Financial Hegemony (Updated Edition)

Money (currency) is power. This book tells the history of the Federal Reserve, a private institution that has seized and controlled monetary power. Thousands of people don't know that modern banks can create "money" through "credit", and they can also destroy "money". But people don't need to study economics to know that a proper money supply can bring economic prosperity, but when money goes haywire, economic disaster will definitely occur. The delinquency of some housing mortgages in the U. S. Mortgage market has evolved into a financial tsunami that has spread around the world - it was launched by the power of "creating/destroying money". We are talking about the world's top financial institutions: JPMorgan Chase, Citigroup, Lehman Brothers, Goldman Sachs and Morgan Stanley. But how did this power of money grow? How do those top private bankers strategize and call the shots to help the United States achieve its great cause of "global hegemony"? How did they abuse the power of money creation, and why did they launch this lawless "new financial revolution", which resulted in the United States falling into an unprecedented abyss of crisis? Every story told here is a fact that economists trained in British and American economics have always avoided. However, if they do not point this out to the public, they have forgotten the ideal of their profession: they serve the "wealth of the country." Kissinger once said: "If you control money, you control the world." This sentence is also true in reverse. If you lose control of money, you will definitely lose control of the world. In 2009, the whole world is waiting to see. Should monetary power and financial hegemony still be left to Wall Street bankers? Does monetary power control the state, or does the state control monetary power?