Game Over: How You Can Prosper In A Shattered Economy

by Stephen Leeb

In these extraordinarily uncertain economic times, bestselling author Dr. Stephen Leeb has very carefully analyzed some of the basic and fundamental flaws of our economy, and his arguments are both compelling and frightening.

Yes, we already know that we are in desperate need of finding alternative sources of energy, but what Leeb details is just how close we really are to running out of oil, and that popular alternative plans such as wind power, solar power, ethanol, nuclear energy, and so on just aren't going to serve as the immediate answers.

Leeb makes it abundantly clear that the clock is ticking....and it's time to wake up.

When Stephen Leeb wrote the national bestseller THE COMING ECONOMIC COLLAPSE a few years ago, he predicted that the price of oil would quickly soar past $100 a barrel and push the price of gas at the pump to$4.00 a gallon. At the time of that book's publication, gas cost $2.50 and oil was around $65 a barrel.

Now -- in the most dramatic and most important book that Leeb has written to date -- he shows how the combination of several key factors -- including inflation, the every weakening dollar, the soaring price of oil, increasing competition from China and India, and our runaway national debt - are going to make for a very rocky road for Americans in the next few years.

The good news is that Leeb provides some key and valuable information as to how smart investors can survive. Is gold still the answer? What stocks will actually thrive in a down market? What happens to the real estate market? What professions will be the best ones to choose? All of these issues, and much more, are covered by Leeb in GAME OVER. It's startling but mandatory reading.

First published January 1, 2009

About the author

Stephen Leeb is a money manager and investment adviser. For more than 45 years he has been guiding investors via newsletters, books, blogs, and appearances on financial news networks including CNN, Fox News, NPR and Bloomberg TV.
Currently he edits the investment letter The Complete Investor, which he founded in 2003. Within its first year of publication, it won an award for editorial excellence from the Newsletter and Electronic Publishers Foundation, winning the award again in 2005.He also is owner and chief investment officer of Leeb Capital Management (LCM), a New York-based wealth management firm.
Leeb is the author of nine books on finance, investing, and geopolitical trends, starting with “Getting in on the Ground Floor” (1986) through his most recent, “China’s Rise and the New Age of Gold” (2020).
He has been called one of the country's foremost financial experts by Business journalist Charles Gasparino and one of the greatest long term strategists of his generation by American billionaire businessman Thomas Kaplan which can be summarized by Kaplan's statement and foreword in Leeb's 2012 release of Red Alert saying "I would caution readers to dismiss Stephen Leeb's warnings only at their peril."
Leeb is married to Donna Leeb, also an author, and lives in New York City, New York.

Reviews

[Desiree · Rating 4 out of 5]

Lots of gloom and doom here! The author claims that we are running out of commodities, which will make the US dollar fall in relation to currencies of resource rich countries. He claims there isn't even enough iron in the world to build all the wind turbines we would need to switch to alternative energy! Switching our cars to natural gas wouldn't work either as he says natural gas fields tend to get depleted rapidly. We are basking in a false sense of security, while the rug is being pulled out from under us. He claims inflation will rise to between 30 and 40 per cent!

"The single most essential asset to invest in for the next decade is gold." He even advertises his website, so you can keep up with changes....

An interesting take on the subject. I don't think things are quite as bad as he portrays here, at least, I hope not!

[Dee Renee Chesnut · Rating 4 out of 5]

It is time to get our heads out of the Canadian Tar Sands and read this book to promote discussion and cooperation. "Even today, Americans still cling by and large to the optimism born in the postwar period. Yet, while we bask in a false sense of security, the rug is being pulled out from under us."
I read this book at a slow pace, a chapter a day, to give myself time to truly hear the challenges to seven comforting but false assumptions. "These assumptions are:
1. The world contains virtually limitless oil and mineral deposits. If the supply gets tight, we can always find more.
2. Governments and central banks know how to keep inflation under control.
3. Economic growth, perhaps with some occasional small interruptions, is on a perpetual upward track that will bring greater prosperity to all the world's inhabitants.
4. America's wealth is based on enduring advantages--including free enterprise and Yankee ingenuity--that will ensure we will always have the top spot in the global pecking order.
5. The national debt is no problem because economic growth will be so strong that we can pay it off...someday.
6. Technology can solve all our long-term problems. It's just a matter of putting more money into research.
7. Meanwhile, we can easily cope with any short-term emergencies. If we need new infrastructure, we'll build it. When it becomes urgent to switch to alternative energies, we'll turn our attention to it and get the job done. Ditto for reversing the trade deficit, funding government entitlement programs, or anything else. Therefore, too much planning ahead isn't necessary."

[Austin · Rating 4 out of 5]

If I had acted on the other books Leeb wrote when I first read them I would have made money. He called exponential oil prices rises before they happened. I thought "that's nice, we'll see if he's right". He called the economic collapse before it happened. I thought "that's interesting, we'll see if it happens". Needless to say, when I saw this book in (I think) 09 I purchased without hesitation.

It's a fine read. Hasn't necessarily proved accurate yet but I wouldn't be surprised. Generally though, I just found this book to largely be a regurgitation of most of his talking points in his two books immediately preceding this one.

[Mylissa · Rating 2 out of 5]

didn't finish it. I thought this would be an interesting read, since this guy called the recession at least a year before the pundits admitted it, but his basic premise here is that we are running out of all natural resources and the world is going to end. He suggests that we buy gold because it will be the only currency that doesn't fail when things get really bad. In all honesty, I am not sure that he isn't right, but its sort of depressing to think about, and I can't really save the world economy myself so I put it down.

[Edmond · Rating 3 out of 5]

I pretty much skimmed the book. It was more of the age old earth is running out of resources and I don’t buy go buy gold and silver. But there was one chapter that caught my attention where Russia invaded Georgia in 2008 and how now they invaded Ukraine. Goes to show you can’t lose on defense companies.

[Linda · Rating 1 out of 5]

Buy gold and learn to love the simple life.

[Felicia A Sullivan · Rating 3 out of 5]

We're doomed.

[Kyle Ackerman · Rating 5 out of 5]

This book was a really interesting read. It has great in sites into the future political, environmental and economic environments.

[Nick Woodall · Rating 3 out of 5]

I liked this book, especially reading it with Harry Dent, Jr.'s The Great Depression Ahead, but he really engaged in hyperbole, that at times was very scary.