The Global Debt Trap: How to Escape the Danger and Build a Fortune
After the bursting of the real estate bubble, the U.S. pushed a monetary and fiscal policy that is, at best, blatantly wrong and, at worst, carries enormous financial risk. And because Washington knows this, America s greatest weapon its propaganda machine has been called into service, diverting attention away from the fact that it was and continues to be government interference in the market economy that s lead us to where we are now, namely at the end of one financial calamity and the beginning of yet another. A plea for the market economy, The Global Debt Trap: How to Escape the Danger and Build a Fortune details the cause of our current economic crisis and argues that political mismanagement endangers finances, health and, in extreme cases, democracy itself.
Advocates the freedom of the individual and the capitalist economic system derived from it
Foreword by Martin Weiss, bestselling author of The Ultimate Depression Survival Guide, by Wiley
Other titles by Leuschel and Vogt: The Greenspan Dossier
Every crisis offers opportunities for those who have prepared. The Global Debt Trap: How to Escape the Danger and Build a Fortune shows how to prepare for the aftermath of years of government interference in the market economy.
Introduction: The Global Debt Trap.
Chapter 1 Why the Debt Crisis WAS Predictable.
Chapter 2 Real Estate, Banks, Bubbles and Debts A Look at the Extent of the Real Estate Bubble.
Chapter 3 The Great Money Game - Warning: Reading on May Seriously Damage Your Faith in Government.
Chapter 4 The Road to (Hyper)Inflation.
Chapter 5 How Could It Have Come to This?
Chapter 6 What Can You Do Now? Forecasting in Difficult Times.
Chapter 7 A Future Retrospective.
About the Authors.
ROLAND LEUSCHEL is coauthor of Das Greenspan Dossier and a regular columnist for Börse Online, Germany's leading stock market publication. He accurately predicted the 1980s bull market and is often called the "Crash Prophet" for his prescient warnings of the stock market crash of 1987.
"This is among the most valuable and insightful works on the financial crisis and its ultimate consequences ever published. If you want to protect and grow your wealth even in the worst of times, heed the authors' warnings and seriously consider their recommendations."
—Martin D. Weiss, New York Times bestselling author
The great debt crisis of recent years, prematurely declared “dead and buried” by government leaders on both sides of the Atlantic, has suddenly returned to haunt those same leaders where it hurts them the most—in their own sovereign debts.
Greece, Ireland, Portugal, Spain, the UK and even the U.S. are caught in a global debt trap. For some governments, the only escape is to do the same things that an average household must do when it can’t make ends meet—sell off assets, slash spending, scrape for extra earnings, downsize, and make sacrifices. They are cutting healthcare and pensions for millions of citizens, laying off hundreds of thousands of government employees, or worse. For others, like the U.S., the primary response so far has been to run the money printing presses—all with untold consequences.
Thus, Claus Vogt and Ronald Leuchel’s book, THE GLOBAL DEBT TRAP: How to Escape the Danger and Build a Fortune (Wiley; Hardcover; December 2010; $29.95; ISBN 978-0-470-76723-8), with a foreword by New York Times bestselling author Martin D. Weiss, could not be more timely. In it, the authors explain what’s most likely to happen next and what the average investor-citizen can do—not only to survive the debt crisis but to actually use it to grow wealth.
In their 2005 German bestseller, Das Greenspan Dossier, the authors wrote that when the U.S. real estate bubble bursts, it would not only trigger a recession and a stock market crash, but would endanger the entire financial system, especially Fannie Mae and Freddie Mac. With that one sentence, they precisely predicted the debt crisis that unfolded. Now, in THE GLOBAL DEBT TRAP, they predict the next phase.
However, the book is far more than an explanation of the causes and consequences of the global debt crisis. It is also a reader's roadmap to success in the wake of the unprecedented disasters and equally unprecedented government responses. It shows, with practical examples, how every crisis—even the current one—offers unusual opportunities for those who have prepared for it.
The authors ask and answer the most urgent questions of our time:
- Are countries like the U.S., the U.K, and Japan also vulnerable to a sovereign debt crisis?
- What will be the immediate and ultimate consequences of “quantitative easing”—mass money printing by central banks? Will the “austerity” programs of some countries be enough?
- Will stocks be a good or bad hedge as governments respond to the global debt trap? What about real estate, gold and other asset classes?
- What will be the fate of money markets, long-term bonds, insurance policies and other income investments?
- Which markets offer the best return with the lowest risk in the world today?
The Global Debt Trap: How to Escape the Danger and Build a Fortune (US $29.95)
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