crypo might help make the world a better place. Thanks for checking out my post.