By David Wiedemer
America’s Bubble economic system is the 1st e-book to target a number of simultaneous monetary bubbles which are interacting to quickly boost—and finally threaten—the usa and global economies. full of professional research and immediately speak, this ebook will allow you to flip the arriving monetary transformation right into a once-in-a-lifetime wealth-building chance.
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Extra resources for America's Bubble Economy: Profit When It Pops
But buying on credit has become a way of life, almost an addiction, in America. Generations ago, it was common to squirrel away money for a special future purchase. qxp 8/8/06 1:38 PM Page 21 Executive Summary of items at low or no interest, and unsolicited credit card offers coming daily in the mail, instant gratification has become the norm. So is it reasonable to say America faces a bubble in consumer debt? Look at it this way: If we all quit our credit card habits cold turkey today and continued to make our minimum payments, it would take us many decades to pay it all off.
In time, tulip exchanges were established and jobbers manipulated the price. Up from dirt, tulip bulbs had magically become living diamonds. Of course, being tulip bulbs and not diamonds, it was only a matter of time before some people began to worry that the high price of tulip bulbs might (pardon our pun) return to earth. As soon as enough people became worried enough, the price of tulips wilted like a cut flower. During the height of tulip mania, it was common knowledge that tulips were quite valuable.
STEP Evolution won’t help you figure out where to place your next investment bet; but we think it will give you some fascinating and unusual insights into today’s rapidly changing world. com/comments. qxp 8/8/06 1:38 PM Page 36 America’s Bubble Economy more details than we could fit in the book, as well as the latest updates about the coming financial Bubblequake. com/ attribution. S. and world economies—wouldn’t most people have noticed it by now? As stunning as it may seem, the answer is no. It’s true that a growing number of people are beginning to notice some cracks in our surface prosperity.