The Little Book of the Shrinking Dollar What You Can Do to Protect Your Money Now

by Wiggin, Addison

• ISBN13: 9781118245255
• ISBN10: 1118245253
• Edition: 1st
• Format: Hardcover
• Copyright: 2012-05-08
• Publisher: Wiley

Summary

America's currency is 37 percent below fair value against the Australian dollar and 20 percent versus the Canadian dollar, according to the OECD index. The dollar has mainly weakened since Fed Chairman Ben S. Bernanke signaled last year at an annual conference sponsored by the Federal Reserve Bank of Kansas City that the central bank may boost the economy by printing money and buying bonds. It purchased $600 billion of Treasuries between November and June, contributing to a 6.25 percent drop in the U.S. currency as measured by Bloomberg Correlation-Weighted Indexes. At an annual forum in Jackson Hole, Wyoming, on Aug. 26 that the central bank still has tools to stimulate the economy without providing details or signaling when or whether policy makers might deploy them. This book will focus on the reasons for the dollar's decline in relation to what is happening with currencies around the world. It will also offer strategies for investors and individuals who want to protect their money. These strategies will include mention of safer havens for money, alternative investments and other opportunities.

Author Biography

Addison Wiggin (Baltimore, MD) is the executive publisher of Agora Financial, LLC, a fiercely independent economic forecasting and financial research firm. He's the creator and editorial director of Agora Financial's daily 5 Min. Forecast and editorial director of The Daily Reckoning. Wiggin is the founder of Agora Entertainment, executive producer and co-writer of I.O.U.S.A., which was nominated for the Grand Jury Prize at the 2008 Sundance Film Festival, the 2009 Critics Choice Award for Best Documentary Feature, and was also shortlisted for a 2009 Academy Award. Wiggin is a three-time New York Times bestselling author whose work has been recognized by The New York Times Magazine, The Economist, Worth, The New York Times, The Washington Post as well as major network news programs. He also co-authored international bestsellers Financial Reckoning Day and Empire of Debt with Bill Bonner.

Table of Contents

Acknowledgments	p. xiii
Introduction	p. xv
Dollar Decline	p. 1
Serial Bubble Blowers	p. 9
Economic Reality Check	p. 31
Debts Do Matter	p. 49
Inflation 101	p. 75
Something's Gotta Give	p. 91
A Tale of Two Deficits	p. 121
Dollar Codependents	p. 133
The Dollar's Days Are Numbered	p. 153
Currency Winners	p. 175
Dollar Apocalypse	p. 189
Tips on Surviving the Next Crisis	p. 201
Table of Contents provided by Ingram. All Rights Reserved.