Is the world in economic crisis? You bet…

September 6, 2011Post by Laura Humphreys

When I’m not busy waxing lyrical about the importance of planning your business from the end goal backwards, I’m also busy trying to work out how to protect the wealth I created from the sale of my own business in this time of great economic melt down (yes I do see it as a melt down and and am fully engaged in educating myself to try to make good decisions for my future wealth at this time).

I have a few advisors I listen to and a few blogs that I’ve subscribed to which seem to make sense to me.  One of those I follow with most interest at the moment is Capitalist Exploits at

Below are some facts about the current economic situation of USA by Chris from Capitalist Exploits.  Sobering but true:

“It always pays to look at the facts before considering anything else.Lets then take a look.

U.S. Tax revenue: $2,170,000,000,000

Fed budget: $3,820,000,000,000

New debt: $ 1,650,000,000,000

National debt: $14,271,000,000,000

Recent budget cut: $ 38,500,000,000

Let’s remove 8 zeros and pretend it’s a household budget:

Annual family income: $21,700

Money the family spent: $38,200

New debt on the credit card: $16,500

Outstanding balance on the credit card: $142,710

Total budget cuts: $385

Now do you understand why this situation is out of control?”