Top positive review
89 people found this helpful
Follow my 3.7 rule and you'll likely do just fine
on December 7, 2010
This is the best book I've thus far encountered concerning this particular subject, and there have been quite a few. (See my earlier reviews of books dealing with the history of gold; the current state of economic affairs in the United States and around the globe, its implications for the years to come, and how to survive the coming collapse of the U.S. dollar.) That isn't to say that the earlier books weren't enlightening and informative. They were, and most were excellent. But, from a concerned citizen's point of view, this book is vastly superior. I find it to be so original, so thorough, so current, and so well timed, in fact, that I have a hard time imaging a better one; nor can I even conceive of what another book's author might add to the subject.
Why is it so much better? For one simple reason: All the other books seemed to tell only part of a larger story. Some, for example, and depending on the author's theme, presented an in-depth history of gold and its stabilizing force in a monetary system. Others discussed how demographics and government actions influence and create inflation and other economic problems; described the workings of the Federal Reserve (Fed) and the International Monetary Fund (IMF); detailed the events leading up to the current economic crises now threatening the global economy; and even illustrated the trials and tribulations to be expected from inflation/hyperinflation, deflation, and depression. But when it came to informing their readers as to "specifically" what to do, when to do it, and why, in order to protect themselves and prosper during the coming years, they tended to theorize a bit and generalize. In short: They lacked specifics. This, of course, is understandable but not very helpful.
This book goes beyond that. It not only tells its readers what is likely to happen in the future, but clearly shows why it will happen; when it is likely to happen; how you can know it is happening, or about to happen; and, based on the then-prevailing events, what you should do, why and how. The author also offers specific advice not only as to when to get into a particular investment but also how to recognize when it is time to get out; and he does this for a multitude of markets: including the U.S. stock market and the markets for commodities such as gold, oil, natural gas, corn, and wheat, etc., as well as for various first world and emerging nations such as China, India, Canada, Australia, Chile, and Brazil, among others. And his recommendations are timely, specific, well founded, and also appear to be easily implemented by the average person, making them even more valuable..
A study, done some years ago revealed that the average American reads only 3.7 books a year. So, if you are the average reader, but are interested and concerned: I'd suggest you forsake the other 2.7 books and read this one 3.7 times a year, or until its contents are fully absorbed and you can readily keep them in mind as days go by. As I see it, this will give you great peace of mind, and if you act on this new-found knowledge you'll likely live well and prosper in the years to come. Great book! Too bad we're limited to only five stars.