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First released at the beginning of America's economic crisis, Bankruptcy of our Nation has been almost prophetic in its assessment of the explosion of the gold market, the loss of AAA credit rating, foreclosures, "manufactured" numbers from the government reported by the media, and the fragile foundations of our national and internationally linked economies. Families are scared and more interested than ever in making sure they do all they can to survive whatever this fiscal crisis brings. This step-by-step process is one of that individuals can implement to diversify their savings and investments to help create multiple streams of income. Get solid and easy-to-understand assessments of America's financial position now and the pressures of a global economy that loom ahead so that you can make the critical decisions to protect yourself no matter what the uncertain future holds. Take control of your own fiscal future today!
"It's no secret that the U.S. national debt is in the tens of trillions. But did you know that America also has future unfunded obligations of over $118 trillion? Unfortunately, America's politicians have no plan to solve our mounting fiscal and monetary crisis. But you don't have to watch this unfold in fear of your financial future. The time for debate is over... It's time to prepare! In this revised and expanded release of Bankruptcy of Our Nation, Jerry Robinson offers you the ultimate financial survival guide. Robinson, an Austrian economist, columnist, and radio host, is featured weekly on Worldnetdaily.com, quoted by USA Today, has appeared on Fox News, and has written columns for Townhall and FinancialSense. Allow him to guide you with details of the 21 income streams you can create now and in retirement Specific ways to inflation-proof your investment portfolio using the P.A.C.E. (Precious Metals, Agriculture, Commodities, and Energy) Method How to create a diversified six-month liquid savings reserve that uses stable foreign currencies and precious metals. And the 5 Levels of Financial Freedom that Jerry has personally used to build true wealth and create complete financial security. You can survive this economic crisis, but you can't wait. It’s time to take action. Let this book show you how to become a better investor and create multiple streams of income."
Bankruptcy in America, in stark contrast to its status in most other countries, typically signifies not a debtor's last gasp but an opportunity to catch one's breath and recoup. Why has the nation's legal system evolved to allow both corporate and individual debtors greater control over their fate than imaginable elsewhere? Masterfully probing the political dynamics behind this question, David Skeel here provides the first complete account of the remarkable journey American bankruptcy law has taken from its beginnings in 1800, when Congress lifted the country's first bankruptcy code right out of English law, to the present day. Skeel shows that the confluence of three forces that emerged over many years--an organized creditor lobby, pro-debtor ideological currents, and an increasingly powerful bankruptcy bar--explains the distinctive contours of American bankruptcy law. Their interplay, he argues in clear, inviting prose, has seen efforts to legislate bankruptcy become a compelling battle royale between bankers and lawyers--one in which the bankers recently seem to have gained the upper hand. Skeel demonstrates, for example, that a fiercely divided bankruptcy commission and the 1994 Republican takeover of Congress have yielded the recent, ideologically charged battles over consumer bankruptcy. The uniqueness of American bankruptcy has often been noted, but it has never been explained. As different as twenty-first century America is from the horse-and-buggy era origins of our bankruptcy laws, Skeel shows that the same political factors continue to shape our unique response to financial distress.
The "self-made" man is a familiar figure in nineteenth-century American history. But the relentless expansion of market relations that facilitated such stories of commercial success also ensured that individual bankruptcy would become a prominent feature in the nation's economic landscape. In this ambitious foray into the shifting character of American capitalism, Edward Balleisen explores the economic roots and social meanings of bankruptcy, assessing the impact of widespread insolvency on the evolution of American law, business culture, and commercial society. Balleisen makes innovative use of the rich and previously overlooked court records generated by the 1841 Federal Bankruptcy Act, building his arguments on the commercial biographies of hundreds of failed business owners. He crafts a nuanced account of how responses to bankruptcy shaped two opposing elements of capitalist society in mid-nineteenth-century America--an entrepreneurial ethos grounded in risk taking and the ceaseless search for new markets, new products, and new ways of organizing economic activity, and an urban, middle-class sensibility increasingly averse to the dangers associated with independent proprietorship and increasingly predicated on salaried, white-collar employment.
Surrounded by a host of political and social problems, America stands at the crossroads of a devastating economic crisis - the size and scope of which demands immediate action, while instability and debt loom over the future. • America is the greatest debtor nation in history. • The value of the dollar is at tremendous risk. • Inflation is about to become a huge reality. Crippled by personal debt, local and state governments facing revenue losses, and the federal government struggling to bail out segments of the economy, many Americans are suddenly afraid and uncertain of what the future may bring. Many worry if the United States can even recover from this crisis. Will you and your family financially survive and even thrive during this turbulent time? Bankruptcy of Our Nation gives you vital insight, historical and future perspective, revealing how America got into this mess, and how you can make informed decisions to weather this economic crisis. Don't rely on the government to secure your future - empower yourself with sound economic strategies, solutions, and godly principles today!
An eye-opening account of the widespread and systematic decay of America's bankruptcy courts
Bankruptcy in America is a booming business, with hundreds of thousands of ordinary Americans filing for bankruptcy each year. Is this dramatic growth a result of mushrooming debt or does it reflect a moral decline that permits the middle class to evade their debts? As We Forgive Our Debtors addresses these questions with hard empirical data drawn from bankruptcy court filings. The authors of this multidisciplinary study describe the law and the statistics in clear, nontechnical language, combining a thorough statistical description of the social and economic position of consumer bankrupts with human portraits of the debtors and creditors whose journeys have ended in bankruptcy court. Book jacket.
"Argues that America is enjoying a government-inflated bubble, one that reality will explode with disastrous consequences for the economy and for each of us"--Dust jacket flap.
Over the last three decades, debt, bankruptcy, and home foreclosures have risen to epidemic levels. To make matters worse, the personal savings rate is at its lowest point since the Great Depression. Why, in the richest nation on earth, can't Americans hold on to our money? Winner of the prestigious William James Book Award for Believing in Magic and an authority on irrational behavior, Stuart Vyse offers a unique psychological perspective on the financial behavior of the many Americans today who find they cannot make ends meet, illuminating the causes of our wildly self-destructive spending habits. But unlike other authors, he doesn't entirely blame the victim. Bringing together fascinating studies of consumer behavior, he argues that the mountain of debt burying so many of us is the inevitable byproduct of America's turbo-charged economy and, in particular, of social and technological trends that undermine our self-control. Going Broke illuminates everything from the rise of the credit card, to the increase in state lotteries and casino gambling, to the expansion of new shopping opportunities provided by toll-free numbers, home shopping networks, big-box stores, and the Internet, revealing how vast changes in American society over the last 30 years have greatly complicated our relationship with money. Vyse concludes both with personal advice for the individual who wants to achieve greater financial stability and with pointed recommendations for economic and social change that will help promote the financial health of all Americans. Engagingly written, with startling insights into modern consumerism and with poignant human-interest stories of people facing financial failure, Going Broke offers a provocative new perspective on American economic behavior that is likely to stir controversy and serious debate.
IDENTIFIES AND EXAMINES THE FIVE DANGEROUS TRENDS CURRENTLY IMPACTING THE U.S. ECONOMY AND YOUR FINANCIAL SECURITY.