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9781118249277

Inflation-Proof Your Portfolio : How to Protect Your Money from the Coming Government Hyperinflation

by
  • ISBN13:

    9781118249277

  • ISBN10:

    1118249275

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2012-08-07
  • Publisher: Wiley

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Summary

Inflation occurs when the supply of money in circulation begins to become debased and erodes in value. The government, with its insiders and elites, is both the cause of and the primary beneficiary of inflation. To see why, consider the past, when money was linked to metal coins made out of gold or silver. In ancient Rome, a denarius was at first almost 100% pure silver. Slowly and gradually, over time, the Roman government reduced the amount of silver in the denarius until it contained only 2% silver. Why? Because by debasing the currency, the Roman emperors were able to pay off government debts by forcing its citizens to accept coins that had less and less precious metal content. The debased coins were worth less, forcing citizens to spend more and more denarius to buy basic goods. In other words, debasing the currency caused inflation. Today a similar debasing process is going on with American money. Once a U.S. dime was 90% silver; now it is 0% silver. Until 1934, a U.S. dollar bought an ounce of gold for the fixed rate of $20.67. Now it costs over $1,200 to buy an ounce of gold. The U.S. dollar is almost certain to have a sustained run of extremely high inflation over the next decade because of continued huge government deficits and unfunded liabilities like the recent health care reform. Even before the health care makeover, the Petersen/Pew Commission on Budget Reform last year warned that the national debt was expected to grow from 40% of the gross domestic product (GDP) in 2009 to 85% of the GDP in 8 years, 100% in 12 years, and 200% by 2038. In other words, in just a few years our nation will owe twice as much as it produces. Since no conceivable level of taxes and borrowing will enable the U.S. to service such an enormous debt, the cowardly political way to deal with the situation will be to allow inflation to run rampant. Inflation-Proof Your Portfolio will be a useful guide in explaining the debt crisis and the rising inflation and providing key tools to protect readers from inflation.

Author Biography

DAVID VODA is a writer, businessman, and investor currently living in Boulder, Colorado. He has written on business topics for the Los Angeles Times and the New York Times, was a realtor in Palm Springs, California, and buys and sells real estate for his own account. He was a principal in Yes Yes Productions, which produced the award-winning feature, The Secretary. Most recently, he was producer of PJTV's business and economics show, Front Page.

Table of Contents

Prefacep. xiii
What This Book Is (and Isn't) Aboutp. xiv
Time to Take Actionp. xvi
The Dollar's Shrinking Valuep. 1
Why Governments Love Inflationp. 1
"It Can't Happen Here"-or Can It?p. 2
How Low Can It Go?p. 3
What You Don't Notice Won't Upset Youp. 4
Inflation Is Already Picking Up Steamp. 6
A Hope Is Not a Planp. 7
Exchange Dollars for Real Things
Life in the Gold Rush?p. 13
Gold: Traditional Haven for Nervous Investorsp. 13
Caution: You Are Late to the Gold Partyp. 14
Beware Investors Fleeing Goldp. 15
Why to Buy Some Gold Anywayp. 15
Buying Gold Nowp. 17
Gold Supply and Demandp. 17
How High Will Gold Go?p. 17
The Easy Way to Buy Goldp. 20
Downsides of Exchange-Traded Fundsp. 21
Warning: Exchange-Traded Notes = Added Risksp. 21
Why You Should Have Some Physical Goldp. 22
What Coins to Have on Handp. 23
Why to Avoid Bullionp. 23
How to Buy Mining Stocks (If You Must)p. 24
Silver-the Other White Meatp. 24
Why Silver Is Undervaluedp. 25
The Pros and Cons of Holding Silver Coins and Bullionp. 26
Learning to Like "Junk"p. 26
Another Way to Profit from Silverp. 27
Key Pointsp. 27
Real Estate: Home Is Where the Hedge Isp. 29
Why You Should Own Your Homep. 29
Is Now the Time to Make Your Housing Move?p. 31
When Renting Makes More Sensep. 31
How to Invest in Apartment Buildingsp. 33
How to Steer Clear of Passive Income Lossesp. 34
How to Protect Your Real Estate Equity against Falling Pricesp. 35
Invest in U.S. Farmlandp. 36
Risks of Farmland Investingp. 36
Key Pointsp. 37
Dollar Down = Oil Upp. 39
Why You Need to Invest in Black Goldp. 39
Why Proved Reserve Figures Are Unreliablep. 40
Is the World Running Out of Oil?p. 41
Will Abiotic Oil Avert a Hubbert Curve Peak?p. 42
Political and Environmental Pressures Are Pushing Oil Prices Upp. 43
Shale Gas-Energy Bright Spot?p. 44
The World's Biggest Oil Companies and Their Ticker Symbolsp. 44
The Easy Way to Own Oilp. 45
How to Profit from the Oil Supply Chainp. 45
Should I Invest in Oil Drilling?p. 46
Canadian Royalty Trusts: Good Investments No Longerp. 47
Key Pointsp. 47
From Diamonds to Trees: Alternative Assetsp. 49
Another Precious Metal-Platinump. 49
Why You Should Stay Away from Palladiump. 50
What about Stamps?p. 51
The Danger of Diamondsp. 52
Art: Love It or Leave Itp. 53
How to Get Money to Grow on Treesp. 53
Profit Opportunity: People Have to Eatp. 57
The Copper Shortfallp. 58
Key Pointsp. 60
Future Money Is Cheap Money
Beat the Banks at Their Own Gamep. 63
Why Fixed-Rate Mortgages Are Your Friendp. 63
Cut Your Mortgage in Halfp. 64
Don't Get Locked into HELOCsp. 65
Buy Big Houses and Lease Used Carsp. 65
If Your House Is in Foreclosurep. 66
FDIC "Insurance" May Be Hazardous to Your Wealthp. 68
Why Your Financial Accounts May Not Be Safe: Bank "Holidays"p. 68
Save Your Penniesp. 70
Key Pointsp. 71
Dueling with the Devil: Credit Cards and Student Loansp. 73
Why Credit Cards Aren't Worth the Plastic They're Printed Onp. 73
Don't Expect the New Law to Save Youp. 74
How to Outwit the Credit Card Companiesp. 75
How to Be a Bad Credit Card Customerp. 76
Goose Your Contracts with a Gold Clausep. 76
How to Use Inflation to Discount Your Student Loansp. 77
Beware of Prepaid Tuition Guaranteesp. 79
Key Pointsp. 81
Diversify Out of Dollars
Fleeing the Dollar: Foreign Currenciesp. 85
The Dollar: From House of Bricks to House of Strawp. 85
The Dollar Near-Term: Temporary Upswingp. 87
Foreign Currencies: Risks and Rewardsp. 88
Which Currencies Should I Invest In?p. 89
The Chinese Yuan Is Going Up-for Nowp. 89
Beware: China Has Its Own Stimulus Problemsp. 91
The Euro: Slow-Motion Meltdownp. 92
One Way to Invest in Foreign Currencies: ETFsp. 96
How to Invest in Foreign Bondsp. 96
Low-Debt Countries = Good Bond Betsp. 98
Gold Private Currencyp. 100
Become a Foreign Farmerp. 101
Key Pointsp. 103
Manage Your Government-Regulated Accountsp. 105
The Threat to Your IRA Wealthp. 105
Two Mutual Funds You Can Buy to Hedge against Inflationp. 106
U.S. Treasury Bonds: "Certificates of Guaranteed Confiscation"p. 106
Twisting in the Windp. 107
TIPS: Inflation Protection or Inflation Fraud?p. 108
Why You Can't Trust Government Inflation Statisticsp. 109
What to Hold in Your IRAp. 110
Start a Self-Directed IRAp. 111
Convert to a Roth IRA?p. 111
When Not to Convert to a Roth IRAp. 113
Key Pointsp. 113
Prepare for the Worst, but Expect the Best
Why Your Taxes Are Going Sky Highp. 117
The Numbers Speak for Themselves: Someone Has to Payp. 117
Say Goodbye to Bush Tax Cutsp. 118
Deficit Lip Service: How to Fool Some of the People Some of the Timep. 119
The Greek Road to Ruinp. 119
"New" Deficit Reduction Strategy: Taxesp. 122
Coming Soon to Your Pocketbook: The Alternative Minimum Taxp. 122
Loophole: How to Turn a $700,000 Tax Bill into $10 Million Tax-Free Giftp. 123
How to Tax a Trillion Dollarsp. 124
Your New Health Care Plan: Financed by Deceptionp. 124
Baby Boom Legacy: Spiraling Entitlement Costsp. 125
The Next Money-Grab: Value-Added Taxp. 126
Tax Fig Leaf: Erroneous Economic Modelsp. 127
Ouch! Economic Medicine That Worksp. 129
Why the United States Will Never Be the Same Againp. 130
Key Pointsp. 131
Look for the Warning Signsp. 133
The Warning Signs of an Imminent Currency Collapsep. 133
Is the U.S. Government Secretly Engineering a Weak Dollar?p. 136
How to Be a Billionaire-Zimbabwe-Stylep. 138
Is the United States the Next Greece?p. 139
Got Gold?p. 140
Wage and Price Controlsp. 140
The Lesson of the Russian Grandmothersp. 142
Key Pointsp. 143
Looking Up While Hunkering Downp. 145
Speak Outp. 145
Another Way to Multiply Your Voicep. 146
Develop a Necessary Skillp. 146
Start an Export Businessp. 147
Prepare a "Stay Bag"p. 148
Tangibles to Keep at Homep. 151
Whisky and Pot: Your Depression Friendsp. 152
The Health Care Bomb: Better Have That Surgery Nowp. 153
Consider a Move to the Countryp. 154
Buy a Generatorp. 155
Go off the Gridp. 156
How to Avoid Snoopersp. 157
Maintaining Your Privacy in a Facebook Worldp. 158
Key Pointsp. 159
Conclusion How to Sleep at Night, Whatever Happens to the Economyp. 161
Notesp. 163
About the Authorp. 189
Indexp. 191
Table of Contents provided by Ingram. All Rights Reserved.

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