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. governmentnow pumped up by massive Treasury debtinto bankruptcy, an event that, in turn, will send violent shockwaves throughout the global economy.
Backed by a wealth of historical and economic data, Mr. Pento examines how the policies followed by both the Federal Reserve and private industry have led, inexorably, to the impending disaster, and he exposes alarming parallels between the U.S. and European debt crises.
But this book isn't all doom and gloom. A top market analyst who accurately foretold the bursting of the housing bubble in most major print and TV media, Michael Pento also provides well-reasoned solutions that government, industry, and individual investors can take to insulate themselves against the coming crisis.
Just as importantly, Mr. Pento delivers proven strategies and tools investors can use to successfully navigate the rocky times ahead and to not only survive the crisis, but capitalize on it.
Thoughtful, meticulously researched and cogently argued, The Coming Bond Market Collapse:
- 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
The Coming Bond Market Collapse gives you the information you need to make sense of and prepare for the looming economic debacle. It provides you with tested strategies for insulating yourself against the most violent shocks that follow. And it arms you with tools for thriving financially, even in the midst of what could be a disaster worse than the Great Depression.
From the Back Cover
Praise for The Coming Bond Market Collapse
"Few people possess Michael's understanding of monetary policy, interest rates and currencies, and their impact on financial markets. This book is mandatory reading for anyone who wants to know where the bond market is headed and why."
—Michael Ozanian, Executive Editor of Forbes Media
"Michael Pento's The Coming Bond Market Collapse is an act of love. It is an act of love for his country because he stands apart from so many half-hearted commentators who are unwilling to give America what it needs, which is a clear, plainspoken, honest warning about what our ruling class is leading us into. It is also an act of love for investors, too, in that it prepares them to deal with what is very likely to happen given the fact that, so far, America has failed to heed those warnings. Michael ends the book with a quote from Thomas Paine: 'These are the times that try men's souls.' True, but they are also times that will try men's portfolios, and The Coming Bond Market Collapse will help them withstand both trials."
—Jerry Bowyer, Editor in Chief of Affluent Investor and Forbes contributor
"This book is a treatise on the logic and economics behind the upcoming collapse of the U.S. debt market. It is not written to scare the public, nor does it use hyperbole or sensationalism. The work simply explains the dynamics behind the bond bubble and how its demise will affect the global economy and markets. Most importantly, it offers a solution to how the United States can escape some of the fallout from the collapse, but only if we take the appropriate action now. This book is a blessing for the American consumer and investor and should be mandatory reading for anyone who desires to have their portfolio thrive during the tumult that lies just ahead."
—Peter Grandich, founder of Grandich.com and Grandich Publications, LLC, and editor of The Grandich Letter
"If my earlier books did not convince you that the debt and dollar bubbles propping up America's artificial economy are destined to pop, with horrific consequences for our nation when they do, this well-argued refresher course from Mike Pento is a must-read. Those already accustomed to receiving their 'Pentonomics' in small portions are sure to enjoy this larger dose."
—Peter Schiff, bestselling author of Crash Proof 2.0 and The Real Crash, host of the nationally syndicated Peter Schiff Show, and CEO of Euro Pacific Capital and Euro Pacific Precious Metals