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clifhostetler

Clif's Book World

Adventures from reading books captured within short reviews.

American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21stCentury - Kevin Phillips Phillips' articulates the concerns of many Americans that are troubled by the current blending of American religion and democracy. He moves on to assess the dangers oil diplomacy and excessive national and household debt. This book was written before the current home mortgage crises, but it clearly predicts that the real estate boom spurred by the Federal Reserve cannot continue. That now appears to be an easy prediction to make. So why weren't the bankers smart enough to anticipate it?