How You Can Profit from the Coming Devaluation

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Ishi Press International, 2010 - Business & Economics - 206 pages
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Now, we are facing a far greater crisis. The shift from gold and silver coins to paper money caused great concern to economists such as Harry Browne, but now today even the paper money has no value. Nowadays, the world's financial system is carried on Internet websites!!! Trillions of dollars flow back and forth every day through the world's financial markets. If the World Wide Web crashes, there is nothing to back it up. Today, the governments of the world are just creating ever increasing deficits. They are spending like there is no tomorrow. They are just bailing each other out. How much longer can this continue? The "mother" of all financial collapses is upon us NOW. That is why this book is needed more than ever NOW. The world's economy is being run as a giant Ponzi scheme. Governments are bailing out banks and then bailing out each other. The country of Greece was on the verge of collapse until the Government of the United States sent over billions of dollars to Greece to bail it out. Of course, the United States Government did not send real money to Greece. It just made an electronic transfer of funds. The Government of the United States is also bailing out several states of the United States. Who will bail out the United States of America when it collapses, as it must, because of the deficit spending that keeps increasing? The Collapse MUST come. It is inevitable. Our fondest hope has to be that it does not come during our lifetimes, so that only our children and grandchildren will suffer because of it. That is the reason why we need to read and re-read "How You Can Profit from the Coming Devaluation."

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About the author (2010)

Harry Browne is the author of several financial books as well as the modern classic, "How I Found Freedom in an Unfree World". In 1996, he was the Libertarian Party candidate for president of the United States. He lives in Tennessee.

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