January 02, 2020
Reuters calls the 2010s the DECADE OF DEBT. American corporations have become the paradigm of greed, dishonesty, unprecedented debt, and the quick buck. All caution was thrown out the window ten years ago. While the federal government was running trillion dollar deficits, corporate America was running up annual trillion dollar deficits too. But, they weren’t spending it on equipment and development. They were spending it on fake dividends and buying their own stock — 60% of the deficits! At the same time the S&P Price to Earnings ratio was bumping into the mid-20s. Not Good. Not Good. Not Good. But, what are the real heart problems with America? What will greed, debt, and the get-rich-quick schemes do to a country, to the largest economies in the world. . . to China. . . to Japan. . . to the whole world?
About Your Host, Kevin Swanson
Homeschooled himself in the 1960's and 70's, Kevin Swanson and his wife, Brenda, are now homeschooling their five children. Since graduating from his homeschool and then serving as student body president of a large west coast university, he has gone on to other leadership positions in corporate management, church, and other non-profits.