Debt, Deficits, and the Demise of the American Economy
What investors can do to protect their investments in the next phase of the ongoing global economic collapseThe United States is heading toward an unavoidable financial catastrophe that will paralyze the markets and the overall economy in ways never before seen. Some call this impending economic catastrophe a double-dip recession, others a financial Armageddon.
Hardcover, 207 pages
Published May 3rd 2011 by John Wiley & Sons
(first published April 19th 2011)
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This book was an abject failure. The title makes it sound a lot more important than is reality. Only about 1/2 of the book (the first half) is devoted to the titular subject, while the second half is devoted to investment advice. The premise, that deficits are bad, is something of a truism, but the policy devices and overly emotional obsession with inflation is a little off-putting. It came across as something of an extremist, narrow-minded and overly pedantic book that simply didn't live up to...more
Too many circular references to hyperinflation, not enough 'how to cope' with this potential macro environment. From the book, inflation fighting investors should hold gold, oil funds, TIPS, and possibly agricultural land as a hedge against inflation. Too much doom and gloom, but that is to be expected from a book that features burning dollars on the cover. :/