About this item
Highlights
- #1 Business Bestseller (Wall Street Journal, Amazon, USA Today) The Great Devaluation may be one of the most timely books ever written on the state of the global economy.
- About the Author: ADAM BARATTA is one of the most dynamic voices in the field of investments and precious metals today.
- 272 Pages
- Business + Money Management, Finance
Description
About the Book
"The Great Devaluation is about the imminent and future failure of the global monetary system. Governments around the world have undertaken massive stimulus programs and printed trillions of new dollars in an effort to stimulate their sagging economies. Central Banks have manipulated their balance sheets, lowered interest rates to 0%, and dramatically expanded the global money supply. The world has never witnessed such a dramatic one-two punch of central bank monetary, and government fiscal stimulus, all at once. These policies will lead to a universal currency devaluation and end in an inflationary spiral that will fuel the greatest transfer of wealth in human history. In this groundbreaking book, national bestselling author Adam Baratta unveils the dark truth about the Federal Reserve, their suppression of gold, and why every American investor needs to understand how this will impact their quality of life. The Great Devaluation is about the imminent and future failure of the global monetary system. It covers the history of The Federal Reserve, how it was formed, why it was formed, and the secretive nature of the independent institution. The book also highlights how going off of the gold standard has facilitated the long-term devaluation of the US Dollar and has made the institution the most powerful in the world"--Book Synopsis
#1 Business Bestseller (Wall Street Journal, Amazon, USA Today)
The Great Devaluation may be one of the most timely books ever written on the state of the global economy. Baratta sums it up simply enough with the following idea:
"What seems crazy in normal times becomes necessary in a crisis."
The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up.
Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow-up to his national bestseller, Gold Is A Better Way. You'll learn how and why Federal Reserve polices have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to blow up the global economy.
From the Back Cover
What seems crazy in normal times becomes necessary in a crisis
In 2008, the world economy suffered through the Housing Crisis which wiped out nearly $10 trillion in global asset value. In response, the Federal Reserve created Quantitative Easing, and added $3.5 trillion to their balance sheet over the next seven years. In March of 2020, we had a crisis and the Federal Reserve added another $3.5 trillion to their balance sheet, only this time they did it in a matter of seven weeks!
The real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up.
Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow up to his national bestseller, Gold Is A Better Way. You'll learn how and why Federal Reserve policies have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to explode the global economy.
About the Author
ADAM BARATTA is one of the most dynamic voices in the field of investments and precious metals today. A former award-winning screenwriter, director, and producer, Baratta has turned his passion towards the investment industry and the pendulum shift he sees coming as inflationary pressures return to the global economy. He is the co-owner of Advantage Gold, the highest rated precious metals firm in the United States, a member of the Inc. 5000., and bestselling author of Gold Is A Better Way. He is happily married and lives with his wife and daughter in Los Angeles.