基本信息·出版社：Broadway Business ·页码：272 页 ·出版日期：2008年01月 ·ISBN：0385512244 ·International Standard Book Number：0385512244 · ...
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The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investin |
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The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investin |
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基本信息·出版社：Broadway Business
·页码：272 页
·出版日期：2008年01月
·ISBN：0385512244
·International Standard Book Number：0385512244
·条形码：9780385512244
·EAN：9780385512244
·装帧：平装
·正文语种：英语
内容简介 The dollar is in trouble. Its value on foreign exchange markets has been falling for the past six years, and now its gradual decline is about to become a rout. This spells big trouble for the American economy—but potential riches for smart investors. In
The Collapse of the Dollar and How to Profit from It, financial gurus James Turk and John Rubino show how the dollar arrived at this precipice, why it will continue to plunge, and how you can profit from the resulting financial crisis.
The United States today is the world’s biggest debtor nation. To finance this mountain of debt, we’re flooding the world with dollars. The resulting oversupply of dollars will cause its value to decline until it is displaced as the world’s dominant currency. Precious metals will soar in value, and gold will reclaim its monetary role at the center of the global financial system.
James Turk, a leading gold authority and the founder of GoldMoney.com, and John Rubino, editor of the popular Web site DollarCollapse.com offer strategies for investing in gold coins, gold stocks, gold-based digital currencies, and other hard assets to create a
profitable portfolio.
The Collapse of the Dollar and How to Profit from It is a must read for every citizen and investor.
作者简介 JAMES TURK is founder of GoldMoney.com, which operates the leading digital gold currency payment system. He also publishes the
Freemarket Gold & Money Report (fgmr.com), an investment newsletter he founded in 1987. Previously, after a decade with the international department of Chase Manhattan Bank, he managed the commodity department of the Abu Dhabi Investment Authority. His media appearances include CNN, Bloomberg, and CBSMarketWatch, CNBC,
Barron’s, the
Wall Street Journal, and Financial Sense Online.
JOHN RUBINO is the author of
How to Profit from the Coming Real Estate Bust (Rodale, 2003) and
Main Street, Not Wall Street (Morrow, 1998). He spent the 1980s as a Wall Street financial analyst, and the 1990s as a regular contributor to theStreet.com,
Individual Investor,
Ziff/Davis/SmartBusiness,
Online Investor, and
Consumers Digest. He now writes for Fidelity,
Kiplinger's Personal Finance, and
CFA.
编辑推荐 “There is a crisis coming, and it will cause a collapse in the mountain of credit fostered by the monopoly central banks of the world. Read this book and find out how you can protect yourself while there’s still time.” – Robert R. Prechter, author of the bestseller CONQUER THE CRASH.
文摘 Chapter 1
ILLUSIONS OF PROSPERITY
During the final two decades of the twentieth century, the U.S. economy was the envy of the world. It created 30 million new jobs while Europe and Japan were creating virtually none. It imposed its technological and ideological will on huge sections of the global marketplace and produced new millionaires the way a Ford plant turns out pickup trucks. U.S. stock prices rose twentyfold during this period, in the process convincing most investors that it would always be so. Toward the end, even the federal government seemed well run, accumulating surpluses big enough to shift the debate from how to allocate scarce resources to how long it would take to eliminate the federal debt.
As the coin of this brave new realm, the dollar became the world’s dominant currency. Foreign central banks accumulated dollars as their main reserve asset. Commodities like oil were denominated in dollars, and emerging countries like Argentina and China linked their currencies to the dollar in the hope of achieving U.S.-like stability. By 2000, there were said to be more $100 bills circulating in Russia than in the U.S.
But as the century ended, so did this extraordinary run. Tech stocks crashed, the Twin Towers fell, and Americans’ sense of omnipotence went the way of their nest eggs. As this is written in early 2004, three million fewer Americans are drawing paychecks. The federal government is borrowing $450 billion each year to finance the war on terror as well as an array of new or expanded social programs. Short-term interest rates have been cut to an incredible one percent, and while growth is finally accelerating, borrowing at every level of society is rising even faster.The dollar, meanwhile, has become the world’s problem currency, falling in value versus other major currencies and plunging versus gold.The whole world is watching, scratching its collective head, and wondering what has changed.
The
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