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Updated version of the bestselling book on how to grow and protect wealth in difficult economic times Having an effective financial plan has always been important; today, it's crucial. In The Ultimate Money Guide for Bubbles, Busts, Recession, and Depression —the updated and revised edition of the bestseller, The Ultimate Depression Survival Guide —author Martin D. Weiss shows readers how to create a safe and effective financial plan for today's unpredictable economic environment. The Ultimate Ultimate Money Guide for Bubbles, Busts, Recession, and Depression answers the questions readers have about the new challenges of the "new normal," while also offering strategies to cope with the credit crunch, housing bust, and decline of the U.S. dollar.
From the Author: A Massive 40-Year Deterioration in America's Financial Stability
Back in the 1970s, Martin Weiss, author of , and his father predicted three primary dangers ahead in that decade:
• The likely collapse of thousands of savings & loan associations and banks.
• The possibility of a dollar devaluation.
• And, ultimately, the greatest danger of all — a collapse in the one key market that we felt should have never been allowed to collapse: United States Treasury bonds.
All those events came to pass! And today, a similar series of dangers is upon us, albeit with six shocking changes.
Shocking Change #1: Hundreds of Cities and States on the Brink
States with Deficits
Back in 1971, only a few cities were financially weak, and it still caused serious pain for hundreds of thousands of Americans.
So if you had predicted that, in the year 2011, hundreds of cities — and even entire states — would be on the brink of financial ruin, Dad and I would have stared at you in disbelief.
Never could we have imagined anything that bad in the United States of America!
And yet, that's what we have today.
Shocking Change #2: Federal Deficit Near 10 Percent of GDP
In the early 1970s, our nation's federal deficit was usually less than 2 percent of GDP, and still it was a cause of grave concern.
So if you had said that 40 years later, it would hit 10 percent of GDP — FIVE times worse — we would have been incredulous.
Never could we have imagined that the deficit would be that big in the United States of America.
And yet, here we are with a deficit that's in that danger zone — not just for one year, but two, three, even four years or MORE.
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