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Bankruptcy of Our Nation
The U.S. national debt is $15.6 trillion, with future unfunded obligations of $118 trillion. Don't face the worsening financial crisis trapped, living paycheck to paycheck! Learn how Americans have been driven to the point of economic crisis with the rise and fall of the U.S. dollar, growing inflation, and an out of control Federal Reserve. Get the information and strategies you must know to protect your family in this financial survival guide today!
320 pages, Paperback
First published March 18, 2009
31 people are currently reading
122 people want to read
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Displaying 1 - 14 of 14 reviews
March 2, 2011
"Bankruptcy of Our Nation" is about how greed and poor government policy has created an inevitable, coming financial crisis for the American government that will affect everyone in America. There's a lot of good, important information in this book, especially in the first half. There's no getting around that the "coming crisis" is real. The question is only how severe it will be and when it will occur. Therefore, I was disappointed that the "12 key strategies for protecting your finances" made up only one slim chapter.
The book was a quick, easy read. Some of the information was repeated, but those unfamiliar with these concepts might appreciate the repetition. Some of his speculation about the future is already out of date, but that doesn't significantly affect the overall value of the book.
However, I questioned the wisdom of a few of his "surviving" strategies, like putting money into (among other suggestions) fine art. If people can't afford food, why would they place any monetary exchange value on art? And if all the world's currency systems are potentially as unstable as ours, is it really wise to invest a full third of your money in foreign currency?
I also felt like he got a little sidetracked in the chapters about the Federal Reserve. I felt like he was leaving some information out, that some of his statements there were misleading, and I didn't accept some of his conclusions. For example, on page 173, he said, "Money is debt. And debt is money. The concept that all money in our modern society is actually debt may be foreign to you." Okay, so in certain circumstances, money is printed in order to meet the debt need. However, money has buying power and the ability to pay off ("cancel") debt, so it can't be debt.
I was also amazed that he managed to potentially offend just about every type of reader. He blamed both political parties for the problem (most of which he backed up with facts). The last 47 pages suddenly contained a lot of references to Christianity (which will turn off non-Christians), but then he makes statements that most Christians won't agree with. Personally, I didn't like how he basically said that rich Americans and banks were deliberately trying to financially ruin the helpless "working poor and middle class." I know rich people who have honestly earned their wealth through hard work and wise use of their money and poor people who have lost theirs through foolish use of their money. I don't think he's making a fair generalization, and I think that everyone ought to look to how they've contributed to the problem instead of looking for someone to blame.
Overall, this book has some very important information, but I question some of its accuracy so you might want to research it more on your own.
I received this book as a review copy from the publisher.
The book was a quick, easy read. Some of the information was repeated, but those unfamiliar with these concepts might appreciate the repetition. Some of his speculation about the future is already out of date, but that doesn't significantly affect the overall value of the book.
However, I questioned the wisdom of a few of his "surviving" strategies, like putting money into (among other suggestions) fine art. If people can't afford food, why would they place any monetary exchange value on art? And if all the world's currency systems are potentially as unstable as ours, is it really wise to invest a full third of your money in foreign currency?
I also felt like he got a little sidetracked in the chapters about the Federal Reserve. I felt like he was leaving some information out, that some of his statements there were misleading, and I didn't accept some of his conclusions. For example, on page 173, he said, "Money is debt. And debt is money. The concept that all money in our modern society is actually debt may be foreign to you." Okay, so in certain circumstances, money is printed in order to meet the debt need. However, money has buying power and the ability to pay off ("cancel") debt, so it can't be debt.
I was also amazed that he managed to potentially offend just about every type of reader. He blamed both political parties for the problem (most of which he backed up with facts). The last 47 pages suddenly contained a lot of references to Christianity (which will turn off non-Christians), but then he makes statements that most Christians won't agree with. Personally, I didn't like how he basically said that rich Americans and banks were deliberately trying to financially ruin the helpless "working poor and middle class." I know rich people who have honestly earned their wealth through hard work and wise use of their money and poor people who have lost theirs through foolish use of their money. I don't think he's making a fair generalization, and I think that everyone ought to look to how they've contributed to the problem instead of looking for someone to blame.
Overall, this book has some very important information, but I question some of its accuracy so you might want to research it more on your own.
I received this book as a review copy from the publisher.
February 11, 2020
This book should be a mandatory reading in hight school. do your self a favor and read this book if you want to protect you financial future
This book makes great complement with Guide to Investing in Gold and Silver, Mike Maloney.
One you finish both books you wont feel like putting money in bank anymore.
Very affordable, I can guaranty the returns are gonna be huge.
As Feb 11 2020, I have finish moving all my saving to gold and silver.
Thanks Jerry
This book makes great complement with Guide to Investing in Gold and Silver, Mike Maloney.
One you finish both books you wont feel like putting money in bank anymore.
Very affordable, I can guaranty the returns are gonna be huge.
As Feb 11 2020, I have finish moving all my saving to gold and silver.
Thanks Jerry
April 27, 2025
I read this because it was recommended for my kids to read it for school for economics, and I wanted to read it first. I actually learned a lot about things I had had questions about with the economy the past year. I did feel like he was a little redundant, but it was a lot of information. it was NOT easy reading due to the subject, but he made it as easy to read as possible. I liked the end of chapter reviews. I liked that he put lots of breaks and headings. Was there some bias? Sure. had his predictions back in 2009 come true yet? Nope. But I can see how some things he said are happening...just not the way he thought they would. I can see how one day the one world currency will happen. I do recommend reading it if you want to know how banks work, the Fed, tariffs, oil, debt, etc. I would not call this a super uplifting book for sure. Don't read it when you are feeling down or overwhelmed. he does give advice in the end that sounds a lot like Dave Ramsey plus gold.
October 30, 2020
Jerry Robinson does a great job at explaining the financial state of the United States. Starting with why the Federal Reserve started and how much power the Reserve has claimed over the years. This book is not for the faint of heart, however every American should read it to prepare for the future of our nation.
January 25, 2021
This is a very educational book, that includes a lot of history lessons. In the beginning it read more as such. As the book goes on, you find yourself taking notes, and searching things online to expand on what you’ve read. I purchased this book as part of my teen’s Economics course. They hadn’t started the book portion of the course yet so I read it, and I’m so glad I did.
July 4, 2019
Eye opening information. Easy to follow history and explanation of money. Read as part of an economics class. Wish I had read this much sooner as I probably would have made different decisions with my finances.
September 20, 2020
Basic must read
Very informative and eye opener material to current monetary structure. Though some of the stuff is dated, I enjoyed reading a lot and benefitted immensely.
Very informative and eye opener material to current monetary structure. Though some of the stuff is dated, I enjoyed reading a lot and benefitted immensely.
November 3, 2020
Yes, I liked this. It educational, and an easy read.
April 25, 2024
Good informational book. Read this for school and I learned alot
September 11, 2009
Perfect for : Personal Use
In a nutshell: With Bankruptcy of Our Nation, Jerry Robinson has done a good job of informing us about the current economic problems we are facing in the United States. He shows us why the value of the dollar is declining, and how debt has grown. He also shows us what the economy may look like in the future based on our current economy. His research is well-documented within each chapter, and the information he shares is easy to understand. Jerry Robinson ends the book by sharing with us twelve strategies for ensuring that your finances are protected in the uncertain future. These are very helpful strategies, and my only wish is that more of the book was spent discussing them. Overall, the book is very informative, insightful, and thought-provoking.
Extended Review:
Content: Part 1: The Demise of the Dollar (What is Money. . . Really?, A Short History of Fiat Currencies, Why the Dollar is Doomed). Part 2: A Nation of Debt (America: The Greatest Debtor Nation in World History, The 2040 Crisis, Why Inflation is Coming). Part 3: The Energy Crisis (Hubbert's Peak: Our Greatest Fears Confirmed, The Coming Breakdown of the Petrodollar System, The Future of Oil and the End of Dollar Hegemony). Part 4: The Federal Reserve Fraud (How America Lost the Revolutionary War, Modern Money Mechanics: What the Banking Industry Does Not Want You to Know, Bailout Nation). Part 5: The End of the Consumption Gospel (Maxed Out: The New American Slavery, Shattering the Myths of the American Mindset, Why the Message of "Sacrifice" is Coming to the American Church, Forecasting the Future, Twelve Key Strategies for Weathering the Impending Economic Storm).
Format: The subjects within the book progress nicely, and are supported by documented research (endnotes of each chapter).
Readability: The book is written in a manner that is understandable for everyday people.
Overall: The book provides a lot of insight into how we arrived where we are, and what may happen if we keep doing what we've done. There are some very good actions to take in the last chapter to safe-guard your finances - I just wish this was a bigger focus of the book overall.
In a nutshell: With Bankruptcy of Our Nation, Jerry Robinson has done a good job of informing us about the current economic problems we are facing in the United States. He shows us why the value of the dollar is declining, and how debt has grown. He also shows us what the economy may look like in the future based on our current economy. His research is well-documented within each chapter, and the information he shares is easy to understand. Jerry Robinson ends the book by sharing with us twelve strategies for ensuring that your finances are protected in the uncertain future. These are very helpful strategies, and my only wish is that more of the book was spent discussing them. Overall, the book is very informative, insightful, and thought-provoking.
Extended Review:
Content: Part 1: The Demise of the Dollar (What is Money. . . Really?, A Short History of Fiat Currencies, Why the Dollar is Doomed). Part 2: A Nation of Debt (America: The Greatest Debtor Nation in World History, The 2040 Crisis, Why Inflation is Coming). Part 3: The Energy Crisis (Hubbert's Peak: Our Greatest Fears Confirmed, The Coming Breakdown of the Petrodollar System, The Future of Oil and the End of Dollar Hegemony). Part 4: The Federal Reserve Fraud (How America Lost the Revolutionary War, Modern Money Mechanics: What the Banking Industry Does Not Want You to Know, Bailout Nation). Part 5: The End of the Consumption Gospel (Maxed Out: The New American Slavery, Shattering the Myths of the American Mindset, Why the Message of "Sacrifice" is Coming to the American Church, Forecasting the Future, Twelve Key Strategies for Weathering the Impending Economic Storm).
Format: The subjects within the book progress nicely, and are supported by documented research (endnotes of each chapter).
Readability: The book is written in a manner that is understandable for everyday people.
Overall: The book provides a lot of insight into how we arrived where we are, and what may happen if we keep doing what we've done. There are some very good actions to take in the last chapter to safe-guard your finances - I just wish this was a bigger focus of the book overall.
October 23, 2013
There are far better books out there on economics.
I couldn't finish reading this thing, I kept trying in the hope I can understand where people come from with these points.
This guy has too much of an agenda and is a bit wacky. Early on in the book, he says to not worry, Jesus will save us. Umh... Could you just tell me how economic policy can save us and save the bible stuff?
Another time he's talking about some conversation with someone from his church who believes money is evil. Not sure if it was made up or not, it was a very clunky story with unbelievable dialog. My guess is he made it up. Either way, it came off as incredibly arrogant and patronizing. If it really happened, he talked down to this woman as though she were an imbecile. Although, she thinks currency is actually possessed, so....
Then the author assures me that he won't bother me with pesky economic terms... Uh what? It's a book on economics that I bought, I meant to be bothered by those pesky big words... My guess is the guy doesn't actually know economic theory and if he tried using those pesky big words, he'd have exposed how little he actually knows.
I don't know what was more of a waste, my time or money.
I couldn't finish reading this thing, I kept trying in the hope I can understand where people come from with these points.
This guy has too much of an agenda and is a bit wacky. Early on in the book, he says to not worry, Jesus will save us. Umh... Could you just tell me how economic policy can save us and save the bible stuff?
Another time he's talking about some conversation with someone from his church who believes money is evil. Not sure if it was made up or not, it was a very clunky story with unbelievable dialog. My guess is he made it up. Either way, it came off as incredibly arrogant and patronizing. If it really happened, he talked down to this woman as though she were an imbecile. Although, she thinks currency is actually possessed, so....
Then the author assures me that he won't bother me with pesky economic terms... Uh what? It's a book on economics that I bought, I meant to be bothered by those pesky big words... My guess is the guy doesn't actually know economic theory and if he tried using those pesky big words, he'd have exposed how little he actually knows.
I don't know what was more of a waste, my time or money.
March 17, 2016
Plenty of good, mostly common sense, financial information and ideas here. Author tends to repeat many of his points throughout the book but that helps reinforce some of the ideas he is presenting. Fairly balanced except one chapter that seemed out of place as it read as a biased attack on one administration when it is well known that problems we are facing did not originate that one-sided. It really made me question what else in the book is spin. Some facts are backed up by other books I have read but anything I was unfamiliar with I have to wonder if it was fairly presented.
March 23, 2014
Very easy to read, simplified primer on the subject. It covers what money is, what fiat money is, why fiat money doesn't last more than 40 years. Also covers how Nixon took us off the gold standard and replaced it with the petro dollar. Covers why we're heading for an economic collapse and some strategies you can take to survive it.
If you are totally ignorant on any of these subjects, this book is a very accessible primer to begin learning about them.
If you are totally ignorant on any of these subjects, this book is a very accessible primer to begin learning about them.
January 19, 2014
quick read, better books out there and if you aren't am evangelical Christian the biblical references will probably drive you nuts.
Displaying 1 - 14 of 14 reviews