The Global Debt Trap: How to Escape the Danger and Build a Fortune
Roland Leuschel · Martin D. Weiss · Claus Vogt
Jul 2020 · Gildan Media · Narrated by David Colacci
headphones
Audiobook
9 hr 7 min
Unabridged
family_home
Eligible
info
reportRatings and reviews aren’t verified Learn More
Want a 59 min sample? Listen anytime, even offline.
Add
About this audiobook
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.
Rate this audiobook
Tell us what you think.
Listening information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can read books purchased on Google Play using your computer's web browser.
