A startling look at how unsustainable debt levels, in the US and around the world, are endangering many standard investments, and what people need to know to protect their money
Most individuals and institutions hold the preponderance of their investments in common stocks, corporate bonds, mutual funds, index funds, muni bonds, money markets, bank CDs, and Treasury securities. But these conventional investments will not do well in a world dominated by corrupt, debt-laden governments and thieving bankers, brokers and middlemen.
Finance guru John R. Talbott, prescient predictor of the financial crisis and the housing market crash, offers a new paradigm for the coming economic reality. He shows how the recent housing collapse and global economic crisis left governments of the world with enormous annual operating deficits at a time when the banking system continues to struggle with bad debts and requires additional government guarantees and bailouts. Add the fact that growth is constrained because the first wave of the baby boom is hitting 65 and consumers are still loaded with unsustainable levels of debt, and you have a recipe for an economic catastrophe. In this uncertain atmosphere, Talbott offers clear strategies on what you can do to protect your investments and your family.
"This slim but shrewd discussion of money and politics--and the deleterious effect the latter has on the former--is a provocative study of the dangers of impending runaway inflation."
Publishers Weekly
"Finance is based on trust. But what do you do if you cannot trust financiers? Talbott, who has long been an acute observer of what's wrong with our financial system, proposes provocative answers."
Daron Acemoglu, Professor of Economics, MIT and co-author of Why Nations Fail
"A nonconformist approach to finance and investing that should appeal to politically minded contrarians."
