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The coming economic earthquake

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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 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.

I have both editions of this book, the older edition and the newer revised edition. And each time I read this book it was with trepidation.
Each time I was aware that the grains of the hour glass were slipping by.
This earthquake, which Larry Burkett was speaking & warning about was coming closer and closer and yet no one seemed to be listening.
Larry Burkett just used common sense in writing this book: You cannot go on spending more than you earn. He warned this collapse was coming.
He wasn't a prophet, he didn't know exactly when it would come, but he said it was coming. And now, his very words have come to pass just as he said would happen. And our government representatives are still not listening to him, or other reputable financial advisors. They are still spending more than anyone can afford. They are still behaving foolishly at our expense. Maybe we have the government we deserve.
Get this book, read this book, apply the principles set forth in this book, take care of your finances and forget the government. They are only out for themselves. They are after all residing in Washington D.oesn't C.are

It is amazing this book was written 15 years ago, and was premature in the authors projection for the future. Now 15 years latere we are recogonizing the exact conditions that he wrote about and have to accept the downfall of our financial and political system. This is a spiritual and prophetic book that will give an insight into what our world has become, and what is yet to come. Scary reading, but sometimes reality will do that to you.

This is an excellent book. I heard about it on a podcast or radio show and didn't realize it is from the 90's. When you read through it it is startling to say the least. It is based upon sound financial and Biblical principles, and common sense too. No matter who you are, you have a finite means and when you borrow to your eyeballs (or you have magic printing presses that can make FRN's any time you like...) you will owe more and more until there is no way to pay it back.

There are great examples from history too, Germany's Weimar Republic, Argentina, Zimbabwe, etc. where spending got out of control, money inflation, hyperinflation, economic disaster. Then people would burn money for heat and use a whole box for a loaf of bread. There was even the example of buying a bottle of wine for dinner and the next day the bottle was worth more empty.

It was an interesting book and practical too. Some are simply just optomist or pessimist. When you see danger lurking ahead, and things getting thin, sticking your head in the sand does NOTHING to fix the problem. In fact, it makes you a sitting duck. Sometimes hard and wise decisions must be made, both individually and as a culture, to bring wisdom, truth, responsibility, and restraint back to a city, state, and country. Otherwise we have dug our own grave and are preparing to fall into it. It doesn't matter whether we are the United States of America or whoever - the verse that states, "Pride goes before destruction" (Prov. 16:18) still applies. I pray we come to our senses and realize our stupidity, greed, and waste. Personal responsibility is always a great habit. :)

This book provides the history and the facts that show where we are headed as a nation. Some of the things written are amazing for a book published in 1991. Larry did not live to see some of what he wrote about actually happen. We are seeing some of the signs now. It is a sobering wake up call to get prepared, to get my house in order and help others to do the same.

Read a book that will amaze you about the truth that has been known all along!! What were we expecting the way we were going with our money?? Read and find out how it all came to fruition!! Amazing facts!!