Download Buy gold now : how a real estate bust, our bulging national by S. McGuire PDF

By S. McGuire

Masterfully researched, and written in a simple variety, Buy Gold Now makes a case for purchasing gold as safeguard opposed to the emerging hazards of an exceptional international forex obstacle and as a ecocnomic funding car. Divided into 5 complete components, this trustworthy source examines our country’s present monetary state of affairs from a old point of view and addresses a number of the alarming matters that many economists are presently pointing to with trouble.

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Additional resources for Buy gold now : how a real estate bust, our bulging national debt, and the languishing dollar will push gold to record highs

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Sony, like Mercedes Benz and French wine exporters, needed their governments to intervene in currency markets to support the value of the dollar, or put another way, to keep their own currencies weak. The world’s exporters needed the dollar to be protected so that they could continue selling to the globe’s largest market. S. consumption, even today, accounts for one-fifth of global GDP. The world, then as now, relies on a strong dollar to keep the global economic engine running. ”What he effectively meant was this:When the Federal Reserve, in an effort to increase economic growth, turned on its money-printing machine—and it was running at high speed in the 1970s—the Bank of Japan and Germany’s Bundesbank had to do the same, or at least nearly the same.

An economy-crushing currency crash has simply never happened since Federal Reserve notes began circulating as the national paper currency, even in the darkest hours of the early 1970s. Our centuries-old financial and political institutions have endured and strengthened despite all catastrophes, an achievement few nations can claim. And those believing the euro is rising to replace the dollar as the world’s currency need to be reminded that the European currency is not even a decade old, and it has yet to face a major crisis.

In Monopoly, the popular board game, players use paper money printed in several colors to buy up a multitude of properties and pretend to be rich. But obviously, players could never use Monopoly money to buy real goods. S. indd 38 1/12/08 2:36:59 PM Our Economic Future May Be Out of Our Hands 39 never be redeemed for real goods without potentially causing a dollar collapse. And in that sense, China, the largest foreign creditor to the United States, effectively holds close to a trillion Monopoly dollars in its vault, money that effectively cannot be used in the real world.

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