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I recommend reading "The creature from Jekyll Island". This book opened my eyes up to the question "what is money?" and it's especially relevant today, given we are living through the largest wealth transfer in human history. But it also talks about how smaller banks work, and this notion of IOUs, credit and loans.

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From wikipedia, about the author: 'He is an HIV/AIDS denialist, supports the 9/11 Truth movement, and supports a specific John F. Kennedy assassination conspiracy theory.[2] He also believes that the Biblical Noah's Ark is located at the Durupınar site in Turkey.[6]'. I would recommend learning from different sources.

I agree. And the book does off into crazy land about the 1/2 through to the end of the book.

BUT I think the first part is actually a pretty good approachable explanation of the Federal Reserve and how our money works.

That's an Ad hominem attack by Media Matters and doesn't effect my strong recommendation that this book explains the banking system and how the federal reserve functions.

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