Dr. Laurence J. Kotlikoff, Professor of Economics at Boston University, has recently warned, “Our nation is in terribly hot water. Business as usual is no answer.” Dr. Kotlikoff notes that our unfunded liabilities have now exceeded a staggering $200 trillion dollars and the American dream is quickly becoming an “American nightmare” for millions of people unless the U.S. adopts radical fiscal reforms.
Not only could our fiscal irresponsibility have catastrophic consequences for our country, there is a growing consensus among Wall Street economist and analysts that we are drawing dangerously close to a financial reckoning day. In his book, America’s Financial Reckoning Day, author Charles H. Coppes has carefully documented our nation’s path to financial ruin and provides the reader with an intriguing background of U.S. monetary history leading up to the creation of the Federal Reserve System and the growth of our modern Welfare State. For the baby-boom generation this is a serious wake-up call that domestic and foreign issues are converging to script the perfect financial storm that includes everything from massive unfunded liabilities, municipal bond defaults and derivatives exposure to an eventual U.S. sovereign debt default, currency collapse and hyperinflation.
America’s Financial Reckoning Day provides a comprehensive briefing with helpful charts and explanations for busy lay readers who are anxious to understand the critical times that we are living in. Written from a distinctly Christian worldview, this book presents a clear case for America’s monetary and political decline, which also must be seen from a prophetic matrix that envisions the rise of the European Union as a superpower, China’s economic influence, the geopolitics of oil and the implications of war in the Middle East. The book concludes with an inspirational message of hope along with some sensible investment and hedging strategies for contrarian investors.
Not only could our fiscal irresponsibility have catastrophic consequences for our country, there is a growing consensus among Wall Street economist and analysts that we are drawing dangerously close to a financial reckoning day. In his book, America’s Financial Reckoning Day, author Charles H. Coppes has carefully documented our nation’s path to financial ruin and provides the reader with an intriguing background of U.S. monetary history leading up to the creation of the Federal Reserve System and the growth of our modern Welfare State. For the baby-boom generation this is a serious wake-up call that domestic and foreign issues are converging to script the perfect financial storm that includes everything from massive unfunded liabilities, municipal bond defaults and derivatives exposure to an eventual U.S. sovereign debt default, currency collapse and hyperinflation.
America’s Financial Reckoning Day provides a comprehensive briefing with helpful charts and explanations for busy lay readers who are anxious to understand the critical times that we are living in. Written from a distinctly Christian worldview, this book presents a clear case for America’s monetary and political decline, which also must be seen from a prophetic matrix that envisions the rise of the European Union as a superpower, China’s economic influence, the geopolitics of oil and the implications of war in the Middle East. The book concludes with an inspirational message of hope along with some sensible investment and hedging strategies for contrarian investors.
