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Larry Burkett Was Right

By: Steve Johnson

10/27/2008 - 63 Comments

Larry Burkett wrote the book ‘The Coming Economic Earthquake’ in 1994, explaining that without a drastic change in direction, the US was headed for a deep depression.

The events that have lead our nation into the financial crisis that we now face, were not as Larry thought it was going to play out, but where we are today is about one year away from Larry’s prognosis of a complete collapse.

“All attempts to establish a time is purely guesswork. … Only when we get within one year of a major economic collapse will the indicators be clear. … It should be noted here that the printing of money to pay the government’s bills will be one of the last, and certainly the most desperate, measures because of the potential severity of the consequences. … I cannot project timing very well but, in the long run, true economic principles take over. … Our single hope of economic recovery resides in the America entrepreneur’s ability to see a need and fill it.”

I wish Larry was alive today to watch his predictions come to past and give the financial community some badly needed advice. Larry says that the government will do anything to avoid the meltdown, but many of their tactics will only delay the inevitable correction.  True indicators will only be clear when we are within one year of the major economic collapse as national banks and investment firms begin failing.

Get ready for the big one, because Larry had a vision for what we are facing today from over 20 years ago.

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A Demon of Our Own Design

Why do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall Street–from Morgan Stanley to Salomon and Citigroup–and a member of some of the world’s largest hedge funds, Rick Bookstaber has seen the ghost inside the machine and vividly shows us a world that is even riskier than we think. The very things done to make markets safer, have, in fact, created a world that is far more dangerous. Bookstaber gives readers a front row seat to the management decisions made by some of the most powerful financial figures in the world that led to catastrophe.

The Coming Economic Earth Quake

Larry Burkett explains how the financial troubles in America started back in the 1930s. Larry explains the economics of huge goverment and public deficits and how it leads to hyper-inflation. We may be headed for another great depression.

Crash Proof

Peter Schiff has predicted the economic hardship more accurately then any other economist in the world in this book. Everything from the housing crash to the credit crunch to the stock market. Peter has a plan to help you servive the crash. Peter explains why the Wall Street investment firms are still trying to sell you stocks, and was the house prices are likely to continue to decline for years to come.

Day of Reckoning

In Day of Reckoning, Pat Buchanan reveals the true existential crisis of the nation and shows how President Bush's post-9/11 conversion to an ideology of 'democratism' led us to the precipice of strategic disaster abroad and savage division at home. Ideology, writes Buchanan, is a false god that seeks vainly to create a paradise on earth. While free enterprise is good, the worship of a 'free trade' that is destroying the dollar, de-industrializing America, and ending our economic independence, is cult madness.