The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now
by Addison Wiggin, Samantha Buker
Introduction
What If the Power of Money Were in Your Hands?
Sounding the Alarm about the U.S. Dollar
If you picked up this book, you realize the dollar isn’t worth what it used to be. It’s not just your Great Depression–era relatives saying it. If we go back just to the 1970s (when I was but a humble toddler), the dollar was worth a lot more.
What happened? Well, that’s what this Little Book will tell you, with plenty of ways you can save the value of what you earn, and even profit, from the upheaval that dollar decline promises ahead.
Why am I so sure of the ultimate fate of the U.S. dollar? One simple fact: It’s just paper.
Every paper currency in the history of civilization has eventually lost its entire value.
That’s not to say that there won’t be many stops along the way, pauses where the dollar rises against major currencies. However, today’s situation is more urgent than ever because a paper currency that doesn’t pay its holders a positive real interest rate tends to lose value at an accelerating rate. That describes the U.S. dollar (and most other currencies today).
The velocity of dollar-shrinkage has all the hallmarks of going into hyperdrive, but we won’t know for sure the hour or the time. We don’t know who will be in the White House when it happens, or who will be the Fed Reserve chair. But when the powers that be kick the final legs out from the stool propping up the dollar, the crash will be rapid.
That’s why I’m writing this book, to prepare you for whatever lies ...
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