The Ultimate Money Guide for Bubbles, Busts, Recession and Depression - Hardcover

Weiss, Martin D.

Hardcover

ISBN 10: 1118011341 ISBN 13: 9781118011348

Publisher: Wiley, 2011

Synopsis

Updated version of the bestselling book on how to grow and protect wealth in difficult economic times

Having an effective financial plan has always been important; today, it's crucial. In The Ultimate Money Guide for Bubbles, Busts, Recession, and Depression—the updated and revised edition of the bestseller, The Ultimate Depression Survival Guide—author Martin D. Weiss shows readers how to create a safe and effective financial plan for today's unpredictable economic environment.

• Explains why the U.S. economy continues to slump, and how persistently high unemployment and increasing government spending could lead to a far worse, double-dip recession
• Details how investors are missing opportunities by failing to look at overseas investments, specifically in Asia and Latin America
• Reveals what everyone should be doing now to protect their savings, investments, and jobs

The Ultimate Ultimate Money Guide for Bubbles, Busts, Recession, and Depression answers the questions readers have about the new challenges of the "new normal," while also offering strategies to cope with the credit crunch, housing bust, and decline of the U.S. dollar.

From the Author: A Massive 40-Year Deterioration in America's Financial Stability
Back in the 1970s, Martin Weiss, author of , and his father predicted three primary dangers ahead in that decade:
· The likely collapse of thousands of savings & loan associations and banks.
· The possibility of a dollar devaluation.
· And, ultimately, the greatest danger of all — a collapse in the one key market that we felt should have never been allowed to collapse: United States Treasury bonds.

All those events came to pass! And today, a similar series of dangers is upon us, albeit with six shocking changes.

Shocking Change #1: Hundreds of Cities and States on the Brink

States with Deficits

Back in 1971, only a few cities were financially weak, and it still caused serious pain for hundreds of thousands of Americans.

So if you had predicted that, in the year 2011, hundreds of cities — and even entire states — would be on the brink of financial ruin, Dad and I would have stared at you in disbelief.

Never could we have imagined anything that bad in the United States of America!

And yet, that's what we have today.

Shocking Change #2: Federal Deficit Near 10 Percent of GDP
In the early 1970s, our nation's federal deficit was usually less than 2 percent of GDP, and still it was a cause of grave concern.

So if you had said that 40 years later, it would hit 10 percent of GDP — FIVE times worse — we would have been incredulous.

Never could we have imagined that the deficit would be that big in the United States of America.

And yet, here we are with a deficit that's in that danger zone — not just for one year, but two, three, even four years or MORE.

See all six shocking changes.

About this title

From the Inside Flap:

Unless you're a Wall Street banker or a Fortune 500 CEO, times are tough—tougher than they've been in eighty years. But take heart, you can survive and thrive in a global economic meltdown. And you don't need a Ph.D. in economics or a crystal ball. All you need is your own good common sense, plus the knowledge and tools this book gives you to help you protect your assets, boost your income, and build wealth even in the worst of times.

Helping folks persevere through hard times is a Weiss family tradition. J. Irving Weiss, author Martin D. Weiss's father, was a legendary economist and financial advisor who accurately predicted the Great Depression and helped his grateful clients survive—and even thrive—in the worst of times. Likewise, Martin D. Weiss, founder and Chairman of the nation's leading, truly independent rating agency, has helped hundreds of thousands of investors and consumers avoid the financial dangers all around us. He not only predicted the recent debt crisis, but specifically named, well in advance, which large companies were most likely to fail, including Washington Mutual, Wachovia Bank, Fannie Mae, Lehman Brothers, General Motors and even Citigroup.

Yes, the U.S. government bailed out many of the failed companies. But in this book, Weiss shows how those bailouts have created new, even greater risks for investors—unexpected events ahead that you cannot only sidestep, but also turn to your great financial advantage.

In this extensively updated and expanded edition of his recent New York Times bestseller, Martin Weiss offers the same rigorous analysis and spot-on advice with which he's served his clients and subscribers so well for so many years. In plain English, he provides up-to-the-minute coverage of the very latest events sweeping the U.S. and the globe—runaway public deficits, spreading sovereign debt disasters, and the desperate attempts by governments to prop up the world economy. He:

• Exposes the scams and self-serving deceptions brokers, banks, insurance companies, and ratings agencies employ to hide the true risks of investments and rope investors into jeopardizing their financial futures

• Shows how to identify the true value of stocks, bonds, real estate, insurance, and other investments and design a strategy best suited to your goals and budget

• Gives step-by-step advice on stocks, bonds, real estate, and funds, as well as immunizing 401(k)s and annuities

• Explains the excellent investment opportunities available overseas—especially in Asia and Latin America—and how to capitalize on them

• Provides continual support and the latest critical information, online, with follow-up emails(sign up at www.moneyandmarkets.com)

• Gives you a free tool for tracking a truly independent and unbiased rating of YOUR stocks, mutual funds, exchange-traded funds (ETFs), banks, and insurers at www.weisswatchdog.com

Especially in times like these, you are the only one you can trust to protect your financial security. The Ultimate Money Guide for Bubbles, Busts, Recession and Depression arms you with what you need to survive and thrive, no matter what the future brings.

From the Back Cover:

"Absolutely provocative! Martin Weiss's prediction of the current economic crisis is uncanny. A must-read for the investor who wants to know what happens next!"—CHRISTOPHER RUDDY, Editor, Newsmax.com

"Martin Weiss was 'the first to warn of the dangers and say so unambiguously.'"—THE NEW YORK TIMES

"Depressions don't happen very often. Psychologically and practically, people are never prepared for them. Martin Weiss has done an excellent job of helping readers understand what they must do to adapt to the grim realities of a depressed economy."—BILL BONNER, President and CEO, Agora Financial LLC; bestselling author of Mobs, Messiahs, and Markets and Empire of Debt

"Weiss is 'the leader in identifying vulnerable companies.'"—BARRON'S

"The author's father, Irving Weiss, was a historian of deflation. It's a shame he is not around to see the result of the unrestrained credit expansion that he so consistently warned against. Fortunately, his son carried on the legacy of his father with intelligence and aplomb."—ROBERT R. PRECHTER, Jr., author of Conquer the Crash

"In a lively and informative read, veteran investment analyst Martin Weiss provides meaningful insight into the financial dangers confronting us and serves up a course of action to avoid further wealth destruction."—DAN DORFMAN, financial columnist and commentator

"Dr. Weiss shares with us his unequaled advice for investors during these frightening times. The valuable insight in this book is vital information for all investors looking for safe harbor in a very choppy ocean."—KEVIN KERR, Editor, Global Commodities Alert

"This is Weiss's best book ever and so appropriate for the tough times! He tells all the steps we need to take now to protect ourselves and our families from financial disasters."—STEVE CROWLEY, Host, American Scene Radio and WallStreetCast

"Martin's work is always clear, direct, and actionable. Read this book and you'll have a plan for growing your wealth rather than losing it in the difficult period ahead."—ADDISON WIGGIN, Executive Publisher, Agora Financial LLC; author of I.O.U.S.A.

About this edition

• Publisher: Wiley
• Publication date: 2011
• ISBN 10: 1118011341
• ISBN 13: 9781118011348
• Binding: Hardcover
• Edition number: 2
• Number of pages: 304