You’d have to be living under a rock not to notice the rising gasoline prices. The cost of energy is soaring, and rumors of even higher prices threaten to send the nation into an economic tailspin. Author and editor of the prestigious newsletter The Complete Investor Stephen Leeb warns that we are facing a crossroads that will either lead to our financial ruin or greater wealth than we could ever imagine.
In The Coming Economic Collapse, Leeb, author of The Oil Factor, and freelance financial writer Glen Strathy debunk the myths of limitless oil and tell us the facts about the coming years of an energy crisis that will affect each and every one of us. This book is filled with brief histories of oil-rich nations and shows how the rising demand for oil from competing nations like India and China present the United States with a challenge it has never had to face before. Severe financial hardships are predicted for many people, and companies, if they are not prepared, and for the few that know just what to invest in, the future can be brighter than ever. In fact, it can be quite “golden.”
Mostly gloom and doom, the book offers some hope for the savvy investor but not much hope for the regular Joe and Jane who cannot afford to beef up their portfolio, if they even have one. The Coming Economic Collapse is dire warning and once again tells us that the poor will just keep getting poorer, and the rich richer unless some drastic steps are taken on all fronts – economic, social, psychological, financial and environmental. Other than what to invest in, the authors don’t give much detailed advice on how to survive, and maybe that’s the scariest thing of all. We are so oil dependent, we may not survive.
Alternative energy is a solution the authors discuss at length, but again, we may not have time to develop the resources we need when the big bust goes bust. The Coming Economic Collapse won’t make you feel very light on your feet…but isn’t it better to know what’s coming, and to perhaps take any small steps you can to be prepared?
This is a call-to-arms we all must answer now.