Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

Overview

WILL Deflation and depression really happen?

WHAT Causes deflation and depression?

CAN The Fed or the President prevent deflation?

WHERE Can you find the few exceptionally sound banks, insurers, gold dealers and other essential service providers that can help you protect your wealth?

HOW Should you arrange your finances and your life in ...

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Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

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Overview

WILL Deflation and depression really happen?

WHAT Causes deflation and depression?

CAN The Fed or the President prevent deflation?

WHERE Can you find the few exceptionally sound banks, insurers, gold dealers and other essential service providers that can help you protect your wealth?

HOW Should you arrange your finances and your life in order to survive the depression, prosper while it's happening, and take advantage of the unprecedented opportunity coming at the next major bottom?

Not one in ten thousand investors will think to ask these questions, even as their financial institutions may be lurching toward insolvency.

From 2002:
"This book outlines brilliantly and simply the rationale for how and why the bubble developed. Prechter will go down in history as a legend for having predicted the secular bull market and now having provided a lucid description of the economic cataclysm that unfortunately lies ahead. I urge you to read this book and give it to your loved ones. It provides great tactical advice on how to prepare yourself financially. Reading this book could make the difference between agony and comfort over the next 20 years."
David Tice, President, Prudent Bear Funds

From 2004:
"Prechter can take credit as the godfather of the modern deflation theory."
Kirk Washington, Benchmark magazine

From 2009:
"Rooted in decades of serious research, published in 2002, this book was a frighteningly accurate predictor of the 2008 crash. It explains the 'big picture' of how economic conditions ebb and flow over time, how to profit from them and how to avoid getting caught in the inevitable squeezes that wipe out the unwary (i.e. 99% of the world)."
Ken McCarthy, The Independence Day Blueprint

For more reviews, please turn to the first page of this book.

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Editorial Reviews

From the Publisher
"Conquer the Crash with This Important Book: All of the analysis and insight from the original edition is included in the new second edition. But Prechter has added 188 pages of entirely new material, and every one of the book's pages is worth reading and re-reading, even if your copy of the original edition is coffee-stained and dog-eared."
—Tim Bost, Financial Cycles Newsletter

"Prechter's advice for most investors, as described in the recently released second edition of his book [Conquer the Crash], is fairly simple: Play it Safe…Patience is a Virtue…Return of Capital Is Key."
—Aaron Task, Yahoo Finance

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Product Details

  • ISBN-13: 9780470567975
  • Publisher: Wiley
  • Publication date: 11/9/2009
  • Edition number: 2
  • Pages: 456
  • Sales rank: 636,572
  • Product dimensions: 6.30 (w) x 9.30 (h) x 1.60 (d)

Meet the Author

Robert Prechter, Jr., is a social theorist and market analyst. He is President of Elliott Wave International (elliottwave.com), a publishing firm serving investors around the world. Prechter has authored 14 books. His Elliott Wave Principle with A.J. Frost in 1978 predicted the great bull market. Conquer the Crash (first edition, 2002) forecasted the financial meltdown.
Prechter's two-book set Socionomics (1999/2003) presents his seminal hypothesis that endogenously regulated waves of social mood determine the character of social actions. His Socionomics Institute (socionomics.net) is dedicated to explaining and applying socionomic theory.
For more information, please visit RobertPrechter.com.
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Table of Contents

Foreword xxi

Book One: WHY A STOCK MARKET CRASH, MONETARY DEFLATION AND ECONOMIC DEPRESSION ARE LIKELY TO OCCUR SOON

Part I: The Case for Crash and Depression

1: A Myth Exposed 5

2: When Do Depressions Occur? 17

3: When Do Stock Markets Turn from Up to Down? 22

4: The Position of the Stock Market Today 32

5: Evidence from Stock Participation and Economic Performance 41

6: The Signifi cance of Historically High Stock Market Valuation 50

7: The Signifi cance of Historically Optimistic Psychology 63

8: Implications for the Stock Market and the Economy 78

Part II: The Case for Deflation

9: When Does Defl ation Occur? 87

10: Money, Credit and the Federal Reserve Banking System 96

11: What Makes Defl ation Likely Today? 105

12: Timing Deflations: The Kondratieff Cycle 113

13: Can the Fed Stop Defl ation? 121

Book Two: HOW TO PROTECT YOURSELF AND PROFIT FROM DEFLATION AND DEPRESSION

14: Making Preparations and Taking Action 139

15: Should You Invest in Bonds? 143

16: Should You Invest in Real Estate? 151

17: Should You Invest in Collectibles? 158

18: Should You Invest in "Cash"? 161

19: How To Find a Safe Bank 175

20: Should You Speculate in Stocks? 189

21: Should You Invest in Commodities? 201

22: Should You Invest in Precious Metals? 206

23: What To Do With Your Pension Plan 216

24: What To Do With Your Insurance and Annuities 219

25: Reliable Sources for Financial Warnings 224

26: How To Ensure Your Physical Safety 229

27: Preparing for a Change in Politics 235

28: How To Identify a Safe Haven 241

29: Calling in Loans and Paying Off Debt 245

30: What You Should Do If You Run a Business 248

31: What You Should Do with Respect to Your Employment 250

32: Should You Rely on Government To Protect You? 252

33: A Short List of Imperative "Do's" and Crucial "Don'ts" 258

34: What To Do at the Bottom of a Defl ationary Crash and Depression 261

Book Three

Added for the 2009 edition

Appendix A: Added Services & Updated Contact Information 269

Appendix B: Updated U.S. Banks, Insurers and Money Market Funds 291

Appendix C: Elliott Wave Theorist Market Commentary, 2003-2007 303

Appendix D: Elliott Wave Theorist Defl ation Commentary, 2003-2007 363

Appendix E: Full Circle 441

Media and Misc. References 451

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Sort by: Showing all of 10 Customer Reviews
  • Anonymous

    Posted December 27, 2009

    Conquer The Crash

    The 2nd edition of this book gets a 4.9 out of 5.0 from me. It's not the essence of its candid prediction that has come mostly true, but of explaining the social economic picture that was the root cause of the issue. Preacher did not get the exact time-line precisely correct and I have read numerous reviews criticizing him on this. We bought ourselves an extra 5 years of "Good Times", before what Preacher addressed finally unfolded. If you are interested in learning more about social-economics and how this effects the financial picture today and going forward this is an excellent-book to read. It' honest, candid and has turned out to depict a very accurate picture of what has unfolded thus far, since the first edition was released almost 8 years ago.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted October 4, 2002

    Terrific, has saved me thousands of$$$

    Another great book by Prechter. The evidence presented in this book is sound and obviously well researched. For those of you with open minds, I would strongly recommend it. For those of you who cannot accept the truth or reality, there is always the book DOW 40,000. There you can escape into fantasy. The timing of the book is a little late, but let's face up to the facts: Did anyone really want to read this a year or two ago in such a bullish environment? Not likely!! Keep up the great work Robert, one day you will go down in history for your research and the new science of socionomics. I look at the financial world a lot differently now. I have no losses to recover and only sound investments. Thank You for your insights.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted June 6, 2004

    Highly Recommended!

    Prophets of doom have always made entertaining reading. In his latest fire-and-brimstone warning, Robert R. Prechter, Jr., an experienced forecaster of long-term economic and social trends, says financial Armageddon is just around the corner. While his technical analysis (¿Wave Theory¿) may appear to be stock-market astrology, readers may appreciate his examination of the basic functions of money and credit, his argument that worldwide central banking has fundamentally altered these functions, and his perceptive comparisons of the late 1990s with the Roaring Twenties. Prechter might have appealed to a broader audience by toning down his graphs and technical talk, and focusing instead on his investment suggestions: If the market turns down, you¿ll save your skin, but even in a bull market, keeping your money safe can¿t hurt. We recommend this book to anyone looking for bear-market investment advice, as well as those interested in technical analysis or an opinionated view of business and market cycles.

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  • Anonymous

    Posted January 17, 2003

    Pretty Scary Stuff

    Prechter presents a very compelling analysis to support his extremely pessimistic view of the near term future. This book is an important work. Even if his predictions do not materialize, the possibility must be considered. As much I as do not want to believe Prechter, this book gives the reader much to ponder. My relatively conservative approach to the stock market makes me think I have a reasonable amount of protection for my portfolio. But Prechter's expectation that the Dow Jones Industrail Average will plummet to under 1000 puts that belief in jeopardy. Each reader must decide for himself how much protection is required. Read this book, then make your decision. Your financial life may depend on that decision.

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  • Anonymous

    Posted August 7, 2002

    So, What are we supposed to do now!!

    This book offers reasons as to why we are heading into a deflationary depression. After reading his explanations, the arguments this book makes seem logical and convincing as similar arguments made by the same author in 1987 and 1995 in the book 'at the crest of the tidal wave'. One of the biggest weaknesses of this book is its timing.The book was published June of 2002 after the markets dropped by up to 70% (as in the Nasdaq) and investors have already suffered heavy losses. This makes me wonder whether the author wanted to avoid being wrong for a third time by waiting two years after the start of the collapse to publish the book.When you are predicting events timing is critical. Even though the authors arguments seem convincing , there are equally legitimate arguments to the fact that the market downturn we are presently in is related to misguided Federal reserve policy. The Fed pumped money into the system between 1998 and late 1999 creating a lending spree by banks to startup businesses and then pulled the plug by increasing rates and starving startup companies for capital. This resulted in slowing orders to other companies and a domino effect. Such an argument does not point into a depression. So which one is true? For me it does not matter. What I am interested in is how to recover my losses in the market. If you have lost 30-70% of your money in the market , would you be willing to liquidate and place your money in your mattress based on a single person predictions that could be wrong as they have been before?. What I am mainly looking for is how to recover my losses over time and learn from my mistakes so as not to have the same thing happen again. I found other books that show you how to deal with recovering your losses and be a smarter investor such as 'Financial freedom through trading' by Van Tharp and 'Generate thousands in cash on your stocks without selling them' by Elias to be much more useful in taking action now to recover losses . This book is an interesting read but I would recommend that you take the gloom and doom predictions with a grain of salt

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