Bankruptcy of Our Nation (Revised and Expanded). Jerry Robinson

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СКАЧАТЬ of artificially low interest rates, the financial markets have been completely distorted. These negative monetary policies have systematically devalued the U.S. dollar. In the upcoming chapters, I will provide creative financial solutions for preparing your family and finances for the inevitable hyperinflation that will arise from the Fed’s destructive monetary policies.

      No Accountability Over the Federal Reserve Bank: Since it was established as America’s central bank in 1913, the Federal Reserve has operated without any meaningful congressional oversight. At the height of the 2008 economic crisis, the Fed has admitted that 90 percent of its emergency loans were issued to foreign banks. As long as the Fed is allowed to conduct its operations in secret, America’s economy will remain hostage to the elite foreign banking interests.

      The Abolishment of the Gold Standard: In 1933, the U.S. dollar lost its national gold backing. And later, in 1971, President Richard M. Nixon closed the international gold window. Put simply, in 1971, the United States led the entire global economy into a 100 percent paper money environment for the first time in world history. Today, thanks to our nation’s paper currency system, it now takes one dollar to purchase what five cents could purchase in 1945.

      America’s Debt-Based Monetary System: After the gold standard was abolished, America’s monetary system moved from being “gold-backed” to “debt-based.” This book will explain America’s current debt-based system in stark detail. You will learn how money itself is nothing more than debt. To understand this concept, we will examine the Federal Reserve System and the mind-blowing money creation process they employ.

U.S. Military Overextension: America’s military-industrial complex has been growing uncontrollably since the day that President Eisenhower warned U.S. citizens of its lust for power. Our country’s nation-building efforts have drained troop morale and drastically increased our debts. Presently, America has over 700 military bases in more than 120 nations — over half of the world’s nations! The American obsession with maintaining global hegemonic power through military force is justified in the name of protecting the important causes of freedom, democracy, and justice worldwide. Or as former President William McKinley put it, “The American flag has not been planted in foreign soil to acquire more territory but for humanity’s sake.”3 However, acting as the ever-vigilant and omnipresent global policeman requires an annual budget of over $550 billion.4

• That is five times larger than China’s $92 billion annual military budget5

• Nine times larger than Russia’s $63 billion6

• And 55 times larger than Iran’s $11 billion7

      In fact, funding the American military machine costs almost as much as the rest of the world’s military expenses — combined. And while these exorbitant costs spent to maintain militaristic dominance are typical of an empire, they are clearly unsustainable.

      Wars Conducted without Constitutional Authority: The U.S. Constitution requires a declaration of war to be made by Congress prior to a military action. However, the last war that was officially declared by Congress was World War II. This dereliction of duty by our national leaders is shameful and it demonstrates the clear disregard that both political parties have for our nation’s own guiding principles and ideals.

      Wars Conducted Without an Appeal to National Sacrifice: America’s modern wars are fought without an appeal to national sacrifice. Instead, massive capital inflows from foreign creditors help fund America’s military machine. Put simply, America could not afford its current lifestyle of overconsumption and conquest without the kindness (and money) of strangers.

      America’s Borders Are Not Secure: As U.S. taxpayers are forced to spend hundreds of billions of dollars to protect national borders halfway around the world, our own borders remain porous and insecure. Our national priorities are clearly backward.

      Excessive Foreign Aid Dollars Extracted from America’s Middle Class: Every year, Washington takes money from the working poor and middle class in order to give it away to leaders of corrupt countries in the form of foreign aid. This practice enriches the ruling class at the expense of average working Americans.

      The Coming Breakdown of the Petrodollar System: In this book, you will come face to face with the system that will lead to the collapse of the U.S. dollar. It is known as the petrodollar system. The shocking details of how this system works will be revealed in an upcoming chapter.

      Dependence upon Foreign Oil Supplies: U.S. and global demand for energy resources are increasing at a rapid rate. Unfortunately, projected global energy production will not be able to keep pace with global demand. A growing depletion of cheap energy resources, coupled with a threatened petrodollar system, will more than likely force America into becoming militarily aggressive in future resource wars with other growing nations (i.e., China, India, etc.).

      Lack of a Sound Energy Policy: No country can maintain its position in the global economy without developing a sustainable strategy for meeting its own energy needs. Sadly, instead of allowing the free markets to dictate our energy supplies, the federal government has intervened with massive subsidies, taxes, and burdensome regulations that create distortions in the market price of energy. Federal drilling restrictions serve as roadblocks to domestic energy exploration. Unless true leadership can emerge to give our nation a sound energy policy, we face increasing danger to our economy in the months and years ahead.

      As the hard facts above demonstrate, the American economy represents nothing more than a feeble house of cards completely vulnerable to the inevitable external forces that await every declining empire.

      The Life Cycle of Democracies

      Consider how the Scottish historian Alexander Tyler documented the typical life cycle of a democracy:

      A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship.

      Tyler continues with this amazing statement:

The average age of the world’s great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependency, from dependency back to bondage.8

      Does this sequence sound familiar? In which stage of the life cycle do you believe America is currently?

      In summary:

      • The purchasing power of our U.S. dollar is declining in value.

      • The U.S. government continues to print more money.

      • We are engaged in an expensive and endless global war on terror.

      • American jobs are being exported to foreign nations.

      • Americans are spending too much and saving too little.

      • We have СКАЧАТЬ