Putting a Stop to Fictitious Bank Accounting: With a Plan to Redeem the US and Euro Area National Debts

by Michael Schemmann

This short 70-page book explains the commercial banks' violation of International Financial Reporting Standards (IFRS) in their creation of tens of trillions of fictitious deposits out of nothing, relying on government bailouts while the same governments keep on borrowing the banks' fictitious credits that are comprising our $18 trillion and 10 trillion euros of national debts. Irving Fisher (1935) writes in his famous "100% Money" book: Bankers Often...

• Format: Paperback
• Language: English
• ISBN: 1511593598
• ISBN13: 9781511593595
• Release Date: April 2015
• Publisher: Createspace Independent Publishing Platform
• Length: 72 Pages
• Weight: 0.26 lbs.
• Dimensions: 0.2" x 6.0" x 9.0"