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The 21st CENTURY GREAT GLOBAL DEPRESSION is presented as a historic analysis of recent economic events but also as a prognostication tool with the intended purpose to serve both as a warning and a wake-up call to our country's leaders, representatives, politicians etc. highlighting our dire need for fiscal and political reform today. It is imperative that we face our crippling budgetary problems head-on and without delay before it's too late. Do we as ...
The 21st CENTURY GREAT GLOBAL DEPRESSION is presented as a historic analysis of recent economic events but also as a prognostication tool with the intended purpose to serve both as a warning and a wake-up call to our country's leaders, representatives, politicians etc. highlighting our dire need for fiscal and political reform today. It is imperative that we face our crippling budgetary problems head-on and without delay before it's too late. Do we as a nation have what it takes to make the necessary reforms to allow the American Empire to thrive on and to ensure prosperity to future generations of Americans or do we maintain the status quo and preside over the abject collapse of our global economic system?
Posted January 21, 2011
Orest Andrew Harrison serves as a Paul Revere in this tough to read but necessary book 21ST CENTURY GREAT GLOBAL DEPRESSION. His call to arms of 'the economic storm is coming, the economic storm is coming' is made very clear in a manner in which every reader can understand. At times the writing gets a bit on the heavy apocalyptic tone, but someone must give us a wake-up call - both the great power governments as well as the individuals - in order for us to face a reality that has been birthing for decades.
Harrison takes us back to the beginning of Credit Card proliferation, an invention that allowed individuals to live beyond their means, live high on borrowed money from institutions that charged exorbitant fees to 'loan' us money with high ceilings of credit, move into houses we could not afford, take advantage of "sales" whenever and wherever they occurred. He makes it personal and that is exactly where the perspective of judging the contents of this book must begin. He then delves into the realities of government mismanagement of funds - using examples of spending beyond income, maintaining a post cold war military presence in too many places and engaging in wars that continue to drain resources we don't have, funding programs that are unsupportable by congressional management, selling bonds to other countries, the bailing out of other countries without the resources to back that up, stimulus bailout packages to banks and financial institutions, etc etc.
Harrison is not afraid to name names of those responsible for many of the errors made to date: President George W Bush, Alan Greenspan, Christopher Cox, Senator Phil Graham, Treasury secretary Henry Paulson, Federal Reserve Chairman Ben Bernake, Wall Street executives, credit rating agencies - the list is impressive. He also shows the reader how the perception of the United States has suffered in the eyes of other countries as no longer the wealthy superpower and military giant. And yet after all of his data and terrifying information he returns to the image of America as a land that WILL survive - because of the pioneer spirit of the people of this country.
There is much to digest in this book. The style of presentation of information and the writing itself is laid out in such a way that headings and banners are printed like newspaper reportage of disasters, but despite this at times annoying style, the reason behind Harrison's choice of sensationalizing his book's look is to gain the readers' attention to a problem that simply will not self-correct. If the path toward implosion is to be averted then the beginnings are in the hands of each of us: live within our means, do without the 'luxuries' until we can afford them. In other words, if you can't afford something, don't buy it! This book may be a bit heavy handed, but the message must be heard and understood. Grady Harp, January 11