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Crashing the Dollar: How to Survive a Global Currency Collapse based on 0 ratings. 3 reviews.
This is a great book full of important information for this time of uncertainty. I learned a lot about the manipulation of our country's economy and what the average person can do to survive what is coming.
Unremarkable for its partisan view of everything. I think they reallyl believe that the American Establishment is made up of all Democrats and that Republicans have been fighting the good fight against inflation for decades. They don't even begin to present or account for what the Fed is doing or why presidents of both parties say one thing and then do just what every other president has done.They have a poor grasp of the bond and commodites markets, and no grasp of what has become of mortgage-backed securities and the big insurers. They do mention "derivatives" and "hedging agreements, credit default swaps and fractional default banking once in Chapter Six, but their conclusion regarding these forms of toxic debt is simply "Derivatives have given AIG Insurance and others a way to create paper worth $10 to $20 of every dollar of backing. That hardly seems to cover it. This book is the invention of a "roving editor" for Readers' Digest and a guy whose best credential seems to be that he was interviewed on CNBC and Fox. Oh, yeah, and it has an introduction by Pat Boone, which ought to impress just everybody. Other than a few quotes attributed to George Washington, Thomas Jefferson and Jay Leno, there is no supporting documentation for one single statement in the book. If you are considering buying this book because of its subtitle: How to Survive a Global Currency Collapse, forget it. Much like the economy, the appeal of the book is based on unkept promises. There is not one instance of "how to" in all of its 188 short-sighted pages. In fact, the last four chapters seem to be dedicated to the proposition that we've passed the point of no return. The advice given on how to save yourself? Invest your savings in "...antiques, collectibles, stored food, gold--that will retain value when the dollar inevitably collapses." There. That's all of it. You don't need to spend $15.00 on this book, so spend it on bags of cheap pet food. I'm betting that's the thing that will be the commodity in shortest supply when the implosion hits.
We learned a lot about what is really going on in our country and with finances... very well written...