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雷达卡
Hi,
I am here on People's University's forum to seek help fromthose who's interested in helping me with translating the book Modern Money Mechanis intoChinese.
Modern Money Mechanics is a workbook on Bank Reserves and Deposit Expansion published by Federal Reserve Bank of Chicago, USA in 1961. There are many people studying this booklet out there in real society. Modern Money Mechanics tries to describe the basic process of money creation in a "fractional reserve" banking system, and illustrate the changes in bank sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States (Dorothy, 1992).
Let me tell you a little something about me. I am someone who's trying to understand what is going on between Chinaand the US. For what reasons that hard working workers in China areliving worse lives, in comparison to those who never really work, butcan afford living in a giant house in Wisconsin. By worse lives, I mean worse living conditions. Chinese working class cannot afford commodities or houses a "lazy" ordinary american can afford. You know, I feelunfair that a lot of working class people are working 8 hours a day, 6days a week manufacturing goods in China and getting little pay, whilethose who hardly ever work in the US are squandering those productsshipped there all the way from the greatest and the most generous nation in the world - China! Though, China is indeed devoloping and growing while we say that the US is exploiting China. Thank to the Chinese prosperity, I am able to study abroad in the US as an undergraduate freshmen at Krannert School of Management in Purdue University. I came across Modern Money Mechanics two years ago, and I possess the original copy of the booklet from the author, since it is a gift to Purdue University. Access to the original copy of Modern Money Mechanics is, in fact, availabe to all Purdue students, faculties and staff. The book is actually in Hicks Repository. Sorry, I just realized that I went off the tangent.
After reading Modern Money Mechanics several times, and reading different antagonistic opinions, I'd like to say I am not sure about if the entire US federal monetary system is fraudualent as many people are saying; but I'd really like to find out. Besides, I am not an advocate for gold standard, bi-metalic, or tri-metalic system.
Btw, I'd like to bring up the US Constitution at this point, because Article I Section 10 states that "No State shall...make any thing but gold and silver coin a tender in payment of debts." Isn't it really awkward that not many people are aware of that? What's the forces/reinforcement behind that is so strong, even made the US government operate their country beyond its constitution? Don't tell me our ZHENGZHI text says it's because fiat money is easier to carry. Everyone knows I can't carry a piece of gold around and buy grocery at Walmart with gold when I don't feel uncomfortable carrying gold coin.
If you are interested in helping me with translating this book, even just share your opinion about this book or anything you want, please don't hesitate to email me at
lix@purdue.edu
One more thing, feel free to use either Chinese or English
《现代货币运作指南》（Modern Money Mechanics）是由美国联邦储备银行芝加哥分行出版的一本关于银行储备金（Bank Reserve）和存款膨胀（Deposit Expansion）的运作指南（workbook）。我在尝试翻译这本40页的小册子，希望大家有空的时候可以帮我更正一下我在中文经济词汇上的错误用词。如果你感兴趣和我一起翻译这本小册子，或者有任何意见或者建议，请发邮件给我。我的邮箱地址是：lix@purdue.edu
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