The Global Debt Trap

Praise for THE GLOBAL DEBT TRAP HOW TO ESCAPE THE DANGER AND BUILD A FORTUNE This is among the most valuable and insightful works on the financial crisis and its ultimate consequences ever published. If you want to protect and grow your wealth even in the worst of times, heed the authors' warnings and seriously consider their recommendations. -Martin D. Weiss, New York Times bestselling author Claus Vogt, who predicted the current crisis in his 2004 book, Das Greenspan Dossier, describes the current situation as a dance on the volcano. The government stimulus programs ignited a straw fire, which might last a bit longer, maybe until mid-2010. But after that, according to Vogt, the day of reckoning looms. -Boerse ARD Being crash prophets is an ungrateful job. But Roland Leuschel has kept his aura since he successfully predicted the stock market crash of 1987. As chief strategist of Quirin Bank, Claus Vogt is allowed to freely tell what he thinks-exceptional latitude for a banker. The thesis of hyperinflation is very controversial, but the authors' lucid announcements are alarmingly plausible. -Die Welt (major German newspaper) One should preferably read financial books from authors who have hit the bull's-eye before. That's the case with Claus Vogt and Roland Leuschel. Both are proven realists. The Global Debt Trap is easy to read and inspiring. Was the Madoff scam the largest con ever? No, say Leuschel and Vogt, it was only the largest con not conducted by a government. -Bruno Bandulet, G&M Nearly every advanced industrial nation on Earth is now ensnared in the greatest debt trap of all time. The Global Debt Trap-a German bestseller-details the causes of our current economic crisis and argues that political mismanagement has endangered finances, health, and, in extreme cases, democracy itself. The authors remind us that the bigger the crisis, the greater the opportunity for those who can prudently prepare ahead of time.