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Title: Disarming the Debt Bomb by Thomas C. McAuliffe, Warren Miller ISBN: 0-929408-27-6 Publisher: Amer Eagle Pubns Pub. Date: 01 August, 1999 Format: Paperback List Price(USD): $14.95

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Average Customer Rating: 5 (2 reviews)

Rating: 5
Summary: This book answers many questions
Comment: You don't have to believe in conspiracies to believe what this book tells you. Just use your common sense. For example, the financial pundits keep telling us inflation is very low, but if that's true, why is everything seem more expensive now than, say, 10 years ago?

McAuliffe says that the reason is that we are more in debt--everything we buy has debt attached to it (like the Mafia tax, but legal). Bonds are debt, stocks are debt, our credit cards are debt, hostile or friendly takeovers add debt to the cost of manufactured goods and services.

But he offers some solutions as well, which makes this a hopeful book, not just a damning one.

Read it, you'll like it.

Rating: 5
Summary: A SPOTLIGHT ON THE DARK SIDE OF OUR ECONOMY.
Comment: This book is a major wake-up call! Like most of us, I've been lulled by government and media into believing that our economy is golden. McAuliffe proves that it's fools gold.

The biggest revelation for me in this book is the documentation of the inflation controversy. I realize that I hadn't understood until now what inflation really means. And I think that most of you won't know until you read "Disarming the Debt Bomb."

McAuliffe's convincing bottom line is that there has never been an economy in history with more inflation than we have right now in the U.S.of A. He calls it an "inflationary cancer" that will take us down if we don't make some radical changes, especially in the banking system, which he sees as the core of the problem.

Furthermore, he makes a great case for how inflation leads to family breakdowns, the expansion of crime, corruption and despair.

The good news is that he offers a cure, hence the book's title.

My eyes usually glaze over when I try to read about economics, but McAuliffe's passion for his subject and reader friendly style make this book a page turner.

He urges us to take the corrective steps he lays out. Otherwise, he says, we could end up like a banana republic with most of the money in the hands of an elite minority and everybody else scrambling to survive.

Yes, I'm a conspiracy theorist. But only the ones that impact society and are provable interest me. There are more smoking guns in this boom market deceit than there were at the Saint Valentine's Day massacre, and McAuliffe spots every shooter.

Read this book, weep, get angry at how you've been lied to by the economic spinmeisters, then join the McAuliffe brigade and let's turn this sucker around before we enter the dark tunnel of recession.