Investing in the Age of Sovereign Defaults: How to Preserve your Wealth in the Coming Crisis
A major sovereign default crisis is looming for the developed economies of the world. The result will be a major redistribution of wealth and an overhaul of the international financial system, the likes of which have never been seen.Written by investment expert Peter T. Treadway, with contributions from Michael C. S. Wong,Investing in the Age of Sovereign Defaultsoffers essential insights on what it will take to protect your investments—and even profit—during the coming sovereign default crisis. Page by page, Treadway skillfully explains what lies ahead and offers invaluable suggestions to help avoid massive losses.Engaging and accessible, this timely book includes a review of the perilous fiscal state of Western Europe, the United States, and Japan, and provides an important examination of the financial woes of other countries such as China, India, and Brazil as well. Along the way, it addresses how the informed investor may want to turn to long-run investing strategies, which include major U.S. and non-U.S. (non-financial) corporations, which are driven by technology and globalization. Jets, computers, fiber optic cables—the list goes on—make globalization unstoppable. In addition, improvements in health and the quality of life are on the horizon, and investors will want to be in on those trends. As Treadway explains, the continued acceleration of technology will be an immense force for good. And with gold considered a timeless "safe haven," you'll discover how to maximize its upside potential.To achieve real financial reform means dismantling the welfare state and its overbearing taxes and regulations and reducing unpayable obligations by defaults. As far as global banks go, there will be problems. Unless the "too big to fail" approach is dropped, these banks will become more like utilities. With this in mind, global finance will have to be done in part by non-banks that don't show up on the regulatory radar.The days of the economic status quo are coming to an end.Investing in the Age of Sovereign Defaultsshows investors what's coming and what must be done, if you intend on escaping unscathed.