6 votes

I need more books..

Hi folks, I have a big favor to ask all of you.

I have been independently reading about economics, because I want to understand our situation. However the more I read, the more I feel like I am climbing a huge mountain of knowledge where I will never see the top.

So I have read various books by Hayek, Rothbard, and Mises yet I still don't feel like I fully grasp our economic situation. I also understand the difference between Keynesian and Austrian Schools (and I also know there are other schools as well.)

What I mean by this is, I understand how our currency is expected to fail, but how other countries / "bankers" / effect our currency is not 100% clear to myself.

If anyone out there could refer me some more books that could help me grasp our situation better, I would very much appreciate it.

Thanks in advance!

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Money, Bank Credit, and Economic Cycles


It is my favorite and, in my opinion, the most complete treatise on the legal and economic consequences of our current system while explaining the Austrian alternative. It is thorough (900+ pages) and is well worth the read.

Here's the free PDF version at Mises:


"If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom — go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, an

I have a copy of 'The Creature from Jeckyll Island'

You may have read it considering your reading list. I am almost done. I've been pushing myself to finish it. Late
the other night I dove into the second to last chapter w/out absorbing the title. The next day I was depressed(very). I didn't know why until I got back to the book to find I had been reading a worst case scenario that must've crept into my subconcious. You can find my email in my profile.

Aaron Russo, Nikola Tesla, Ron Paul, I'm jus' sayin'


Thanks for all those replies with suggestions, I appreciate you taking your time to help me out.

And for the guy who said "mises", no duh dude, I was asking specific suggestions, if you don't want to constructively comment, don't reply next time.

Here you go..



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Crash Proof 2.0 by Peter Schiff

Also you should check out:

The Little Book of Bull Moves in Bear Markets by Peter Schiff
How an Economy Grows and Why It Crashes by Peter Schiff

Happy reading!

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"The Real Crash-Peter Schiff.

"The Real Crash-Peter Schiff. He explains everything so anyone with half an interest in learning can pick up a lot

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I would read ALL about the Petro-dollar

The Petro-dollar is utterly fascinating to me, and it pertains to "economics" because that is literally what is keeping our dollar afloat and what is driving our foreign policy. Petro-dollar hegemony.

An expert on this topic is William Clark. He wrote "PETRO-DOLLAR WARFARE: Oil, Iraq and the future of the Dollar. Also "The Hidden Hand of American Hegemony: Petrodollar recycling and International Markets. By David E. Spiro. A Century of War: Anglo-American Oil Politics and the New World Order, by F. William Engdahl is another great read. Since you've read Rothbard and Mises you already have the foundation of Austrian Economics, I feel these aforementioned books put our current Empirical situation and Military Keynsianism into prospective. The Creature from Jekyll Island is amazing as well and of course "END THE FED" by the man (Ron Paul) himself.

There are many good books out there- they just might be a little more difficult to find because they expose the super elite banking cartels that run everything- good luck!

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Hi LibertariansUnite

I don't know of any books but I feel I have a good grasp of the situation. I'm happy to answer to the best of my ability.

First, don't feel bad about reading economic books and feeling overwhelmed. Economics is complex and not an exact science, which is how you end up with such large debates.

The question you ask is a very very good one, though. In my opinion it's a key reason if not the key reason we've been able to hold on so long. We live with a global economy very much interlinked. It gets complex, but there are two key ways other countries actions affect our currency. I'm sure you've heard the U.S. dollar is currently the world's reserve currency. This means countries accept it as a benchmark, something they know they can count on for certain stable value and accepted anywhere else. The central banks of countries desired to hold U.S. dollars in this way to protect their buying power, essentially for energy (oil), even if their own currency suffered/fluctuated, for example, like Argentina's pesos did after their crash in 2001. Gold is also held by central banks as something believed to be a secure store of value. Because of the economic and military dominance of the U.S. in decades past U.S. dollars became more desirable than even gold to hold, and were used to purchase oil. Saddam Hussein announced his intention to switch to selling Iraq's oil for Euros instead of dollars. The U.S. invaded Iraq shortly thereafter. Iraq isn't the world's major supplier of oil, but others could get ideas...

So, getting back on track, whenever something you have is desired by someone else it has value. If it is valued by enough people it can be called "money", because people can hold it as a store of value and re-exchange it anytime. Well, since the U.S. controls Federal Reserve Notes which as described are desired by the rest of the world it can theoretically create as much "money" which will continue to have value as it wants. The problem with doing that, however, is that at a point there are so many dollars created that the purchasing power for any people using them is diminished. Well, who primarily uses dollars? The American people. Well, so what, you might say, at least their government can grow as big as it wants and give out all sorts of things free (seemingly). That's true except for one other thing. The American economy is over 70% dependent on consumer spending. You take away the ability for consumers to spend and you've seriously cut the economy, and therefore jobs.

Okay, so that's one key way other countries affect our currency. They all hold, desire, and accept it which gives it value, even though it's no longer backed by gold. Any point at which they believed it might significantly lose it's value would be problematic obviously.

Another way actions of other countries affect our currency is what they do with their own currency. All major currencies now do the same thing which is print money without any hard backing (like by gold). So the value of any one currency versus another is subject to how the marketplace views it as a store of value. Currencies being printed (inflated) very fast obviously lose purchasing power faster and are therefore not as desired as those doing the opposite, say, raising interest rates meaning less currency in circulation, less inflation, and more buying power. China famously manipulates its currency to keep its buying power very low. This means U.S. dollars can buy Chinese goods cheaply improving China's export portfolio while buying less U.S. goods. China happily gets the economic activity and we just get more indebted.

That's a small taste of the answer. Hopefully it helps. It's by no means a simple subject.

Confessions of an Economic Hitman by John Perkins

Describes the processes by which he would go into developing countries, write up hugely optimistic projections for their potential growth through electrification and road building, then present these reports to the World Bank and USAID, who would loan these countries more money than they could ever repay, then offer to take their natural resources instead to settle the debt.

That this same pattern is being used now to conquer the developed world is now painfully clear.

He's also done lots of good interviews - here's a good one to start with:

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