The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble (54 page)

4
See note 1.

5
Edmund Randolph, 1787 Constitutional Convention.

6
James Madison, “The Federalist No. 10: The Utility of the Union as a Safeguard Against Domestic Faction and Insurrection (continued),”
Daily Advertiser,
November 22, 1787.

7
Constatino Bresciani-Turoni,
The Economics of Inflation: A Study of Currency Depreciation in Post-War Germany,
Routledge, reprint ed., 2003.

8
Karl Theodor Helfferich,
Das Geld,
Adelphi English ed., 1927, p. 650.

9
See note 7.

10
http://chinese-school.netfirms.com/abacus-Sir-John-Templeton-interview.html
.

11
Nassim Nicholas Taleb,
Fooled by Randomness:The Hidden Role of Chance in Life and in the Markets,
2nd ed.,Texere, 2004.

12
Ibid.

13
Ibid.

1
Paul Ratchnevsky (Thomas Nivison Haining, trans.),
Genghis Khan: His Life and Legacy,
Blackwell, reprint ed., 1993.

2
“Changing Perceptions of Genghis Khan in Mongolia: An Interview with Dr. Ts. Tsetsenbileg by Yuan Wang,”
Harvard Asia Pacific Review,
http://hcs.harvard.edu/~hapr/winter00_millenium/Genghis.html
.

3
http://khubilai.tripod.com/mongolia/id3.html
.

4
http://en.wikipedia.org/wiki/Genghis_Khan
.

5
Francis Fukuyama,
The End of History and the Last Man,
Free Press, 1992.

6
http://www.rain.org/~karpeles/armadadis.html
.

7
http://www.angelfire.com/ok3/chester/maindir/armarda.htm
.

8
Alfred Thayer Mahan,
The Influence of Sea Power upon History, 1660-1783,
Dover Publications, 1987.

1
Emily Eakin, “Ideas and Trends; All Roads Lead to D.C.,”
New York Times,
March 31, 2002.

2
Robert Kaplan,
Warrior Politics:Why Leadership Demands a Pagan Ethos,
Vintage, 2003.

3
Roger Cohen, “Globalist: Rumsfeld’s Blunt Style May Backfire in China,”
International Herald Tribune,
June 11, 2005.

4
Paul Kennedy, “The Greatest Superpower Ever,”
New Perspectives Quarterly,
Washington, winter 2002.

5
Thomas Cahill,
How the Irish Saved Civilization,
Anchor, 1996.

6
Ibid.

7
Deepak Lal,
In Praise of Empires: Globalization and Order,
Palgrave Macmillan, 2004.

8
Ibid.

9
Rudyard Kipling,
The White Man’s Burden,
1899.

10
Stephen Howe,
Empire: A Very Short Introduction.
Oxford University Press, 2002.

11
Ramsay MacMullen,
Corruption and the Decline of Rome,
Yale University Press, reprint ed., 1990.

12
Ibid.

13
Ibid.

14
http://www.antiwar.com/justin/j112299.html
.

15
Aristotle,
Politics,
Nuvison Publications, 2004.

16
John Perkins,
Confessions of an Economic Hit Man,
Berrett-Koehler Publishers, 2004.

17
Niall Ferguson,
Colossus: The Rise and Fall of the American Empire,
Penguin, reprint ed., 2005.

18
John Quincy Adams’ Address, July 4, 1821.

19
Floyd Norris, “Floyd Norris: Will China Be Setting U.S. Rates?”
International Herald Tribune,
May 13, 2005.

20
Grandfather Economic Report Series,
http://home.att.net/~mwhodges/debt.htm
.

21
China Daily,
http://www2.chinadaily.com.cn/english/doc/2004-12/15/content_400251.htm
.

22
See note 19.

23
CIA:
The World Factbook,
http://www.odci.gov/cia/publications/factbook/geos/us.html#Econ
.

24
Institute for International Economics,
http://www.iie.com/publications/papers/paper.cfm?researchid=26
.

25
See note 23.

26
Niall Ferguson, “The End of Power: Without American Hegemony the World Would Likely Return to the Dark Ages,”
Wall Street Journal,
June 21, 2004.

1
John T. Flynn,
As We Go Marching,
Ayer Company, reprint ed., 1972.

2
Ibid.

3
Ibid.

4
Ibid.

5
Ibid.

6
Ibid.

7
Jose Ortega y Gasset,
The Revolt of the Masses,
W. W. Norton & Company, reissue ed., 1994, Chapter 7.

8
See note 1.

9
Ibid.

10
Ibid.

11
Ibid.

12
Sol Bloom, Chairman of the House Foreign Relations Committee, 1926, to colleagues.

13
“Arming for Peace,”
New York Times,
October 31, 1951, p. 27.

14
Finance and Development,
http://www.worldbank.org/fandd/english/0696/articles/0100696.htm
.

15
Garet Garrett, in his pamphlet “Rise of Empire,” 1952.

16
Ibid.

17
Garet Garrett,
The People’s Pottage,
Truth Seeker Co. Inc.,TS ed., 1992.

18
Ibid.

19
Ibid.

1
Malcolm Gladwell,
Blink: The Power of Thinking without Thinking,
Little Brown, 2005.

2
Ibid.

3
Ibid.

4
Ibid.

5
Warren Harding, Inaugural Address, 1921.

6
H. L. Mencken, 1880-1956.

7
Judge Learned Hand, speech at “I Am an American Day” ceremony in Central Park, 1944.

8
Sigmund Freud, William C. Bullitt,
Thomas Woodrow Wilson: A Psychological Study,
Transaction Publishers, 1999.

9
Woodrow Wilson,
Address to Congress Asking for a Declaration of War,
April 2, 1917.

10
The Raab Collection,
http://raabcollection.com/detail.aspx?cat=0&subcat=34&man=344
.

11
http://www.ieru.ugent.be/palo.html
.

12
See note 9.

13
Ibid.

14
Adam Gopnik, “The Big One: Critics Rethink the War to End All Wars,”
The New Yorker,
August 23, 2004.

15
Viscount Esher, 1852-1930.

16
Winston Churchill, MIT’s “Mid-Century Convocation,” April 1949.

17
Ibid.

18
See note 8.

19
See note 9.

20
Hew Strachan,
The First World War,
Viking Adult, 2004.

21
Winston Churchill, letter to his wife, July 28, 1914.

22
Stefan Zweig,
The World of Yesterday,
Viking Press, 1970.

23
Randolph Bourne in his essay, “The State,”
http://www.bigeye.com/rbquotes.htm
.

24
The International School of Toulhouse,
http://194.3.120.243/humanities/ibhist/war/wwi/europe_1914/germany/germany_before_1914.htm
.

25
See note 9.

26
John F. Kennedy, Inaugural Address, January 20, 1961.

27
Richard Nixon, Inaugural Address, January 20, 1973.

28
David Lloyd George,
War Memoirs,
1934.

29
Ludwig von Mises Institute,
http://www.mises.org/fullstory.aspx?control=224&id=74
.

30
History News Network,
http://hnn.us/articles/10108.html
.

31
Edward Chancellor,
Devil Take the Hindmost: A History of Financial Speculation,
Plume, reissue ed., 2000.

32
Rod Mickleburgh, “He Did the Best He Could That Day . . . He Survived,” The Memory Project,
Toronto Globe and Mail,
http://www.theglobeandmail.com/special/memoryproject/features/fox.html
.

33
See note 29.

Chapter 6 The Revolution of 1913 and the Great Depression

1
John T. Flynn,
The Decline of the American Republic and How to Rebuild It,
Devin-Adair Publishers, 1955.

2
Civil War Currency Facts,
http://www.civil-war-token.com/civil-war-currency-facts.htm
.

3
The Ludwig von Mises Institute,
http://www.mises.org/etexts/rootofevilb.asp
.

4
Ibid.

5
Representative Robert Adams, January 26, 1894.

6
See note 3.

7
President William H.Taft’s Message to Congress, June 16, 1909.

8
Amendment XVI, 1913.

9
Article V of the Constitution in its original form.

10
John Dickinson, June 7, 1787, Constitutional Convention.

11
James Madison, “The Federalist No. 63, The Senate (continued),”
Independent Journal,
Saturday, March 1, 1788.

12
C. H. Hoebeke, “Democratizing the Constitution: The Failure of the Seventeenth Amendment,”
Humanitas,
Volume IX, No. 2, 1996.

13
John Kenneth Galbraith,
A Short History of Financial Euphoria,
Penguin Books, 1990.

14
United States Constitution,Tenth Amendment.

15
Franklin Delano Roosevelt, “Fireside Chat,” March 9, 1937.

16
Ibid.

17
See note 1.

Chapter 7 MacNamara’s War

1
Ken Hagler’s Radio Weblog, Recitation of the Battle of Camerone, April 30, 2003.

2
Le Figaro,
May 7, 2004.

3
Ibid.

4
Ibid.

5
William J. Duiker, “Ho Chi Minh,”
Theia,
September 27, 2000.

6
Ibid.

7
Vo Nguyen Giap, “When a Nation Was Born,”
Vietnam News Agency,
2000.

8
Charles W. Eliot,
The Congressional Record.

9
Oliver Cromwell, letter to the synod of the Church of Scotland, August 5, 1650.

10
Robert S. MacNamara, James Blight, Robert Brigham, Thomas Biersteker, and Herbert Y. Schandler,
Argument without End: In Search of Answers to the Vietnam Tragedy,
Public Affairs Press, 2000.

11
The infamous domino theory: “You have a row of dominoes set up; you knock over the first one, and what will happen to the last one is that it will go over very quickly,” President Eisenhower, April 7, 1954.

12
Lyndon B. Johnson, speech, October 21, 1964.

13
Memorandum from the President’s Special Assistant for National Security Affairs (Bundy) to President Johnson, en route from Saigon to Washington, February 7, 1965.

14
See note 10.

15
Lyndon B. Johnson,
Public Papers, 1963-1964,
p. 952.

16
Walter Heller Oral History, 1965, in the Johnson Library.

17
“Tell the Vietnamese they’ve got to draw in their horns or we’re going to bomb them back into the Stone Age,” General Curtis LeMay, May 1964.

18
See note 10.

19
Bruce Palmer,
The Twenty-fiveYear War:America’s Military Role in Vietnam,
University Press of Kentucky, 2001.

20
See note 10.

21
Ibid.

22
Martin Luther King, speech, New York City, April 4, 1967.

23
Lyndon B. Johnson, conversation with McGeorge Bundy, May 27, 1964.

24
See note 10.

Chapter 8 Nixon’s the One

1
Richard Duncan,
The Dollar Crisis: Causes, Consequences, Cures,
John Wiley & Sons, 2003.