This edition of Burkett's bestseller has been expanded to include the Clinton agenda, and discusses the President's new budget package, the NAFTA proposal, and the national health care issue. Burkett is the bestselling author of The Complete Financial Guide for Couples.
In The Coming Economic Earthquake (Moody Press, Chicago, I11. * 1991), Burkett delineated growing federal deficits and the ever increasing use of debt by business and households out of control. Burkett points out those severe economic times will appear sometime shortly after the millennium unless current polices are changed. Burkett believed that Keynesian economic policies, with ideals for continuing federal deficits and the implicit preference for higher levels of credit and consumption, reduced saving, and a larger role for government in the economy are a means to disaster. As Burkett states in the book that as interest on the debt consumes a larger and larger portion of the yearly federal budget, and more money is borrowed each year to pay the interest on what was borrowed in previous years, there will be a temptation to "monetize" the debt at an increasing rate leading to a calamity not seen since the Great Depression. Burkett questioned whether or not elected leaders would take action in time to prevent fiscal chaos, and believed they would not. Larry gave no time-line for this prediction, other than a forewarning, foreshadowing current events of the time, with a little common sense added for good measure.
Early Years
Larry Burkett (March 3rd, 1939~July 4th, 2003) was an American author and leading Christian radio personality whose work focused on financial counseling from a Christian point of view. Larry was born in Winter Park, Florida on March 3, 1939, the fifth of eight children. After completing high school in Winter Garden, Florida, he entered the U.S. Air Force where he served with the Strategic Air Command. Upon completion of his military duties, he and his wife Judy returned to central Florida, where he worked in the space program at Cape Canaveral, Florida. He spent the next several years at the space center (NASA) in charge of an experiments test facility that served the Mercury-, Gemini-, and Apollo-manned space programs. While working at the space center, Larry earned degrees in marketing and finance at Rollins College, Winter Park, Florida. Larry left the space center in 1970 to become Vice President of an electronics manufacturing firm.
A Turning Point
In 1972 Larry put his trust and faith in Jesus Christ to guide his life, through the influence of his wife Judy and persistence of Dr. Peter Lord, Titusville, Florida--an event that had a profound effect. In 1973 he left the electronics company to join the staff of a nonprofit ministry, Campus Crusade for Christ at the request of Dr. Bill Bright, as a financial counselor. It was during this time that he began an intense study of what the Bible says about handling money, and he started teaching small groups around the country.
Ministry Is Formed
In 1976 Larry Burkett left the campus ministry to form Christian Financial Concepts, a 501C(3) nonprofit organization dedicated to teaching the biblical principles of handling money. CFC was used as a vehicle to produce audio, video and written Work's for helping individuals, the local Church and main-line Denominations World-wide disseminate God's word with regard to Stewardship principles. In May of 1996, Southwest Baptist University conferred on Larry an Honorary Doctorate in Economics.
Radio Broadcasting
In 1979 Larry became a frequent radio guest of Dr. Jim Dobson founder of Focus On the Family with a widely listened to syndicated radio program. This exposure lead Moody Bible Institute Broadcasting division, Chicago, Illinois to help host, than start Larry's own radio ministry. Larry was a long time host of the four radio programs, "Money Matters," "How to Manage Your Money," "MoneyWatch," and "A Money Minute," which were carried on more than 1,100 radio outlets worldwide.
Larry's Publications
Larry published more than 70 books, sales of which now exceed 12 million copies and include several national best-sellers. Publications by Larry include What Ever Happened to the American Dream, The Coming Economic Earthquake, Your Finances in Changing Times, Business by the Book, The Financial Planning Workbook, Women Leaving the Workplace, Investing for the Future, Debt-Free Living, Great Is Thy Faithfulness, Hope When It Hurts, Nothing to Fear, in which he gave an update on his experiences with cancer and cancer treatments. Larry also wrote four novels: The Illuminati, The THOR Conspiracy, Solar Flare, and Kingdom Come (with T. Davis Bunn). Larry's final book before his death was The Burkett & Blue Definitive Guide to Securing Wealth to Last, and was written with Ron Blue and Jeremy L. White.
Larry also encouraged his eldest son, (Larry "Allen" Burkett, Jr.) as an author to write and produce thirty-two stewardship books and material "penned" under Larry's name. These Work's were for children, teen and parents under the banner: "Larry Burkett's "Money Matters for Kids", "Money Matters for Teens", "Larry Burkett's Stewardship for the Family ~ Time, Talents & Treasures". Some publications by Allen under Larry's name are Financial Parenting, What If I Owned Everything?, Money Planner for Kids, 50 Money Making Ideas for Kids, Teaching Your Child About Money Matters, Me Wonderfully Made, All About Money, Talent and Time Series, How Things Work Series, Pocket Change Series, Great Smoky Mountains Storybook Series, World's Easiest Pocket Guide Series,
His Legacy
Larry's memory is held dear by all those whose lives he touched: his family, his friends, and his ministry partners. He lived a life of Christian kindness and genuine humility. He was always extraordinarily generous. One of the central principles Larry taught is that we don't really own things; we are simply stewards and managers of what God has entrusted to us. In Larry's case, that included the ministry he founded.
Larry Burkett dedicated his life to teaching people biblical financial principles. He poured his life into serving the Lord through this ministry. He loved the ministry, he loved his staff which he believed was an extenuation of his own family... Caring for family first was foremost to laying a rock-solid foundation to ensuing a genuine love for the people who looked to the ministry for help in their time of need. Larry's compassion was so evident. His Radio Listeners could not see him, but could feel, his concern and even his tears for them.
Prior to his death, Larry founded the Larry Burkett Foundation®. The Larry Burkett Foundation® accepts donations to help needy individuals through and promoting organizations such as The National Christian Foundation®, Atlanta, Georgia and Helping Hands Ministries, Inc, Tallulah Falls, Georgia,. Please send your tax-exempt donation to:
Larry Burkett Foundation® 1330 Old Woodbine Rd NE Atlanta, GA 30319-1040
This review is from: The Coming Economic Earthquake: Revised and Expanded for the Clinton Agenda (Paperback)
This book clearly outlines why the recession is here and it was written in 1991 predicting it. Although the writer is Christian, he does not explain the recession as an end of times brought on by God. Previous reviews written by Christian haters should be ignored. Larry Burkett explains clearly what the government has been doing wrong with regards to our economy and why it is doomed. I highly recommend this book.
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This review is from: The Coming Economic Earthquake: Revised and Expanded for the Clinton Agenda (Paperback)
Written in 1991, and just analyzing the US economy based on its accumulation of debt, Burkett makes some startling predictions, including a fictional chapter of what might happen that reads like the headlines of October 2008. With government spending out of control, even more promised spending on the way, and a people that now expects entitlements - the collapse has to be near. There simply isn't enough money in the WORLD to keep propping up the US debt.
The parallels with 1930s Germany and 1970s Argentina should wake up folks to the disastrous effects of runaway debt, both personal and national.
As a Christian, though, Burkett makes sure to point out that all these difficulties are really just symptoms of the greater root problem: the nation has turned from God.
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This review is from: The Coming Economic Earthquake: Revised and Expanded for the Clinton Agenda (Paperback)
While Mr. Burkett's timing for the economic collapse is off the principals remain solid. Our economy will collapse and his book fortells how and why, while still offering hope. Much thought to chew on.
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