My passion is to prepare clients' investments for the impending debt crisis. That is why I started Pento Portfolio Strategies and created the Inflation/Deflation and Economic Cycle Model. The US faces an entirely new paradigm – due to onerous debt, central banks are forced to either massively monetize the nation's debt or allow a cathartic deflationary depression to reset the economy. Our government is now compelled to seek a condition of perpetual inflation to maintain the illusion of prosperity and solvency. Our central bank is now walking the economy on a tightrope between inflation and deflation. This will require a vastly different and active investment strategy to fit the new dynamic.
I wrote
The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market
I read this book in college, and it helped define my political beliefs.
Although Goldwater refers to himself as a Conservative, the ideas expressed in this book would be considered Libertarian by today's standards. This book defines the basic principles of limited government and what a government should and should not provide to its constituents.
2011 Reprint of 1960 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. "The Conscience of a Conservative" was published by Goldwater when he was an Arizona Senator and a potential 1964 Republican presidential candidate. The book reignited the American conservative movement and made Barry Goldwater a political star. The book has influenced countless conservatives in the United States, helping to lay the foundation for the Reagan Revolution in 1980. The book is considered to be a significant statement of politically and economically American conservative ideas which were to gain influence during the following decades. The…
An apropos warning about the inevitable collapse of all empires that live beyond their means.
Wrought with historical references to past collapsed empires including the Roman and British, understand how the US is going down the same destructive path as the previous empires.
This book also explains how the high standard of living in the US and other Western economies is sponsored by the poorer, harder-working Asian countries that make something of value.
Issuing massive amounts of debt and printing money to pay for it isn’t a sustainable way to run an economy.
An updated look at the United States' precarious position given the recent financial turmoil In The New Empire of Debt , financial writers Bill Bonner and Addison Wiggin return to reveal how the financial crisis that has plagued the United States will soon bring an end to this once great empire. Throughout the book, the authors offer an updated look at the United States' precarious position given the recent financial turmoil, and discuss how government control of the economy and financial system-combined with unfettered deficit spending and gluttonous consumption-has ravaged the business environment, devastated consumer confidence, and pushed the global…
Written over a century ago, this is a book for the ages.
I read this book early in my career, and it provided a basis for understanding money that helped form my current economic theories. Mises reveals how money originated in the market and how its value is based on its efficacy as a commodity in exchange.
Mises concisely lays out the case for sound money with no inflation and introduces the beginnings of a full-scale business cycle theory.
"It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments." - from The Theory of Money and Credit
Originally published in 1912, Ludwig von Mises's The Theory of Money and Credit remains today one of economic theory's most influential and controversial treatises. Von Mises's examination into monetary theory changed forever the world of economic thought when he successfully integrated "macroeconomics" into "microeconomics" -previously deemed an impossible task -as well as offering…
Laffer, Moore, and Tanous cut through the noise of party politics and examine the economic policies of past administrations.
They argue that Nixon (R) was the worst president by promulgating a weak dollar and instituting price controls. Kennedy (D) was one of the best presidents highlighting his optimism and achieving economic growth by cutting taxes.
And, of course, Ronald Reagen, whose low tax, low regulation, and pro-growth policies lifted this country from its deep morass, saved it from stagflation, and led to the eventual downfall of the USSR.
They also suggest where we go from here, arguing that low taxes and a stable dollar lead to economic prosperity.
Now available in paperback with a new updated chapter, this timely book by three distinguished economists delivers an urgent message: Americans risk losing their high standard of living if the pro-growth policies of the last twenty-five years are reversed by a new president.
Since the early 1980s, the United States has experienced a wave of prosperity almost unprecedented in history in terms of wealth creation, new jobs, and improved living standards for all. Under the leadership of Presidents Ronald Reagan and Bill Clinton, Americans changed the incentive structure on taxes, inflation, and regulation, and as a result the economy roared…
This book explains the unchecked power of the Federal Reserve.
Perfect for those who don't have the time to read the 608-page The Creature From Jekyll Island. In this book, Paul explains in very simple terms that the Federal Reserve has been given absolute power over the most essential element of our economy – the price and supply of money.
Formed by a small group of powerful bankers who argued a central bank would stabilize the currency, over the past century since its creation, the Fed has not only destabilized the currency but also created a series of wealth-destroying asset bubbles.
It has also led to a trenchant and destructive wealth gap between the rich and the poor.
During the 2008 presidential campaign over 4,000 students gathered at the University of Michigan to hear Republican candidate Ron Paul speak. As he began to address the topics of monetary policy and the coming depression, a chant came from the crowd, 'End the Fed! End the Fed!' As dollar bills were set on fire, it became clearer than ever that the real problem, one that nobody in the media was talking about, was the central bank - an unconstitutional entity and a political, economic and moral disaster. Most people think of the Federal Reserve as an institution that has always…
The United States is in the process of popping the most significant asset bubble in history. We are in the early innings of a financial crisis that will cause a massive interest rate shock sending the US consumer economy and the US government―pumped up by massive Treasury debt―into bankruptcy. After reading this book, you will understand how policies sponsored by the Federal Reserve and private industry have contributed to the developing interest rate disaster. You will discover well-reasoned solutions that government, industry, and individuals can take to insulate themselves against the emerging crisis. This book helps investors gain insight into sound strategies for protecting themselves and their assets against the developing financial apocalypse.
After Dr. Shawn Jennings, a busy family physician, suffered a brainstem stroke on May 13, 1999, he woke from a coma locked inside his body, aware and alert but unable to communicate or move. Once he regained limited movement in his left arm, he began typing his story, using one hand and a lot of patience.
With unexpected humour and tender honesty, Shawn shares his experiences in his struggle for recovery and acceptance of his life after the stroke. He affirms that even without achieving a full recovery life is still worth…
Locked In Locked Out: Surviving a Brainstem Stroke
After Dr. Shawn Jennings, a busy family physician, suffered a brainstem stroke on May 13, 1999, he woke from a coma locked inside his body, aware and alert but unable to communicate or move. Once he regained limited movement in his left arm, he began typing his story, using one hand and a lot of patience.
With unexpected humour and tender honesty, Shawn shares his experiences in his struggle for recovery and acceptance of his life after the stroke. He affirms that even without achieving a full recovery life is still worth…
