Profiting from the World's Economic Crisis: Finding Investment Opportunities by Tracking Global Market Trends

Acknowledgments ix

Introduction xi

PART ONE ECONOMIC FORCES 1

Chapter 1 The Budget Deficit Drives the Growth of All Debt 3

Chapter 2 The Trade Deficit and U.S. Dependency on Foreign Investments 27

Chapter 3 The Big Costs of Health Care, Social Security, and the Military 63

PART TWO FINANCIAL CRISIS RESPONSE 75

Chapter 4 The Federal Reserve Prints Our Money (Stop the Presses!) 77

Chapter 5 The Importance of Debt for Predicting Our Economy 115

Chapter 6 The Big-Picture Model of Our Economy 139

PART THREE RECESSION OR DEPRESSION? 157

Chapter 7 What Can the 1929 Great Depression Teach Us about Today’s Crisis? 159

Chapter 8 What the United States Can Learn from Japan’s Lost Decade(s): 1989–2009 183

Chapter 9 What the United States Can Learn from German and Other European Hyperinflations, and from China Today 211

PART FOUR INVESTMENT OPPORTUNITIES 227

Chapter 10 The Stock Market May Be Dead for Another Decade 229

Chapter 11 Energy in the 21st Century: The End of the Petroleum Age 241

Chapter 12 Food, Grain Trading 261

Chapter 13 The Demise of the Dollar 273

Chapter 14 Interest Rates: The Trade of the Decade 299

Chapter 15 Gold Is the Only Real Money 325

PART FIVE PUTTING IT ALL TOGETHER 367

Chapter 16 Forecast for the Future 369

Chapter 17 Looking Over the Horizon to See the Best Investments 385

List of Tables and Figures 421

About the Author 429

Index 431