Lynn McGuire
2017-05-01 20:51:07 UTC
_Buck Out_ by Ken Benton
https://www.amazon.com/gp/product/1514666979
A singular book, no prequel or sequel, about a financial apocalypse in
the USA. I read the POD (print on demand) version in trade paperback
with very nice paper and fonts. If there is a sequel published, I will
purchase it for reading. In fact, if the author publishes anything
else, I will purchase it.
Of all the apocalyptic scenarios facing the USA, I believe a financial
apocalypse to be of the highest danger, going from a remote concern now
in 2017 to an almost certainty in ten to twenty years. The current debt
of the USA, 20 trillion dollars, is just about equivalent to the USA
GDP. I believe that as the debt of the USA approaches twice the GDP,
the financial stability of the USA will significantly weaken and be
subject to attacks.
The scenario in the book is that China and Japan own 25% of the USA
treasury bills. In a unspecified future date, China decides to sell all
of their USA bonds and notifies Japan that they are going to do so. The
Japanese follow the Chinese and the interest rates for the USA bonds
rise from 3% to 23% over a period of six weeks as the bond markets are
flooded and the bond prices drop precipitously. The Dollar, the
effective reserve currency of the world, also drops significantly in
value compared to other currencies. The stock markets in the USA drop
by 85%. The rest of the story is about our protagonists getting out of
New York City and to their retreat in West Virginia.
My rating: 4.4 out of 5 stars
Amazon rating: 4.4 out of 5 stars (98 reviews)
Lynn
https://www.amazon.com/gp/product/1514666979
A singular book, no prequel or sequel, about a financial apocalypse in
the USA. I read the POD (print on demand) version in trade paperback
with very nice paper and fonts. If there is a sequel published, I will
purchase it for reading. In fact, if the author publishes anything
else, I will purchase it.
Of all the apocalyptic scenarios facing the USA, I believe a financial
apocalypse to be of the highest danger, going from a remote concern now
in 2017 to an almost certainty in ten to twenty years. The current debt
of the USA, 20 trillion dollars, is just about equivalent to the USA
GDP. I believe that as the debt of the USA approaches twice the GDP,
the financial stability of the USA will significantly weaken and be
subject to attacks.
The scenario in the book is that China and Japan own 25% of the USA
treasury bills. In a unspecified future date, China decides to sell all
of their USA bonds and notifies Japan that they are going to do so. The
Japanese follow the Chinese and the interest rates for the USA bonds
rise from 3% to 23% over a period of six weeks as the bond markets are
flooded and the bond prices drop precipitously. The Dollar, the
effective reserve currency of the world, also drops significantly in
value compared to other currencies. The stock markets in the USA drop
by 85%. The rest of the story is about our protagonists getting out of
New York City and to their retreat in West Virginia.
My rating: 4.4 out of 5 stars
Amazon rating: 4.4 out of 5 stars (98 reviews)
Lynn