{"product_id":"the-coming-bond-market-collapse-isbn-9781118457085","title":"The Coming Bond Market Collapse","description":"\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 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePaints an alarmingly vivid picture of the massive interest rate shock which soon will send consumers and the government into bankruptcy\u003c\/li\u003e \u003cli\u003eBacked 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\u003c\/li\u003e \u003cli\u003eProvides investors with sound strategies for protecting themselves and their assets against the coming financial apocalypse\u003c\/li\u003e \u003cli\u003eExplains why retirees, in particular, will be at risk as real estate prices decline, pensions weaken, and the bond bubble bursts\u003c\/li\u003e \u003c\/ul\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   \u003cp\u003e\u003cb\u003eMICHAEL G. PENTO\u003c\/b\u003e is the President and founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory Firm that provides money management services and research for individual and institutional clients. \u003c\/p\u003e\u003cp\u003eMichael is a well-established specialist in markets and economics and a regular guest on CNBC, CNN, Bloomberg, Fox Business Network, and other international media outlets. His market analysis can also be read in most major financial publications, including the \u003ci\u003eWall Street Journal\u003c\/i\u003e. He also acts as a financial columnist for \u003ci\u003eForbes\u003c\/i\u003e, contributor to TheStreet.com, and a blogger at the \u003ci\u003eHuffington Post\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003ePrior to starting PPS, Michael served as a senior economist and vice president of the managed products division of Euro Pacific Capital. Additionally, Michael has worked at an investment advisory firm where he helped create ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he spent two years on the floor of the New York Stock Exchange. He has carried Series 7, 63, 65, 55, and Life and Health Insurance Licenses. Michael graduated from Rowan University in 1991.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTHE COMING BOND MARKET COLLAPSE\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eA book that is certain to spark controversy within the financial media and throughout the halls of government, \u003ci\u003eThe Coming Bond Market Collapse\u003c\/i\u003e sounds a clarion call to investors, business leaders, and policymakers. Author Michael Pento, a noted adherent of the Austrian school of economics theories, compellingly argues that the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of that bubble will trigger a massive interest rate shock that will send the U.S. consumer-driven economy and the U.S. government—now pumped up by massive Treasury debt—into bankruptcy, an event that, in turn, will send violent shockwaves throughout the global economy. \u003c\/p\u003e\u003cp\u003eBacked by a wealth of historical and economic data, Mr. Pento examines how the policies followed by both the Federal Reserve and private industry have led, inexorably, to the impending disaster, and he exposes alarming parallels between the U.S. and European debt crises. \u003c\/p\u003e\u003cp\u003eBut this book isn't all doom and gloom. A top market analyst who accurately foretold the bursting of the housing bubble in most major print and TV media, Michael Pento also provides well-reasoned solutions that government, industry, and individual investors can take to insulate themselves against the coming crisis. \u003c\/p\u003e\u003cp\u003eJust as importantly, Mr. Pento delivers proven strategies and tools investors can use to successfully navigate the rocky times ahead and to not only survive the crisis, but capitalize on it. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Coming Bond Market Collapse\u003c\/i\u003e gives you the information you need to make sense of and prepare for the looming economic debacle. It provides you with tested strategies for insulating yourself against the most violent shocks that follow. And it arms you with tools for thriving financially, even in the midst of what could be a disaster worse than the Great Depression.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990190801125,"sku":"NP9781118457085","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118457085.jpg?v=1761786854","url":"https:\/\/k12savings.com\/es\/products\/the-coming-bond-market-collapse-isbn-9781118457085","provider":"K12savings","version":"1.0","type":"link"}