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Publisher | John Wiley & Sons Inc (US) |
Author(s) | Michael G. Pento |
Subtitle | How to Survive the Demise of the U.S. Debt Market |
Edition | 1 |
Published | 12th April 2013 |
Related course codes |
How to Survive the Demise of the U.S. Debt Market
The coming financial apocalypse and what government andIn this controversial book a noted adherent of Austrian School
of Economics theories advances the thesis that the United States is
fast approaching the end stage of the biggest asset bubble in
history. He describes how the bursting of the bubble will cause a
massive interest rate shock that will send the US consumer economy
and the US government?pumped up by massive Treasury
debt?into bankruptcy, an event that will send shockwaves
throughout the global economy. Michael Pento examines how policies
followed by both the Federal Reserve and private industry have
contributed to the impending interest rate disaster and highlights
the similarities between the US and European debt crisis. But the
book isn't all doom and gloom. Pento also provides well-reasoned
solutions that, government, industry and individuals can take to
insulate themselves against the coming crisis.