The modern banking system: how we got into this mess, and how we get out of it.

This must be one of the clearest and well-written books about economics, finance and banking that I’ve read in years.

As a writer myself, I know just how difficult a skill it is to be able to take intricate and layered concepts and break them down to a level that is clear enough for people brand new to this space to read and understand.

We are about to enter a phase of the 18.8-year real estate cycle where the world that you see and interact with daily is about to irrevocably change.

This is a consequence of the land market peak then inevitable bust, something I’ve been writing to you about now for years.

But such a time means another thing.

Very few people worldwide will truly understand what’s happening, much less be able to explain what you should be doing about it.

It may sound cliched, but honestly, the only person you can trust during such times to place your financial future first and foremost is yourself.

So, why not spend this end of year downtime to set yourself up to hit the ground running in 2026 and learn just how easy it is to make the world a more equitable and fairer place to live.

To get to know the ideas set out in Realnomics, you can listen to a recent episode with Jonathan Brown on the Shepheard Walwyn podcast recorded last month.

The author has an impressive academic background with a degree in Philosophy Politics and Economics from Oxford University and work experience at top banks such as JP Morgan and Goldman Sachs.

Karim shares his journey of discovering the disconnect between academic economic theory and real-world market activities. He discusses his path from disillusionment during the 2008 financial crisis to exploring empirical economic theories.

Karim highlights flaws in neoclassical economics and the importance of credit and money flow in understanding the economy by drawing lessons from Japan and China’s economic successes to create a better world for ordinary people.

To listen to this fabulous explanation of where economics goes wrong and how it can be put right, simply click upon the embedded link below.

Here’s a quick breakdown of some of the interesting topics that Johnathan and Karim spoke about on the podcast:

• From academic theory learned at Oxford to real-world economic disillusionment
• Richard Werner’s insights on money creation and banking (Richard Werner is the bestselling author of Princes of the Yen)
• Exposing the false assumptions of mainstream economic theory
• How banks shape the economy by directing money flow.
• Applying credit guidance for rapid economic development.
• Credit guidance and sovereign money for a better economy.

These headlines, of course, don’t do Karim’s insights justice. You must listen to this podcast.

And if you like what you hear, then I strongly suggest you buy the book here. 

I finished reading it and had a feeling of optimism and real hope for just how easily we can all make the future so much brighter than what it appears today.

I urge you to embrace a similar future and take this opportunity to delve into this excellent new book about modern banking.