LEADER 05440nam 2200649 a 450 001 9910463210403321 005 20200520144314.0 010 $a1-283-94126-0 010 $a1-118-24724-8 010 $a1-118-24722-1 035 $a(CKB)2670000000316851 035 $a(EBL)1107857 035 $a(OCoLC)823719550 035 $a(SSID)ssj0000886257 035 $a(PQKBManifestationID)11475238 035 $a(PQKBTitleCode)TC0000886257 035 $a(PQKBWorkID)10816988 035 $a(PQKB)11374520 035 $a(MiAaPQ)EBC1107857 035 $a(CaSebORM)9781118247228 035 $a(Au-PeEL)EBL1107857 035 $a(CaPaEBR)ebr10643069 035 $a(CaONFJC)MIL425376 035 $a(EXLCZ)992670000000316851 100 $a20130111d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInvesting in the age of sovereign defaults$b[electronic resource] $ehow to preserve your wealth in the coming crisis /$fPeter T. Treadway with contributions from Michael C.S. Wong 205 $a1st edition 210 $aSingapore $cJohn Wiley & Sons Singapore Pte. Ltd.$d2013 215 $a1 online resource (242 p.) 300 $aDescription based upon print version of record. 311 $a1-118-24721-3 320 $aIncludes bibliographical references and index. 327 $aInvesting 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? 327 $aIrrational 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 Securities 327 $aIf 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 Repair 327 $aLet'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 Moneys 327 $aKeynes'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; Note 327 $aChapter 7: Investment Survival in the Age of Defaults 330 $aAcclaimed 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. < 606 $aInvestments 608 $aElectronic books. 615 0$aInvestments. 676 $a332.6 700 $aTreadway$b Peter T$0873892 701 $aWong$b Michael C. S$0873893 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463210403321 996 $aInvesting in the age of sovereign defaults$91950939 997 $aUNINA