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America's Financial Apocalypse: How to Profit from the Next Great Depression (Condensed Edition) | 
| Author: Stathis
Publisher: AVA Publishing
Category: Book
List Price: $34.95
Buy New: $26.18
You Save: $8.77 (25%)
New (12) Used (5) from $26.18
Rating:  15 reviews
Sales Rank: 93236
Media: Paperback
Number Of Items: 1
Pages: 276
Shipping Weight (lbs): 0.9
Dimensions (in): 8.9 x 5.9 x 0.8
ISBN: 0975577670
Dewey Decimal Number: 332
EAN: 9780975577677
ASIN: 0975577670
Publication Date: January 21, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New. Delivery is usually 5 - 8 working days from order, International is by Royal Mail Airmail
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Product Description
For more than two decades, numerous experts have predicted a major depression in America. Many of these forecasts were written in the early 90s as an aftershock of the 87 Crash. While most ignored these warnings, cautious investors withdrew from the capital markets. But the expected turmoil never appeared, at least not for over a decade. In the mid-90s, the Internet was released. Soon, hundreds of companies sought to harness this new technology. By 1999, the Internet stock bubble had swollen beyond belief, and everyone wanted a piece of the action. And we all remember what happened at the start of the new millennium. While this correction revealed the most recent illusions embedded within the economy, it s only a prelude of what to expect in the coming years. Today, economics control the investment cycle rather than hype generated by Wall Street. Accordingly, Washington can only hide the realities of America s decline for so long before the truth is revealed. Currently, we are in the middle stages of a secular bear market that began in 2001. Upon examination of the Dow Jones Industrial Average since 1900, it is clear that the stock market must correct downward in order to compensate for the spectacular appreciation of the 90s; a period fueled by excess consumption. Today we see that competitive forces from abroad are much more influential than in the past. In the mid-1990s, President Clinton signed off on NAFTA and the World Trade Organization, promising free trade would deliver better jobs and higher wages for all. But for the majority of Americans, the opposite has occurred. America entered the free trade paradigm as a losing participant from the start since all other nations place the burden of healthcare and pension costs with the government. While it still remains as the centerpiece for the global economy, America now relies on record debt to maintain its status as the world s strongest consumer marketplace. This has created the illusion of impressive productivity, while serving to mask declining living standards for the majority. As corporate America continues to achieve record profitability, these gains have come at the expense of its core citizens; the middle class. As a result of these trends, the United States is now more dependent upon foreign nations than anytime in its history. Declining oil reserves and a foreign-funded credit bubble have positioned its fate in the hands of the world. And its vulnerable role in the New Economy threatens to erode its empire status. Already, the effects of America s decline have registered. Declining competitiveness and reliance on foreign debt can be seen by noting the weakness of the dollar. As foreign nations lose interest in financing Washington s deficits, interest rates will soar. Soon, America will face the economic burden of 76 million aging boomers. Beginning in 2011, expenditures for Medicare, Medicaid and Social Security will start to grow rapidly. During this same period it is likely that peak oil will have been reached; this alone promises to cause worldwide devastation. In summary, I have presented what I feel to be a strong case for America s declining economic position and weakened competitive landscape by addressing the major issues at hand the trade imbalance and federal debt, free trade, healthcare, Social Security, pensions, the real estate bubble, the war in Iraq, tensions in the Middle East, the global oil shortage, and the effect baby boomers will have as they enter what they expect to be their Golden Years. See why Stathis has been censored by the media. They don t want you to know the truth.
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| Customer Reviews: Read 10 more reviews...
 an inventory of America's financial problems November 29, 2008
1 out of 1 found this review helpful
If you have read any book on America's financial crisis, you don't need to read this one. This book is written more like a catalogue of current financial and economic issues. The issues discussed in this book are very broad (see other reviews), but none is discussed in depth. After reading "Empire of Debt", "Demise of the dollar", and several other titles in the same category, I didn't find anything new or different in this book. The investment advice in this book is also very general and basic.
Although lack of depth, this book is informative and packed with charts and tables, which makes this title a valuable introductory course for anyone with no prior knowledge about American financial problems.
 Good summary of the economic mess November 23, 2008
2 out of 2 found this review helpful
The author provides a comprehensive and fairly easy-to-understand discussion about how the U.S. got into the current economic mess (I'm writing this in November 2008) and the many failings of the Bush administration to correct a disastrous course of events. He also has a good deal to say about how the greed of Wall Street Bankers, Corporate CEOs, and consumers who are willing to live beyond their means all contributed to the crisis. He also points the finger at NAFTA and free trade. There is plenty of blame to go around and Stathis doesn't pull any punches. Despite an excellent explanation of how we dug ourselves into this hole, his "how to profit" solutions are somewhat general. Prudence would dictate that readers use his cautious recommendations as a starting point for additional research into the profitability of precious metals, bond funds, alternative energy companies, mutual funds and equities.
 The Best Book Explaining Why This is the Begining of The Big One October 29, 2008
2 out of 2 found this review helpful
This is the best book on America's problems hands down. I am puzzled why I never heard of it before since the long edition was released in 2006. Stathis does not stop at his elaborate and very intelligent assessment of America's problems. This feat is alone monumental and has not been tackled by any other authors.
He understands that a depression involves a long period of socioeconomic decay and backs this up with societal, educational and other factors in addition to the pure financial waste and mismanagement that has plagued America for many years.
He makes some very bold predictions, many of which have already surfaced, such as the collapse of Fannie Mae and Freddie Mac, very high inflation, record prices for oil and gold, problems with the dollar, etc. He also predicts a decline in real estate prices of 30% from the peak (it is already over 23%). He makes too many credible predictions to list here and backs them all up.
His investment guidance is excellent (the previous reviewer obviously did not read the last 2 chapters). He advises to keep cash, buy gold, oil, healthcare and invest in China. The really great thing about this book is that he creates a general investment strategy for different types of investors. And he makes predictions about the stock market which have already come true.
In conclusion, this book is priceless. It will be valuable for a long time since he covers what happens to America after the real estate and banking problem. It is remarkable that the book was first written in 2006. I hope he writes a new one for 2009.
For now, I am reading his updates online. They're the most insightful I have come across. You should check them out
http://www.marketoracle.co.uk/UserInfo-Mike_Stathis.html
 TITLE IS MISNOMER October 29, 2008
5 out of 6 found this review helpful
This Book tells you literally nothing of any value on "How to Profit from the Coming Depression". It's a catchy title designed to sell books. The author doesn't deliver on that promise. My advice is to save your money or get it from the library.
Right on the money October 25, 2008
2 out of 2 found this review helpful
I've read this book several months ago and forgot about it. With the current crisis I read it for the second time. Mike has properly explained why we found ourselves in this economic debacle. The author is a visionary. Period. A must read.
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