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Newsflash

STEVEN S. ROACH IS CHIEF ECONOMIST FOR MORGAN STANLEY.  IN RECENT YEARS HE HAS PREDICTED A 90% CHANCE OF "ECONOMIC ARMAGEDDON" IN THE U.S.  HERE IS THE LATEST.
 
America's Financial Reckoning Day

Charles H. Coppes
Charles H. Coppes
T

he history and founding of America is almost a fairy tale of providence and good fortune.  As Senate Chaplain 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 U.S. Constitution.
      

Yet, as our nation enters the 21st Century there is a great foreboding that our highly leveraged financial infrastructure is facing unprecedented challenges in addition to serious geopolitical developments that could threaten our very existence as an independent and sovereign nation.  How has this happened to the most powerful nation on earth, and what will be the likely outcome of these events?  To answer these questions it is necessary to thoroughly examine the monetary history of the U.S. up to the present hour and also give some serious consideration to ancient prophecies that are contained in the Holy Bible.       

In 1913, 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 which have wrongly been blamed on outside forces, commerce, capital investments, the free market and even elected officials.  The creation, structure, and operation of the Fed is a sad legacy of hidden taxation and market manipulation which needs to be clearly understood.

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 domestic currency 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, as Austrian economist and social philosopher Ludwig von Mises (1881-1973) has stated in his magnum opus 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 want to thank you for visiting my Web site to learn more about these vital issues and our nation's future.  You are invited to learn more about me, my most recent book, important news items that are posted each week on this Web site, and how to purchase an autographed copy of my book that will include special reports and information. 

You are also encouraged to visit my business Web site at IDP Consulting Group for financial diversification and assistance in acquiring precious metals.  Thanks again and please tell a friend!

 

Charles H. Coppes

______________________________________________________________________

Recent review from Amazon.com 

 

3 of 3 people found the following review helpful:
5.0 out of 5 stars Reaping what we have sown, August 20, 2009
By Toni Schamadan (Scottsdale, AZ United States) - See all my reviews
(REAL NAME)  

America's Financial Reckoning Day is to American economics what A Brief History of Time was to physics. It provides, in layman's terms, an explanation of who we are, how we got here (based on history, not emotion), and where we are most assuredly headed. This is not a book for dummies, but it is definitely readable for everyone who is interested and engaged. This writer has a way of turning a phrase, and that is saying a mouthful when the subject is economics. He somehow tricks you into reading one paragraph after another, and all of a sudden you feel, well, I'm going to say it: enlightened.

America's Financial Reckoning Day is an opportunity for the intelligent, inquisitive student of American politics and history to understand our place in the world. Mr. Coppes has clearly done his homework. I feel like I have been paying very close attention to political events for the past thirty years, but to my surprise, this book caused me to raise my eyebrows on almost every page. The actions and reactions of our economy and the economies of the other big players on the world money stage are described with names, dates, and times, easily verifiable and in detail.

This book is not for people who can describe their philosophy on a bumper sticker. It is not for people who want to read an "I'm Okay, You're Okay" self help book to instant success in troubled times. This book is for the brave of heart; for the individual who is willing to be surprised and to change how they feel about ideas they have held dear, perhaps for decades. It is for those who know when the going gets tough, the tough are already locked and loaded. For others, for those who just want to stumble along and hope that tomorrow everything will be better; probably not the book for them.

If I had one prayer answered this week, I would ask God to make this required reading for high school seniors, two pages per day, for the entire school year. There would be no need for a test; the students who read it would be wide-eyed and already preparing for the future.

 


 
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