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Survival Investing How To Prosper Amid Thieving Banks and Corrupt Governments
Survival Investing How To Prosper Amid Thieving Banks and Corrupt Governments
Survival Investing How To Prosper Amid Thieving Banks and Corrupt Governments
survival investing
Copyright © John R. Talbott, 2012.
All rights reserved.
Where this book is distributed in the UK, Europe and the rest of
the world, this is by Palgrave Macmillan, a division of Macmillan
Publishers Limited, registered in England, company number
785998, of Houndmills, Basingstoke, Hampshire RG21 6XS.
ISBN 978-0-230-34122-7
10 9 8 7 6 5 4 3 2 1
Preface v
Introduction 1
1 A Day at the Races 9
2 Corruption in the Banks 21
3 The United States Stumbles and Falls 45
4 The Entire World Faces Default 59
5 No Reform Coming 73
6 The Low-Wage Threat of China and India 87
7 Why Economists Don’t Get It 99
8 Why Markets Don’t Behave the Way They
Are Supposed To 111
9 Why Stocks, Bonds, and Money Markets
Won’t Cut It 129
10 Only an Idiot Would Lend to
a Sovereign Government 145
11 Why Diversification Won’t Help 155
12 Real Assets–Real Returns 167
13 Gold as a Yardstick and as an Investment 189
14 A Brave New World 211
Index 229
About the Author 241
iii
Introduction
W
hen I am not writing books, I advise indi-
viduals and families about their financial
decisions and asset allocation. You can
see the business at my website, www.stopthelying.com. I try
to keep my monthly fees reasonable because I want to attract
mostly middle-income people who historically have not re-
ceived high-quality investment advice from Wall Street.
My greatest selling point is that my advice is unbiased.
When I tell people how they might want to allocate their as-
sets or whether it is the right time to buy a house, they can rest
assured that I have only their interests at heart. Unlike tradi-
tional brokers, who might be unloading their firm’s inventory
of worthless securities, I have no dog in the hunt.
I have learned a tremendous amount from my relation-
ships with my clients. I have come to appreciate the difficult
position many Americans find themselves in today. This book
is a direct result of those lessons.
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Survival Investing
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