Frankly, dear public, you are being robbed. This may be put crudely but at least it is clear.
—Frederic Bastiat, Economic Sophisms
Individuals rarely invest significant amounts of time analyzing economics because they assume they are too ignorant to understand it. Besides, we are constantly promised that tomorrow someone in power, some brilliant leader, will stop inflation and recession. Tomorrow the government will bring us back to prosperity. Our jobs will be secure. Our savings will be secure. Life will be secure.
You are involved in an exceedingly sophisticated con game in which you are the unwitting and almost helpless victim. You are the target of the greatest sting in the history of mankind—a sting that makes all other con games in history look amateurish. The take is big—hundreds of billions of dollars every year— and most of it comes from hardworking, trusting, middle-class citizens just like you. To give you an idea of the magnitude of your loss, you are being steadily fleeced of over half of everything you earn and, in the long run, of the majority of everything you save.
Every sting, to be effective, depends on two elements. First, it depends on the greed of the victim. Second, it must be clever enough to defy detection. You are going to be surprised at how the sting works. Moreover, you will be shocked to find out who it is that is ripping you off. The culprits are people you would least suspect—these clever manipulators have even convinced you to participate in your own demise.
This book explains the monetary system and the tricks of the manipulators in terms you can understand. Read the following chapters carefully and they can be your key to financial survival.