Author Claus Vogt recently published “THE GLOBAL DEBT TRAP.” He is the editor of, “Sicheres Geld,” the first and largest-circulation contrarian investment letter in Europe. He is the co-author of the German bestseller, Das Greenspan Dossier, where he predicted, well ahead of time, the sequence of events that have unfolded including the U.S. housing bust, the U.S. recession, the demise of Fannie Mae and Freddie Mac, as well as the financial system crisis. He is also the editor of the German edition of Weiss Research’s International ETF Trader, which has delivered overall gains in the high double digits even while the U.S. stock market suffered its worst year since 1932. His analysis and insights appear regularly in Money and Markets. He has a strong reputation in Germany as one of the few analysts who managed to predict the recession of 2001 and 2007 plus the bursting of the stock market bubble and later of the housing bubble.