Customer Reviews

Prelude to Meltdown

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This is a scary time in our economy. Increasing unemployment, loan denials, higher interest rates. Food costs too much. Gas prices leaving holes in our bank accounts. "The size of the leverage and the financial instruments that are outstanding, and now defaulting, are beyond the ability of any central bank, or all of the central banks combined, to bail out. We've never had a situation where the central banks were not big enough to bail out a situation -- but we have it now." Bert Dohmen presents the facts, the truth, an explanation, and some serious advice on how we can prepare and protect ourselves. The hard times have only begun but this book has given me the knowledge to move forward head-strong and ready. You can't trust what you hear or read in the media. Sugar-coated reports and predictions from our "financial leaders" are intended to keep us from worry. Prelude to Meltdown reveals the facts and what consequences are to come. This book was a real eye-opener. I bought a few copies and gave them to my friends.

I am glad I bought Mr. Bert Dohmen's book "Prelude to Meltdown." I am not a financial person but I am an investor. I bought the book to try and understand if we are going to have deflation or extreme inflation in the future. I agree and understand a lot of what Mr. Dohmen is saying but he seems to be a deflation guy. I am worried about the money supply (M1) and (M3). I think some things will deflate and I think some things will inflate. We might have periods of both or have them at the same time but I don't think a deflating credit market and growing money supply will restore the U.S. Dollar. The Dollar was about faith. It's that faith that will deflate away. This book is well worth the read. Regards, Keith Renick, Peachtree City