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The coming financial apocalypse and what government and individuals can do to insulate themselves against the worst shocks

In this controversial book a noted adherent of Austrian School of Economics theories advances the thesis that the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of the bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy. Michael Pento examines how policies followed by both the Federal Reserve and private industry have contributed to the impending interest rate disaster and highlights the similarities between the US and European debt crisis. But the book isn’t all doom and gloom. Pento also provides well-reasoned solutions that, government, industry and individuals can take to insulate themselves against the coming crisis.Paints an alarmingly vivid picture of the massive interest rate shock which soon will send consumers and the government into bankruptcyBacked by a wealth of historical and economic data, Pento explains how the bubble was created and what the U.S. can do to mitigate the impending crisisProvides investors with sound strategies for protecting themselves and their assets against the coming financial apocalypseExplains why retirees, in particular, will be at risk as real estate prices decline, pensions weaken, and the bond bubble bursts

Third printing, October 2010

Reviews

Michael’s focus is definitely for anyone who is in debt and wants some no-nonsense simple systems to bail out of it.
— Janine Bolon, founder of SmartCents Inc and author of ‘Money…It’s Not Just for Rich People’ and ‘Ditching Debt’

This book doesn’t waste time making its points, and there are many very good points. Michael Mihalik is a good teacher, and Debt is Slavery is the kind of how-to manual that should be handed out like tracts at an airport.
— MightyBargainHunter.com

Debt is Slavery is a great personal finance book, one of the best I’ve read.
— GetRichSlowly.org

The book is lean and mean – it doesn’t mince many words at all. If direct and clear advice is what you’re looking for, you can’t do much better than Debt is Slavery.
— TheSimpleDollar.com

Debt is Slavery is packed full of content and it prompted me to action. This book made so much sense to me and I think it helped me realize my true priorities. Your book is making a huge positive difference in my life. Thank you.
— BloggingAwayDebt.com

Book Description

In his book, Debt is Slavery, Michael Mihalik describes the 10 steps he personally used to gain control of his finances and pay off a large amount of debt.

The key to Mihalik’s method is changing the way people think about money. Mihalik contends that people who do not change their perceptions about money will never succeed in improving how they handle their finances because all action is born from thought.

Mihalik’s first technique is described in the title – equating debt with slavery. While this idea may seem extreme to some, people who are burdened with debt will definitely understand how borrowing money puts them in financial servitude to the lender. Successfully equating debt with slavery stops people from accumulating more debt, which is the first step towards recovery (similar to stopping the leak in a sinking boat prior to bailing out the water).

Mihalik goes on to describe other powerful ideas such as equating money with time (to eliminate unnecessary spending), evaluating the hidden cost of possessions, and avoiding the insidious influence of ubiquitous marketing. As the reader progresses through the book, their perceptions about money will transform until by Chapter 9, they will truly believe they can ‘Save 50 Percent of Your Salary’. The book ends with an in-depth description of a simple way to plan your finances.

The author states in the introduction that because people are busy and do not want to be distracted by ‘fluff’, he has boiled the book down to the absolute basics. The result is a hard-hitting book that is 128 pages cover-to-cover. There is a gem on every page and even the busiest person can find time to read this powerful book.

So much has changed…and yet, so much is exactly the same. Debt-Free Living has sold more than 300,000 copies in the two decades since Larry Burkett first laid down the challenge to live debt-free lives. And now, on the heels of the debt-fueled debacle that was 2008-2009, we need this message now more than ever.

With people’s credit, mortgages, car payments, salaries, commissions, and bills fluctuating daily, Debt-Free Living has never looked more attractive. This bestselling book has been updated and revised to reflect today’s realities alongside timeless biblical truth. Learn about the origin of most financial troubles and break out of the debt cycle. Debt-Free Living is a necessary resource to battle the ever-present temptation and trappings of more and more debt that keep weighing you down.

A new vision of the value of debt in the management of individual and family wealth

In this groundbreaking book, author Tom Anderson argues that, despite the reflex aversion most people have to debt—an aversion that is vociferously preached by most personal finance authors—wealthy individuals and families, as well as their financial advisors, have everything to gain and nothing to lose by learning to think holistically about debt.

Anderson explains why, if strategically deployed, debt can be of enormous long-term benefit in the management of individual and family wealth. More importantly, he schools you in time-tested strategies for using debt to steadily build wealth, to generate tax-efficient retirement income, to provide a reliable source of funds in times of crisis and financial setback, and more.

Takes a “strategic debt” approach to personal wealth management, emphasizing the need to appreciate the value of “indebted strengths” and for acquiring the tools needed to take advantage of those strengthsAddresses how to determine your optimal debt ratio, or your debt “sweet spot”A companion website contains a proprietary tool for calculating your own optimal debt ratio, which enables you to develop a personal wealth balance sheet

Offering a bold new vision of debt as a strategic asset in the management of individual and family wealth, The Value of Debt is an important resource for financial advisors, wealthy families, family offices, and professional investors.

Longlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award

For the past forty years western economies have splurged on debt. Now, the reality dawns that many debts cannot be repaid. But the oncoming defaults have a time-worn place in our economic history. As with crises in the 1930s and 1970s, governments will fall, currencies will lose their value, and new systems will emerge. Just as Britain set the terms of the international system in the nineteenth century, and America in the twentieth century, a new system will be set by today’s creditors in China and the Middle East. In the process, rich will be pitted against poor, young against old, public sector workers against taxpayers, and one country against another. To understand the origins of this mess and how it will affect the new global economy, Coggan shows us how our attitudes toward debt have changed throughout history?and how they may be about to change again.

During the second half of the 16th century, a wealthy widow by the name of Doña Antonia Nissim is arrested and charged with being a secret Jew. The punishment? Death by burning. Enter Suleiman the Magnificent, an Ottoman “Schindler,” and the most celebrated sultan in all of Turkish history. With the help of the Sultan, the widow and her children manage their escape to Istanbul. Life is seemingly idyllic for the family in their new home, that is, until the Sultan’s son meets and falls in love with Tamar, Doña Antonia’s beautiful and free-spirited granddaughter. A quiet love affair ensues until one day, the girl vanishes. Over four centuries later, thirty-two year old Selim Osman, a playboy prince with a thriving real estate empire, is suddenly diagnosed with a life-threatening condition. Abandoning the mother of his unborn child, he vanishes from Istanbul without an explanation. In a Manhattan hospital, he meets Hannah, a talented artist and the daughter of a French Holocaust survivor. As their story intertwines with that of their ancestors, readers are taken back to Nazi-occupied Paris, and to a sea-side village in the Holy Land where a world of secrets is illuminated. Theirs is a love that has been dormant for centuries, spanning continents, generations, oceans, and religions. Bound by a debt that has lingered through time, they must right the wrongs of the past if they’re ever to break the shackles of their future. 
*The Debt of Tamar is a work of fiction, inspired by the life and times of Dona Gracia Nasi and Josef Nasi. 

Struggling with debt? Get realistic help that’s actually useful, from Liz Weston, one of the most popular and respected personal finance experts! Today, people struggling with debt have far fewer options: lenders are stingier, which makes it harder to avert disaster, or to recover from setbacks like foreclosure, short sales, or bankruptcy. (Meanwhile, people with good credit have more options than ever, including some of the lowest interest rates in decades.) You need an up-to-date guide that can help you assess options, find help, discover opportunities, and take action that works. Liz Weston’s Deal with Your Debt, Updated and Revised Edition is that guide. Weston reveals why most “conventional wisdom” about debt is just dead wrong. For most people, it’s simply impractical to pay off every dime of debt, and live forever debt free. In fact, doing that can leave you a lot poorer in the long run. You’re more likely to give up, or pay off the wrong debts. You could leave yourself too little flexibility to survive a financial crisis. You could neglect saving for retirement. You might even wind up in bankruptcy — just what you’re trying to avoid! For most people, it’s smarter to control and manage debt effectively. In this extensively updated guide, Weston shows how to do that. You’ll learn which debts can actually help build wealth over time, and which are simply toxic. You’ll find up-to-date, real-world strategies for assessing and paying off debt, money-saving insights on which debts to tackle first, and crucial information about everything from debt consolidation loans to credit scores and credit counseling. Weston offers practical guidelines for assessing how much debt is safe — and compassionate, realistic guidance if you’ve gone beyond the safety zone. If you’ve ever worried about debt, you’ll find the new edition of Deal with Your Debt absolutely indispensable.

Tired of getting to the end of the money before you get to the end of the month? Wish you were in control?

If you’re afraid to open your bills, if you’ve never added up how much you owe, if you can’t even imagine being debt-free, it’s time to join the thousands of people Gail Vaz-Oxlade has helped. Her straightforward approach to money management is based on self-control, hard work, and prioritizing what’s really important. Debt-Free Forever is Gail’s step-by-step guide, and she’ll show you how to:

figure out how much you’ve actually been spendingcalculate how much you owe—and what it’s costing youbuild a budget that worksmaximize your debt repayments so you can be free of consumer debt in 3 years or lessprepare for a rainy day so it doesn’t mean a major setbackset goals for your new, debt-free life

Make no mistake: Getting out of debt isn’t easy. But in Debt-Free Forever, Gail gives you a clear strategy and the steps needed to implement it. So if you’re finished with excuses, overdue notices, and maxed-out credit cards, pick up this book, follow Gail’s plan, and start becoming debt-free forever.

Tired of getting to the end of the money before you get to the end of the month? Wish you were in control?

If you’re afraid to open your bills, if you’ve never added up how much you owe, if you can’t even imagine being debt-free, it’s time to join the thousands of people Gail Vaz-Oxlade has helped. Her straightforward approach to money management is based on self-control, hard work, and prioritizing what’s really important. Debt-Free Forever is Gail’s step-by-step guide, and she’ll show you how to:

figure out how much you’ve actually been spendingcalculate how much you owe—and what it’s costing youbuild a budget that worksmaximize your debt repayments so you can be free of consumer debt in 3 years or lessprepare for a rainy day so it doesn’t mean a major setbackset goals for your new, debt-free life

Make no mistake: Getting out of debt isn’t easy. But in Debt-Free Forever, Gail gives you a clear strategy and the steps needed to implement it. So if you’re finished with excuses, overdue notices, and maxed-out credit cards, pick up this book, follow Gail’s plan, and start becoming debt-free forever.

Considering debt settlement? Negotiate and Settle Your Debts guides you to an extremely inexpensive way to do your own negotiating and settling of credit card debt.

ALSO INCLUDED ARE WHAT THE BANKS ARE ACCEPTING AS SETTLEMENTS AS OF DECEMBER 2012.

Save thousands of dollars and improve the quality of your life with this very informative gem of a book. Contents are sample Debt Settlement letters , Instructions on the timelines, How and when to start negotiating with your creditors, What happens each month you go late, Credit Repair Letters, Information about the Statute of Limitations and FDCPA, Information about the IRS Debt Forgiveness laws including Insolvency. Recent debt settlement letters of the authors from Bank of America for 20 cents on the dollar show that the strategies in this book really work.
These are easy to follow steps, which allow you to take back control of your financial future. Take action on your credit card debt today and discover the secrets the debt settlement companies and banks don’t want you to know!

Product Features

  • Used Book in Good Condition

Devin Thorpe has collected over 150 essays on personal and family finance to help you learn how to be happier with your money, to live more frugally and investment more wisely. 925 Ideas… is an easy and readable guide to help your family find financial peace. Author Devin D. Thorpe explains: 1) how you and your spouse can find agreement on money matters, 2) how to teach your kids about money, 3) how to pay for your children’s college education, 4) how to live like a millionaire (spoiler alert! Frugally) 5) how to come up with $25,000 in a crisis 6) how to make ends meet on one income 7) how to get out of debt and stay out of debt 8) why home ownership should be your family’s top financial priority 9) how to ask your boss for a raise 10) how to use your finances to do more good in the world. And much more! Devin D. Thorpe is the author of the highly regarded book, Your Mark on the World and is the founder of the Your Mark on the World Organization, championing social good. The Your Mark on the World Organization believes that people, no matter their level of income, can give more and do more to make the world a better place. The empowering lessons of 925 Ideas will enable you to leave your mark on the world.

Product Features

  • Used Book in Good Condition