num_pages: 64
description: The Great Bust Ahead is a concise, straight to the point book laying out in stark terms the case for a coming 13 year depression of unprecedented magnitude. It will be worse than the 1930s, beginning nominally in 2013, but conceivably as early as 2009-2010. The book is very easy to read and requires no prior knowledge of economics. Down to earth things the average person can do to prepare for what is coming are covered. January 2013 Update1. THE YEAR WHEN THE HUGE ECONOMIC DECLINE PREDICTED IN THE 2002 BOOK THE GREAT BUST AHEAD BEGINS IS NOW HERE!2. You should be out of stocks 100% if you want to avoid the huge equity losses that will be caused by the massive 13 YEAR decline in the 45-54 year olds demographic that starts this year, as shown in the chart. You should take crucial note that this demographic decline is cast in concrete it CANNOT be changed. The only question is whether the massive decline in this bellwether 45-54 demographic will be matched with an equally massive economic decline. Nearly a century of history shown in the USA chart says it surely will. The ongoing consequences of the unrelated sub-prime and debt crises can be added to this as a bonus. Just like Japan from 1990-2003 (see chart), there is nothing the government can do that will make a bit of difference.3. Regrettably, ongoing manipulation of interest rates by the Fed has stopped medium/long term rates from rising to the 5%-6% or so which is where they should be at this time. In January 2012 the Fed publicly stated that its policy is to now keep rates at rock bottom until at least the end of 2014. So, even though in the longer term we may see rates surge upwards in the inevitable coming day of reckoning, it is goodbye in the short term to a 5%-6% parking place for money in treasuries. You will have to make do with around 2%-3% (if you not already in since 2010 at a higher rate). However, this does not mean you cannot get a good return on bonds which will happen if long rates drop down to 2% say. This will happen when the depression bites and also if the European crisis worsens driving money to US treasuries. My long-standing position of now being out of stocks and in treasuries remains. FDIC and NCUA insured CDs are a good safety alternative.4. Remaining in stocks at this point is for the stout of heart who can stomach the likelihood of huge and swift losses, even though we might see stocks climb higher first. Similarly, being in gold is only for those that feel they really understand this commodity.
language: English
title: The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It
titlecomplete: The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It
genres: Economics
ratings_count: 24
publisher: Vorago-US