The Trillion Dollar Meltdown explains the arcane financial instruments, the chicanery, the policy misjudgments, the dogmas and the delusions that created the greatest credit bubble in world history. It also warns that continual denial and concealment could cause the crisis to stretch out for years if financial and government leaders continue to downplay the problem.

In this summary, you will learn:

• How to grasp the breakdown in financial markets that affects the entire world economy.


• How America's shift from a creditor nation to a debtor nation affects Americans and the rest of the world's population.


• What two paths can be followed to raise the savings we need to invest and grow.


• How the American government and finance executives continue on a course to disaster by tending to downplay and conceal problems.