The Global Debt Trap: How to Escape the Danger and Build a Fortune

June 27, 2011
Hosted by Jordan Goodman

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Episode Description

Claus Vogt, live from Germany, will speak about his latest book: The Global Debt Trap: How to Escape the Danger and Build a Fortune. We will speak about how what is now called the great recession, including the banking or financial system crisis that was not a market failure but a failure in monetary policy through the Central Bank. If U.S. borrowing hits the ceiling what implications will that have in the U.S. and internationally? We’ll discuss the tech and housing booms and busts, the great recession, the sovereign debt crisis, and gross public debt projections (as a percentage of GDP). Now for the escape hatch: ideas on an economic growth miracle, major interest rate cuts, bailouts by other governments, outright default, austerity, and money printing. The inflation escape hatch is typically the most appealing to most politicians and is most probable, but it comes with a high risk. It may soon careen out of control and usher in a period of hyperinflation.

The Money Answers Show

The Money Answers Show

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Do you need directions to a solid financial future? If so, The Money Answers Show with Jordan Goodman will provide you with a roadmap to making smart money decisions in every area of your personal finances. Join Jordan every Monday at 12 PM/PST 3 PM/EST for The Money Answers Show, on the VoiceAmerica Business Channel. Learn how and where to get the best deals on mortgages, cars, and insurance; find out the best ways to save for college and retirement, get out of debt, improve your credit rating, and save on your taxes. The Money Answers Show with Jordan Goodman will provide you with great tips on investment opportunities in real estate, stocks, annuities, and other investment vehicles. That’s The Money Answers Show with Jordan Goodman on the VoiceAmerica Business Channel, every Monday at 12 PM/PST.

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Jordan Goodman

Jordan Goodman

Jordan Goodman has a mission: to help everyone do better with money. Since graduating the Columbia University School of Journalism in 1977, he has spent the past 32 years combing the country to find the very best ways to help consumers make and save money and then sharing these gems with the public. As a staff writer/reporter at MONEY Magazine for 18 years, a weekly commentator on NBC News at Sunrise and Public Radio’s Marketplace Morning Report, and through his 12, soon to be 13 highly respected books, and his website www.moneyanswers.com, he has provided useful, common-sense information to the public. Some of his better-known books include Fast Profits in Hard Times, Everyone’s Money Book, the Dictionary of Finance and Investment Terms and Master Your Money Type. Jordan is a rare combination: someone who possesses not only encyclopedic knowledge about every area of personal finance but also a passion for helping his listeners not only to get educated but to take action to help their dreams become realities.

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