Book Review: The Coming Collapse Of The Dollar And How To Profit From It
Bruce Collins
February 15, 2006
Doom and gloom books, alongside self help, are the lifeblood of the publishing world.
However, once in a while, a book comes along that presents such a lucid argument as it’s thesis that it forces the reader to ponder. Such is the compelling work,” The Coming Collapse Of The Dollar And How To Profit From It”.
Co-authors James Turk and John Rubino have mapped out a very plausible scenario of the future of the U.S. dollar. Time seems to be on their side.
While Turk's expertise lies in his knowledge of gold (having founded goldmoney.com), Rubino's legacy will be his knack for discovering financial trends. Consider his book "How To Profit From the Coming Real Estate Bust" which was written before the term 'housing bubble' was uttered frequently from the lips of CNBC pundits or even the Maestro, Alan Greenspan, himself.
If they are accurate, we are in for a very bumpy ride. Those who are not able to see what is coming will be in for extremely difficult times.
The Coming Collapse Of The Dollar' starts out as somewhat of a history book on the role of money in great civilizations of the past. It's interesting because we, as societies, seem to make the same mistakes that we always make with the same predictable results.
The authors then explain the perilous conditions which presently exist in the United States, such as massive account deficits, trade deficits, consumer debt, and a Federal Reserve that is only too willing to feed the liquidity beast.
As the book argues, ever since we have been off of the gold standard, we have had a series of booms and busts. Those are not the figment of imagination but are categorically and undeniably real. Many speculators have been burned and their fortunes cast away because of this.
The differences between owning gold, gold stocks and gold based digital currencies are also explained as well as a good overview of other hard assets.
Finally, and most importantly, Turk and Rubino show you the ways to not only keep your 'head above water' during the coming financial storm but also how to prosper.
They prove convincingly that gold is not a flash in the (miner's) pan. It is a solid investment for a long time to come.
Looking back, this may be the single most important financial book you will read in your lifetime.
For more information on the book, you can visit www.dollarcollapse.com.
However, once in a while, a book comes along that presents such a lucid argument as it’s thesis that it forces the reader to ponder. Such is the compelling work,” The Coming Collapse Of The Dollar And How To Profit From It”.
Co-authors James Turk and John Rubino have mapped out a very plausible scenario of the future of the U.S. dollar. Time seems to be on their side.
While Turk's expertise lies in his knowledge of gold (having founded goldmoney.com), Rubino's legacy will be his knack for discovering financial trends. Consider his book "How To Profit From the Coming Real Estate Bust" which was written before the term 'housing bubble' was uttered frequently from the lips of CNBC pundits or even the Maestro, Alan Greenspan, himself.
If they are accurate, we are in for a very bumpy ride. Those who are not able to see what is coming will be in for extremely difficult times.
The Coming Collapse Of The Dollar' starts out as somewhat of a history book on the role of money in great civilizations of the past. It's interesting because we, as societies, seem to make the same mistakes that we always make with the same predictable results.
The authors then explain the perilous conditions which presently exist in the United States, such as massive account deficits, trade deficits, consumer debt, and a Federal Reserve that is only too willing to feed the liquidity beast.
As the book argues, ever since we have been off of the gold standard, we have had a series of booms and busts. Those are not the figment of imagination but are categorically and undeniably real. Many speculators have been burned and their fortunes cast away because of this.
The differences between owning gold, gold stocks and gold based digital currencies are also explained as well as a good overview of other hard assets.
Finally, and most importantly, Turk and Rubino show you the ways to not only keep your 'head above water' during the coming financial storm but also how to prosper.
They prove convincingly that gold is not a flash in the (miner's) pan. It is a solid investment for a long time to come.
Looking back, this may be the single most important financial book you will read in your lifetime.
For more information on the book, you can visit www.dollarcollapse.com.
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