How to grow your wealth during the coming collapse?

86 THE BiG DROP hand to make payments for a while before they actually de- fault. In the meantime, you can profit. The bond defa ...

THE PERFECT STORM 87 A lot of investors tend to extrapolate from whatever is going on. Behavioral psychologists have a name for ...

88 THE BiG DROP and what does Saudi Arabia want to do about it? If they can’t make fracking go away, they at least want to bank- ...

THE PERFECT STORM 89 the alternative energy sector. When I say alternative I mean in the fracking sector. A lot of it’s in the B ...

90 THE BiG DROP You might be saying to yourself: “Aha, so the banks are going to have all the losses.” Not necessarily. The bank ...

THE PERFECT STORM 91 of losses from unpaid debt — not counting derivatives. This fiasco is bigger than the subprime crisis that ...

92 THE BiG DROP I was talking to an investor recently about shifting some in- vestments, and he said: “Well, you know, my broker ...

THE PERFECT STORM 93 The losses are going to start to roll in, but they’ll come in slowly. I’m not suggesting that tomorrow morn ...

94 THE BiG DROP Good luck getting that out of Treasury bills. But what a broker will come along and say, is: “I’ve got a fund ri ...

THE PERFECT STORM 95 you got a pay raise, they would tax it, but if the cost of things you buy is lower, they can’t tax the savi ...

96 THE BiG DROP high-cost fields to be shut in. That means layoffs and reduced capital expenditure for pipes, equipment and tran ...

THE PERFECT STORM 97 There is actually good empirical evidence to support this approach, which is why the Fed uses it. But what ...

98 THE BiG DROP economics and is still widely read and cited today. The book was titled The Debt-Deflation Theory of Great Depre ...

THE PERFECT STORM 99 Investors today can see Fisher’s thesis at work in the field of shale oil production. From 2009–2014, sever ...

100 THE BiG DROP called a “spillover effect” or “contagion.” Distress can rapidly spread from the oil patch to commercial real e ...

THE PERFECT STORM 101 Algeria is a major energy producer. It has a very powerful Al Qaeda type Islamic extremist movement that h ...

102 THE BiG DROP You could have the worst of both worlds if the Islamic State takes over Algeria because there would be no oil p ...

CHAPTER 7 inside The Federal Reserve ■ Now, More than Ever Before, You Should Know the Players The Federal Reserve is the centra ...

104 THE BiG DROP the next year and beyond. And your success or failure as an investor will depend on that understanding. One rea ...

INSIDE THE FEDERAL RESERVE 105 This rotation is important because the regional reserve bank presidents are divided into “hawks,” ...