The Global Debt Trap by Martin D. Weiss audiobook

The Global Debt Trap: How to Escape the Danger and Build a Fortune

By Roland Leuschel , Claus Vogt , and Martin D. Weiss PhD
Read by David Colacci

Gildan Media 9780470767238
9.12 Hours 1
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Since the financial bubble burst, the U.S. has created and pushed a monetary and fiscal policy which was at best blatantly wrong - and at worst carried an enormous financial risk -- and this is what started the real estate bubble. Those responsible repudiated the clearly visible problems and closed their eyes to the huge risks involved. Using quotes from their own work of the past few years, the authors prove that the dangers could indeed be clearly recognized: absurd rises in real estate prices and almost unbelievable excesses in bank lending (securitization of accounts receivable, credit insurers, and derivatives). The authors describe how the creators of the ever-present propaganda machine are systematically diverting attention from the fact that it was government interference in the market economy which brought us to where we are now, namely at the beginning of a financial calamity. They also describe what form the governments' and central banks' interventionist answers to the crisis take - and where they presumably will take us. This is an extremely transparent plea for the market economy. The book provides a lucrative message for readers: Every crisis - even the current one - offers fantastic opportunities for those who have prepared for it.

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Summary

Summary

Since the financial bubble burst, the U.S. has created and pushed a monetary and fiscal policy which was at best blatantly wrong - and at worst carried an enormous financial risk -- and this is what started the real estate bubble. Those responsible repudiated the clearly visible problems and closed their eyes to the huge risks involved. Using quotes from their own work of the past few years, the authors prove that the dangers could indeed be clearly recognized: absurd rises in real estate prices and almost unbelievable excesses in bank lending (securitization of accounts receivable, credit insurers, and derivatives). The authors describe how the creators of the ever-present propaganda machine are systematically diverting attention from the fact that it was government interference in the market economy which brought us to where we are now, namely at the beginning of a financial calamity. They also describe what form the governments' and central banks' interventionist answers to the crisis take - and where they presumably will take us. This is an extremely transparent plea for the market economy. The book provides a lucrative message for readers: Every crisis - even the current one - offers fantastic opportunities for those who have prepared for it.

Reviews

Reviews

Author

Author Bio: Martin D. Weiss PhD

Author Bio: Martin D. Weiss PhD

Titles by Author

Author Bio: Roland Leuschel

Author Bio: Roland Leuschel

Titles by Author

Author Bio: Claus Vogt

Author Bio: Claus Vogt

Titles by Author

Details

Details

Available Formats : Digital Download, CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 9.12
Audience: Adult
Language: English