Surviving Financial Chaos: How To Protect Yourself and Your Family From the Greatest Debtor Nation in History
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Description: In 1980, America was the world's largest lender nation. Just three short decades later, America now stands as the greatest debtor nation in world history. As of 2009, the U.S. has a national debt of over $11 trillion. It is projected to cross the $20 trillion mark by 2020. Much of this amount is owed to foreign countries. And as the world’s largest consumer nation, the U.S. has seen rapidly increasing trade deficits with its international trading partners.
While the current U.S. national debt is over $11 trillion, this amount does not reflect what the federal government has promised to pay millions of Americans in entitlement benefits down the road. Those future obligations put our real debt figure at nearly $60 trillion – a staggering sum that is about as large as the total household net worth of the entire United States. According to the U.S. Government Accountability Office, if present trends continue in the form of reckless fiscal spending, the entire federal budget will be consumed by Social Security and Medicare payments alone by 2040.
In his boldest DVD teaching yet, economist and minister Jerry Robinson exposes the immoral financial excesses of the American economic empire and warns of the impending danger that awaits a nation built entirely upon debt. This eye-opening message, delivered live in Denver, Colorado, concludes with powerful strategies that anyone can use to protect themselves and their families from the perfect economic storm that is heading towards America's shores.
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