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I wrote a book in late 1991, The Coming Economic Earthquake, the gist of which was that the U.S. government was spending significantly more money than it was generating each year in tax revenues.
Popular tags: Economy
Newscasts report daily that our economy is on a downward trend. People are losing their homes, highly-paid executives are losing their positions and having to settle for lower-paying jobs, food and energy costs continue to increase, and the list goes on.
Americans are being battered by a variety of recent crises and concerns such as the wars in Iraq and Afghanistan, U.S. relations with North Korea and turmoil in the Middle East.
In light of the massive amount of signs pointing to what some are calling the “economic crisis of a century,” an “economic Pearl Harbor,” or a “financial tsunami, including the collapse or near collapse of some of largest financial institutions in American history, I believe we all have reason now to ask: “What can I do to help solve this problem?”
In the last year, we’ve witnessed the world shifting like sand beneath our feet. We’ve been asking ourselves, “What’s happened to us?” “Is it ever going back to the way it used to be?” “What kind of adjustments do we need to make to prepare for the future?”
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