Peter DamarisPeter Damaris, author of Spiraling Downward: Thinking About and Preparing for Economic Collapse, has spent more than 30 years working in a variety of financial institutions and consulting firms both in the US and overseas. He has specialized in risk management, financial analysis, equity portfolio management, and distressed debt resolution. He holds bachelors and masters
SPIRALING DOWNARD: THINKING ABOUT AND PLANNING FOR ECONOMIC COLLAPSE
America has suffered two economic blows in less than a decade: the collapse of the dot com bubble in 2000 and the collapse of the real estate bubble in 2007-2009. These blows have left the U.S. struggling to stay on its feet. Spiraling Downward considers the consequences if a still-weak America took another hit, another stock market crash and credit crunch. Given unaddressed imbalances in the US economy, an economic collapse, is indeed possible.
This book charts a path that an economic collapse might take. It starts with the anatomy of a market crash and a credit crunch. It seeks to identify the danger zones from which another crash might arise. It then looks at how a crash might shock an economy already weak into an unarrested downward spiral. Spiraling Downward thus offers a way to think about the unthinkable. At a time when conventional views of recession and recovery prevail, this book asks us to consider a different proposition: maybe this time it’s different.
"There are many books on the market today that discuss the fall of the monetary system that keeps our nation and the world afloat. The majority, while quite good, do precious little to teach the public just what could cause such an event, and those that do are usually filled to the brim with jargon that only an economist could discern. But, what if you had someone, steeped in the financial world, who could walk you through this in terms that were easy to understand, able to explain it in no uncertain terms with facts, graphs, and references. This is exactly what survival guru's Prepper Press have brought with their newest title Spiraling Downward.
Peter Damaris, a man whose three decades in the business world have all been centered around both economy and international relations, has written what could easily be called the single most relevant book of the new millennium. He starts by leading the reader through just what it would take to cause a the economy to fail, and, spoiler alert, it's a hell of a lot less than what one may think. Markets, jobs, credit, any of these is a likely flash-point that could burn our current way of life to the ground, especially in the already weakened state we find ourselves in.
I have read hundreds of books on survival, and have pondered this type of scenario dozens of times, but until I read Spiraling Downward I hadn't truly considered just how close to the precipice we currently are. This is brilliantly written, packed with information, and a must for anyone wanting to know just how to prepare and protect their families and themselves from what the next bursting bubble may bring."
- Josh Haney, Amazon Reviewer