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The Demise of the Dollar... and Why It's Great For Your Investments
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The Demise of the Dollar... and Why It's Great For Your Investments description
"Our long history of economic power and wealth is being eroded from within," writes Addison Wiggin, and the result will be reduced foreign investment, slow foreign demand for U.S. goods, and unfavorable currency exchange rates. A heavy debt burden, the trade deficit, and structural imbalances have created an unstable dollar bubble, and according to Wiggin, it's not a matter of if the bubble will burst, but when. That's the bad news. The good news is that hidden investment opportunities are waiting behind the weakening dollar. In The Demise of the Dollar… and Why It's Great for Your Investments Wiggin offers advice to readers looking to capitalize on this reality; specifically, he encourages investing in precious metals, tangible resources, and some select foreign markets.

Along with investment advice, Wiggin provides a brief history of government and consumer spending habits and how they have changed over the past 200 years. In clear language, he states the reasons for the dollar's decline, and provides explanations of the forces behind inflation, modern corporate accounting and adjustment schemes, the parallels between corporate failures and government policies, the implications of the national debt and deficit spending, and the distinctions between productive and consumptive debt. He also discusses how foreign countries, particularly China, are ultimately in control of the U.S.'s economic fate due to the staggering amount of credit they have extended. Wiggin is highly critical of Federal Reserve Chairman Alan Greenspan's policies, particularly the massive shift from production to credit that he has espoused, and calls into question his efforts to manage the dollar's value. Of course, Greenspan was not working alone--every president since Ronald Reagan has embraced his views. Written for lay readers, The Demise of the Dollar offers a practical analysis of what the "twilight of the Great Dollar Standard Era" may bring. --Shawn Carkonen

The Demise of the Dollar... and Why It's Great For Your Investments Customer Reviews
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♥♥♥♥♥ Interesting subject, a little repetitive
I agreed with some reviewers that the book is a little repetitive in the arguments. Despite of that I think this book helps to provide the big picture and all the factors involved in the Dollar depreciation, including some tips about investment. The problem per se is very difficult to deal with especially now with the United States entering a recession and the FED cutting interest rates, measures that do not help the dollar. But now, the important thing is to avoid the United States to enter a deep recession and to lessen the effects of this problem -- it is not the right time to fix this debt matter.

The big question for me is how long this consuming apetite can be sustained without taking measures to reverse the trade deficit problem. The brake will have to be taken some time in the future and I only hope it could be made in a way that the world economy is prepared and, wishfully, more decoupled from the United States economy. It is time for changes and new adjustment, and other economies of the world cannot look at the problem without taking precaution measures ... we all depend on the dollar.
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