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America's Financial Apocalypse
     

America's Financial Apocalypse

5.0 4
by Stathis
 

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For nearly three decades, America has been gradually losing ground to the developed world in many critical areas. The result is that the American standard of living has been in decline for over two decades, with the middle class having been affected the most. Meanwhile, the rich have gotten wealthier and now America is a nation controlled by corporate America. Hidden

Overview

For nearly three decades, America has been gradually losing ground to the developed world in many critical areas. The result is that the American standard of living has been in decline for over two decades, with the middle class having been affected the most. Meanwhile, the rich have gotten wealthier and now America is a nation controlled by corporate America. Hidden by two-income households and open access to credit, declining living standards have gone unnoticed by most Americans. Spending beyond one's means has become the American way of life and is encouraged by the government. In contrast, saving is almost unheard of in America. As a result, this once power nation has changed from the world's largest creditor to the world's largest debtor. Decades of over consumption by Americans can only last so long before a day of reckoning occurs. The deflation of the Internet Bubble resulted in the paper loss of over $7 trillion dollars, yet most people seem to have already forgotten the most scandalous charades in U.S. history by Wall Street and corporate America. And now, as the retirement assets of tens of millions of Americans are in question, an even larger number are caught up in the largest real estate bubble in our history. As we enter the two next decades, 76 million baby boomers will retire, most of them in poverty. Thus, the generation that was responsible for creating the greatest bull market in U.S. history may, through no choice of its own, also be the same group that causes an economic meltdown due to decades of government mismanagement, inadequate planning, and overconsumption. During this same time frame, many expect the global oil production is gradually decline due to what is known as the peak oil theory. Obviously, this has enormous consequences of its own. Today, America is in the final preparatory stages that will lead to a massive economic meltdown resulting in the Next Great Depression, as over 46 million Americans already have no healthcare insurance, Social Security will be inadequate for the 76 million baby boomers who will retire over the next several years, energy prices will remain high for some time, and for the first time ever, Americans can no longer live with the comfort knowing that they are safe on their own soil. These issues will only get worse and when the appropriate triggers are set off, a domino effect will commence, sending the stock and bond markets into a downward spiral. This book claims to represent the most detailed and exhaustive analysis of America's current and future economic plight, as well as that of its capital markets. Rather than making bold claims supported by scant data, this book makes use of several hundred figures, tables, and charts, as well as over 700 references to support the premise that a depression is inevitable for America. Finally, the final three chapters address economic and market risks and provide investment guidance and strategy for investors to position themselves to profit before and during America's next great depression.

Product Details

ISBN-13:
9780975577653
Publisher:
AVA Publishing
Publication date:
09/18/2006
Pages:
488
Product dimensions:
0.98(w) x 10.00(h) x 7.00(d)

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America's Financial Apocalypse 5 out of 5 based on 0 ratings. 4 reviews.
Guest More than 1 year ago
After having read over 10 books on this and similar topics, America's Financial Apocalypse is by far the best and most comprehensive. This book is a real eye-opener. Avoid it at your own risk.
Guest More than 1 year ago
A brilliant book with priceless insights. Should be read by everyone.
Guest More than 1 year ago
This book doesn't read like some fancy novel, with embelishments abound, nor should it. The hard facts are enough to keep you reading from cover to cover, despite the book's large size and nearly 500-page length. So if you are looking for some dramatized theme, this is not the book for you. But if you like hard data and detail, you are going to love this book like I did. It's finally nice to see someone back up his/her case for a major economic correction in America with hard data, unlike the other books I have read. The author goes much further into depth than all the other books that there is really no comparison. This book is truly a standout. Finally, it is very educational despite what may or may not happen in America. When you read the chapter on predicting investment trends, it's clear that he/she has considerable expertise in healthcare as well as finance. I was not familiar with this author prior to this book, but I will be reading his/her future books for more great insight. Cheers to the author!
Guest More than 1 year ago
This book is like a PhD thesis in US economics and finance without the difficult wording. And actually the book's length is 3 times that of a PhD thesis but I had no problem finishing it because it's so rich in content. It is packed with data and charts to supported the author's views and that is something I have yet to see by any other author predicting a depression in America. It is one of the best researched books I have ever read. It reads like an in-depth research report except it is far from boring. It brings all of the issues together and provides excellent investment suggestions that are well-founded based upon the analysis the author has made. I have learned so much from this book, but just just facts and data, but also about economics and finance in general. This is a book that everyone can benefit from-business students, investors, politicians and Americans concerned about their counry! Well worth the price.