The Coming Economic Collapse

How You Can Thrive When Oil Costs $200 a Barrel

By: Dr. Stephen Leeb, Glen Strathy

Narrated by: Brian Emerson

Length: 7 hrs and 18 mins

Publisher's summary

When Dr. Stephen Leeb speaks, smart investors take heed. In his previous books, Dr. Leeb predicted the great bull market of the 1990s and the collapse of technology shares in the new millennium. Now, in The Coming Economic Collapse, Dr. Leeb shows that the U.S. economy is standing on the brink of the biggest crisis in history.

As the fast-growing economies of China and India push global demand for oil beyond production capacity, Americans will experience a permanent energy shortfall far worse than the one in the 1970s. The result will be severe financial hardship for most people, and once-in-a-lifetime opportunities for investors to become incredibly rich.

This is an urgent call-to-arms to avert an all-but-certain catastrophe and a survival kit for an era that offers us only two financial choices: poverty or wealth.

©2006 Dr. Stephen Leeb (P)2006 Blackstone Audiobooks

Scary

Very informative, good investment advice. I hope this information turns out false. Good to be aware of.

Visionary

Well, everything on htat book is happening right now. Inspired me to appropriate action accordingly.

Alarming

I definately think this book is "far end of spectrum doomsday", but the message transmits nonetheless. The future recession(s) will be increasingly difficult for America to withstand for reasons illustrated in "Collapse" and I think that regardless of this authors extremism, he is probably more right than wrong. This book is definately worth while.

Crisis explained

A thoughtful approach to the explanation as to why oil will be in short supply and how the world will react to it. According to the author, the coming oil crisis will not be a temporary blip like that of the 1970s...this one will be ongoing and life altering.

I particularly liked, this example highlighting the urgency for finding an new energy source. Think of a granary. Your neighbor owns it. You get all your food from them. You know that the silo is never able to be filled. More is going out than going in. You know they will run out at some point. Wouldn't you look for another source of food? Now imagine the neighbor does not like your family. Wouldn't looking for another source of food be a top priority? This put it in perspective for me.

As for how to make money in this crisis...well that's one man's opinion. I'm not an expert in investments but I'll be monitoring his choices.

helpful for the ordinary investor

The authors articulately give their opinion on coming economic trends that inspired this run of the mill 401 owner to do some of my own thinking. Apolitical and non-judgmental they helped me define my own investment goals and gave me the courage to make some independent decisions as I maintain my preferences in progressive and "green" terms. A must listen for anyone who worries how their retirement accounts are going to mature.

The Coming Econimic collapse (unabridged)

Economics is not a subject that I have a lot of familiarity with, but this book presents the subject in a very easy style. I was fascinated with the history of economic failures, and in light of the current world conditions the predictions made are right on target. I think this book would help anyone to understand at least some of what is going on currently. I am not so sure the investment strategies are as simple, but I really don't know much about that area either.

Impending disaster

To say the least this was a very interesting audio but more than that, it should provoke all of us to take action in whatever small way we can as individuals. . The authors presented thoroughly researched material in a way that should make sense to any of use who are not professional economists. The end result was a balanced and compelling account of the impending oil crisis and how it can impact on all of us. As a listener I was left to wonder in amazement how governments can continue to virtually ignore a problem whose consequences are enormous. It suggests solutions that cannot and must not be ignored. Recent happenings on the economic scene only serve to underline the disastrous path our current political leadership is taking. To say the least it held my attention throughout

thought provoking

Some interesting ideas. I'd like to try some of the investments but I need a bottomless pocketbook, which I don't have. Might be worth following however and if his predictions start to come true, be ready to use some of his ideas.

The Coming Economic Collapse (Unabridged)

Very interesting read. I wish I read it 2 years ago. At times it was a bit like someone was preaching to the reader but otherwise their position and arguments were intriguing.

Save your time

Summary: Fuel prices will go up, and if you don't think so, you have succumbed to "group think." Inflation likely up (he hedges). Invest in 1970s winners: oil, alternative energy, oil services, gold, real estate.

Criticism: Terrible book. Worst of the year, (of about 80+, mostly academic). That fuel prices will go up to $150+ per barrel in ensuing decade is probably true, but in this book you won't find evidence stronger than what you'll get from a hotel bar bull session. Author merely repeats thesis, and disparages those who disagree as succumbing to group think. Scant economic argumentation, and no social psychology evidence presented for relevant “group think” thesis. Transparent and pathetic rhetorical gimmicks, (ad hominem, false modesty, fallacious arguments from authority, unbalanced statistical comparisons, and pretenses of scientific competence, which get rather hilarious when he gets high-school science wrong.) Regrettably, a repulsive personality winds through the patchwork of second rate speeches composing the book. Investment advice only at tail-end, last 10%, of book.
The prose is business incompetent, the evidence infomercial, the personality egotistical, the investment intelligence, conventional and dull unless contradictory and useless. I fear first that reading the book lowers one’s IQ, and most that its strong sales indicate illiteracy on wall street.

Note: Do not confuse this book with *Collapse*, Jared Diamond’s brilliant integrated history of failed societies, (also on Audible). Diamond won a Pulitzer for *Guns, Germs and Steel*, and is one of the world’s most distinguished scientists.