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 | The US economy hasn't seen a serious downturn since the early 1990's. When the next recession does begin (it may have already begun), we are likely to find out first-hand that the leverage built into our system through debt and derivatives cuts both ways. Debt was instrumental in building the illusion of wealth quickly, and for many. But it will serve its purpose equally well in destroying it, too. Anyone holding tech stocks on margin back in Y2000 need not be reminded of the dangers of leverage. Our over-leveraged economy ensures that once a downturn does hit, its impacts will be magnified tremendously, perhaps beyond the system's ability to withstand. More... |
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 | After reading Conquer the Crash carefully, I am saying that this is “must reading” for anyone who has even the slightest interest in the stock market and his or her own investing. Prechter’s fascinating chapters on the Federal Reserve, the debt situation, and what he calls the coming deflation, is worth ten times the price of the book alone. This is an amazing work, and one that is calculated to make you think deeply. I might even say that this book will astound you with its theses and its conclusions. - Richard Russell More...
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 More... | Schiff pulls no punches in unmasking the rosy statistics that the government and its corporate media accomplices foist upon an unsuspecting and gullible public. The US economy is a paper tiger, and Schiff wastes no time getting straight to work with the shredder. "America.com" as he calls us, referencing the hundreds of dot.com companies that burned brilliantly until they burned out completely for lack of substance, has some mistaken ideas about the true nature of wealth and how it is created. Real wealth, Schiff reminds us, comes the old fashioned way - from saving, investment and production. In its salad days, America became a global manufacturing giant through hard work, and by investing the nation's abundant savings back into production. The salad days are gone, as America has gone from a nation of savers, investors and producers to a nation of borrowers, gamblers and consumers. |
 | Depressed yet? Then this is the book you need. Because after the cleansing effects of the depression, we'll enter a new golden age. Promise! |
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