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Bankruptcy of Our Nation: 12 Key Strategies for Protecting Your Finances in These Uncertain Times

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Bankruptcy of Our Nation: 12 Key Strategies for Protecting Your Finances in These Uncertain Times

by Jerry Robinson

3.75 · rating details · 4 ratings · 2 reviews

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 tur...more

Paperback, 272 pages

Published April 1st 2009 by New Leaf Press (AR) (first published March 18th 2009)

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Mar 02, 2011

Debbie rated it

Shelves: non-fiction

"Bankruptcy of Our Nation" is about how greed and poor government policy has created an inevitable, coming financial crisis for the American government that will affect everyone in America. There's a lot of good, important information in this book, especially in the first half. There's no getting around that the "coming crisis" is real. The question is only how severe it will be and when it will occur. Therefore, I was disappointed that the "12 key strategies for protect...more"Bankruptcy of Our Nation" is about how greed and poor government policy has created an inevitable, coming financial crisis for the American government that will affect everyone in America. There's a lot of good, important information in this book, especially in the first half. There's no getting around that the "coming crisis" is real. The question is only how severe it will be and when it will occur. Therefore, I was disappointed that the "12 key strategies for protecting your finances" made up only one slim chapter.

The book was a quick, easy read. Some of the information was repeated, but those unfamiliar with these concepts might appreciate the repetition. Some of his speculation about the future is already out of date, but that doesn't significantly affect the overall value of the book.

However, I questioned the wisdom of a few of his "surviving" strategies, like putting money into (among other suggestions) fine art. If people can't afford food, why would they place any monetary exchange value on art? And if all the world's currency systems are potentially as unstable as ours, is it really wise to invest a full third of your money in foreign currency?

I also felt like he got a little sidetracked in the chapters about the Federal Reserve. I felt like he was leaving some information out, that some of his statements there were misleading, and I didn't accept some of his conclusions. For example, on page 173, he said, "Money is debt. And debt is money. The concept that all money in our modern society is actually debt may be foreign to you." Okay, so in certain circumstances, money is printed in order to meet the debt need. However, money has buying power and the ability to pay off ("cancel") debt, so it can't be debt.

I was also amazed that he managed to potentially offend just about every type of reader. He blamed both political parties for the problem (most of which he backed up with facts). The last 47 pages suddenly contained a lot of references to Christianity (which will turn off non-Christians), but then he makes statements that most Christians won't agree with. Personally, I didn't like how he basically said that rich Americans and banks were deliberately trying to financially ruin the helpless "working poor and middle class." I know rich people who have honestly earned their wealth through hard work and wise use of their money and poor people who have lost theirs through foolish use of their money. I don't think he's making a fair generalization, and I think that everyone ought to look to how they've contributed to the problem instead of looking for someone to blame.

Overall, this book has some very important information, but I question some of its accuracy so you might want to research it more on your own.

I received this book as a review copy from the publisher. (less)

· see review

Sep 10, 2009

Wendi rated it

Perfect for : Personal Use

In a nutshell: With Bankruptcy of Our Nation, Jerry Robinson has done a good job of informing us about the current economic problems we are facing in the United States. He shows us why the value of the dollar is declining, and how debt has grown. He also shows us what the economy may look like in the future based on our current economy. His research is well-documented within each chapter, and the information he shares is easy to understand. Jerry Robinson ends the book ...morePerfect for : Personal Use

In a nutshell: With Bankruptcy of Our Nation, Jerry Robinson has done a good job of informing us about the current economic problems we are facing in the United States. He shows us why the value of the dollar is declining, and how debt has grown. He also shows us what the economy may look like in the future based on our current economy. His research is well-documented within each chapter, and the information he shares is easy to understand. Jerry Robinson ends the book by sharing with us twelve strategies for ensuring that your finances are protected in the uncertain future. These are very helpful strategies, and my only wish is that more of the book was spent discussing them. Overall, the book is very informative, insightful, and thought-provoking.

Extended Review:
Content: Part 1: The Demise of the Dollar (What is Money. . . Really?, A Short History of Fiat Currencies, Why the Dollar is Doomed). Part 2: A Nation of Debt (America: The Greatest Debtor Nation in World History, The 2040 Crisis, Why Inflation is Coming). Part 3: The Energy Crisis (Hubbert's Peak: Our Greatest Fears Confirmed, The Coming Breakdown of the Petrodollar System, The Future of Oil and the End of Dollar Hegemony). Part 4: The Federal Reserve Fraud (How America Lost the Revolutionary War, Modern Money Mechanics: What the Banking Industry Does Not Want You to Know, Bailout Nation). Part 5: The End of the Consumption Gospel (Maxed Out: The New American Slavery, Shattering the Myths of the American Mindset, Why the Message of "Sacrifice" is Coming to the American Church, Forecasting the Future, Twelve Key Strategies for Weathering the Impending Economic Storm).

Format: The subjects within the book progress nicely, and are supported by documented research (endnotes of each chapter).

Readability: The book is written in a manner that is understandable for everyday people.

Overall: The book provides a lot of insight into how we arrived where we are, and what may happen if we keep doing what we've done. There are some very good actions to take in the last chapter to safe-guard your finances - I just wish this was a bigger focus of the book overall.(less)

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Nov 21, 2010

Shannon Ferguson marked it as to-read

Sep 22, 2010

Melissa added it

Mar 07, 2010

Kelli Blythe rated it

Sep 17, 2009

Joelle rated it

Shelves: critical-thinking-worldview

May 08, 2009

A. T. Ross marked it as to-read

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