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The Global Debt Trap: How to Escape the Danger and Build a Fortune
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The Global Debt Trap: How to Escape the Danger and Build a Fortune

3.8  ·  Rating Details ·  5 Ratings  ·  2 Reviews
German bestseller about the best ways to protect oneself financially from the threats posed by government's interference in the economy

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 pr
ebook, 256 pages
Published November 23rd 2010 by Wiley
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Mar 16, 2011 Michel marked it as to-read
Shelves: pol, biz
Claus Vogt is the guy who predicted (in his 'Greenspan Dossier' published in 2004!!!) the housing bubble and the financial meltdown of September 2008, describing the crisis with 20/20 foresight, including the Fanny and Freddy debacle, the banks bailout, the subsequent credit squeeze, unemployment, tax shortfall and sovereign debt resulting from it.
So the guy might not get it right every time, but when he talks, I listen - and get rid of any bonds I may hold!
Aug 06, 2011 C.J. rated it really liked it
This book gives a great synopsis of the last decade, as well as a good understanding of what is coming down the road but it is light on solutions and on how to implement them. The authors should have spend at least another chapter on how citizens can protect themselves. Even still, I'd recommend this book to anyone wanting to understand what is going on with the world economically, why prices are rising and what to do about it.
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