Are You Prepared For 1985? - Neil Earle - March 1984

Neil Earle

"Beware of 1985!" warns Boardroom Reports magazine. Why? More and more the world economy demands careful attention. High interest rates, crushing Third World debt, high unemployment levels, slumping core industries such as automotive and steel, a U.S. debt topping $1,000 billion, the chronic farm crisis aggravated by the ups and downs of the Cold War thermometer. These are some of the economic realities. Then come the realities of widespread drought- in Africa and elsewhere,-killing frosts, floods, insect infestations and government support programs that disrupt the market place. On the personal level citizens face mortgage rate headaches, serious personal debts and the specter of bankruptcy. Wives find work more easily than husbands. These and other harbingers sap the optimism of millions in the Western world. - Information Supplied By: Herbert W Armstrong Library