Gold Street is a suspense novel with a theme about the U.S. economy. Now I am not an economist. For most of my life I knew nothing about how our economy worked. Until it crashed in 2008. The role of the Federal Reserve Board in picking up the pieces loomed large and I knew nothing about it. I decided to learn.
I began with "The Creature From Jekyll Island". What an eye-opener. I realized I also didn’t know how banks worked, how the money supply was managed, what a bailout and a bank run were, or what caused inflation or a depression.
I was astounded by my ignorance. I consider myself informed, yet here was information of vital importance that affects my well-being that I knew nothing about.
This ignorance is not unique to me and did not happen by chance. It’s part of the underlying design of our economic policy. As Henry Ford said, and I paraphrase, if the American public had any idea how their economy worked, they would immediately revolt.
We are currently in an economic abyss and did not arrive here by accident, but through a flawed, unfair and unjust economic policy that is impoverishing the majority of citizens and miring this country in unending and unnecessary debt. Information on how our economy functions is suppressed. It is not discussed on the mainstream news or by elected officials, and not taught in universities.
Still, the information is out there. A few good books have been written about the subject, and the web is filled with the railings of the furious informed. One problem with economic theory is that the subject is so boring and technical it’s not fun or easy to read. I can’t get past a sentence of a Federal Reserve report before I’m yawning and confused.
I wrote this novel to present the main elements of our economic policy in a manner intended to be both entertaining and easy to understand. The facts of this policy are quite simple. My hope is that one way or another you will learn what Henry Ford didn’t want you to know and do something about it.
Peace and prosperity,