The article will enlighten financial perspectives.
A Little Book of Numbers
For Counting and Celebrating Your Blessings
by Gary Moore
Founder, The Financial Seminary
Please Do Not Open Until Temple Talk
"The biggest threat to America right now is not government spending, huge deficits, foreign
ownership of our debt, world terrorism, two wars, potential epidemics or nuts with nukes.
The biggest long-term threat is that people are becoming, and have become, disheartened, that this condition is reaching critical mass."
- Peggy Noonan, The Wall Street Journal, November 1, 2009 ?
What questions do these numbers answer
7. $200 trillion
8. $125 trillion
9. $7 trillion
10. $118 trillion
Answers to the Questions
1. Per capita income for someone living at the time of Christ (all today's dollars). (a)
2. Per capita income for someone living in 1000 AD.(a)
3. Per capita income for someone living in 1776. (a)
4. Per capita for someone living in 1932.(b)
5. Per capita income for a global citizen living today.(b)
6. Per capita income of Americans, 2008, according to the World Bank.
7. Value of the world's stocks, bonds and bank deposits (no real estate included).(b)
8. Latest estimated value of America's assets by the White House.(c)
9. Latest net debts owed by America to other nations.(c)
10. Latest net worth of America.(c)
11. Federal debt in relation to America's assets in 1980.
12. Federal debt in relation to America's assets today.(c) (Surprise!)
13. Federal debt as % of our annual income (GDP) today.(d)
14. Federal debt as % of annual income at end of WWII.(d)
15. Great Britain's federal debt as % of GDP at end of WWII.(d)
16. % of Americans who have no credit cards or pay them off monthly.(e)
17. Median balance on cards of those who don't pay them off monthly.(e)
18. Estimated net worth of someone living today.(d)
(a) The World Economy, A Millennial Perspective
(b) The Financial Times of London
(c) See www.whitehouse.gov/omb/budget/fy2010/assets/spec.pdf (page 199).
(d) The Economist magazine
(e) Federal Reserve
"In the Garden of Eden, the first thing the serpent did was create
in Adam and Eve a sense of scarcity. The serpent's trick, then as
now, is to turn this staggering abundance and gracious protection in
to frightening scarcity. The serpent lied, and we got taken in. Now,
despite the overwhelming evidence that we live amidst overflowing
abundance, we always feel it's not enough. We sense it's running out.
The deepest theological concept is thankfulness. Because to know
God is to thank God."
- Mark Buchanan, Christianity Today
"I am struck by the fact the prophets speaking about the future of Israel
always kept reminding their people of God's great works in the past.
They could look forward with confidence because they could look
backward with awe to Yahweh's great deeds."
- Henri Nouwen, The Genesee Diary
Gary Moore has authored five books on moral finance, the last being Faithful Finances 101 and is the founder of Financial Seminary.
Image credit: © Ignacio García Losa (ignaciogarcialosa.com) via Flickr. Used by permission.