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UNDERSTANDING NATIONAL WEALTH IBD

RICHARD SMITH
COVENANT BOOKS
11 / 2019
9781645599647
Inglés

Sinopsis

Far too many public statements are taken as fact and go unchallenged, such as, &ldquo,The country is on the verge of bankruptcy,&rdquo, to &ldquo,We are saddling future generations with crushing levels of debt,&rdquo, to &ldquo,China has undue leverage over us since they own most of our national debt.&rdquo, Statements as these range from being wild distortions to complete nonsense.A well-informed populace needs to push back on half-truths, untruths, obfuscations, and demagoguery, with facts and empirical evidence at their fingertips&mdash,and that is the point of this book.Can you answer these questions? What is the total asset base of the United States? $150 trillion? $50? $20? What is the total net worth of the United States? $100 trillion? $50? $10? What percent of the federal US debt is owned by China? 35%? 20%? 5%? What is household consumer credit as % of all national assets? 30%? 15%? 3%? Understanding National Wealth provides the evidence and perspective for a more honest, objective conversation. As the adage goes, &ldquo,Everyone is entitled to their own opinion but not their own set of facts.&rdquo, Fragmented information about the country&rsquo,s financial position is in many different places and forms. Therefore, &ldquo,one cannot see the forest through the trees&rdquo,. This book provides a succinct summary of where the nation stands financially by bringing together and consolidating the best available data into a national balance sheet containing all private and public sector assets and liabilities. In short, this breakthrough perspective properly analyzes the nation&rsquo,s economy and financial health. Understanding National Wealth is a comprehensive first-of-its-kind financial report on the nation, with the specifics of the country&rsquo,s wealth well-documented and analyzed.

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17,12€