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How Backhouse saved the bank



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Legalforgery.com is divided into chapters. You can read these chapters by following the link to 'Legal Forgery' in the links bar above.

The page you are reading now contains an introduction to the book. To read the full introduction click the 'read more' link at the bottom of the opening paragraphs of text.

Legal Forgery Introduction


LEGAL FORGERY: THE CAUSES OF MONETARY CHAOS AND A PROPOSED SOLUTION. 

For three thousand years mankind has used money and banking but the form that money has taken in the last fifty years is something completely different.  Nearly all of our money is now intangible, it is not cowrie shells, metal, coin or even paper, it is binary code, electrical signals in millions of computers.  The quantity of money in existence is many times greater than is required for trade and has been expanding at enormous speed.


 Coining money was always the prerogative of the King and those that did it themselves were liable to lose a hand or their lives. Now only 3 out of every 100 we use is genuine government backed money, created by the Government, mostly in the form of cash, the remaining 97 was created on a computer screen by one of the clearing banks.

This has always been legal forgery but has been allowed to become grand larceny. It now threatens the whole of the world economy. It is a casino where real money flies around at hundreds of times real trade, breeding fraud and corruption on an epic scale. It must be stopped before any progress can be made and this book describes the way it happens and the way to stop it.

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