James Dale Davidson

Two renowned investment advisors and authors of the bestseller The Great Reckoning bring to light both currents of disaster and the potential for prosperity and renewal in the face of radical changes in human history as we move into the next century. The Sovereign Individual details strategies necessary for adapting financially to the next phase of Western civilization. Few observers of the late twentieth century have their fingers so presciently on the pulse of the global political and economic realignment ushering in the new millennium as do James Dale Davidson and Lord William Rees-Mogg. Their bold prediction of disaster on Wall Street in Blood in the Streets was borne out by Black Tuesday. In their ensuing bestsellar, The Great Reckoning, published just weeks before the coup attempt against Gorbachev, they analyzed the pending collapse of the Soviet Union and foretold the civil war in Yugoslavia and other events that have proved to be among the most searing developments of the past few years. In The Sovereign Individual, Davidson and Rees-Mogg explore the greatest economic and political transition in centuries -- the shift from an industrial to an information-based society. This transition, which they have termed "the fourth stage of human society," will liberate individuals as never before, irrevocably altering the power of government. This outstanding book will replace false hopes and fictions with new understanding and clarified values.

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The authors foresee that the 1990s will be even more difficult than the 1987 crash with the bankruptcy of the welfare state; the breakup of many large institutions, including a number of nation-states; deeper declines of real estate prices; debt implosion; and the insolvency of many consumers and corporations.

"'Some economists are right. Some are wrong. But only one is Jim Davidson, with insights that are original, profound and disturbingly incise. Witty, provocative and clever--Davidson opens the fruit of modern economics, government and politically correct public policy and discovers it is rotten. What's more...eat too much of it...and it may prove fatal.' -- William Bonner." -- Back cover.

With a population just 62 percent the size of that of the US, Brazil has added 15,023,633 jobs over the past eight years, while the US has lost millions. In a world burdened by bankrupt governments and aging populations, Brazil is solvent, with two people of working age for every dependent. In a world of "Peak Oil" Brazil is energy independent, with 70 billion barrels of oil, 60% of the world's unused arable land, and 15% of its fresh water. Comparatively non-leveraged{u2014}and with significant room for growth and expansion, as well as vast natural resources, Brazil is a haven of opportunity.