Product description
The US dollar is sick, and the Federal Reserve is sick too.
Please consciously reverse our views on investment, business practices and social norms
The prophecy of the century of finance. The general history of finance that the general public should read
The current world is in various danger signs.
War, asset bubbles, debt expansion, social inequality, and the sharp expansion of the gap between the rich and the poor. What will the global currency trend under this tension How will wealth flow At the moment of insider and prediction, this book will tell you a possible global political and economic transmation and each of us may be difficult to escape
An epidemic has caused the global economy to fall to the ground and faced unprecedented challenges. The everincreasing debt and deficit have left them with no choice but to continue spending money, accumulating more debts that they can't afd, and then conceal everything with currency depreciation. In this vicious cycle, another wave of uncontrollable inflation began to appear, which made governments all over the country have to use interest rate hikes.
mer Hollywood film worker Adam Baratta, who has taken another strike after the bestselling masterpiece in the United States, "The Investment Rule of Wall Street Don't Let You Know". This book explains the concept of monetary policy in vivid words; after reading this book, you will learn about the reasons and methods of federal preparation policies to promote government debt expansion, and how they gradually weaken the global fiscal system in the name of making money. What are the consequences The system will be completely out of control, and the problem of wealth inequality is like a time bomb waiting to detonate the global economy."Great Devaluation" is one of the most timely works on the current global economic situation. Amazingly: The financial writer Barata, produced by Hollywood screenwriter, summarizes the trend with the following simple idea:
"What seems crazy in normal times becomes necessary in crisis."
Barata, who has published a bestselling financial book, explains why the real crisis facing the world today is not the novel coronavirus. The real crisis in the world is explosive government debt and deficit. The government may have no choice but to eat the food in the first place and then make up it by devaluing the currency.
In his previous sequel to Gold Is A Better Way, Adam Barata brought monetary policy into real life. You will understand how and why the Fed's policy has promoted a surge in government debt and systematically undermined the world's financial system in the name of profits. What's the result This creates an outofcontrol system in which financial inequality has become a time bomb that is destined to detonate the global economy.
What happens when a central bank loses control over the monetary system We don't have to guess that the Great Depression of the 1930s told us all we need to know about what would happen in the event of a financial collapse. The problem is, few people know that we are really close to repeating this history. All warning signs are therefactors such as asset bubbles, explosive debt, social inequality and political tensions are gradually rising in the United States. However, so far, we have tried to look at our potential dangers in ways that would not be as light as bee.
In 2008, after the global economy experienced the real estate subprime mortgage crisis, the value of global assets evaporated by nearly 10 trillion. In response, the Fed mulated quantitative easing and added 3.5 trillion in balance sheet over the next seven years. In March 2020, we experienced another crisis, with the Fed adding another 3.5 trillion to their balance sheet, but this time they did it in 7 weeks
Although it is not easy us to see the imminent reality of economic collapse, such esight is of paramount importance. This book reveals the repeated history of currency stories, while understanding how to deal with the coming collapse, recession and depression. No matter what we do, there are problems with this system. The dollar is in trouble. The Federal Reserve is in trouble. So, what is likely to happen next will be the moment we witness history. This book will be the most timely reference book ordinary investors around the world and readers who care about financial policies.