Bankruptcy of our Nationby Jerry Robinson
ISBN: 13:978-0-89221-693-2
Our nation is in deep, economic trouble. The United States is trillions of dollars in debt, and the number continues to climb. The government's response is to spend more in hopes of staving off a catastrophic collapse of our economy. Let me be clear. I am not pointing a finger at any particular party. This problem has been building over decades, and both parties have had a hand in it.
Money (I'm referring to the U.S. dollar system) is an integral part of your life. You use it every day to buy goods and pay bills, but how much do you
really understand it? Are you aware that it is not backed by gold or any other commodity, meaning the dollar in your pocket has no intrinsic value whatsoever? The reality is, the dollar in your pocket is simply a piece of paper. We hear on the news that the current national debt is sitting in the neighborhood of 12 trillion dollars, but did you know that that number only represents what the federal government owes on money that is already borrowed? If you include the future promises made by the federal government to Americans for programs like Social Security, Medicare, and Medicaid, the number skyrockets in excess of 59 trillion dollars. To say this is sobering news would be an understatement.
If you are interested in a clear, easy to read lesson in the history of our nation's currency, and learn some basics in what money is, how it works, and how it directly affects you, I strongly encourage you to read this book. You do not need a degree in economics to understand this book. It is written for the "Average Joe," and I honestly found it to to be a page-turner. That may seem strange and unbelievable, but it's true. I truly feel that it is important for every American to really understand the gravity of the economic situation we currently face. Please, pick up a copy and invest the time to read it. You won't regret it.