WILL deflation and depression really happen? WHAT causes deflation and depression? CAN the Fed prevent deflation? WHERE can you find the few exceptionally sound banks, insurers, gold dealers and other essential service providers that can help you protect your wealth? HOW should you arrange your finances and your life in order to survive the depression, prosper while it's happening, and take advantage of the unprecedented opportunity coming at the next major bottom? Not one in ten thousand investors will think to ask these questions, even as their financial institutions may be lurching toward insolvency. YOU WILL FIND THE ANSWERS IN THIS BOOK "This book outlines brilliantly and simply the rationale for how and why the bubble developed. Prechter will go down in history as a legend for having predicted the secular bull market and now having provided a lucid description of the economic cataclysm that unfortunately lies ahead. I urge you to read this book and give it to your loved ones. It provides great tactical advice on how to prepare yourself financially. Reading this book could make the difference between agony and comfort over the next 20 years." David Tice President, Prudent Bear Funds

Table of Contents

Foreword.BOOK ONE: WHY A STOCK MARKET CRASH, MONETARY DEFLATION AND ECONOMIC DEPRESSION ARE LIKELY TO OCCUR SOON.PART I: THE CASE FOR CRASH AND DEPRESSION.1. A Myth Exposed.2. When Do Depression Occur?3. When Do Stock Markets Turn from Up to Down?4. The Position of the Stock Market Today.5. Evidence from Stock Participation and Economic Performance.6. The Significance of Historically High Stock Market Valuation.7. The Significance of Historically Optimistic Psychology.8. Implications for the Stock Market and the Economy.PART II: THE CASE FOR DEFLATION.9. When Does Deflation Occur?10. Money, Credit and the Federal Reserve Banking System.11. What Makes Deflation Likely Today?12. Timing Deflations: The Kondratieff Cycle.13. Can the Fed Stop Deflation?BOOK TWO: HOW TO PROTECT YOURSELF AND PROFIT FROM DEFLATION AND DEPRESSION.14. Making Preparations and Taking Action.15. Should You Invest in Bonds?16. Should You Invest in Real Estate?17. Should You Invest in Collectibles?18. Should You Invest in "Cash"?19. How to Find a Safe Bank.20. Should You Speculate in Stocks?21. Should You Invest in Commodities?22. Should You Invest in Precious Metals?23. What To Do With Your Pension Plan.24. What To Do With Your Insurance and Annuities.25. Reliable Sources for Financial Warnings.26. How To Ensure Your Physical Safety.27. Preparing for a Change in Politics.28. How To Identify a Safe Haven.29. Calling in Loans and Paying Off Debt.30. What You Should Do If You Run a Business.31. What You Should Do with Respect to Your Employment.32. Should You Rely on Government To Protect You?33. A Short List of Imperative "Do's" and Crucial "Don'ts".34. What To Do at the Bottom of a Deflationary Crash and Depression.Services That Can Help You Survive and Prosper in a Deflationary Depression.Supplement for 2004.Media & Misc. References.

About the Author

Robert Prechter is president of Elliott Wave International, which resides at www.elliottwave.com. EWI is a forecasting firm servicing institutional and private investors around the world, providing long-term as well as intraday analysis on stock markets, currencies, interest rates, commodities, and social trends. Since 1978, Prechter has published thirteen books on the financial markets, which have been translated into as many as a dozen languages. Every month, he writes thoughtful market commentary in The Elliott Wave Theorist. He is currently developing a new website dedicated to the elucidation of what he terms socionomics, a science of social-trend forecasting. Prechter attended Yale University on a full scholarship and graduated in 1971 with a degree in psychology. He began his career as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York City.

Reviews

"...A must read especially for the discerning investor..." (Malaysian Business, 16 November 2003)