The Demise of the Dollar...And Why It's Even Better for Your Investments (Agora Series)

The Demise of the Dollar...And Why It's Even Better for Your Investments (Agora Series) | Addison Wiggin | Simple explanations of complex issues

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The Demise of the ...

	The Demise of the Dollar...And Why It's Even Better for Your Investments (Agora Series) Addison Wiggin Wiley, 2008 - 197 pages average customer review:based on 2 reviews view larger image
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As the dollar continues to weaken throughout the world, it has become clear that the impact is going to be significant as well as far reaching. This book explores the number of reasons for the dollar's current state, including the prior structural flaws of the dollar, the growing trade deficit, the Euro and other international factors. It also discusses the results of the dollar's fall and how it will impact economies worldwide. Continuing where The Demise of the Dollar left off, it explores the dollar's increasingly sharp decline over the past few years and provides readers with updated suggestions for protecting their portfolios.

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New and improved

I read the first edition in early 2006, and it's a little breathtaking how many of its big-picture prognostications have come to pass -- especially the collapse of the housing market and the dramatically shrinking purchasing power of the bills in our wallets. Now, as the dollar tanks to record lows relative to other currencies, and we're reaping the whirlwind of endless money and credit creation by the Federal Reserve, this new (and considerably updated) edition examines where we go from here.

If anything, the historical examples cited ring even more true with the passage of the last two years. And while the outlook going forward is bleak, it is absolutely not hopeless. For anyone who suspects this might be another "goldbug" head-for-the-hills sort of book, rest assured it's not. It concludes with a host of sensible suggestions that, yes, include gold, but also a number of other hedges against a falling dollar that are worth considering as your cash buys less and less every day.

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Simple explanations of complex issues

I love the author's ability to explain complex topics in simple ways. The formula he gives for calculating GDP made a number of light bulbs go off in my mind as I truly understood the concept for the first time. This is not to say that I couldn't "explain or calculate GDP" before; it's just that this author's explanation made it so simple that true comprehension was achieved.

The catchy chapter titles and writing style make the book an enjoyable read even though the topic is heavy. While the book starts by painting a gloomy picture and then paints over this gloomy picture with fact after fact that are even more gloomy, he does not leave you there. There is some hope provided in the closing chapters of the book and, in reality, even the gloomy chapters give hope if one considers NOT living and doing the way those chapters describ our lives.

Excellent book to help you understand economics a little better and your economics specifically.

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