SUMMARY

WEALTH OF THE UNITED STATES

Plus Major Questions Since The Financial Crisis

Book 3

The final book in the series will discuss the immense wealth amassed by America through its 230+ years of history making it the richest country on the planet, plus many major topics arisen since the Great Recession of 2008 such as the myth of the disappearance of the middle class, the deficit and the national debt, inflation or deflation, and the distribution of the economic pie with very surprising conclusion, which is the real reason why America is so successful with its free capitalism.

 

Section 5

 

SECTION 5: WEALTH OF THE UNITED STATES

Topics include:

Wealth Of The United States And The Asset Backed Dollar
Wealth And Money In The Economy Of The United States
Calculations Proving That No Money Is Printed Out Of Thin Air
Corporations As Proxy For Measure Of Wealth Creation
Paying Off The National Debt Of The United States
Inner Wealth

In this section, the immense wealth that is backing the paper money in circulation is presented in an exciting way. There will be a walkthrough on how the numbers are constructed, step by step. All kinds of money in circulation will be calculated and presented, revealing the final number of total money in circulation in the economy. Finally, the calculation of the total wealth is presented, one that will blow off the hats of those doom and gloom club. Clearly America is not bankrupt, and is still far away from it, and America is still the richest country on the planet in spite of the large debt. Even with persistent trade balance in the negative territory for a full generation, and the recurring government budget deficits since the 70’s, America continue to create more wealth than it consumed, showering the world with many great advancements that totally changed the world forever.

 

Section 6

 

SECTION 6: MAJOR ECONOMIC QUESTIONS SINCE THE FINANCIAL CRISIS

Topics Include:

Should Governments Spend Heavily During Recessions?
Inflation Or Deflation?
The GDP Myth
Why Economic Cycles Cannot Be Prevented
The Fallacy Of Central Bank’s International Reserves
The ‘Disappearing’ Middle Class
Another Take At Inflation
Another Take At Gold
Personal Finance includes Realizing Your Full Potential, Rent Versus Buy, Where You Should Park Your Money and Public Education Of Money And The Financial System

As the final section of the 259 Trillion vs. 5 Trillion book series, is the section is packed with many interesting topics, carefully selected for discussion, to ensure freshness and genuine contents. In this section, the National Debt of the United States is broken down into its basic components and then the budget of the government, is analyzed as well. Once everything is laid bare and the full economic strength of the United States established, the reader will be able to see why America is still the richest, the strongest and the most advance country on the planet. A plan to pay off the National Debt is presented, and the solution is very simple. No need to fight over it.

Then the part on the economic pie distribution is discussed at length. Is it true that the rich is taking the wealth of the poor? The book will explain clearly that capitalism under its current form will reward those who work hard to improve themselves and the world, fairly.

“Another Take At Gold” is another interesting topic. Here the book will explain why gold’s price is high and what will happen to gold’s price in the long run. The nature of gold mining and its production, and the subsequent finale being stored, sitting uselessly inside some buildings, will be analyzed.

“Another Take At Inflation” is a final nail in the coffin of the argument that paper money value would go to zero, given a sufficiently long time. Another popular statement that inflation is actually due to paper money’s value tumbling down is debunked and explained. A discussion on Japan, complete with charts, will explain why Japan’s GDP will start to decline, and why the country is in such a terrible danger, due to runaway debts.

A topic on “International Reserve” is presented in the simplest form possible, and will be a captivating read. If you think your country is rich for having a large international reserve, well, think again! China, with the largest of such reserves in the world, in excess of 3 trillion dollars, is one such country.

Now that the reader understood the fundamentals of the economic system, capitalism’s basics etc., the book will explain whether heavy government spending during times of recessions is good or not. Keynesians, as they would call themselves, who could not even understand what Keynes was saying, said the government should spend everything it has (and doesn’t), like hell. The topic is closely linked with another very interesting topic in the book, “The GDP Myth”. With good learning already acquired in Book 1 and Book 2 of the series, this topic can easily be explained and understood. Many economists could not understand what GDP is and what the impacts of declining GDP are. So they thought, a decline in GDP, is like the end of the world! They could not stop hyping on their own prophesies, which always fail to materialize. Remember the Great Financial Crisis of 2008? Economists missed that one, so do you think you should continue listening to them? This book will present a solution on how to improve yourself and your future.

“The ‘Disappearing’ Middle Class” is another very interesting topic in the book. Well, this book is so packed with many interesting topics; you will have great fun reading it! If the middle class is disappearing, where they are going? The book presented the facts and found out where they all went! You will be shocked yet again, in learning how misleading mainstream economists can be! Their facts are half-truths, seldom analyzed properly and surely never presented clearly. Do you think compound interest is always good for you? Well, think again! The book explained why compound interest and why certain kinds of savings are not good for you.

 

Accusation

 

In the closing of the series, the book answered all of the 22 statements mentioned in Book 1 as a summary for easy reference.

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