United States Debt Crisis
- Part VII
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United States Debt Crisis
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|Part 7|US Debt Crisis - The US is dropping into a void. How deep is the federal debt going? How does United States debt crisis affect the GFC and my finance?
13 – Moving Forward -72) The Global FC Zone, by presenting macro-financial information, may also assist in revealing its micro-financial reflections. Governmental financial mismanagement, it appears, can walk closely with personal financial mismanagement. As previously mentioned, government debt crisis can be everyone's debt crisis. 73) Perhaps, the system can be equally or similarly adjusted from above and below. Perhaps, managing one's
personal finance
with ever-increasing acuity can produce ever-abundant profits borne from wisdom - and reflect the light of personal, productive transformation - throughout the GFC. Perhaps, managing personal debt crisis can assist in managing country-wide debt crisis. 74) Dr. Charles F. Haanel, the author of The Master Key System, comments, “The three things which all mankind desires and which are necessary for his highest expression and complete development are Health,
Wealth,
and Love.” 75) Adam Smith, the author of The Wealth of Nations, contributes, “What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?” 76) Mathon, the dealer in jewels and rare fabrics and gold lender of Babylon concludes: “Youth is ambitious. Youth would take short cuts to wealth and the desirable things for which it stands. To secure wealth quickly youth often borrows unwisely. Youth, never having had
experience,
cannot realize that hopeless
debt
is like a deep pit into which one may descend quickly and where one may struggle vainly for many days. It is a pit of sorrow and regrets where the brightness of the sun is overcast and night is made unhappy by restless sleeping. Yet, I do not discourage borrowing gold. I encourage it. I recommend it if it be for a wise purpose. I myself made my first real success as a merchant with borrowed gold... If thou dost safely preserve thy treasure it will produce liberal earnings for thee and be a rich source of pleasure and profit during all thy days. But if thou dost let it escape from thee, it will be a source of constant sorrow and regret as long as thy memory doth last.” Good debt investment and bad debt crisis – the difference between pit dweller, and
mountain king.
On behalf of The Global FC Zone, Crisis to Profit. Roth
1) Franklin, Benjamin. The Way to Wealth.2) http://www.federalreserve.gov 3) Downes, John; Goodman, Jordan Elliot. Barron's Dictionary of Finance and Investment Terms. 4) The Peter G. Peterson Foundation. I.O.U.S.A.: One Nation. Under Stress. In Debt. 5) http://www.brainyquote.com 6) http://www.usgovernmentspending.com 7) “Recent Trends in Government Spending.” http://krugman.blogs.nytimes.com/2010/12/24/recent-trends-in-government-spending/ 8) Downes, John; Goodman, Jordan. Barron's Dictionary of Finance and Investment Terms. 9) Barrons, Roth E. Born to Die: Rising from the Explosion of the Global Financial Time Bomb. 10) Michael Mandel. “Get It Straight: Consumer Spending is *not* 70% of GDP.” http://www.businessweek.com/the_thread/economicsunbound/archives/2009/08/get_it_straight.html. 11) Clason, George. The Richest Man in Babylon. 12) Haanel, Charles. The Master Key System. 13) http://www.thinkexist.com
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