Page 270

Unfair Advantage growing at 10 percent a year. Most people are hoping their political leaders, the government, our schools, and financial institutions will solve our problems. Millions of American seem to believe that throwing the bums out of Washington will solve their problems. I am not as optimistic. It’s not that our leaders, new or old, are necessarily bad people. It’s just that the financial problem has grown too big, beyond the control of our government and our leaders. How much power does the President really have when we owe the world so much money? How does the United States tell China what to do when they have so much of our money? How does the United States influence the world when the world has lost faith in the dollar? To make matters worse, this global loss of confidence in America comes at a time when our internal financial problems are about to explode. In 2010, baby boomers began collecting Social Security, and Social Security is broke. Medicare, an even bigger sinkhole in the U.S. budget, is expected to “go broke” by 2019. In spite of Social Security and Medicare insolvency, our President signed a healthcare reform bill into law, adding further stress to social and financial problems. And the United States continues to fight two wars on two fronts, wars we cannot win. We cannot win because we do not fight industrialized nations as we did in World War II. All we have to do is replace the words “Iraq” and “Afghanistan” with “Vietnam,” a war in which I fought, and people would understand the insanity of these two wars.

Definition of Crisis One of the definitions of the word “crisis” is: “A crucial stage or turning point in the course of something.” In a medical context: “After the crisis, the patient either dies or gets better.” You and I are at a turning point in world history. The question is: Will we die or get better? There are many people who ask, “Is the economy coming back?” My reply is, “The economy has moved on.” 261

Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Profile for jfcotman
Advertisement