Customer Reviews

The Coming Economic Earthquake: Revised and Expanded for the Clinton Agenda

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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.

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.

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.

I remember reading this back when it first came out and I'm glad I did. I learned the necessity of living within one's means and staying out of debt the best one could. Now it's 2009 and we all know he was right. Our house of cards has come crashing down and we all suffer the results which will last for a long long time. Thankfully I listened and have paid off my last big debt which was my car. Now I'm for all practical purposes debt free with ample savings to live comfortably when I retire. Thanks Mr. Burkett from one very grateful reader so long ago.

One of many who were right, but ignored. Yes, his timing was off, but that doesn't really matter now, does it? He was undeniably right about the problem and the earthquake that would result if something wasn't done about it. Needless to say, nothing was done, and the earthquake is underway. Mr. Burkett passed away several years ago, but what I find most disturbing of all, is that he and others like him were, and amazingly, still are, criticized by those who never saw it coming, argued that it wasn't coming, and would argue we are through the worst of it. I take this state of denial to be a sure sign that we will not be addressing the problem anytime soon.

I read this book back in the 90's, just after it was written. I remember that it put me on a state of alert as I waited for the sky to fall. Well .......... nothing happened. The economy seemed to get better, much better, and my state of alert faded away - totally ignorant of what was fueling the party....debt. National economies will rise, fall, recover, and repeat; but debt isn't like that, unless you attack it, it only grows. Anyhow, my state of alert is back.

I have undertaken a more recent study of the problem, and find myself more alarmed than ever. The size of our real debt (federal/state/local/personal) and "unfunded liabilities" are beyond belief. We have managed to kick the problem down the road for years, but that will cease to be an option very soon. The financial realities of the world will require that the debt be addressed...soon. It really is amazing we were able to get as far as we have under these conditions, and I'm sure Burkett was thinking the same thing. Nevertheless, a few years reprieve will be meaningless when it all falls apart.

The internet boom and massive credit gave the economy tremendous momentum (I believe it warped our view of a sound economy and sound personal finances), and the U.S. dollar being the world's reserve currency gives us a HUGE homefield advantage over the rest of the world, otherwise, Burkett's timing would have been more accurate. However, the world is getting fed up with our currency shenanigans and are going to stop footing the bill, at that point the US taxpayer will pick it up and the party will officially be over, and no way to kick it down the road. The U.S. is not Greece - there will be no bailout, except from the US taxpayer.

The outbreak of the problem was delayed a few years, but in those few years in grew exponentially. Instead of a painful, but treatable condition; we now face a crisis.

This book is written well. Cleanly, to the point. There is cause and effect to how we have been living: lots of debt/credit. At the national level. Those of us that have been prudent with our personal finances need to take heed of this book as well, because it illuminates what the gov't has set the country up for, a massive collapse. Out of everyone's control at this point.

A+ must read.

I read the original edition of this book just in the past week and regret not reading it earlier.

Personally, I am convinced that we are living in the time period he was envisioning in the book.

Very thorough research and the author makes it very simple to understand using fictional accounts and relating real experiences. He is humble in his approach.
He is clearly not intending this book to be used for timing the problem but rather to prepare those who read it for the coming turmoil awaiting our nation.

We may be in the final stages of this economic meltdown but there may be still a chance to salvage ourselves.

As always truth is sometimes bitter to begin with but it is always sweeter to those who receive it prudently.

This is truly a GREAT book that my son-in-law recommended I check out. I decided to buy one so I could read again and share.

Those some of his predictions (such as 2000) about an economic earthquake hasn't happened yet nor are we that close even with the largest deficit in history. Although it's hard to predict such things...But Larry Burkett makes valid warnings about huge goverment and public deficits and it's impact on the economic that normally leads to hyper-inflation. My impression from the data contained in the book and history thereafter, the government deficit will not have a negative impact such as hyper-inflation till most of the baby boomers are retired. I wish Larry would have updated this topic! The book is still worth buying as it has valuable information, it's super cheap...

Great Book, of course it is not up to date, but the things that he surmised would happen, have happened, a little later than he thought, but really close. It gives major insight as to why our economy is crumbling. This book was published in 1995, when our country was about 4 trillion dollars in debt, now we are 14.2 trillion dollars in debt. Larry Burkett said that there would come a time when the money would run out, and he was right. This book explains to the novice exactly how the money system works in our country, but I would also recommend it for the "in the know" people, because they aren't doing so hot right now.