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by Addison Wiggin (Author), Jim Rickards (Foreword by)
A devastatingly incisive look at the devaluation of the American dollar and how it impacts you
In the newly revised third edition of Demise of the Dollar: From the Bailouts to the Pandemic and Beyond, New York Times and international bestselling author Addison Wiggin delivers yet another timely and insightful account of the devaluation of the American dollar. Fully updated to consider the events of the last ten years--including the COVID-19 pandemic--the book contains nuanced discussions of historic inflation, interest rates and the Federal Reserve, the impact the Euro has had since its introduction, the rise of China prior to the pandemic, cryptocurrencies and the United States' consumer debt addiction. It also demonstrates how all these factors, and more, are affected by the American dollar's role as the world's "reserve currency".
You'll learn what a weakened American dollar means for your portfolio and how you can best arrange your finances to protect against global macroeconomic risks. You'll find:
- Strategies for making your portfolio more resilient against economic shocks, downturns, and crises
- Explorations of what increasing levels of US consumer debt mean for your investments, and for the world's largest economics
- Examinations of how foreign countries have come to control the economic fate of the United States via the issuance of debt
A fascinating account of one of the most important trends in American economics in the last hundred years, Demise of the Dollar offers incisive observations about the factors driving the world's contemporary economies and specific and strategic guidance on how to structure your portfolio to survive, and even thrive, in a new financial environment.
Front Jacket
It's a modern enigma. How can the US dollar be subject to historic inflation - with prices for everything from eggs and energy to houses and stocks rising - while at the same time growing stronger as the "reserve currency" of the global economic system?
In the newly revised third edition of Demise of the Dollar: From the Bailouts to the Pandemic and Beyond, bestselling author Addison Wiggin delivers an engrossing account of the American dollar's current state, the growing trade deficit between the USA and other countries, the rising influence of China, and other structural flaws underpinning the foundation of the greenback. In the book, you'll explore how all these factors combine to weaken the dollar domestically and while posing significant challenges to economies, friendly or otherwise, around the world.
Demise of the Dollar offers specific guidance on how to handle your money in an economic arena where the average American consumer is addicted to spending beyond their means and foreign countries ultimately control the economic fate of the United States. You'll learn where to put your money where its more likely to survive and thrive during increasingly frequent economic downturns and crises.
This new edition contains extensive post-pandemics updates drawn from hundreds of interviews the author has conducted with leading financial voices as part of his podcast, The Wiggin Sessions. As well as, specific strategies deployed in the author's paid investment advisory, The Essential Investor. The new information puts many recent events into historical perspective.
An essential and enthralling discussion of the American dollar, debt, economics, foreign and monetary policy, and personal finance, Demise of the Dollar will earn a place in the libraries of anyone interested in the history, present, and future of the United States. It also offers timely and practical advice on how to best protect your nest egg in an increasingly volatile world.
Back Jacket
A Must-Read Discussion of the Fate of the American Dollar and What It Means for You
Demise of the Dollar: From the Bailouts to the Pandemic and Beyond, 3rd Edition, is an essential and timely discussion of the demise of the American dollar and the impact it has had on the world's economies and our own bank and retirement accounts. You'll find nuanced and insightful descriptions of interrelated topics, increasing levels of consumer debt, a plunging national savings rate, the growing influence of China, fall of the Euro, a widening US trade deficit and structural flaws in the very foundation of the US dollar. You'll discover how these factors have led to dramatic increases in inflation and other negative effects American investors would be wise to understand - rather, cannot survive without.
The author explains how you can best protect your bank and retirement accounts in an era of financial and political volatility, showing you how to make it more likely that your money can survive - or even grow - during increasingly frequent economic downturns and crises.
Perfect for anyone with an interest in the global and American financial systems, Demise of the Dollar belongs on the bookshelves of anyone with a financial or personal stake in the past, present, and future of the world's economies.
"What do solid economic analysis and clear writing actually look like? They look like this book by Addison Wiggin. The Demise of the Dollar is a sterling example of jargon-free exposition. It's not only up-to-date and clear, it's an invaluable guide to navigating the uncharted economic waters that surround us."
--Jim Rickards, from the foreword to the 3rd Edition
