Promise to Pay (Vol. I)

Well illustrated with tables, color charts, and pictures, and supported with meticulously collected data from a diverse cross-section of sources, the book lays bare the threads connecting banks to the funding of wars and the hunger still prevalent in large pockets of the world. The story, spanning over four centuries of money, banking, conflicts, and famines, is intricately intertwined in socio-economics and history. Every student of money and banking, an expert, or a novice can hope to discover in the book essential fresh information about - gift economy, barter, and the evolution of currency; bank-created money; the development of modern banking on the global level; Bank of England; The Federal Reserve; Bank of Russia; the first global war and its relation with banking; the two world wars and the banks; the origins and early development of fiduciary money and banking in India; use of fiduciary funds and banking by the British Raj to fleece the Indian economy; creation of The Reserve Bank of India as the central war-funding-machine by the Raj; comparison of the assets and liabilities of the RBI before and after WW2; and much much more.