Today, six years after its launch, the book (Conquer The Crash-By Robert Prechter) reads like a script.

Download the interview transcript here

Here are some highlights of the story Robert foretold in Conquer the Crash:

Collateralized Securities
“Banks and mortgage companies … package and re-sell … ’securitized loans,’ and [they] have issued $6 trillion worth of them. … In a major economic downturn, this credit structure will implode.” ~ Chapter 19

Mortgage-Backed Securities
“Major financial institutions actually invest in huge packages of … mortgages, an investment that they and their clients (which may include you) will surely regret.” ~ Chapter 16

Fannie and Freddie
“Investors in these companies’ stocks and bonds will be just as surprised when the stock prices and bond ratings collapse.” ~ Chapter 25

Banks
“Banks are not just lent to the hilt, they’re past it. In a fearful market, liquidity even on these so called ’securities’ [corporate, municipal and mortgage-backed bonds] will dry up.” … One expert advises, ‘The larger, more diversified banks at this point are the safer place to be.’ That assertion will surely be severely tested.” ~ Chapter 19

Insurance Companies
“The values of insurance company holdings, from stocks to bonds to real estate (and probably including junk bonds as well), will be falling precipitously. … As the values of most investments fall, the value of insurance companies’ portfolios will fall. … When insurance companies implode, they file for bankruptcy.” ~ Chapters 15, 24

Banking and Insurance Stocks
“We will see stocks going down 90 percent and more … [and] bank and insurance company failures.” ~ Chapter 14

Derivatives
“Leveraged derivatives pose one of the greatest risks to banks.” ~ Chapter 19

Real Estate
“What screams ‘bubble’ — giant, historic bubble — in real estate today is the system-wide extension of massive amounts of credit to finance property purchases. … [People] have been taking out home equity loans so they can buy stocks and TVs and cars. … This widespread practice is brewing a terrible disaster. ...

“The worst thing about real estate is its lack of liquidity during a bear market. … In time, there is a massive glut of real estate. … If you have a huge mortgage on a McMansion or condo that you cannot afford unless your current income maintains, sell it and move into something more reasonable.” ~ Chapter 16

Credit Deflation
“Usually the culprit behind [simultaneous stock and real estate] declines is a credit deflation. If there were ever a time we were poised for such a decline, it is now.” ~ Chapter 16

Political Leaders
“A leader does not control his country’s economy, but the economy mightily controls his image.” ~ Chapter 27

Short-Selling Ban
“In a bear market, bullish investors always come to believe that short sellers are ‘driving the market down.’ ... Authorities outlaw short selling.” ~ Chapter 20

Bailout Schemes
“If [governments] leap unwisely into bailout schemes, they will risk damaging the integrity of their own debt, triggering a fall in its price. Either way … deflation will put the brakes on their actions.” ~ Chapter 32

Rating Services
“Most rating services will not see it coming.” ~ Chapter 25

No other book more completely and accurately anticipated the financial turmoil unfolding today.