On Monday, I said that the US is completely and utterly bankrupt. I went on to say that… according to the US National Debt Clock, the total assets of the United States… planes, trains, automobiles… roads, bridges, buildings… houses, tricycles, backyards… is less in value than the total obligations owed by the US Federal Government. To put it another way, the debt owed by the government exceeds the total value of the entire country. Or, to make this more personal, total US Federal unfunded liabilities (i.e., debts) exceeds $1 million per taxpayer. And then, I asked a question.
The full name of the book is Secret Weapon: How Economic Terrorism Brought Down the U.S. Stock Market and Why It can Happen Again, but that’s quite a mouthful – so, we’ll just call it ‘Secret Weapon’.
Now, let’s start with the short version of this review, so here it is:
Buy this book. Read it the whole way through – all of it. Believe it.
For those of you who need more:
Some of you may not know that I spent some time in the financial services industry in the 90s. It was an eye-opening experience, one that I both enjoyed and loathed all at the same time.
What an interesting piece of economic and financial writing.
Have you thought about the possibility that much of our short-term financial woes stem from a financial war being waged against us by America’s enemies?
I have been hearing about some of these ideas years ago in different venues. But, what I was hearing was theory. What Kevin Freeman does is establish the possibility that, in the case of the crash of ’08, it’s fact – and now history.
I just saw this today, but I heard about it yesterday while I was in Tainan.
The video footage that I’m about to show you is obscene. It is horrifying. The imagery will stay with you for a long time, if not forever. But, you need to see it, because it is the future.
Am I saying that there is going to be a rash of two-year-old children being run over by trucks?
This is both shocking and heart-rending.
In a recent Gallup poll, when asked “Have there been times in the past 12 months when you did not have enough money to buy food that you or your family needed?”, 19% said “yes”. When asked the same question to citizens of China, only 6% said “yes”.
19% of Americans?
That is beyond awful, and I hope that this acts as a wake up call for those of us who have grown complacent, thinking that ‘someone else’ will take care of the problem.