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Summary

Debt, Deficits, and the Demise of the American Economy   is an examination of the worldwide crash that the authors, Peter  Tanous and Jeff Cox believe will unfold in the coming years. The  book is play-by-play account in which the authors take us to  the meetings of national economic leaders and allow us  to witness how the various meetings unfold. The authors then  move on to European and US debt failures the mounting problems the  global economy faces due to growing debt. We are on our way to the  point where the massive treasury auction simply fails.  These  factors will inevitably lead to the Crash of 2012 and the  forward-looking authors are describe in detail how it unfolds.   The mounting U.S. deficit is a major problem that will result in  a major financial calamity soon.  How soon?  We  dont know, but soon enough that we need to be prepared for  it. The authors look at strategy for asset allocation. It will  become more important than ever to possess real assets such as  gold, timber, oil and even farmland. The US economy is headed for a  period of massive inflation. The only question is how bad it will  get.

Duration: about 7 hours (07:24:43)
Publishing date: 2020-07-20; Unabridged; Copyright Year: 2020. Copyright Statment: —

• Business & Economics