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 is an actor and director who has directed and performed in prominent theaters nationwide. His credits include roles from Shakespeare to Albee, as well as extensive work on new plays. As a narrator, he has won numerous Earphones Awards, earned Audie Award nominations, and been included in Best Audio of the Year lists by such publications as Publishers Weekly, AudioFile magazine, and Library Journal. He was a resident actor and director with the Cleveland Play House for eight years and has been artistic director of the Hope Summer Rep Theater since 1992. 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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