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

by Claus Vogt, Roland Leuschel, Martin D. Weiss

Overview

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 propaganda machine-has been called into service, diverting attention away from the fact that it was and continues to be government interference in the market economy that's lead us to where we are now, namely at the end of one financial calamity and the beginning of yet another. A plea for the market economy, The Global Debt Trap: How to Escape the Danger and Build a Fortune details the cause of our current economic crisis and argues that political mismanagement endangers finances, health and, in extreme cases, democracy itself.
• Advocates the freedom of the individual and the capitalist economic system derived from it
• Foreword by Martin Weiss, bestselling author of The Ultimate Depression Survival Guide, by Wiley
• Other titles by Leuschel and Vogt: The Greenspan Dossier
Every crisis offers opportunities for those who have prepared. The Global Debt Trap: How to Escape the Danger and Build a Fortune shows how to prepare for the aftermath of years of government interference in the market economy.

Product Details

ISBN-13:	9780470767238
Publisher:	Wiley
Publication date:	12/07/2010
Pages:	240
Product dimensions:	9.44(w) x 12.18(h) x 0.86(d)

About the Author

CLAUS VOGT is Managing Director of asset management firm Aequitas Capital Partners. He edits Money and Markets in the U.S. plus Sicheres Geld ("Safe Money") in Germany, and is co-author of the German bestseller, Das Greenspan Dossier.

ROLAND LEUSCHEL is coauthor of Das Greenspan Dossier and a regular columnist for Börse Online, Germany's leading stock market publication. He accurately predicted the 1980s bull market and is often called the "Crash Prophet" for his prescient warnings of the stock market crash of 1987.

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Table of Contents

Foreword vii

Introduction: The Global Debt Trap 1

Chapter 1 Why the Debt Crisis Was Predictable 11

Chapter 2 Real Estate, Banks, Bubbles and Debts: A Look at the Extent of the Real Estate Bubble 37

Chapter 3 The Great Money Game: Warning: Reading on May Seriously Damage Your Faith in Government 65

Chapter 4 The Road to (Hyper)Inflation 85

Chapter 5 How Could It Have Come to This? 115

Chapter 6 What Can You Do Now?: Forecasting in Difficult Times 151

Chapter 7 A Future Retrospective 211

Notes 217

About the Authors 221

Index 223