With the weakening dollar a hot topic for retirees, savers, and investors, this Little Book delves into the economic turmoil in the U.S. and shows how to survive it The United States dollar is losing value at an alarming rate. According to the Organisation for Economic Co–operation and Development (OECD) index, the U.S. currency is 37 percent below fair value against the Australian dollar and 20 percent versus the Canadian dollar. The decline of the U.S. dollar is one of the biggest threats facing American investors today, but with the Little Book of the Shrinking Dollar: What You Can do to Protect Your Money Now in hand, you have the knowledge and the expertise you need to fight back. Written by New York Times bestselling author Addison Wiggin, a leading economic forecaster, the book explores the reasons for the dollar′s decline, and its precarious relationship to other currencies around the world. Filled with invaluable strategies for retirees, savers, and investors who want to keep their money safe no matter what lies ahead, the book is your one–stop guide to weathering the storm. Covers strategies for safeguarding your wealth, including safer havens for money, alternative investments, and other opportunities Written by Addison Wiggin, a three–time New York Times bestselling author and leading economic forecaster Wiggin′s predictions about the decline of the dollar have proven true time and again, making him the right man for the job when it comes to predicting what lies ahead The U.S. dollar is no longer the secure and stable currency that most Americans grew up believing in. Even after recent gains, the dollar remains weak. But with the Little Book of the Shrinking Dollar you have a concise guide to what′s driving its demise and everything you need to protect your money today and in the years to come.
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4.1 out of 5 stars
28 reviews
31 of 32 people found the following review helpful
5.0 out of 5 stars
An Excellent Resource in Understanding Where We Are and Where We Are Headed
5 Jun 2012
By D. Buxman
- Published on Amazon.com
Format:Kindle Edition|Amazon Verified Purchase
Monetary policy and dollar debasement are not generally easy concepts to understand, but as an investor it is critical that these issues be factored into investment decisions. Addison Wiggin does an exceptional job of explaining what the Federal Reserve is doing with its Zero Interest Rate Policy and the various incarnations of Quantitative Easing. The highest praise that I can give this book is that it is actually an enjoyable read, reflecting a tight writing style with concise, yet informative chapters. This book will not make you feel good about our economic prospects going forward, but it offers sound advice to help you weather the coming storm.
32 of 34 people found the following review helpful
2.0 out of 5 stars
Dont buy it if you already understand money
2 Aug 2012
By willd
- Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
I understand finance and bought the book thinking that this would provide a lot of protective strategies. It doesn't.
The 'advice' starts on about page 200 of a 225 page book and is very general. This book is mainly a promo for signing up for the advice on the authors website i guess.
If you don't understand the history of fiat currency, go ahead and buy it.
I should have known better.
The 'advice' starts on about page 200 of a 225 page book and is very general. This book is mainly a promo for signing up for the advice on the authors website i guess.
If you don't understand the history of fiat currency, go ahead and buy it.
I should have known better.
10 of 11 people found the following review helpful
3.0 out of 5 stars
Quick Read, Some Misinformation
2 Aug 2012
By Michael Madison
- Published on Amazon.com
Format:Kindle Edition|Amazon Verified Purchase
The book is a nice quick read on the history of a devaluing dollar and how the Federal Reserve has contributed to this fiasco.
However, it also has a bit of bad information. For example they state that CPI's are doctored so that the COLA (cost of living adjustments)
for benefits are intentionally lowered by not including food and energy. But the SSA uses CPI-W for all items, as does the Federal Pension System.
They do not subtract Food and Energy. The most widely reported CPI, CPI-U, also includes all items.
Clearly the CPI indexes are lowered by other means which achieves the goal of lowering reported inflation rates, which was the point, but it is not from subtracting food.
It is from substitution of items, for example, and how they continue to revise calculations to lower inflation rates. Shadowstats does a good job of demonstrating how they do this.
Sometimes the Federal Reserve subtracts food and energy to argue for low inflation in regards to monetary policy, but it depends on which branch. They also use different indexes,
but COLA does not subtract food and energy.
However, it also has a bit of bad information. For example they state that CPI's are doctored so that the COLA (cost of living adjustments)
for benefits are intentionally lowered by not including food and energy. But the SSA uses CPI-W for all items, as does the Federal Pension System.
They do not subtract Food and Energy. The most widely reported CPI, CPI-U, also includes all items.
Clearly the CPI indexes are lowered by other means which achieves the goal of lowering reported inflation rates, which was the point, but it is not from subtracting food.
It is from substitution of items, for example, and how they continue to revise calculations to lower inflation rates. Shadowstats does a good job of demonstrating how they do this.
Sometimes the Federal Reserve subtracts food and energy to argue for low inflation in regards to monetary policy, but it depends on which branch. They also use different indexes,
but COLA does not subtract food and energy.
›
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4.1 out of 5 stars
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