Wealth, Wisdom and a Common Sense Legacy – Part 1 (Oct 2010)
Wealth, Wisdom and a Common Sense Legacy combines wise sayings from the Holy Bible and common economic sense to build and protect wealth in today’s turbulent environment.
We are observing the deliberate destruction of American prestige, culture and capital through a Socialist-leaning econo-political philosophy based on failed European economic strategies.
It is an overview of how America, once the bulwark of financial strength, is depleting its capital at rocket speed into the reality of being already the biggest debtor nation – with no improvement in sight.
The high price of dependency is explained throughout with the reasons for its destructive development explained. To correct this a “born again” individualism is required.
The national debt is discussed with tables showing its growth and how this will lead to the demise of the U.S. and Western world economies if the course is not changed. These projections show that the U.S. National Debt will consume 100 percent of Gross Domestic Product (GDP) as early as 2012 and certainly by 2015. By 2020, the US. could be locked into a perpetual cost of 100 percent of GDP to finance the Federal government alone – plus another 20 percent cost for state, county and local governments.
