Third edition with Index. The Book that Shows the Way out of the World Depression. Here is the indispensable handbook for the present breakdown crisis and disintegration of the world financial, currency, and banking system. Webster Tarpley builds on his prophetic work of 1999, which showed the world heading for a financial cataclysm and economic depression due to deregulated derivatives speculation, the destruction of modern productive industry, the collapse of the US standard of living, and a globalise hot money casino run by a tiny financier oligarchy. Tarpley calls for a return to the American System of political economy as exemplified by such figures as Hamilton, Clay, Lincoln, FDR, and JFK. He shows the criminal futility of the Bush-Paulson-Bernanke bailout of the $1.5 quadrillion derivatives bubble, now continued under cynical and demagogic left cover by the Obama -- Geithner -- Summers -- Bernanke clique. Obama is exposed as the worst Wall St. puppet in recent US history, an anti-FDR peddling a New Deal in reverse for the benefit of zombie bankers, while the American people get the crumbs.
Surviving the Cataclysm advances a benchmark program for world economic recovery, full employment, scientific and technological progress, third world development, and the defence of our threatened civilisation. It is a call for wiping out derivatives, banning foreclosures, and nationalising the failed Federal Reserve System. Cheap, no-interest Federal credit for production can build 1,000 hospitals, 100,000 miles of high-speed maglev rail, 100 fourth-generation high-temperature pebble bed nuclear reactors, while rebuilding the interstates, and water systems -- creating tens of millions of high-paid, capital-intensive modern jobs in the process. Tarpley makes the case for science drivers in exploration, colonisation, and industrialisation on the moon and Mars; high-energy physics; and biomedical research. A special chapter discusses ways individuals and families can survive the crisis. If you read one book on economics, let it be this one.
