The Coming Bond Market Collapse Tuliszków

The coming financial apocalypse and what government and individuals can do to insulate themselves against the worst shocks In 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. Paints an alarmingly vivid picture of the massive interest rate shock which soon will send consumers and the government into bankruptcy Backed by a wealth of historical and economic data, Pento explains how the bubble was created and what the U.S. can do to mitigate the impending crisis Provides investors with sound strategies for protecting themselves and their assets against the coming financial apocalypse Explains why retirees, in particular, will be at risk as real estate prices decline, pensions weaken, and the bond bubble burstsIntroduction Acknowledgments Chapter 1: As Good as Gold? The Great American Money Machine "Dad, Where Does Money Come From?" The Implications of a Fiat Currency Notes Chapter 2: The Anatomy of a Bubble The Great Depression--An Historical Comparison Two Decades of a Bubble Economy Does CDO Rhyme with Tulip Bulb? Today's Bubble in Bonds Rhymes with the Debt-fueled Real Estate Crisis Notes Chapter 3: Bernanke's Hair of the Dog Economy Austrian Trade Cycle Theory versus Keynesian Toys and Candy "End This Depression Now!"- The Game Show "I'm Not Addicted to Easy Money...and I Can Stop At Anytime" No Way Out--Starring Ben Bernanke ... The Thirty-year Party in the Bond Market Notes Chapter 4: Deflation Phobia and Inflation Philos Myth 1--Deflation is Evil Common Fed-lore Myth 1--The Myth of the Deflationary Death Spiral Monster The Truth About Price Deflation... Fed-lore Myth 2: Japan Proves Debt and Deflation Go Hand-in-Hand Myth 3: The Keynesian Fed-lore of the Phillips curve Myth 4: You Can Rely on Government Statistics Myth 5: The Fed Was Created for Your Benefit Notes Chapter 5: The Bubble Reality Check The Investor Reality Check The Interest Rate Reality Check The Teaser Rate on U.S. Debt--Reality Check Banker Reality Check The China Reality Check Washington's Addiction to Debt--Reality Check Notes Chapter 6: The End of an Empire The End of a Monetary System The Economic Laws of Debt US Debt - This Time it's Different Is Austerity a Bad Thing? Where Will All the Money Go? The Bell is Ringing for the Bubble in the Bond Market Banana Ben to the Rescue The Cost of an Empire Notes Chapter 7: Real World Europe Greece Dr. Hayek vs. Dr. Keynes Dr. Keynes and Dr. Hayek and America's Bout with Hyperinflation I'll Take Currency Debasement for $40 Billion... a Month Final Jeopardy The Canary in the Coal Mine Notes Chapter 8: The Debt Crisis From Pioneer to Penurious... The Sixteenth Amendment ...The Beginning of the Slippery Slope Mexican Debt Crisis The Asian Contagion Russian Debt Crisis The Debt Crisis Fall Out What Would it Look Like Here? It Can't Happen Here? I Don't Want To Be Right Conclusion Notes Chapter 9: What Can The Government Do To Mollify The Debt Collapse? Solution 1: Allow The Deleveraging Process To Happen Solution 2:Strengthen and Stabilize The U.S. Dollar Solution 3: Allow Interest Rates To Rise To The Supply Of Savings vs The Demand For Money Solution 4: Balance the Budget Solution 5: Aggressively Reduce The Amount Of Regulatory Burden Solution 6: Simplify The Tax Code-- Solution 7: Fair Trade and a Free Trade-- Solution 8: Overhaul Education Conclusion Notes Chapter 10: How to Invest Your Money Before and After the Bond Bubble Bursts What to Own When U.S. Debt and the Dollar Collapse About the Author Index