The book is titled The Great Collapse of the Government Bond Bubble: Secrets to Getting Rich in Bonds.
Most people would look at the title of the book and think, "The Great Collapse of the Government Bond Bubble," when there hasn't been a boom in government bonds yet, and therefore no bubble, and think it's getting ahead of itself.
However, I think Korea is starting to see a sovereign bond investment boom with the sale of government bonds for private investment exclusively.
After that, the rest of the world will see a massive surge in government bonds as longterm deflation begins in earnest. This is also a huge bubble-generating factor.
Although the book is titled "The Great Collapse of the Government Bond Bubble: The Secrets to Getting Rich in Bonds," the Great Collapse of all bonds, including government bonds, will happen soon, and the collapse of all assets will happen soon. That's why it's called the Great Collapse.
I emphasized the word "Great Collapse" because it is a long term deflation that started in 2016, and the collapse of all goods will begin at least until 2029 in Korea and 2048 in the world.
However, bonds, such as government bonds of all countries, are due for a big bounce right after the collapse, i.e., as soon as foreigners stop selling to avoid currency losses. However, the secondary bubble bursting of government bonds and other bonds due to a secondary interest rate hike will first appear, and then the big bull run will begin.
During a long term deflation, that is, in the case of Japan, bubbles accumulate in government bonds for 32 years, which is the situation in Japan today, and this is when the largest bubble in history is created in government bonds and other bonds. This fact is the most important.
When the FED raises interest rates for the second time to fight secondary inflation, the world sees a massive collapse in all assets.
Panicked foreign investors dump all foreign assets. As foreigners sell to avoid currency exchange losses due to the surge in the dollar's exchange rate, all bonds and government bonds begin a temporary crash.
This process of crashing and soaring is impossible to survive or deal with if the outcome is not predicted in advance. Therefore, this book provides readers with the opportunity to rehearse what is to come, and introduces the secret to getting rich from investing in bonds, or government bonds, in advance. In the U.S., all of these situations are put on banks and tested in advance. It's called stress testing.
I've written a lot of financial books over the years, and while I always focus on the present, I usually try to predict what will happen in two or three years, using all my experience and knowledge.
