AMERICA'S FINANCIAL RECKONING DAY
Updated and Revised Edition
About the Book
The history and founding of America is almost a fairy tale of providence and good fortune. As the late Dr. Peter Marshall has recounted in his classic book, The Light and the Glory, no other nation has been blessed with such an abundance of material wealth and rich spiritual heritage as the United States of America. In 1787, our Founding Fathers established a near-perfect system of representative government and sound monetary policy as outlined in the US Constitution.
Yet, as our country enters the 21st Century there is an increasing awareness that our debt-based monetary system is facing unprecedented fiscal challenges in addition to serious macroeconomic, geopolitical and cultural tensions that threaten the very survival of our nation. How has this happened to the most powerful nation on earth, and what will be the likely outcome of these domestic and global events? To answer these questions, it is necessary to thoroughly examine the monetary history of America for the past 150 years, and also turn our attention to some ancient prophecies that are foretold in the Holy Bible.
In 1910, a small group of Wall Street bankers conspired to create the ultimate money trust, or banking cartel, now known as the Federal Reserve System. The creation of our nation’s central bank has been responsible for boom and bust cycles, malinvestment, rampant inflation, market manipulations, wealth inequality and other crimes. The creation, structure, and operation of the Fed is a sad legacy of hidden taxation and market intervention that needs to be clearly understood by all. Our reckless fiscal policy is on an unsustainable path since the Great Financial Crisis of 2008, and now continues through four presidential administrations. A financial reckoning day will have serious consequences for the US dollar as the world's reserve currency and this will likely lead to massive hyperinflation.
This is a distinctly non-partisan issue. It is a topic of extreme importance since each and every American is trusting in the value of their currency system and working hard to invest and save for their financial futures. It is why we get up and go to work every day. It is our fundamentally our human action. It is, as Austrian economist and social philosopher Ludwig von Mises (1881-1973) has stated in his classic volume Human Action, our individual responsibility to understand the basic teachings of economics:
Very few men are capable of contributing any consequential idea to the body of economic thought. But all reasonable men are called upon to familiarize themselves with the teachings of economics. This is, in our age, the primary civic duty. Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen (www.mises.org)
Indeed it is. And I invite you to learn more in my book that was originally published in 2007 and has since been updated and revised to reflect the times that we are living in. Below is a table of contents and I have a special book offer if you wish to buy the book by clicking below. As a reminder, all new clients with IDP Consulting Group, LLC receive a free signed copy.