History DOES Repeat Itself | Bankruptcy 1995: The Coming Collapse of America and How to Stop It

Still Relevent for Today | Bankruptcy 1995: The Coming Collapse of America and How to Stop It | Harry E. Figgie, Gerald J. Swanson

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	• Bankruptcy 1995: The Coming Collapse of America and How to Stop It Harry E. Figgie, Gerald J. Swanson Little Brown & Co (P), 1993 - 289 pages average customer review:based on 5 reviews view larger image
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is coming true late (due to clinton administration)

I read this in hardcover when it was first published and it was very interesting and seemed credible. It did not come true in 1995 as predicted. However, in June, 2002 so much of that book has come true it is frightening.

In retrospect, legislation proposed by Clinton/his administration (and then enacted) postponed the predictions in this book. Just in recent months (Spring, 2002) this book has proven itself. Unfortunately, more of its predictions may come to pass.

Easy to read, but very disconcerting because of the negative impact on this country. Services will decline due to economics is just one prediction. Yesterday's news announced "budget cuts" in Tulsa schools including more pupils per classroom and school beginning later in the calendar year, elimination/reduction in programs,etc. Roads not being repaired and then falling apart has already occurred in OK due to "lack of funds". Hopefully, not all the predictions in this book will come true.

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History DOES Repeat Itself

I first read this book after its initial printing and was intrigued with the analysis of economies that failed, and why.

What I found MOST intriguing was the steps the governments took to stabilize their hold over their citizens - which included more controls over their movement AND the movement of their money.

Does ANY of this sound familiar?

With it now being 2006 and 2007 is just around the corner, this book should be on your read now list. Why? Because too much of today's economic picture/climate is paralleling the ones in the book. Controls are being put upon us that are like the ones enacted by a failing economy like several of the ones profiled in the book.

The Orwellian nightmare is much closer than you think!

And...

if history repeats itself...

well, better to be forewarned and better prepared.

I'm going to read mine again.

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Still Relevent for Today

In this current bubble of false prosperity people are choosing to criticize Harry Figgie rather than examine the evidence he presented. Congress hasn't changed with the Republicans; they are still spending beyond the money taken in. The national debt is still growing and we are still headed for a financial disaster. In the Great Depression the Government bailed out the people with funny money. When the Government goes broke, who will bail them out?

Those who consider it all hype just because it didn't happen on Harry Figgie's timetable are only deluding themselves.

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A lucid explanation of America's deficit crisis discusses the potential impact on both ordinary American citizens and the global economy of a national bankruptcy and offers suggestions on how to avoid financial ruin. 150,000 first printing.

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