Our monetary system is insane! That’s the premise of Repo Madness, a book not meant for scholars, analysts but for you, the person who has been kept in the dark about the shadow banking system. Understandable and informative, this book is also irreverent, never missing an opportunity to underscore the absurdity of it all. You will learn how shadow banking evolved into what it is today, an out-of-control massive system that sucks the lifeblood out of our economy. You will bear witness to participants who in rare moments of candor admit the system is broken and comes at great cost.

Years of research have resulted in the most compelling evidence you will find anywhere that the shadow banking system does not benefit society. There is no fat on the bones of this book. Richly sourced, every minute offers the most powerful observations by Fed officials, economists, journalists, and academicians. It also examines how the media is complicit in keeping the status quo. Repo Madness traces the evolution of the repo market, the largest in the world, yet no one knows about it.

Fueled by debt, the multi-trillion-dollar short-term repo market is the engine that drives the entire global economy. The book explains the structure of repo including collateral and how it is re-used for multiple transactions, difficult to track and subject to confiscation by financial institutions during the next financial meltdown. It is dark and it is real and nowhere else will you learn about regulations in place for decades that obfuscate trading activities using investor assets without their permission. It is codified in black and white. Best of all, is the quality of those sourced in this book. Their clarity of thought is deeply rooted in common-sense solutions and most important a moral imperative that demands the establishment of an inclusive, democratic financial system for all Americans.