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Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It by Elizabeth Ames, Steve Forbes

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CHAPTER 7

Surviving in the MeantimeProtecting Your Assets from Unstable Money

      Sell them and you’ll be sorry,

      Buy them and you’ll regret,

      Hold them and you’ll worry,

      Do nothing and you’ll fret.

—OLD WALL STREET SAYING QUOTED IN Investing in One Lesson BY MARK SKOUSEN

BY THIS TIME, YOU’RE PROBABLY WONDERING WHAT NOW? As you read this book, the value of your wealth is eroding. If you had $100,000 in cash in 2000 and did absolutely nothing, it would have been worth only around $74,000 in 2013. That’s right, the value of your money would have declined by about 26%. And that is with the last decade’s supposedly low rates of inflation.

We believe that the economic and social consequences of the continuing destruction of the dollar ...

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