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Survival Investing: How to Prosper Amid Thieving Banks and Corrupt Governments

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Most individuals and institutions hold the preponderance of their investments in common stocks, corporate bonds, mutual funds, index funds, muni bonds, money markets, bank CDs, and Treasury securities. But these conventional investments will not do well in a world dominated by corrupt, debt-laden governments and thieving bankers, brokers and middlemen. Finance guru John R. Most individuals and institutions hold the preponderance of their investments in common stocks, corporate bonds, mutual funds, index funds, muni bonds, money markets, bank CDs, and Treasury securities. But these conventional investments will not do well in a world dominated by corrupt, debt-laden governments and thieving bankers, brokers and middlemen. Finance guru John R. Talbott, prescient predictor of the financial crisis and the housing market crash, offers a new paradigm for the coming economic reality. He shows how the recent housing collapse and global economic crisis left governments of the world with enormous annual operating deficits at a time when the banking system continues to struggle with bad debts and requires additional government guarantees and bailouts. Add the fact that growth is constrained because the first wave of the baby boom is hitting 65 and consumers are still loaded with unsustainable levels of debt, and you have a recipe for an economic catastrophe. In this uncertain atmosphere, Talbott offers clear strategies on what you can do to protect your investments and your family. Among the global dynamics covered are: *the low-wage threat of China and India *the legitimacy of gold investing *the false security of diversification *the risks of sovereign debt . . . and why most economists are missing the boat.


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Most individuals and institutions hold the preponderance of their investments in common stocks, corporate bonds, mutual funds, index funds, muni bonds, money markets, bank CDs, and Treasury securities. But these conventional investments will not do well in a world dominated by corrupt, debt-laden governments and thieving bankers, brokers and middlemen. Finance guru John R. Most individuals and institutions hold the preponderance of their investments in common stocks, corporate bonds, mutual funds, index funds, muni bonds, money markets, bank CDs, and Treasury securities. But these conventional investments will not do well in a world dominated by corrupt, debt-laden governments and thieving bankers, brokers and middlemen. Finance guru John R. Talbott, prescient predictor of the financial crisis and the housing market crash, offers a new paradigm for the coming economic reality. He shows how the recent housing collapse and global economic crisis left governments of the world with enormous annual operating deficits at a time when the banking system continues to struggle with bad debts and requires additional government guarantees and bailouts. Add the fact that growth is constrained because the first wave of the baby boom is hitting 65 and consumers are still loaded with unsustainable levels of debt, and you have a recipe for an economic catastrophe. In this uncertain atmosphere, Talbott offers clear strategies on what you can do to protect your investments and your family. Among the global dynamics covered are: *the low-wage threat of China and India *the legitimacy of gold investing *the false security of diversification *the risks of sovereign debt . . . and why most economists are missing the boat.

30 review for Survival Investing: How to Prosper Amid Thieving Banks and Corrupt Governments

  1. 5 out of 5

    Will

    I'll save you a lot of time. He has two pieces of advice: buy real assets (i.e. property in areas that aren't in a massive bubble) and gold. Here's why buying gold is bad advice: http://www.emarotta.com/is-a-financia... The rest of the book is a rant against governments, bankers, economists, and the media. All perfectly true, but telling me how most of the reliable and reputable options are actually completely corrupted and fucked is why I bought the book in the first place.

  2. 4 out of 5

    Alesa

    This very radical book helped me to understand (a little bit, at least) what is happening with our country's finance. The author takes an alarmist approach, and really shakes you up. But since he accurately predicted the housing bubble bust, among other things, it seems wise to take him very seriously. Not having a background in economics or finance, I can't evaluate this book on a technical basis. However, I love the way the author writes, and the way he simplifies concepts using very This very radical book helped me to understand (a little bit, at least) what is happening with our country's finance. The author takes an alarmist approach, and really shakes you up. But since he accurately predicted the housing bubble bust, among other things, it seems wise to take him very seriously. Not having a background in economics or finance, I can't evaluate this book on a technical basis. However, I love the way the author writes, and the way he simplifies concepts using very common-sense language. Perhaps it's because he underscores the distrust I already had in our financial system, which he describes as utterly corrupt. But I certainly plan to follow his advice, namely to put investments into real assets rather than stocks or bonds or even money markets. While I hope that he's wrong about the inevitability of massive inflation, I remember the bad decades of runaway inflation all too well, and thus can easily imagine the frightening scenarios he describes. I wish some of my more finance-savvy friends would read this book, and tell me if I'm naive to believe it.

  3. 5 out of 5

    Marcus

    Nothing really new here, merely an updated version of Contagion (2009), which was an excellent book. Talbott spends a bit of time reviewing his excellent forecasting record. He then explains how the US and indeed the world got into the mess it now faces through corruption, market manipulation and excessive leverage. He envisions a future of high inflation which will destroy the value of most paper assets. He reverses his 2006 call and heartedly endorsed buying a home today given the ability to Nothing really new here, merely an updated version of Contagion (2009), which was an excellent book. Talbott spends a bit of time reviewing his excellent forecasting record. He then explains how the US and indeed the world got into the mess it now faces through corruption, market manipulation and excessive leverage. He envisions a future of high inflation which will destroy the value of most paper assets. He reverses his 2006 call and heartedly endorsed buying a home today given the ability to secure 30 year fixed rates at negative real interest rates. Hard assets are the future,read and decide.

  4. 4 out of 5

    David Donhoff

    For whatever its worth, I just finished and quite disappointed. The chapter titles held great promise, but as I dove in I discovered the authors world view is actually very non-economic. He is of the philosophy that in general business is bad and entrepreneurs are not to be trusted in making their own economic decisions. Once I got a fix on this authors mindset, I basically speed-skimmed forward looking (hoping) for *anything* showing a grasp of the grounded reality of understanding basic For whatever its worth, I just finished… and quite disappointed. The chapter titles held great promise, but as I dove in I discovered the author’s world view is actually very non-economic. He is of the philosophy that in general business is bad and entrepreneurs are not to be trusted in making their own economic decisions. Once I got a “fix” on this author’s mindset, I basically speed-skimmed forward looking (hoping) for *anything* showing a grasp of the grounded reality of understanding basic economics… but its just not there. When he hits the right angles (like being in favor of real assets) its far more by accident, I suspect, than a functional understanding.

  5. 5 out of 5

    Siew Lian Lee

  6. 5 out of 5

    Elizabeth Sturgeon

  7. 4 out of 5

    Ben

  8. 5 out of 5

    John

  9. 4 out of 5

    David

  10. 5 out of 5

    Robert

  11. 5 out of 5

    Buzzardlip

  12. 4 out of 5

    Joseph

  13. 5 out of 5

    Abc

  14. 5 out of 5

    Ntokozo

  15. 4 out of 5

    Jason Booth

  16. 5 out of 5

    Foxglove

    Good advice laced with hyperbole.

  17. 5 out of 5

    Aliasger Talib

  18. 5 out of 5

    Dumitru

  19. 4 out of 5

    Laura

  20. 4 out of 5

    Stephen Borstelmann MD

  21. 4 out of 5

    Tuan Tran

  22. 5 out of 5

    Josh Miller

  23. 4 out of 5

    Devi

  24. 5 out of 5

    Scott Turnbull

  25. 4 out of 5

    Yvonne Valnea

  26. 5 out of 5

    Penny

  27. 5 out of 5

    Andrés M

  28. 4 out of 5

    Blake Brezeale

  29. 4 out of 5

    Kathy Earley

  30. 4 out of 5

    kjusielvi

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