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| http://www.amazon.co.uk/Grip-Death-Slavery-Destructive-Economics/dp/1897766408 |
A lucid and original account of where money comes from and why most people and businesses are so heavily in debt. It explodes more myths than any other book this century, yet it's all about subjects very close to home: mortgages, building societies and banks, agriculture, transport, global poverty, and what's on the supermarket shelf. The author proposes a new mechanism for the supply of money, creating a supportive financial environment and a decreasing reliance on debt.
Michael Rowbotham is a political and economic writer and commentator based in the UK who is best known for his two books The Grip of Death (1998) and Goodbye America (2000). The Grip of Death focuses on what he believes to be inequities in the practice of fractional reserve banking (which he equates with counterfeiting) and the economic distortions he believes to be inherent in the so-called debt-based monetary system which almost all nations utilise in the modern age. In Goodbye America Rowbotham argues that Third World debt is immoral, invalid, and inherently unrepayable. He argues that this 'unjust' debt should be canceled immediately.
