Where do financial crises come from? To answer this question, there are several others to be asked: who controls currency emissions? Who gains on inflation? Who cares about printing paper money without gold cover? Who wants to make people dependent on loans? Who does the US Federal Reserve belong to? Why was the International Monetary Fund created? And above all: how is the global war on money conducted?
Song Hongbing, a Chinese financial analyst, is trying to answer these questions by looking at the Western world from outside and trying to figure out at what point this dynamically developing civilization has made the mistake that led to today's permanent crisis and growing debt. His story covers the last three centuries of European and American history, starting with the founding of the Bank of England in 1694, through the history of the Rothschild family and their financial empire, the establishment of the Federal Reserve, the participation of financial circles in inspiring two great world wars, the resignation from gold parity the seventies oil crisis, the defeat of the "Asian tigers" in the nineties and the recent financial crisis on the US real estate market. Presenting the history of the slow collapse of the West consisting in the voluntary surrender of countries to the slavery of banks, the author wishes to warn China and other dynamically developing Asian countries against making mistakes that can lead to the loss of not only prosperity but also sovereignty. However, this book, written for an Asian reader, can also be instructive for us. Although we have already made many of the mistakes the author writes about, there is always hope that we will not commit another one.