The fall of the dollar

Author: Andrew Vincent (USA)
Publisher:
Publish Date: 2006-08-01
Features: No. 1 on the bestseller lists of The New York Times, Amazon, and other book retailers; one of the Top 10 Readers' Favorite Books of 2005 by Amazon. Listen to the dollar tell its past, present, and future. Is the depreciation of the dollar against the RMB and the euro a conspiracy? If the RMB appreciates by 30%, will China become the world's third-largest economy? How high will the prices of global resources like oil, rubber, copper, and gold go? What kind of assets should we hold to stay safe? Real estate? Gold? A-shares? H-shares? When the dollar declines, who will become the new global economic giant? Borrowed money is earned money? Why don’t they tighten their belts? Who will bear the burden of the external debt owed by the U.S. government and its citizens? Is the U.S. Federal Reserve the mastermind behind the dollar’s collapse?
Author Andrew Vincent, writing from the perspective of an American civilian economic observer, has crafted a history of the dollar in plain and accessible language. He provides a profound analysis of the problems in the U.S. government’s direction, economic development, and especially monetary policy, given the current devaluation of the dollar. This book offers an excellent perspective on the U.S. Federal Reserve’s attempts to “manage” the dollar’s value. Although the book is filled with dissatisfaction toward the U.S. government and the Federal Reserve’s current monetary policy, the author still presents insightful critiques of the impact of the dollar’s depreciation on the global economy and personal investments. At the same time, he uses a rational approach to introduce a series of investment strategies that can take advantage of the dollar’s depreciation.
This book will tell us how to double or even more than double the value of our investments in the coming months, but more importantly, how to protect our savings and hard-earned assets from being stolen by “economic thieves.” The book also provides a thorough analysis of China’s economy and the future of the RMB, which undoubtedly holds great value for Chinese readers in terms of reference and inspiration.
(Note: The original text contains repeated sections that have been consolidated here for clarity.)