The Demise of the Dollar...: And Why It's Even Better for by Addison Wiggin

By Addison Wiggin

Simply if you happen to suggestion the buck couldn’t sink from now on, it keeps on a downward spiral. And now, with this absolutely revised and up-to-date variation of The loss of life of the buck, Addison Wiggin returns to bare the various methods you could capitalize in this chance. settling on up the place the bestselling unique variation left off, this attractive e-book examines the numerous purposes in the back of the dollar’s ongoing decline and gives you with the knowledge had to financially continue to exist and thrive through the years forward.

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

Sample text

It’s important, though, to make a distinction here. Under our present system, our purchasing power is based exclusively on borrowed money. Under a system of competitive trade and a higher dollar, our purchasing power would be based on real economic forces, and not on good credit alone. S. dollar will eventually lead to an economic crisis in both the United States and Asia, because the central banks accommodate each other’s credit and spending excesses. So we have to change the system so that competitive forces can work and replace currency intervention as international policy.

But keep in mind what I said earlier about surges. They imply that things are improving. indd 28 3/4/08 8:18:18 PM Fictitious Capitalism and the iPod Economy 29 or at least keeping pace. The claim is contradicted by the numbers. The United States is going through an employment shift away from high-paying manufacturing jobs into low-paying jobs, in sectors like health services and retail. If you want to make the hair on your head stand on end, check out the numbers from a recent survey by the Center on Budget and Policy Priorities, which studied data from the Commerce Department going back to 1929.

Putting it another way, how is the news spun by the media? ”1 What was even more interesting in that story was a table titled “A Jobless Recovery? ” Obviously, the author wanted to convey the message that the dismal employment picture was offset by good news elsewhere in the economy. S. economy is in a wrenching crisis. Today a more timely news headline is “Making Less Than Dad,” published on May 25, 2007, on CNN. The production side with high-paying jobs is disappearing, while the consumption side with low-paying jobs is booming.

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