The LOST SCIENCE of MONEY: The Mythology of Money—the Story of Power

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    Stephen Zarlenga’s The Lost Science of Money, traces the money power through three-and-a-half millennia from barter to the euro.

    From the Lost Science of Money book Jacket:


    Unheard of wealth concentrates into very few, largely undeserving hands. Americans work harder and produce more than ever but increasingly fall into debt and bankruptcy while corruption rules, and predators plunder society by merely shuffling papers. Less than 1% of the population now owns about 50% of the wealth, and receives 17% of the income! The Lost Science of Money shows how a false concept of money allowed it to happen, and tells how to reverse it.


    Here are the keys that unlock the mystery of the money power - the hidden force secretly exercised by those holding society’s monetary reins.

    The Lost Science of Money exposes the mythology created to protect those who are embezzling from society, under cover of a deceptive ideology of money. This group has immorally used economic theory as a tool of class war for the past three hundred years, while screaming accusations of “class warfare” against those who question their power!

    The author provides the weapons needed to protect self, family, nation, and humanity from the predations of this gang, that has shrouded itself under cover of “econo-speak” for so long.

    These ideas are presented accurately, but in "down-to-earth" language, without the confusing economic jargon that has usually served to obfuscate the subject. Historical cases with 119 illustrations help to convey the author’s unique message.


    The gates protecting America have been left undefended. September 11th demonstrated only one aspect of this problem. Our people have been under monetary attack from within and from abroad for most of our history, and the physical, financial and psychological damage has far exceeded the terrible losses at New York’s Twin Towers.

    An entire generation has been led astray into market worship and other forms of religious fundamentalism.

    A dysfunctional media focuses on the elections and sex habits of politicians while the real outcomes in society are determined behind the scenes by the structure of the nation’s money system.

    This problem goes much deeper than accounting and stock fraud, and even beyond the graduate schools of business that have inculcated such criminal behavior. The deeper cause lies hidden in the structurally corrupt core of our monetary and banking system and our schools of economics. It arises from the falsehoods they have spread on the nature of money, allowing their patrons to control the money power, and in turn to dominate our society, deforming humanity in the process.

    Those who really want to get to the bottom of the problem will find this book’s message timely and valuable. 

    Hardcover, 736 pages, Selected Bibliography, Index. High quality Smythe Sewn library binding with “eternal” (300 year) paper and double coated jacket, and cover art duplicated on the book boards.

    By examining the results evident in historical examples; in the first 23 chapters, the author arrives at a discovery of the essential nature of money; a feat not adequately achieved by the various schools of economics over the preceding three centuries. Civilizations rise and fall, on this concept of money. 

    Chapter 24 then applies that knowledge to understand what's needed for U.S. monetary reform emphasizing the minimal acts to put time on the side of justice. See below for details. 

    Table of Contents

    1. The Origins of Money Systems

    2. Rome's Bronze Nomisma: Better Than Gold

    3. A Monetary View Of Rome's Decline

    4. Re-Instituting Money In The West

    5. Crusades End Byzantium's Monetary Control

    6. Renaissance Struggles For Monetary Dominance

    7. The Scholastics - The Moral Economists

    8. 1500 - History's Pivot: Power Shifts From

    The Mediterranean To The North Sea

    9. The Rise Of Capitalism In Amsterdam

    10. Transferring Capitalism To England

    11. Hatching The Bank Of England

    12. Political Economists: Priesthood Of The Bankers Theology

    13. The Usury Debate Continues

    14. U.S. Colonial Moneys

    15. The Money Power vs. The Constitution

    16. U.S. Government Money vs Private Money

    17. The Greenbacks: Real American Money

    18. Nineteenth Century Monetary Crimes -

    The Great Deflations

    19. Establishment Of The Federal Reserve

    20. Federal Reserve System Wrecks America

    21. Germany's 1923 Hyper-Inflation Under A Private Central Bank

    22. International Monetary Organizations

    23. The European Monetary Union

    24. Proposals For U.S. Monetary Reform

    Plus an Index                   

    "A masterful work." - Dr. Michael Kumhof, Deputy Division Chief, Modeling Division, Research Department, of the International Monetary Fund, from page 13 of his IMF working paper The Chicago Plan Revisited.

    "You are right that I have a long-standing interest in monetary matters...This book looks marvelously helpful and has some stunning historical vistas of the whole concept of media of exchange.” - Hugh Downs - Mr. Hugh Downs, Former “Tonight Show” co-star; decades with ABC News, including co-hosting “The 20/20 Show.” Presently affiliated with the Hugh Downs School of Broadcasting at Arizona State University.

    “Thank you for the copy of your chapter on Rome’s money, which I read with great pleasure. I have learnt a lot from it. And I am glad you share my approach in perusing Classical texts.” - Prof. Emelio Peruzzi, Author of Money in Ancient Rome (1984); perhaps the finest book on that subject.

    “Stephen Zarlenga's groundbreaking, exhaustively researched book -- The Lost Science of Money -- explodes various myths surrounding both the history and nature of money, and proposes what I believe is a long-overdue reform of our monetary system. Zarlenga makes a compelling argument that most of the world's economic problems are heavily rooted in the inherently corrupt nature of debt-based, privately-controlled money systems. Under these systems, private banks are allowed to extract enormous amounts of wealth from the global and national economies in exchange for the nothing out of which they create the money they loan....The Lost Science of Money is an absolute must-read for all Americans. Why? Because nothing touches our lives more than money, yet very few of us know much about either the history or nature of money -- what little we do know being heavily influenced by the myths and half-truths propagated by debt-money and/or hard-money advocates. This book will help change all that. - The Book That Neither Debt-Money nor Hard-Money Advocates Want You to Read” - Todd Altman, Todd Altman's Reviews

    "If Zarlenga's book had been out there in the 60's and 70's, we would have known what to have done beyond being flower children."- Steven Walsh, Chicago Educator

    “Many thanks for sending me a copy of your stimulating book The Lost Science of Money. I have now managed to work through the volume with great interest and I certainly appreciate the wealth of historical research which has gone into its composition. I have learnt a great deal.” - G.K. Shaw, Emeritus Professor of Economics, University of Buckingham, UK

    “A full recitation of...what has happened (monetarily) in America can be found in Stephen Zarlenga's masterpiece, The Lost Science of Money.” "If the farm organizations...would all invest $50 in Stephen Zarlenga's Masterpiece, The Lost Science of Money, and a smaller amount in our Unforgiven, a clear public policy might emerge, and the Union that Lincoln saved once before might be saved again." -Charles Walters, Executive Editor, ACRES U.S.A.

    “This book is timely…The naïve view that money is merely a neutral medium-of-exchange is conclusively demolished…The long held belief in the commodity nature of money is also totally demolished and the damaging effects of this belief through history are analyzed in great detail.” - Brian Leslie, The Green Party of England, Green Economy Working Group of England's Green Party

    “Stephen Zarlenga’s book entitled The Lost Science of Money, is one of the most important books published in the world in the past 200 years. Someday it will be recognized for the classic that it is… reform along the lines Zarlenga recommends could transform the economy of the world into a system that would benefit everyone, not just the monetary plutocrats who preside over the globalistic cannibalism that runs amok today… Stephen Zarlenga has proven once and for all how wrong their assumptions are, how rotten and ill-conceived the present system really is, and how a few basic reforms could make an enormous difference in the life of the people of our nation and the world.” -Richard C. Cook, former U.S. Treasury official and author of "Challenger Revealed"Click to see the whole Review

    “This is an impressive and comprehensive volume detailing the history of money and monetary systems from earliest times up to the present. The Book is chronological and deeply interesting….This history paints a new canvas.” - John Stoner - for Groundswell Newsletter

    : “As global(monopol)ization increases its assault on democratic institutions, The Lost Science of Money, eagerly-awaited, is here at last. Stephen Zarlenga's magnum opus promises to give us all the abundant treasures unearthed by his many years of digging among the ruins of lost civilizations -- perhaps in timeto rescue our own...Stephen Zarlenga has broken new ground...He presents his findings in a style that is understandable to the layperson yet based on painstaking research. His conclusions, like Henry George's, are radical in the best senses of the word: going to the root;on behalf of liberty and community.” - Mark A. Sullivan, President, Council of Georgist Organizations

    “Examining the 3,000-year history of money, Zarlenga argues that economic theory has been used as a tool of class warfare and that a generation has been led astray into market worship.” - University of Chicago Alumni Magazine, December, 03

    “I am very impressed with the amount of research you have done,and I’m sure others will be also.” - Robert de Fremery, Lifelong Monetary Researcher and Reformer, formerly with Federal Reserve Bank of San Francisco, Author of Rights vs. Privileges (1992); and Money and Freedom (1955).

    “Congratulations on publishing The Lost Science of Money…There are illuminations on the nature of the banking system in the U.S., and the rest of the world for that matter, which should shock many a lay person like myself who would then come to the ineluctable conclusion that the usurpation of the money power by private interests has been a primary source of world depredation. Once again kudos on this significant contribution to the universe of discourse on the money power!” - Francis Peddle, Educator and Attorney; Director, Schalkenbach Foundation

    “Stephen Zarlenga’s new book is a popular, uncensored presentation of a very large subject…not just a technical tome about the nature of money itself, this is rather a monetary interpretation of history, something that has never been done before. Instead of starting out with modern-day assumptions about money, Zarlenga goes back to the earliest times and lets the story unfold naturally from there.

    The book seems destined to become a classic.” - John Tiffany, American Free Press

    “That Saturday afternoon session on monetary policy & reform was the first time I felt like I was really understanding the monetary ideas and argumentsbeing presented; you, and your colleagues on the panel, did a nice job of keeping things clear.” - Hanno T. Beck, Banneker Center for Economic Justice

    “You have written the book for which I was desperately searching…How you have managed to unearth so much hidden financial history is a source of amazement… It reads like a detective novel, and an exciting one at that! It’s wonderful stuff! Reading your book is like drinking nectar. It remains to be seen if it will light the path to reforms that might save the present incarnation of Western Civilization from destruction. That, in my guesstimation, is your motive. Regardless, the book is excellent. It will become a classic.” - Dr. Lewis Coleman

    “Monetary reformer Stephen Zarlenga has clearly detailed the processes by which banks control and usurp the natural return to capital, just as landlords control and usurp the natural return to land. Zarlenga cuts through the intrigues of banking by going straight to the principles of an equitable currency system. His ideas give a clear vision of how money should be issued, how land and money issues interlock, and how land reformers and money reformerscan work together to free humanity.” - Dan Sullivan, Director, Center for Local Tax Research

    “Stephen, Received your book (although "book" sounds far too common, I can't seem to find the right words to express your work's grandeur). Now I see that money has been corrupted through private individuals usurping a public institution for their own benefit. Hats off! First, for your clear and intelligent exposition,and secondly, for your courage to present the truth.” - David Hershey, Leading Pension Plan Investment Strategist

    “Congratulations on the monumental effort in “The Lost Science of Money,” the completion of which is utterly critical for advancing human understanding. There are many “new age” individuals who raise hope by explaining there is a miraculous raisingof the consciousness of the masses going on...but consciousness is advanced only with hard mental work, research, study and perseverance.” - A Financial Specialist

    “This book ... (is) Highly provocative and highly recommended.” - Carl Watner, Editor, The Voluntaryist Newsletter

    “A quick 'read-in' yesterday night got me hooked quickly... not a book to read in one gulp... but an enormous resource! We will certainly be promoting it; we're into alternative currencies, community energy exchange networks and such..." Congratulations from the underside (or is it the upperside?) of the world!” - Jacques Boulet, Manager, Borderlands Co-operative

    Stephen Zarlenga draws on 35 years of experience in the world of finance, securities, insurance, mutual funds, real estate, and futures trading. He has published 20 books on money, banking, politics and philosophy (including The Anglo American Establishment, by Prof. Carrol Quigley). While in his mid 20s he incorporated the Athenian branch of an English life insurance company, earlier opening several European markets for the parent firm, IOS.

    A few years later he built the U.S. distribution network of the then leading American mutual fund concentrating in gold shares. As a member of the New York Futures Exchange (a subsidiary of the New York Stock Exchange) he specialized in trading the complex CRB futures index for several years. Thus the author is more than familiar with both the practical and theoretical sides of our market economy.

    Yet he calls into question and challenges the basis, and Achilles’ heel, of American Capitalism: the private control and resulting misdirection of the nation’s monetary system.

    Stephen Zarlenga holds a degree in Psychology from the University of Chicago (and has done postgraduate work at NYU), where he was in the final graduating class under the revered Hutchins’ curriculum which focused on critical reading and thought. This training, combined with his work experience, and years of research, enabled him to re-formulate the Lost Science of Money. The author began focused research on the money problem in 1991, eventually drawing on over 800 monetary source books and materials to formulate this thesis. In 1996, he helped establish the American Monetary Institute to further the research. In 1999, Conzett Verlag of Zurich, Switzerland translated and published the work in German. This expanded English version released in 2002, establishes the author as a leading voice in the field of monetary history, theory and reform.


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