05440nam 2200649 a 450 991046321040332120200520144314.01-283-94126-01-118-24724-81-118-24722-1(CKB)2670000000316851(EBL)1107857(OCoLC)823719550(SSID)ssj0000886257(PQKBManifestationID)11475238(PQKBTitleCode)TC0000886257(PQKBWorkID)10816988(PQKB)11374520(MiAaPQ)EBC1107857(CaSebORM)9781118247228(Au-PeEL)EBL1107857(CaPaEBR)ebr10643069(CaONFJC)MIL425376(EXLCZ)99267000000031685120130111d2013 uy 0engur|n|---|||||txtccrInvesting in the age of sovereign defaults[electronic resource] how to preserve your wealth in the coming crisis /Peter T. Treadway with contributions from Michael C.S. Wong1st editionSingapore John Wiley & Sons Singapore Pte. Ltd.20131 online resource (242 p.)Description based upon print version of record.1-118-24721-3 Includes bibliographical references and index.Investing in the Age of Sovereign Defaults: How to Preserve your Wealth in the Coming Crisis; Copyright; Contents; Acknowledgments; Preface; Why Another Book on the Financial Crisis?; Overview of Contents; Chapter 1: Democracies' Fatal Attraction of Populism; Default, an Expanded Definition; Debt Default in History-A Recurring Theme; Nobody Likes a Lender; Populism, Democracy, and the Road to Default; The Demographics Are Awful; The Special Roles of the United States; Universal Suffrage-The Holy Grail or the Villain?; Universal Suffrage-The American Story; Rational Economic Man?Irrational Voters?Is a Meritocracy Good for Everyone?; Do We Want a Meritocracy?; Public-Sector Unions-We Vote for You, You Reward Us; Debt and Macroeconomics; Hyman Minsky: Another View of Debt and Macroeconomics; Culture Counts; One Note of Optimism; Notes; Chapter 2: The Sorry Fiscal State of the Advanced Countries; Sovereign Debt/GDP; Outlook for the United States; Dismal Demographics; Race and Ethnicity-An American Complication; Unfunded Entitlements and Dismal Accounting; And Then There Are the American States; The Ownership of US Government SecuritiesIf Something Cannot Go on Forever, Then It Will StopEurope-The Default Process Has Already Begun; The Euro-What Should Have Been; Concerned about the Wrong Thing; I Told You So; What Europe Should Have Done Differently; The Third German Attempt to Take Over Europe Will Fail, as Did the Last Two; The United Kingdom-Not a Euro Country; Japan-The Enigma; Notes; Chapter 3: A Diversion to India and China; India-The Democratic Surprise; China-Not a Democracy, Populism Less of a Problem; But the Dynasty Will Survive; Note; Chapter 4: The International Monetary System-In Desperate Need of RepairLet's Start with History and EconomicsThe Gold Standard in Theory-The Price-Specie Flow Mechanism; The Sad Evolution of the International Monetary System; Bimetallic/Silver Standards Pre-1879; The Classical Gold Standard (1879-1914); The WWI Fiat Money Period; Gold Exchange Standard (1921-1936); The Bretton Woods System (1945-1971); The Current Dollar-Centric Fiat Money System (1973-Present); The New World of Quantitative Easing (2001-?); The International Monetary System Must Change-But to What?; Keep the Current System But Set Up Rules; A New Gold Standard?; Alternative Private MoneysKeynes's BancorNotes; Chapter 5: The Road to Worthless Paper Money; China-The Birthplace of (Worthless) Paper Money; A Persian Diversion; The American Story-""Honest Abe"" Prints Some Money; German Hyperinflation-Is This the Prototype?; Modern Inflation; Are We Really in Deflation?; Measuring Inflation-Are the Numbers Really Higher?; Notes; Chapter 6: An Overall Assessment of the Current Investing Scene; The Bad News; The Good News and Some Long-Term Trends (Which Are Mostly Good News); The Unknowns; Supply-Side Reforms Must be Enacted; Taxation-Americans versus Everybody Else; NoteChapter 7: Investment Survival in the Age of DefaultsAcclaimed investment experts Peter Treadway and Michael Wong explain how to protect your investments-and even profit-from the coming sovereign default crises A major sovereign default crisis is looming for the so-called developed economies of the world. The result will be a major redistribution of economic wealth and an overhaul of the international financial system on an epic scale. Investing in the Age of Sovereign Defaults: How to Preserve your Wealth in the Coming Crisis explains what lies ahead, and offers invaluable suggestions to help investors avoid massive losses. <InvestmentsElectronic books.Investments.332.6Treadway Peter T873892Wong Michael C. S873893MiAaPQMiAaPQMiAaPQBOOK9910463210403321Investing in the age of sovereign defaults1950939UNINA