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The
American
Iceberg:
Debt, Inflation, and Money

Bob Blain, Ph.D.

Sociologist

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Copyright 2012 Bob Blain

Smashwords Edition

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Dedicated to Teri and Jim

Madison, Avery, Nikolas and Noland

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Ah! What would the world be to us

If the children were no more?

We would dread the desert behind us

Worse than the dark before.

Henry Wadsworth Longfellow


Table of Contents

Dedication

Looking Backward: 2009 – 1979

A Letter to the Citizens of the 21st Century

Introduction; Our Situation

Chapter 1 United States Public and Private Debt: 1916 to 2010

Chapter 2 The Two Seeds of the Present Debt Problem

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