The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market – Editorial Review – From the Inside Flap: A book that is certain to spark controversy within the financial media and throughout the halls of government, The Coming Bond Market Collapse 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.
- Paints an alarmingly vivid picture of the inevitable interest rate shock that will send consumers and the government into bankruptcy
- Explains how the bubble was created and proposes realistic policy solutions that government can deploy to cushion the shock
- Explores debt debacles throughout history and speculates what a bond market crisis will look like and how it will affect the standard of living in the United States and globally
- Compares the shaky state of the U.S. economy to the EU and Japanese economies and speculates on how much longer the fiat currency model can continue to sustain them
- Explains why retirees, in particular, will be at risk as real estate prices decline, pensions weaken, and the bond bubble bursts
- Provides sound investment strategies for protecting yourself and your hard-earned assets against the coming financial apocalypse