A Terrific Read

I came across a book written a couple of years ago, titled "Financial Armageddon, The Corruption of our Currency", by David Draughon. It has brought great clarity to my thinking with regard to the current financial crisis enveloping our nation. Many of the things which are influencing us are described in layman's terms, such as deficit spending, the gold standard, the Federal Reserve, fiat money, and the root cause of inflation. I highly recommend it. Here are a few quotes:

…the housing market is on the cusp of imploding. –David Draughon, 2006

[Ezra Taft Benson] said that if our nation’s current economic crisis is not resolved, our country will enter a depression that makes the one in the twenties and thirties look like prosperity.

By spending more than is in the treasury and then merely printing extra money to make up the difference…technically … is called ‘deficit spending’. Ethically, it is counterfeiting. Morally it is wrong. –Ezra Taft Benson

I am a most unhappy man. I have unwittingly ruined my country…no longer a government by free opinion, no longer a government by conviction and a vote of the majority, but a government by the opinion and duress of a small group of dominant men. –President Woodrow Wilson, reminiscing about the manipulations of the Federal Reserve

The very beginning of our troubles can be traced to the day when the federal government overstepped its proper defensive function and began to manipulate the monetary system to accomplish political objectives. The creation of the Federal Reserve Board made it possible for the first time in America for men to arbitrarily change the value of our money. –Ezra Taft Benson

We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon. –Robert Hemphill, Atlanta Federal Reserve Bank

The Constitution of the United States gives Congress no power to legislate in the matter of a great number of vital problems of government, such as the conduct of public utilities, of banks, of insurance, of business, of agriculture, of education, of social welfare and over a dozen other important features. Washington must never be permitted to interfere in these avenues of our affairs. –Franklin D. Roosevelt, Fireside Chat #1