The worst of it is over of the 2008 Financial Crisis is over, right? WRONG!Government fiscal policies, fueled by almost a half-century of pointless and expensive wars fought on credit will reap disastrous consequences for each of us by the end of this decade. The United States government spends too much, does not collect enough money to pay its debts, and has a currency backed by thin air - debased by the debts of an unpopular war. Americans from all walks of life will face a crushing consequence as Ho Chi Minh, Saddam Hussein and Osama bin Laden have their revenge.While the changes necessary to prevent hyperinflation and the collapse of the dollar are in the hands of bankers and lawmakers "above our pay grade", average Americans CAN prepare themselves for the coming storm.Simply presented in layman's terms, Hyperinflation explains how we got into this debacle, and what happens if We The People don't get our beloved nation out of it.
If the United States economy ever does collapse, no one will be able to predict it and it will happen very quickly. Imminent collapses are very hard to detect and the collapse of our economy will be no different. All of us should remember 2008, where the U.S economy was on the very brink of collapse when investors withdrew billions of dollars from market accounts. Had those withdrawals gone on any further, things would have been even worse. If the United States economy ever does collapse, you will no longer have access to your credit. The grocery stores will run out of food. The supply lines of basic necessities will come to a screeching halt. The banks will shut down. People will panic. Utilities such as electricity and water will no longer even be available. No longer will we conduct business with cash. Rather, we will have to barter and trade everyday valuable items with others to get what we need. What's more, is that a collapse of the American economy would cause a panic across the globe. Global demand for the dollar will fall rapidly. Investors will turn to other types of currency. Interest rates will skyrocket and the dollar will become practically worthless due to hyperinflation. An entire pile of money won't even be able to buy you a single loaf of bread. In this guide, we are going to discuss how to prepare for the economic collapse and what to do when the collapse happens. Specifically, we are going to cover the following subjects in detail: -Why Will The Economy Collapse? -What Will Happen When The Economy Collapses? -How To Prepare For An Economic Collapse Now -Items You Need When The Economy Collapses -Bartering and Trading In A Post-Economic Collapse World -Final Tips By the end of this book, you will know why you need to prepare for the economic collapse, how to prepare for it, and what you need to do to survive and thrive when the collapse comes. The overwhelming majority of people in our country are not prepared for an economic collapse at all, so by reading this book and applying what you learn, you will be more prepared than virtually everyone else around you.
getAbstract Summary: Get the key points from this book in less than 10 minutes.This frightening book offers an interesting set of strategies to profit from what the authors see as the imminent collapse of the American currency (and, presumably, economy). It must be said that authors James Turk and John Rubino do not quite succeed in making the case that the economic catastrophe they foresee will happen. For example, they indicate that the value of the U.S. dollar will collapse against other currencies, but then they indicate that these other major currencies will also collapse, leading one to wonder what is collapsing with respect to what. Essentially, they seem to be predicting global hyperinflation, with price levels rising in every country. This scary prospect seems to demand somewhat stronger evidence than provided. However, getAbstract regards the authors' arguments as well worth reading, if only because hyperinflation has occurred in the past and so it is prudent to consider the possibility that it may happen in the future. The authors do a reasonably good job of explaining the various ways an investor might hedge against a dollar collapse by owning gold, precious metals and gold stocks. Turk, who has a Web site that works with a digital gold payment system, is straightforward about having a potential conflict of interest.Book Publisher:Copyright 2004 by James Turk and John RubinoPublished by arrangement with Currency Books/Doubleday, a division of Random House, Inc.
The United States has enjoyed unequaled and unrivaled prosperity for decades with seemingly no end in sight. But in the fall of 2008 a curtain briefly opened during the financial crisis, and the world saw for the first time the insiders behind the Wall Street Machine: investment bankers betting the house with your money, politicians looking out after financial insiders, and an economy built on an abyss of bad debt. The 2008 financial crisis also revealed the real growth engine behind the U.S. economy. The prosperity of America over the past forty years was not built on the solid ground of production and savings, which made the U.S. dollar the world's reserve currency, but on debt, consumption, and the unprecedented expansion of credit. During this time, the United States transitioned from the world's largest creditor nation to the world's largest debtor nation. This economic anomaly of holding the world's reserve currency as the largest debtor nation has allowed the United States keep spending for imports, taxpayer benefits, bank bailouts, a series of wars, and insider payments while maintaining the illusion of wealth and prosperity. But all of that is about to change. Now, with its production base offshored and an economy dependent on debt and consumption, the U.S. is entering the early stages of an even greater financial storm. This book will show you the truth about the U.S. economy, the dollar, and how to prepare and even prosper in the coming economic collapse.
Crash or Slow Loss of Value, You Must Protect Your Wealth from the Government The U.S. dollar is on the verge of catastrophe. For the first time in history, the debt of the most powerful government on Earth, leading the world's largest economy, has been downgraded by Standard & Poor's to Double AA from a perfect Triple AAA. The political grandstanding of the Republicans and Democrats over the debt ceiling made many Americans and others around the world doubt our leadership. And many feel the final deal between doesn't go far enough to reduce US government spending. US government debt now equals the country's Gross Domestic Product (GDP). That's like you or I owing an entire year of our incomes to Mastercard and Visa. The 2007-2009 financial crisis appears to have been the first step toward a deflationary depression that could destroy the savings of three generations of Americans. We've technically been "recovering" since March 2009, but despite all government and Fed actions to stimulate the US economy, unemployment stubbornly remains over 9%. That is, unless the government's massive cash creation unleashes a wave of hyperinflation. The US dollar has recently hit new record lows against the Japanese yen and Swiss franc, despite massive interventions by the central banks of those two countries. China has divested itself of 97% of its holdings of short-term US Treasury bills. That happened by March 2011, well before the current downgrade. China still owns many billions of US dollars of long-term Treasury bonds and is clearly worried about the future. They are making a big show of supporting Europe's economy, so they have an alternative to the US dollar. What is wrong with us when the biggest Communistic country on Earth has to lecture us on how to manage our currency? How much longer will China, Japan and international bankers continue to buy U.S. Treasury bonds to finance our swelling budget? If these countries began selling US dollars instead of buying, the hyperinflation would bankrupt America We - and Europeans - are also threatened by the debt problems of Europe. Greece nearly went up in flames over austerity measures forced on that country. Italy, Spain, Portugal and Ireland are also in bad shape. How long will France and German taxpayers continue to support them? If the euro breaks up, that will create more financial instability for the entire world. Gold recently hit a record high of $1,813 per ounce. I can't tell you exactly what is going to happen in the treacherous foreign exchange and financial markets in the future. Maybe another recession - the double dip some have been predicting since April 2009. Maybe deflation leading to a horrific depression. Maybe hyperinflation. Maybe a total collapse of the world's financial markets and infrastructure. All I know for sure -- and every day's headlines confirm this -- is that the future for the US dollar, euro and other fiat currencies looks dark and ugly. Bring on the Crash! offers a 3 part process to protect yourself and your family from these dangers. Whether you have $2,000 or $2 million, this volume contains the resources you need to make sure you weather the coming storm. This 3 step process is a comprehensive plan to survive almost all financial emergencies. And if we never fall through the thin economic ice the United States is now skating on, you'll still benefit from diversifying your retirement portfolio. 31,000 words. Therefore, hit the Buy button now.
You're about to face the biggest challenge of your life and you don't even realize it. America's collapse is coming. The question is: will you be ready? Imagine grocery store shelves being ransacked, or that your debit and credit cards no longer work. Imagine being forced to rely on the government for handouts, only to find that they're overwhelmed. Imagine surviving in a world that's gone mad when you're as unprepared as everyone else. When the system fails, you won't be able to rely on the government or anyone else to help you. You'll need to be prepared to take care of yourself and your loved ones. The Crisis Preparedness Guide will give you the knowledge and confidence you need to do just that. But it's not just about surviving the coming collapse, it's about thriving. When America collapses, those who are prepared ahead of time will have a crucial advantage others wished they had. This book is your roadmap for thriving. Understand that surviving the coming collapse isn't only about stockpiling food and water or stashing cash under the mattress—it's about positioning yourself and your family for success. Now imagine having the resources and know-how to provide for your loved ones when others struggle merely to stay alive. Imagine being the one who others turn to for leadership, safety and hope. The clock is ticking. The risk of societal collapse grows more dire each day. And it's the unprepared masses who will be the first to suffer when crucial services fail and desperate mobs take to the streets. Don't let this happen to you and your loved ones. By taking action today, you'll sleep easier tonight knowing you've done everything in your power to prepare your family. Grab your copy and start building your family's future today. Remember, if you fail to prepare, you're preparing to fail - and the stakes for failure couldn't be higher. Get this comprehensive, life-saving guide now before it's too late!
An in depth look at the predictions of the 'gold bugs' that the U.S. dollar is headed for catastrophic collapse through hyperinflation. While Peter Schiff and other gold bugs have described at length their visions of an apocalyptic future certain to befall the U.S. dollar, and their investment advice to prepare, they have offered little convincing detail to support their position that massive, money-supply triggered inflation is surely coming.
Second Edition Includes The Last Domino and Preparing Blog Posts with updated commentary on previous articles and writings! YOU DO NOT NEED A KINDLE TO PURCHASE THIS BOOK, WILL DOWNLOAD TO PC, iPhone, or iPad as well. WARNING: Do not buy this book unless you "get it." I will not try to convince you that it's going to happen, I don't have time. This book is less about why the Dollar will collapse than about what everyday people, like you and I, can do to prepare themselves for the collapse.If you are like me, you don't have extra money to be investing in gold coins or precious metals. You know that utilities will according to the President, "necessarily skyrocket." How will you handle an electric bill that is four times what it is now? I've read other books on Quantitative Easing, the Collapse of the Dollar and other Economic Meltdowns coming our way. I'm left with the burning question at the end of them all. "What can I do about it?" We've been trained to believe that all we can do is vote fiscally responsible every 2, 4 or 6 years. But voting isn't going to put food on the table. Half the time, the ones we vote for end up turning into the ones we voted against. You've seen gas prices in just the last month increase by more than 40 cents a gallon and there is no end in sight to the increase. How will you continue to pay for that? You don't have the funds to build a windmill or stock up on a year's worth of food in preparation for a food shortage. This book will show you how to do it for far less. How will you get food? How will you preserve it for use with or without electricity? How will you get limited electricity? How will you provide for your family when the dollar is worthless? This book answers those questions and more so that even those who are financially strapped can take the small steps necessary to begin.
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Since the financial crisis of 2008, the major governments of the world have resorted to printing large amounts of money to pay national debts and bail out banks. The warning signs are clear, and the collapse of the Zimbabwean dollar after years of rampant money printing is a frightening example of what lies in store for world economies if painful reform is not executed. When Money Destroys Nations tells the gripping story of the disintegration of the once-thriving Zimbabwean economy and how ordinary people survived in turbulent circumstances. Analysing this case within a global context, Philip Haslam and Russell Lamberti investigate the causes of hyperinflation and draw ominous parallels between Zimbabwe and the world's developed economies. The looming currency crises and hyperinflation in these major economies, particularly the United States, have the potential to turn the current world order upside down. This story of how money destroys nations holds lessons that cannot be ignored.
