Praise for THE GLOBAL DEBT TRAP HOW TO ESCAPE THE DANGER AND BUILD A FORTUNE

"This is among the most valuable and insightful works on the financial crisis and its ultimate consequences ever published. If you want to protect and grow your wealth even in the worst of times, heed the authors' warnings and seriously consider their recommendations."
—Martin D. Weiss, New York Times bestselling author

"Claus Vogt, who predicted the current crisis in his 2004 book, Das Greenspan Dossier, describes the current situation as a dance on the volcano. The government stimulus programs ignited a straw fire, which might last a bit longer, maybe until mid-2010. But after that, according to Vogt, the day of reckoning looms."
—Boerse ARD

"Being crash prophets is an ungrateful job. But Roland Leuschel has kept his aura since he successfully predicted the stock market crash of 1987. As chief strategist of Quirin Bank, Claus Vogt is allowed to freely tell what he thinks—exceptional latitude for a banker. The thesis of hyperinflation is very controversial, but the authors' lucid announcements are alarmingly plausible."
—Die Welt (major German newspaper)

"One should preferably read financial books from authors who have hit the bull's-eye before. That's the case with Claus Vogt and Roland Leuschel. Both are proven realists. The Global Debt Trap is easy to read and inspiring. Was the Madoff scam the largest con ever? No, say Leuschel and Vogt, it was only the largest con not conducted by a government."
—Bruno Bandulet, G&M

Nearly every advanced industrial nation on Earth is now ensnared in the greatest debt trap of all time. The Global Debt Trap—a German bestseller—details the causes of our current economic crisis and argues that political mismanagement has endangered finances, health, and, in extreme cases, democracy itself. The authors remind us that the bigger the crisis, the greater the opportunity for those who can prudently prepare ahead of time.

After the bursting of the real estate bubble, the United States plowed ahead with a monetary and fiscal policy that is, at best, a powerful drug to postpone an inevitable day of financial reckoning; and at worst, a deadly pill that creates a far deeper political and social disaster. What many world leaders are saying in private—but none admit in public—is that it was precisely that kind of policy and government interference in the market economy that caused the real estate bubble in the first place . . . and continues to drive the global economy from one bubble-and-bust cycle to the next. In The Global Debt Trap, Claus Vogt and Roland Leuschel show how we arrived at this unfortunate predicament, how our leaders have failed us, and how they are likely to continue to do so. They advocate the freedom of the individual and the capitalist economic system derived from it—and show how to prepare for the aftermath of years of government interference in the market economy.

In their 2004 German bestseller, Das Greenspan Dossier, the authors exposed, in great detail, how the monetary policies pursued by the former Fed chairman created an unprecedented real estate bubble. They showed how the bubble would inevitably collapse. And they predicted how that collapse would lead to a series of financial disasters of unthinkable dimensions. Now, they explain how the "cure" for the 2008 debt crisis that major sovereign governments have pursued—massive bailouts—will prove to be far worse than the disease. They explain how it has led to a new crisis, this time in the debts of the sovereign governments themselves.

Most importantly, they tell investors precisely what they must do to protect themselves and how they can turn the next, most shocking phase of this crisis into a major wealth-building opportunity.