The Great Depression of Debt: Survival Techniques for Every Investor

  • ISBN13: 9780470423714
  • Condition: USED – VERY GOOD
  • Notes:

Product Description
This book takes a close look at today’s economy and offers a bleak prediction for its future. However, those positioned to handle dramatic shifts in consumer spending, the mortgage industry, and the stock market are at a great advantage. Author Warren Brussee offers insight into the coming economic situation and provides steps to prepare for it. For example, he recommends that savings be in Treasury Inflation Protected Securities until the stock market drops … More >>

The Great Depression of Debt: Survival Techniques for Every Investor

5 Comments on "The Great Depression of Debt: Survival Techniques for Every Investor"

  1. While it may take me a few readings to understand the economic tables and logarithmic charts, the frightening parallels between our times and those of the Great Depression are clear. The author’s mechanisms for financial survival during these turbulent times are also quite clear.
    Rating: 4 / 5

  2. The author of this book predicted the current financial crisis and even called the date correctly, in the previous edition of this book (Second Great Depression). I read that book in 2007 and moved my money out of the market, much to the chagrin of a financial “expert” who was being paid by me at 1% of the funds in my account at that time. As part of his pitch for me to stay in the market, my advisor called into question my judgement for taking advice from a book. I checked the authors data at the time (it was sound), followed his advice and saved myself tens of thousands of dollars.

    Regarding TIPS (TIP), the author believes that inflation will rear its ugly head soon and based on this belief suggests using them to protect against inflation while the market continues to go down. The author then gives specific information about exactly when he thinks it will be smart to re-enter the market in equities, again based on sound reasoning and data. This is why you need to buy his book. He knew when to get out… so I’m using this book along with other books and information so as to know how to survive as the market dives down and then profit once the market is safe again to get in.

    Good luck to you all.
    Rating: 5 / 5

  3. This book attempts to summarize how they economy got into such bad shape (something which the author astutely predicted a few years ago). What will happen as a result of the Massive debt the country faces, and what you should do as an investor. These topics are of great interst to me so I was eager to read this book, but unfortunately it was a big disappointment. Specifically:

    The Positiives:

    1 Star for the author’s foresight in calling out the 2008 financial collapse a few years before it happened. If you had listened to him you’d be better off today.

    1 Star for the 3rd part on when to invest in the stock market. His review of the historic Price to Dividend Ratio of the S&P 500 and how to allocate between TIPS and Stocks provided interesting perspective for potential buying and selling triggers as well as Asset Allocation preferences.

    The Negatives:

    1. The author needs to find a new editor, the book was rife with grammar errors, and 3 page mumblings that he calls chapters.

    2. Including lots of graphs and charts is no substitute for thorough research. The author likes to make hyperbolic claims with subjective terms like Always, Never, Most, Sometimes etc. but he often fails to substantiate these terms with supporting data.

    3. The author is too quick to dismiss the many deflationary tendencies there are in the global economy right now and assumes that we will have rampant inflation in the near future. To be fair this is not just his short coming but in general Economic and Investment books are treating the inflation – deflation debate as a black and white either or question when what we really need is a book that asks what are the inflationary and deflationary forces at work in the global Economy and what scenarios could play out as a result?

    On the Deflationary side you have:

    Excess Manufacturing capacity globally.

    The Deleveraging of a multi-year credit bubble

    The Baby boom Generation having passed its peak spending age of 54.

    And Globalization and the Internet (which allowed me to by this book for $.99 plush shipping and handling.

    On the Inflationary side you have:

    Commodity Scarcity if Developing Markets Commodity Hunger outstrips the ability to increase supply

    Quantitative Easing by Central Banks around the Globe to stimulate the falling aggregate demand in their home countries.

    So what will be the end result of all of this? I do not know but I’m hoping to find the book that treats these matters as interconnected forces, rather than picking a side and ignoring half of them. And then talks about how they could play out, what investors can be on the look out for, and where they should put their money.

    For the deflationary argument due to boomer aging, I can recommend Harry Dent the Great Depression Ahead. For the inflation due to Oil Scarcity I can recommend Leeb’s The Oil Factor, if anybody has come across a book that has a more holistic look to all of the above I would be grateful if you could provide the recommendation.

    Thanks and Regards,

    German Uribe

    Rating: 2 / 5

  4. For what it is worth, I found this book to be a must read. The author was also ahead of his time by pretty much predicting what is unfolding now in our economy.

    If you are looking for a book to read about our economy this book is a great place to start. If you don’t believe me please notice the price of the used copies for sale. As I write this the savings is only a couple of dollars. What this tells me is that people are keeping their copies and not selling them. I currently still have my copy and bring it out to show friends when they say something really naive like I think stocks are cheap right now.
    Rating: 5 / 5

  5. I bought this book because it was written recently, with the current financial crisis in mind, and the author included what looked like useful data regarding retirement planning. Though I wouldn’t base my plan off the ideas in any one book, I’m open to ideas from many sources.

    The story of how we got here isn’t new to anyone who reads these types of books. Armageddonomics comes in many varieties, and the first part of this book was not unlike many others. The author for the most part seems to be on track: dropping dollar value, declining GDP, troubling demographics, etc. But there are several places where he doesn’t connect the dots.

    One one hand, he acknowledges the fundamental problem with our fiat money system and helicopter-drops of money that will inflate the currency beyond belief. But shortly thereafter, he dismisses gold as any kind of a hedge. Since the price of gold back in 1980 was nearly $2000 in todays dollars, and since we are nowhere near that level right now, you can forget all about gold as a worthwhile place to put your money. Eh?

    Instead, he seems enamored with Treasury Inflationary Protection Securities (TIPS). Without fully explaining what these really are, he goes on ad nauseum about TIPS being the central part of your investment plan, since nothing else really seems worthwhile. Anyone looking at Treasury products and their low yields these days might wonder if the advice he wrote back in mid-April 2008 is still valid today.

    Additionally, he goes on about the high costs of fuel (again, this book was written at the $147 dollar a barrel mayhem of last summer). He theorized that high fuel prices and a slow economy would be devastating, forgetting that a slow economy would also kill off demand for fuel. He tends to drink the alternative fuel kool-aid a bit too much, thinking it is some kind of panacea not only for our dependence upon foreign oil (it isn’t) but that it can also help rebuild our economy with job creation (it can’t).

    Though the charts in the back of the book may be useful for forecasting ones retirement needs (assuming his data is accurate), the rest of the charts are not helpful and detract notably from the order and readability of the book. There are also, as many others noted, several obvious proofreading errors throughout the text.

    Overall the book was off to a good start, but the author was inconsistent in his message and careless in his execution.
    Rating: 2 / 5

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