{"product_id":"the-coming-bond-market-collapse-9781118457085","title":"The Coming Bond Market Collapse","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eThe coming financial apocalypse and what government and individuals can do to insulate themselves against the worst shocks\u003c\/b\u003e  \u003cp\u003eIn 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 governmentpumped up by massive Treasury debtinto 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 \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIntroduction xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: As Good as Gold? 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Great American Money Machine 4\u003c\/p\u003e \u003cp\u003e“Dad, Where Does Money Come From?” 8\u003c\/p\u003e \u003cp\u003eThe Implications of a Fiat Currency 11\u003c\/p\u003e \u003cp\u003eNotes 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: The Anatomy of a Bubble 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Great Depression—A Historical Comparison 19\u003c\/p\u003e \u003cp\u003eTwo Decades of a Bubble Economy 25\u003c\/p\u003e \u003cp\u003eDoes CDO Rhyme with Tulip Bulb? 29\u003c\/p\u003e \u003cp\u003eToday’s Bubble in Bonds Rhymes with the\u003c\/p\u003e \u003cp\u003eDebt-Fueled Real Estate Crisis 31\u003c\/p\u003e \u003cp\u003eNotes 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Bernanke’s Hair-of-the-Dog Economy 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAustrian Trade Cycle Theory versus\u003c\/p\u003e \u003cp\u003eKeynesian Toys and Candy 36\u003c\/p\u003e \u003cp\u003e“End This Depression Now!”—The Game Show 41\u003c\/p\u003e \u003cp\u003e“I’m Not Addicted to Easy Money . . . and I Can Stop at Anytime” 50\u003c\/p\u003e \u003cp\u003eNo Way Out—Starring Ben Bernanke . . . 56\u003c\/p\u003e \u003cp\u003eThe Thirty-Year Party in the Bond Market 62\u003c\/p\u003e \u003cp\u003eNotes 65\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Deflation Phobia and Inflation Philos 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFed Busters 69\u003c\/p\u003e \u003cp\u003eCommon Fed-lore Myth 1—The Myth of the Deflationary Death Spiral Monster 69\u003c\/p\u003e \u003cp\u003eThe Truth about Price Deflation 72\u003c\/p\u003e \u003cp\u003eFed-Lore Myth 2: Japan Proves that\u003c\/p\u003e \u003cp\u003eDebt and Deflation Go Hand-in-Hand 77\u003c\/p\u003e \u003cp\u003eMyth 3: The Keynesian Fed-Lore of the Phillips Curve 86\u003c\/p\u003e \u003cp\u003eMyth 4: You Can Rely on Government Statistics 92\u003c\/p\u003e \u003cp\u003eMyth 5: The Fed Was Created for Your Benefit 100\u003c\/p\u003e \u003cp\u003eNotes 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: The Bubble Reality Check 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Investor Reality Check 104\u003c\/p\u003e \u003cp\u003eThe Interest Rate Reality Check 110\u003c\/p\u003e \u003cp\u003eThe Teaser Rate on U.S. Debt—Reality Check 115\u003c\/p\u003e \u003cp\u003eBanker Reality Check 119\u003c\/p\u003e \u003cp\u003eThe China Reality Check 127\u003c\/p\u003e \u003cp\u003eWashington’s Addiction to Debt—Reality Check 134\u003c\/p\u003e \u003cp\u003eNotes 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: The End of an Empire 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe End of a Monetary System 145\u003c\/p\u003e \u003cp\u003eThe Economic Laws of Debt 152\u003c\/p\u003e \u003cp\u003eU.S. Debt—This Time It’s Different 153\u003c\/p\u003e \u003cp\u003eIs Austerity a Bad Thing? 157\u003c\/p\u003e \u003cp\u003eWhere Will All the Money Go? 160\u003c\/p\u003e \u003cp\u003eThe Bell Is Ringing for the Bubble in the Bond Market 163\u003c\/p\u003e \u003cp\u003eBanana Ben to the Rescue 167\u003c\/p\u003e \u003cp\u003eThe Cost of an Empire 169\u003c\/p\u003e \u003cp\u003eNotes 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Real World Europe 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Creation of the Euro 176\u003c\/p\u003e \u003cp\u003eGreece 183\u003c\/p\u003e \u003cp\u003eDr. Hayek vs. Dr. Keynes 190\u003c\/p\u003e \u003cp\u003eDr. Keynes and Dr. Hayek and\u003c\/p\u003e \u003cp\u003eAmerica’s Bout with Hyperinflation 195\u003c\/p\u003e \u003cp\u003eI’ll Take Currency Debasement for $40 Billion . . . a Month 200\u003c\/p\u003e \u003cp\u003eFinal Jeopardy 203\u003c\/p\u003e \u003cp\u003eThe Canary in the Coal Mine 204\u003c\/p\u003e \u003cp\u003eNotes 205\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Debt Crisis 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrom Pioneer to Penurious . . . 207\u003c\/p\u003e \u003cp\u003eThe Sixteenth Amendment . . . The Beginning of the Slippery Slope 209\u003c\/p\u003e \u003cp\u003eMexican Debt Crisis 215\u003c\/p\u003e \u003cp\u003eThe Asian Contagion 218\u003c\/p\u003e \u003cp\u003eRussian Debt Crisis 220\u003c\/p\u003e \u003cp\u003eThe Debt Crisis Fallout 223\u003c\/p\u003e \u003cp\u003eWhat Would It Look Like Here? 225\u003c\/p\u003e \u003cp\u003eIt Can’t Happen Here? 233\u003c\/p\u003e \u003cp\u003eI Don’t Want to Be Right 238\u003c\/p\u003e \u003cp\u003eConclusion 247\u003c\/p\u003e \u003cp\u003eNotes 248\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: What Can the Government Do to Mollify the Debt Collapse? 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Principles of a Free Market 252\u003c\/p\u003e \u003cp\u003eSolution 1: Allow the Deleveraging Process to Happen 257\u003c\/p\u003e \u003cp\u003eSolution 2: Strengthen and Stabilize the U.S. Dollar 260\u003c\/p\u003e \u003cp\u003eSolution 3: Allow Interest Rates to Rise to the Supply of Savings versus the Demand for Money 262\u003c\/p\u003e \u003cp\u003eSolution 4: Balance the Budget 264\u003c\/p\u003e \u003cp\u003eSolution 5: Aggressively Reduce the Amount Of Regulatory Burden 270\u003c\/p\u003e \u003cp\u003eSolution 6: Simplify the Tax Code 273\u003c\/p\u003e \u003cp\u003eSolution 7: Fair Trade and a Free Trade 276\u003c\/p\u003e \u003cp\u003eSolution 8: Overhaul Education 277\u003c\/p\u003e \u003cp\u003eConclusion 278\u003c\/p\u003e \u003cp\u003eNotes 283\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: How to Invest Your Money Before and After the Bond Bubble Bursts 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat to Own When U.S. Debt and the Dollar Collapse 289\u003c\/p\u003e \u003cp\u003eNotes 294\u003c\/p\u003e \u003cp\u003eAbout the Author 295\u003c\/p\u003e \u003cp\u003eIndex 297\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406873796951,"sku":"9781118457085","price":19.54,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118457085.jpg?v=1730497406","url":"https:\/\/bookcurl.com\/products\/the-coming-bond-market-collapse-9781118457085","provider":"Book Curl","version":"1.0","type":"link"}