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New Book Exposes the Truth About the Federal Governments Debt

SARASOTA, Fla. (PRWEB) November 07, 2012

Dont worry about the debt of the Federal Government. Its debt is no debt. It can be wiped out by a few strokes on the computer keyboard and by policies which keep inflation locked at Zero percent. This is just one of the revelations which the economist Jes Rau offers in his groundbreaking treatise, Its All the Banks Fault. After reading this book, readers will find themselves asking, How could we all have been so blind? How could we all obediently have believed in the mythos of the Klapperstorch who out of thin air brings us the newborn money and drops it on the premises of the banks?

One of the reasons behind this distorted view of reality is the fact that most economists do not understand the true nature of money. This includes the great John Maynard Keynes who regarded central bank money as the only alternative to currency based on gold. This may appear logical if Keynes view that only a short term analysis of the economic process matters since in the long run we are all dead is adopted. Here the grand master was wrong. Dead wrong. Rau quips. Because of his narrow vision, Keynes overlooked the changes in the quality of money taking place over centuries due to the de-golding of money which freed the economy from the bondage of the barbaric metal but destabilized the economy.

In his book the author finally solves the riddle of Kondratieffs Long Waves. By making readers understand the past, he makes them understand the present. While the politicians try to cure the symptoms of the current malaise, Rau addresses its main cause. It is all the banks fault because in a system of Central Bank money the banks misdirect money setting in motion inflation, disinflation and deflation. Rau makes a powerful appeal to replace central bank money with money which behaves like gold- mint money that is.

Finally Rau published his treatise as a book under the title Die Banken sind an Allem Schuld. Reading this will give an eerie feeling of premonition- especially when the reader becomes aware that it was written more than 20 years ago. What Rau foresaw happened. Rau does not claim to clairvoyant, though. His predictions are all based on pure logic.

Listen to me, Rau implores. He is confident that this time he will be heard because the English version of the book may finally reach open-minded people in the whole world who will understand that the author offers an escape from looming disaster and can lead the way to a new prosperous world for everyone, a world without inflation. This book is enlightening, prophetic and transforming, a must-read for all thinking people. For more information on this book, interested parties may log on to

About the Author

The economist Jes Rau is the publisher of two German-American newspapers, the New York Staats-Zeitung and the California Staats-Zeitung. He lives with his wife, Margita, and their four children Marlene, Maximilian, Juliane and Jes in Sarasota, Florida.

It's All The Bank's Fault * by Jes Rau

What it takes to stop the destructive force of the banks and save the economy

Publication Date: August 28, 2012

Trade Paperback; $ 19.99; 177 pages; 978-1-4771-3896-0

Trade Hardback; $ 29.99; 177 pages; 978-1-4771-3897-7

Members of the media who wish to review this book may request a complimentary paperback copy by contacting the publisher at (888) 795-4274 x. 7879. To purchase copies of the book for resale, please fax Xlibris at (610) 915-0294 or call (888) 795-4274 x. 7879. For more information on self-publishing or marketing with Xlibris, visit To receive a free publishing guide, please call (888) 795-4274.

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