Sleeping on a Volcano

Book excerpt: Sleeping on a Volcano makes the case that sovereign debt is unsustainable in an aging world. Throughout the book, the thesis is strongly backed up with data from the International Monetary Fund (IMF), the Bank for International Settlements (BIS), The World Bank, and population statistics from the United Nations. By highlighting longer demographic and geopolitical trends which have already begun to shift, Sleeping on a Volcano explains complex but extremely important concepts like: declining fertility rates changes to the global monetary system central bank's quantitative easing policies All in a way that can be understood by nonprofessionals. With clear language and insightful graphs on every topic, the economic, demographic, and geopolitical changes of the past seventy years are put into context - and the perilous future of Sovereign Debt examined in stark detail.