..

    SYNOPSIS

    The 1913 Federal Reserve Act let powerful bankers usurp money creation
    authority in violation of the Constitution's Article I, Section 8, giving only
    Congress the power to "coin Money (and) regulate the Value thereof...."
    Thereafter, powerful bankers used their control over money, credit and debt for
    private self-enrichment, bankrolling and colluding with Congress and
    administrations to implement laws favoring them.

    As a result, decades of deregulation, outsourcing, economic financialization,
    and casino capitalism followed, producing asset bubbles, record budget and
    national debt levels, and depression-sized unemployment far higher than
    reported numbers, albeit manipulated to look better.

    After the financial crisis erupted in late 2007, even harder times have left Main
    Street in the early stages of a depression, with recovery pure illusion. Today's
    contagion has spread out of control, globally. Wall Street got trillions of dollars
    in a desperate attempt to socialize losses, privatize profits, and pump life back
    into the corpses by blowing public wealth into a moribund financial sector,
    failing corporate favorites, and America's aristocracy.

    While Wall Street boasts it has recovered, industrial America keeps imploding.
    High-paying jobs are exported. Economic prospects are eroding. Austerity is
    being imposed, with no one sure how to revive stable, sustainable long-term
    growth.

    This book provides a powerful tool for showing angry Americans how they've
    been fleeced, and includes a plan for constructive change.
clarity
clarity
P  R  E  S  S,   I  N  C  .
.

How Wall Street FLEECES America
Privatized Banking, Government Collusion
and Class War
by Stephen Lendman

ISBN: 978-0-9833539-4-2   192 pp.
$16.95   2011






ORDER  E-BOOK




see below for
SYNOPSIS   AUTHOR  TABLE OF CONTENTS

    AUTHOR

    Stephen Lendman is a writer and broadcaster.  His work is exceedingly widely
    distributed online, with his articles carried on numerous listservs and
    websites such as Information Clearing House, Countercurrents, Rense,
    AltNews, Uruknet, Global Research, Counterpunch, and more.  In early 2007,
    he began regular radio hosting, now The Progressive Radio News Hour on
    The Progressive Radio Network.  He is co-author with J.J. Asongu of The Iraq
    Quagmire: The Price of Imperial Arrogance.

    He holds a BA from Harvard and an MBA from Wharton.

    TABLE OF CONTENTS

    Dirty Secrets of the Temple

    Capitalism and Freedom Unmasked

    Greenspan's Dark Legacy

    A Short History of Government Handouts to Bankers and Other Corporate
    Favorites

    Quantitative Easing: Elixir or Poison?

    Fraud in Washington

    Obama's Anti-Populist Budget and Deficit Fix

    The Recession Is Over, the Depression Is Just Beginning

    Manipulation: How Markets Really Work

    Goldman Sachs:  Master of the Universe

    Financialization:  The Rise of Casino Capitalism

    Class Warfare Jeopardizing American Workers' Security

    Waging War on America's Workers

    Permanent Debt Bondage from America's Student Loan Racket

    On the Chopping Block: Social Security, Medicare and Medicaid

    The Federal Reserve Abolition Act

    Public Banking: An Idea Whose Time Has Come.
an independent publisher on global issues and alternatives
.

    REVIEWS

    "Stephen Lendman has been tireless in exposing the hidden forces behind the
    news, on everything from political economy and human rights to social justice
    and workers’ rights. His writings draw from a wealth of knowledge and deep
    conviction. I’m delighted to see him tackle the problem of private banking and
    government collusion and what I believe is the key to the solution—public
    banking."                                                                          ELLEN BROWN,  Web of Debt

    "Steve Lendman is one of America’s leading critics,whether it involves exposing
    collusion between Wall Street and Washington, the Obama regime’s support of
    the Israeli occupation of Palestine, or the frame-up of Muslim citizens by the
    attorney general. Fearless,thoroughly documented and judicious in his
    judgement, Lendman’s essays are a major contribution to the struggle for
    social justice in America."                                                                      JAMES PETRAS

    "I think this text is terrific, just what is needed, very clear, informative beyond most
    people’s ken, easy to read, and of ultimate importance to steering economic
    and political recovery. The Capitalism and Freedom chapter is right in biopsy.
    The book just keeps on going with brilliant full exposure."
                                                                                                                   JOHN McMURTRY
                                      Unequal Freedoms: The Global Market as an Ethical System

    "A comprehensive understanding of Wall Street's manipulations of markets,
    money and power to the detriment of working people everywhere is badly
    needed. Stephen Lendman's new book "How Wall Street Fleeces America, is the
    answer."                                                                                                  PETER PHILLIPS
                                              President Media Freedom Foundation/Project Censored

    "Stephen Lendman has written a brilliant, passionate, and humane analysis of
    the current economic disarray in which we now live. Picking up where Thorstein
    Veblen left off, Lendman links our catastrophic economic situation to the robber-
    baron mentality in corporations and the failure of government to act as the
    enforcer of morality. His analysis is full of concrete illustrations of this latter-day
    barbarism, and is accessible to the everyday person, as well as intellectuals.
    This book should be required reading in business schools as well as
    Congress."                                                                               STJEPAN G. MESTROVIC
                                                                             Professor of Sociology, Texas A&M University

    "Stephen Lendman’s latest work covers a great many interconnected subjects
    that affect not only the United States but everyone in the world. The aspect of
    investment in America today is shown to be nothing less then the robbing of the
    American people by a criminal syndicate, known as Wall Street, banking and the
    Federal Reserve. A good deal of this is based upon the Federal Reserve Act and
    the ability of major private banks to control American society. The players have
    turned the financial world into one vast casino and when the players lose large
    amounts of money the public is allowed to bail them out. This book digs deeply
    into many of the contributing parts of what is wrong with the financial system of
    America and the world today. Stephen Lendman has a great gift for writing and
    research and all his readers are the beneficiaries.."
                                                                                                                        BOB CHAPMAN
                                                                                  Editor of the International Forecaster

    "Stephen Lendman has a breadth and depth of understanding of world and
    national affairs virtually unmatched among other public intellectuals today.  With
    this exceptional collection of reflections upon our financial and budgetary crises,
    he clarifies and illuminates the dark and obscure recesses of policies and
    programs that, although ostensibly intended to promote the interests of the
    people, all too often have the opposite effect, enriching and strengthening the
    wealthy at the taxpayer's expense.  Let us hope this book will be followed by
    many more!"                                                                                         JAMES H. FETZER
                                               McKnight Professor Emeritus, University of Minnesota Duluth

    ""Stephen Lendman is a true citizen journalist and scholar.  After a long and
    successful business career, Lendman took it upon himself to use his retirement
    as a springboard for a new career as an analyst of political economy.  With great
    acumen, Lendman calls out economic charlatans and cuts straight through the
    core of so-called bull markets to tell the truth about how the powerful fleece the
    public on a daily basis. Lendman not only traces the history of the current
    financial calamity, he offers common sense advice on what we can do about it.  A
    solid, fact-based read for anyone trying to make heads or tails of what's
    happening in today's economy."                                                              MICKEY HUFF
                                                             Associate Professor of History, Diablo Valley College
      Director, Project Censored

    "There are many descriptive, narrative accounts about Wall St. and the current
    economic crisis available to readers today. But Stephen Lendman's new book
    takes the analysis far deeper than a simple narrative. Lendman emphasizes and
    focuses on the connections between Wall St. actions and the political system in
    Washington.  How money operates on both sides of the street -- the banking and
    the political--is described in detail. The reader is left with a broader, deeper
    understanding of why the recent crisis happened and where it may well be
    headed. Most importantly, the author does not shirk from calling the outcomes of
    the Wall St.-Washington alliance for what it represents: the emergence of a new
    kind of class war in America. Readers will find of special interest his innovative
    views on banking and public banking. Lendman's book is definitely one not to be
    missed."
    DR. JACK RASMUS
       Professor of Economics, Santa Clara University
                                                          Author: Epic Recession: Prelude to Global Depression
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Awarded the MEXICAN PRESS CLUB's Award for
International Investigative Journalism, Dec. 8, 2011.  
ABOVE:  Stephen Lendman receiving International Journalism award from the Mexican Press Club.
BELOW:  Stephen Lendman and fellow award-winner Mahdi Darius
Nazemroaya at Awards Ceremony, which
was broadcast live by television and readio throughout Latin America.