In A Miracle in Waiting Paul Hellyer pulls no punches. First published in 1996 under the title Surviving the Global Financial Crisis: The Economics of Hope for Generation X Hellyer maintained that the monetarist counter-revolution has been one monumental flop and predicted in the first two paragraphs that a meltdown was inevitable. The entire book was prophetic and should be read in that context. Hellyer argued that the federal deficit is nothing but a red herring that detracts from more fundamental issues such as the monetary system which, stripped of all the holy water that has been poured on it over the years, is nothing more than the perpetuation of a scam developed by the English goldsmiths more than three hundred years ago - a scam that has turned out to be the most profitable in history. This book removes the veil from the mystery of money. Nearly all money is simply virtual - computer entries by highly leveraged privately-owned banks that create money out of thin air. Worse, they are allowed to lend their capital up to twenty times or more and collect interest on it each time. Still worse many of the loans are made to hedge funds and the financial industry that make huge profits without creating any new real wealth that is tangible and useful. Hellyer's book explains exactly what has to be done. Bank ratios have to be reduced dramatically. At the same time the proportion of money created by governments (who own the patent on behalf of the people) has to be substantially increased. This will allow the fiscal flexibility necessary to balance their budgets and help finance critically important projects such as the transformation from an oil economy to one based on clean fuels. Many other major problems could be solved by a substantial infusion of debt free money.

This book reflects the mature judgment of an author with broad experience in and out of public life. It sets out in stark and unvarnished terms most of the world's major problems. The Human Species is hell bent for extinction unless we change our attitudes and actions with an urgency appropriate to impending disaster. Paul Hellyer suggests that we have about ten years to wean ourselves from the oil economy and profoundly regrets that the Copenhagen Conference reflected little progress in that direction. The whole atmosphere was one that reminded him of Emperor Nero fiddling while Rome burned. World leaders simply have to do better The book outlines the three monumental changes required to accommodate the miracle. First, the book claims that exotic energy sources already exist. They have been developed by the U.S. "shadow government" at the massive underground "black operation" installations in Nevada and Arizona using technology borrowed from visitors from other planets. Yet they remain secret for the alleged benefit of the privileged few. Second, the money has to be found to subsidize poor nations and facilitate major changes. This can be accomplished by a fundamental re-working of the monetary and banking system. Bank leverages must be dramatically reduced and the percentage of virtual money they create as debt strictly limited so that governments can gain the financial flexibility to finance the transition to sustainability. Finally it will be necessary for all countries, races, faiths and colors to drop their antagonisms and work together in common purpose to save the heritage they have in common. -- . -- "Paul Hellyer's story is an important contribution to the literature of modern western civilization. His experience in government, his interest in exopolitics and the issues of sustainability of civilization are significant areas of current discourse." Edgar Mitchell, Sc.D, Apollo 14 Astronaut

In A Miracle in Waiting Paul Hellyer pulls no punches. First published in 1996 under the title Surviving the Global Financial Crisis: The Economics of Hope for Generation X Hellyer maintained that the monetarist counter-revolution has been one monumental flop and predicted in the first two paragraphs that a meltdown was inevitable. The entire book was prophetic and should be read in that context. Hellyer argued that the federal deficit is nothing but a red herring that detracts from more fundamental issues such as the monetary system which, stripped of all the holy water that has been poured on it over the years, is nothing more than the perpetuation of a scam developed by the English goldsmiths more than three hundred years ago - a scam that has turned out to be the most profitable in history. This book removes the veil from the mystery of money. Nearly all money is simply virtual - computer entries by highly leveraged privately-owned banks that create money out of thin air. Worse, they are allowed to lend their capital up to twenty times or more and collect interest on it each time. Still worse many of the loans are made to hedge funds and the financial industry that make huge profits without creating any new real wealth that is tangible and useful. Hellyer's book explains exactly what has to be done. Bank ratios have to be reduced dramatically. At the same time the proportion of money created by governments (who own the patent on behalf of the people) has to be substantially increased. This will allow the fiscal flexibility necessary to balance their budgets and help finance critically important projects such as the transformation from an oil economy to one based on clean fuels. Many other major problems could be solved by a substantial infusion of debt free money.

This book reflects the mature judgment of an author with broad experience in and out of public life. It sets out in stark and unvarnished terms most of the world's major problems. The Human Species is hell bent for extinction unless we change our attitudes and actions with an urgency appropriate to impending disaster. Paul Hellyer suggests that we have about ten years to wean ourselves from the oil economy and profoundly regrets that the Copenhagen Conference reflected little progress in that direction. The whole atmosphere was one that reminded him of Emperor Nero fiddling while Rome burned. World leaders simply have to do better The book outlines the three monumental changes required to accommodate the miracle. First, the book claims that exotic energy sources already exist. They have been developed by the U.S. "shadow government" at the massive underground "black operation" installations in Nevada and Arizona using technology borrowed from visitors from other planets. Yet they remain secret for the alleged benefit of the privileged few. Second, the money has to be found to subsidize poor nations and facilitate major changes. This can be accomplished by a fundamental re-working of the monetary and banking system. Bank leverages must be dramatically reduced and the percentage of virtual money they create as debt strictly limited so that governments can gain the financial flexibility to finance the transition to sustainability. Finally it will be necessary for all countries, races, faiths and colors to drop their antagonisms and work together in common purpose to save the heritage they have in common. -- . -- "Paul Hellyer's story is an important contribution to the literature of modern western civilization. His experience in government, his interest in exopolitics and the issues of sustainability of civilization are significant areas of current discourse." Edgar Mitchell, Sc.D, Apollo 14 Astronaut