Review by srinath123 -- The Solution is Political Revolu...
-
srinath123
- Posts: 3
- Joined: 22 Oct 2019, 00:24
- Favorite Book: The Solution is Political Revolution
- Currently Reading:
- Bookshelf Size: 3
- Reviewer Page: onlinebookclub.org/reviews/by-srinath123.html
- Latest Review: The Solution is Political Revolution by Jillion R Rising
Review by srinath123 -- The Solution is Political Revolu...
[Following is a volunteer review of "The Solution is Political Revolution" by Jillion R Rising.]
Generally you would invest money in a company or products sold on the market because you think the company or product will rise in value. However, hedge-fund operators along with Wall Street operators actually invest money by betting the corporation or investment fund will lose its value. If this happens then the hedge-fund operators actually make money. It is unbelievable but in this book The Solution is Political Revolution the author explains how this happens and further explains how Washington DC or in other words politicians are also involved. He tries to prove by arguments and facts that all this was possible due to greed and corrupt practices between Washington DC and the Corporate and Wall Street and the commercial Banks as well as the Federal Reserve Bank.
The author points out by facts and figures how Richard Nixon changed the money from gold standard to the fiat money. This one act sowed the seed for the present situation in the United States and all over the world to become unaccountable for the money spent by the governments. The United States has been running deficit budgeting since decades and the author points out that in the year 1970 the deficit was 2.8 billion which year after year has been increasing and the figures in the last four years would make any citizen panic. The year 2016 recorded a deficit of $ 585 billion, the year 2017 recorded $665 billion, and the year 2018 recorded $ 779 billion and the year 2019 recorded $ 960 billion deficit. The total of US debt as of 2019 is $22.7 trillion and expected to be 25.3 trillion by 2021. The author warns the citizens that the government ultimately will pass on this debt to the citizens.
The author is extremely critical of President Theodore Roosevelt’s use of emergency power in 1933 wherein the government bought all the gold from citizens for $ 20.67 per ounce with a penalty of $ 10,000 for those who did not comply with the order. One week later the government priced the gold at $ 35.00 per ounce resulting in a profit of 72% for the Federal Reserve at the cost of American citizens.
Social Security Program has been used and abused by different administrations irrespective of political party ideology. The author points one that affected significantly was the Social Security Amendment act of 1983 during Ronald Reagan’s administration increasing the eligibility age of Social Security benefits from sixty five to sixty seven years. This resulted in overflow of incoming tax dollars to the government compared to the outgoing dollars to 7.3 million Americans @ 10,000 retirees per day for two years.
In this book The Solution is Political Revolution the author Jillion R Rising builds up his argument as to how politicians are responsible for the great divide between the people and the politicians. The author keeps on documenting how the congress devised ways to avoid explaining how they overspend. It is also how Congress uses its internal authority to deceptively use your money held within the Treasury e.g. in funds like the Social Security or Medicare or even your 401K. The author applies the term “kicking the can down the road” for such instances.
My favorite topic in the book is about aftermath that followed after President Nixon moved United States monetary system away from the gold standard to the present-day fiat currency. One such step indeed opened the floodgates to greed, corruption, and ultimately made the country a debtor. The author tries to enumerate by illustrations how administrations under different Presidents continued to exploit the easy way of continuously keeping the nation in debt.
In conclusion I would say that the book is enjoyable and exceptionally well written and edited. I would give it a rating 4 out of 4 stars . It is a very good book for students and people interested in History, Politics, Economics, Management, and Political Science. For those Lawyers who take up social causes would be able to find enough material to file Public Interest Litigation. In 175 pages the author has put forward so many instances where the congress has in order to fund the budget shortfalls wiped out the surplus money from the various funds like Social Security or Medicare or Medicaid. Wall Street, Central Bank, Commercial Bank including the Presidential Powers have all been abused in this process by the Congress which has even gone ahead to borrow from other countries like China, Japan, Brazil, Switzerland and even Luxembourg the cumulative debt being $ 2.9 trillion. The Author questions the reader “Who will ultimately be responsible to pay this debt?” and also answers that it will be the citizens of the United States. Political Revolution by the citizens is the need of the hour to check and restrain the country from making further debts and really MAGA (Make America Great Again).
******
The Solution is Political Revolution
View: on Bookshelves | on Amazon
Generally you would invest money in a company or products sold on the market because you think the company or product will rise in value. However, hedge-fund operators along with Wall Street operators actually invest money by betting the corporation or investment fund will lose its value. If this happens then the hedge-fund operators actually make money. It is unbelievable but in this book The Solution is Political Revolution the author explains how this happens and further explains how Washington DC or in other words politicians are also involved. He tries to prove by arguments and facts that all this was possible due to greed and corrupt practices between Washington DC and the Corporate and Wall Street and the commercial Banks as well as the Federal Reserve Bank.
The author points out by facts and figures how Richard Nixon changed the money from gold standard to the fiat money. This one act sowed the seed for the present situation in the United States and all over the world to become unaccountable for the money spent by the governments. The United States has been running deficit budgeting since decades and the author points out that in the year 1970 the deficit was 2.8 billion which year after year has been increasing and the figures in the last four years would make any citizen panic. The year 2016 recorded a deficit of $ 585 billion, the year 2017 recorded $665 billion, and the year 2018 recorded $ 779 billion and the year 2019 recorded $ 960 billion deficit. The total of US debt as of 2019 is $22.7 trillion and expected to be 25.3 trillion by 2021. The author warns the citizens that the government ultimately will pass on this debt to the citizens.
The author is extremely critical of President Theodore Roosevelt’s use of emergency power in 1933 wherein the government bought all the gold from citizens for $ 20.67 per ounce with a penalty of $ 10,000 for those who did not comply with the order. One week later the government priced the gold at $ 35.00 per ounce resulting in a profit of 72% for the Federal Reserve at the cost of American citizens.
Social Security Program has been used and abused by different administrations irrespective of political party ideology. The author points one that affected significantly was the Social Security Amendment act of 1983 during Ronald Reagan’s administration increasing the eligibility age of Social Security benefits from sixty five to sixty seven years. This resulted in overflow of incoming tax dollars to the government compared to the outgoing dollars to 7.3 million Americans @ 10,000 retirees per day for two years.
In this book The Solution is Political Revolution the author Jillion R Rising builds up his argument as to how politicians are responsible for the great divide between the people and the politicians. The author keeps on documenting how the congress devised ways to avoid explaining how they overspend. It is also how Congress uses its internal authority to deceptively use your money held within the Treasury e.g. in funds like the Social Security or Medicare or even your 401K. The author applies the term “kicking the can down the road” for such instances.
My favorite topic in the book is about aftermath that followed after President Nixon moved United States monetary system away from the gold standard to the present-day fiat currency. One such step indeed opened the floodgates to greed, corruption, and ultimately made the country a debtor. The author tries to enumerate by illustrations how administrations under different Presidents continued to exploit the easy way of continuously keeping the nation in debt.
In conclusion I would say that the book is enjoyable and exceptionally well written and edited. I would give it a rating 4 out of 4 stars . It is a very good book for students and people interested in History, Politics, Economics, Management, and Political Science. For those Lawyers who take up social causes would be able to find enough material to file Public Interest Litigation. In 175 pages the author has put forward so many instances where the congress has in order to fund the budget shortfalls wiped out the surplus money from the various funds like Social Security or Medicare or Medicaid. Wall Street, Central Bank, Commercial Bank including the Presidential Powers have all been abused in this process by the Congress which has even gone ahead to borrow from other countries like China, Japan, Brazil, Switzerland and even Luxembourg the cumulative debt being $ 2.9 trillion. The Author questions the reader “Who will ultimately be responsible to pay this debt?” and also answers that it will be the citizens of the United States. Political Revolution by the citizens is the need of the hour to check and restrain the country from making further debts and really MAGA (Make America Great Again).
******
The Solution is Political Revolution
View: on Bookshelves | on Amazon
Latest Review: The Solution is Political Revolution by Jillion R Rising
