Ross Perot brought it to our attention back in 1992. But he was concerned with Mexico which today may be the least of our problems. That sound we hear now is the value of our currency declining in a cloud of national debt. Taxpayers are on the hook for European bail outs with Greece near default because their debt to GDP ratio is 124%. Japan is 106%, France 79% and the UK, 75%. The US was 34% at the end of the Carter administration in 1980. Today it is nearing 92% and heading up.
In 1988, I read a book titled The Shadows of Power, by James Perloff. I skimmed through it, didn't give it too much credibility and thought the author was a radical. In 2006, I came across the book again and read it thoroughly this time. This book is about corruption, war, banking, political influence, traitorous activities, sedition and one world government via the UN.
Perloff took a hard look at the history of the CFR (Council on Foreign Relations), the World Bank and the IMF (International Monetary Fund). He connected them and was careful to print references for every sordid allegation he made such as his claim that the CFR doesn't care which political party is in power because their members have strong influence in both.
Observing the world situation today, the economy, politics, banking, stock market and especially the antics of the Federal Reserve Board, I'm convinced Perloff was right. The behavior of the last four administrations in Washington demonstrates that he was right on the money. "Shadows" is not an easy read and is not popular because most people don't like the truth.
But, if you want to understand why our politics, economy and society are heading south, reading this book will help give you a good sense of direction in planning for the future. If you don't think the national debt of the United States is serious, click on this link:
http://www.usdebtclock.org/
©Bane-Clene® Corporation 2010 Reprinting or electronically publishing this article is strictly prohibited without permission from Bane-Clene Corp.