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Message Subject Get rid of the money system, then get rid of goverrments
Poster Handle Anonymous Coward
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Foster Book is rated about 4.3 of a 5 star rating:
[link to www.goodreads.com]

I want to comment on one of the three printed reviews.

Review #1 (3 star): Money is a bad thing to hoard, according to this book, because it loses its value over time, sometimes suddenly. Foster likes the idea of hoarding precious metals, however, because gold and silver has been universally accepted as money for a long time. I would guess that most of us don't even have a lot of paper money, but have savings in the form of numbers on record at a bank or fund. A lot of us have seen the collapse of value in our 401(k) accounts, so the loss of value of paper money should strike a responsive chord. I enjoyed Foster's book, written as it was by a stamp and coin dealer.

The book was originally published in 1991, eight years before the launch of the Euro. Foster calls it a "work in progress." Considering that even paper money is being largely replaced by debits and credits in electronic transactions, the history of money itself is still evolving and is fascinating to watch. Thanks to Mr. Foster for his contribution to this history.

Review #3 (4 star): If you want the history of fiat paper collapses this has most of the major and important ones. Book is a slow read, but worth the time, effort, and thought process required to read it thoroughly. The quick review is: printing money on paper that is backed by nothing but good wishes is not an answer. Learn from the mistakes of the past and do not repeat them.

His section with the interviews of Germans that went through the collapse of the Mark in the 1920s is worth reading.

Review #2 (4 star): ...written by a coin dealer. does not trust paper money for good reason. [Foster's Coin, Stamp, and Publishing - see interview with Darryl Schoon linked below]

He doesn't celebrate colonial script, the money that was made by and for the people of the early American colonies.

Valuable history: as he is obsessed with paper currency, he will tell any interesting story of world history relating to paper money.

Best way to get unadulterated history: read books by those obsessed with some abstraction.
 
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