How to Protect Your Life Savings from Hyperinflation and Depression

by John T. Reed

From John T Reed: 'It could happen tomorrow.' That's the first sentence in my new book How to Protect Your Life Savings from Hyperinflation and Depression. When subprime loans began melting down in 2006, I started studying what happened to make sure I did not make such mistakes and to tell my readers how to avoid the mistakes. When the Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, and the stock market crashed in 2008, I figured there was something bigger going on here. So I began to furiously research past financial crises. I wanted to see who won and who lost in each and figure out how I and my readers could protect ourselves. How to Protect your Life Savings from Hyperinflation & Depression is a risk-management book. 99.99% of American have almost no clue about risk management. Yet they are currently marching like lemmings toward our unsustainable financial future, blissful in their ignorance of hyperinflation risk, deflation risk, exchange risk, depository institution risk, counterparty risk, tax risk, political risk, index risk, model risk, currency risk, non-recourse mortgages, bankruptcy exemptions, correlated assets, and so on. In hyperinflation or depression, that sort of ignorance can kill you financially, and too often in the past, literally end your marriage, health, and even life. Wise up fast before it's too late. A friend suggested I title this book How to Keep What You've Got. That is partly what my newest book is about. But when you explain risk management, you have to identify what risk your are managing. Each risk requires different protective steps. The main risk we face at present is what economists would call monetary instability. Consumers would call it inflation and depression. Depression is another word for deflation. The problem in each case is a radical change in the purchasing power of the dollar.

Genres: Economics

316 pages, Paperback

First published January 1, 2010

Reviews

[Ron · Rating 4 out of 5]

Definitely worth the time to read. Don't read it for the prose. It's a lot of information compiled by an independent and intelligent thinker. I'm not saying what he's talking about is probable but I think it's definitely possible.

[CJ Flynn · Rating 5 out of 5]

This is a very good book he covers a lot of concepts and ideas to think about especially with how the economy just tanked in 2020 and how to protect yourself if a depression hits or if hyperinflation hits would recommend this book and thinks it is a worthwhile read.

[Anthony · Rating 4 out of 5]

A must read. It includes a great compilation of information about hyperinflation throughout history, in various nations. It also features the factors that can lead to the same thing in America, along with how to avoid the consequences.