Overview

Since the financial bubble burst, the U.S. has created and pushed a monetary and fiscal policy which was at best blatantly wrong - and at worst carried an enormous financial risk -- and this is what started the real estate bubble. Those responsible repudiated the clearly visible problems and closed their eyes to the huge risks involved. Using quotes from their own work of the past few years, the authors prove that the dangers could indeed be clearly recognized: absurd rises in real estate prices and almost unbelievable excesses in bank lending (securitization of accounts receivable, credit insurers, and derivatives). The authors describe how the creators of the ever-present propaganda machine are systematically diverting attention from the fact that it was government interference in the market economy which brought us to where we are now, namely at the beginning of a financial calamity. They also describe what form the governments' and central banks' interventionist answers to the crisis take - and where they presumably will take us. This is an extremely transparent plea for the market economy. The book provides a lucrative message for readers: Every crisis - even the current one - offers fantastic opportunities for those who have prepared for it.

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David Colacci has been an actor and a director for over thirty years, performing coast-to-coast in lead roles of plays by a variety of playwrights, from Shakespeare to Sam Shepard to Steve Martin. He has worked as a narrator for over fifteen years, during which time he has read the works of such authors as Jules Verne, Henry Adams, John Irving, Michael Chabon, and John Lescroart. He has won AudioFile Earphones Awards, earned Audie nominations, and been included in Best of the Year lists by such publications as Publishers Weekly, AudioFile magazine, and Library Journal. David was a resident actor/director with the Cleveland Play House for eight years and has been artistic director of the Hope Summer Rep Theater since 1992. He currently lives in New York with his wife, narrator and actress Susan Ericksen, and his children, Mario and Elena. Martin D. Weiss, PhD, is one of the nation's leading providers of a wide range of investment information. He is chairman of The Weiss Group, which consists of four separate corporations, including Weiss Research. The Weiss companies have helped thousands of individuals make informed investment decisions and objectively discriminate between strong and weak stocks, insurance companies, HMOs, banks and S&Ls. Dr. Weiss has appeared on ABC, CBS, NBC, CNBC, and network news programs, including the Today show. He has been quoted in hundreds of newspapers and magazines, including the Wall Street Journal, USA Today, New York Times, Chicago Tribune, Los Angeles Times, Esquire Magazine, Money, Business Week, and Fortune. Weiss is the publisher and contributing editor of the financial newsletter Safe Money and is the author of The Ultimate Safe Money Guide and The Ultimate Depression Survival Guide.

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