Houston, TX, August 15, 2013 - In his new book, Millennial Economics—An American Declaration of Independence from Central Banking, A Global Transition to Debt-Free National Economies, entrepreneur Victor Shane clearly defines how Central Banking is bankrupting America, and lights the path toward liberty from stifling debt.
Not since our nation’s Declaration of Independence in 1776 has there been such an urgent need for another declaration of freedom—economic freedom from the bondage of debt that threatens our national wellbeing. Victor Shane’s Millennial Economics is not only a cultural translator to help the average American understand the problems inherent to our current financial system; it is a clarion call to action as well as a beacon of light pointing out the road leading away from looming economic disaster.
Many people believe we are on the edge of national if not global economic collapse, but very few understand why. In easy to read language and easy to comprehend stories and allegories, Millennial Economics explains, for example, how it is that in a time of recession and sky-high unemployment, general prices can keep rising; and how loopholes in Wall Street trading has allowed for the accumulation of wealth by a few while the majority of Americans continue to suffer financial losses.
In his book, Shane explains that for too long, financial shenanigans such as collateralized debt obligations (CDOs), mortgage-backed securities (MBSs), credit default swaps (CDSs) and securitization have been allowed to throw the market into tumultuous spasms. For too long, the national debt ($16 trillion at present) has been allowed to climb unchecked. And for too long, the privately owned Federal Reserve Banks have operated on a debt-system of introducing new money into circulation, creating “systemic price inflation” and effectively chaining our children, grandchildren and great-grandchildren to a mountain of debt.
Says Shane, it’s time for the American people to “wake up from the sleep of the dead,” and effect a ‘sea change’ (profound transformation) to avert disaster…“This is a call to Revival and Awakening!”
“By perseverance and right action we have the prospect of a glorious emancipation, not only for ourselves, but also for future generations,” Shane says. “By procrastination and submission we have the sad choice of a variety of evils—more debt, more poverty, more want, more austerity, more conflict, more failure, and more mass misery without mitigation or end.”
The Economic Revolution described in Millennial Economics is doable but will require steadfast resolve, dogged determination, and political perseverance on the part of “We the People.” The current debt-system of money creation/circulation must be replaced by a debt-free system, using the political tools available in the United States Constitution as well as the economic tools now, finally, available with the advent of the Internet and emergence of the Global Information Superhighway. In the final chapter of his book, Shane lays out a three-step plan of action that all Americans can use to create an Economic Bill of Rights, as a prelude to a global transition to debt-free national economies.
Victor Shane is a California sailor, author, entrepreneur, business owner, trader and exporter. He is the author of several books, including “In God We Trust: Understanding the Culture War in a Scientific Age.”
Millennial Economics—An American Declaration of Independence from Central Banking, A Global Transition to Debt-Free National Economies
By Victor Shane
Paperback: 166 pages
Publisher: WestBowPress (May 8, 2013)
Rabbi Daniel Lapin, American Alliance of Jews and Christians: “The elegant writing and incisive explanations found in this volume conquer the complexity of the topic...This important volume while reflecting the spontaneous surgings of the human spirit, helps us understand why.”