false http://photo.goodreads.com/books/1174411264m/394115.jpg 394115 1 "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 <I>The Demise of the Dollar&#133; and Why It's Great for Your Investments</I> 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.<p> 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, <I>The Demise of the Dollar</I> offers a practical analysis of what the "twilight of the Great Dollar Standard Era" may bring. <I>--Shawn Carkonen</I> 383667 8 8 2005 The Demise of the Dollar... and Why It's Great For Your Investments total:7|5:2|4:5| 7 30 15 1 0 0 false false Sat Jun 14 20:49:49 -0700 2008 Sat Jun 14 20:50:44 -0700 2008 0 0 false false Tue Apr 21 18:36:37 -0700 2009 Tue Apr 21 18:36:37 -0700 2009 0 0 false false Wed Jan 21 13:24:14 -0800 2009 Wed Jan 21 13:24:14 -0800 2009 0 0 false false Wed Sep 24 03:01:47 -0700 2008 Mon Nov 03 20:56:11 -0800 2008 0 0 false false Sun Jun 29 20:05:07 -0700 2008 Sun Jun 29 20:05:18 -0700 2008 0 0 false false Sun May 04 16:38:23 -0700 2008 Sun May 04 16:38:23 -0700 2008 5 0 false false Sun Oct 05 15:07:49 -0700 2008 Sun May 04 12:42:17 -0700 2008 Sun Oct 05 15:07:49 -0700 2008 4 0 false false Sat Apr 19 15:44:10 -0700 2008 Sat Apr 19 15:44:10 -0700 2008 0 0 false false Wed Apr 16 10:15:18 -0700 2008 Wed Apr 16 10:15:23 -0700 2008 4 0 false false Thu Feb 14 07:07:44 -0800 2008 Thu Feb 14 07:07:44 -0800 2008 4 0 false false Tue Oct 23 13:04:36 -0700 2007 Tue Oct 23 13:04:36 -0700 2007 0 0 false false Tue Oct 23 01:04:45 -0700 2007 Tue Oct 23 01:04:45 -0700 2007 5 0 false false Mon Jul 23 17:32:19 -0700 2007 Mon Jul 23 17:32:19 -0700 2007 4 0 false false Sun Jul 22 03:18:13 -0700 2007 Sun Jul 22 03:18:13 -0700 2007 4 0 false false Tue Jun 05 12:25:36 -0700 2007 Tue Jun 05 12:25:36 -0700 2007 http://www.goodreads.com/book_link/follow/8?book_id=394115