Empire of Debt

A year ago I read Financial Reckoning Day by William Bonner and Addison Wiggin. The subject was so interesting and the book was written so well, it was hard to put it down.

Empire of Debt, the new book by these authors, is a great read as well:

A republic, a monarchy, or even a dictatorship is a relatively modest undertaking. Its scope is limited, and controlled by leading citizens either through their influence on the autocrat or by shaping public opinion. An empire, on the other hand, steps onto the world stage and plays a role that is beyond the control of its citizens. Private life becomes auxiliary, moving to a supporting role while the grand public spectacle plays itself out. In the United States Constitution, it is expressly stated that the people are sovereign, not the government. Ultimately, what people want in their private lives is what is supposed to matter. But the idea passed away when the American Republic died and the empire was born. By 1960, John Kennedy was able to lecture voters to "ask not what the country can do for you; ask what you can do for your country." Suddenly, the government that was created by, for, and of its people was way out in front of them. They found themselves servants to it, no longer its masters."