The coming financial apocalypse and what government andindividuals can do to insulate themselves against the worstshocks
In this controversial book a noted adherent of Austrian Schoolof Economics theories advances the thesis that the United States isfast approaching the end stage of the biggest asset bubble inhistory. He describes how the bursting of the bubble will cause amassive interest rate shock that will send the US consumer economyand the US government--pumped up by massive Treasurydebt--into bankruptcy, an event that will send shockwavesthroughout the global economy. Michael Pento examines how policiesfollowed by both the Federal Reserve and private industry havecontributed to the impending interest rate disaster and highlightsthe similarities between the US and European debt crisis. But thebook isn't all doom and gloom. Pento also provides well-reasonedsolutions that, government, industry and individuals can take toinsulate themselves against the coming crisis.
* Paints an alarmingly vivid picture of the massive interest rateshock which soon will send consumers and the government intobankruptcy
* Backed by a wealth of historical and economic data, Pentoexplains how the bubble was created and what the U.S. can do tomitigate the impending crisis
* Provides investors with sound strategies for protectingthemselves and their assets against the coming financialapocalypse
* Explains why retirees, in particular, will be at risk as realestate prices decline, pensions weaken, and the bond bubblebursts