Customer Reviews

How You Can Profit From the Coming Price Controls

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I found this book at the Salvation Army. It was a great find. I'm into this book just a few chapters but so far Mr North is connecting with me as if this book was published last month. The deeply troubling economic trends he writes of in 1980 have trended into the present. In this book's case, anyone who reads it will recognize that time has only ripened the words within. Don't think for a second this volumn is out of date. It's one of the most informative books on current economic conditions I've come across and I've become a collector. He dedicates this volumn to Hans Sennholz, author of another well researched book on the coming inflation. These books complement each other. North and Sennholz are of the Mises or Austrian School of economics. If you're not familiar with von Mises you owe it to yourself to go to [...] and do some reading. This book being reviewed is a very good place to start to begin your grasp of the consuming damage of taxes, central planning, and especially fiat currecny. You'll see that Mr North was correct being very concerned with the economy in 1980. DO NOT count on getting the truth from a government that assuages you while printing more mountains of fiat money to cure our debt crisis.

This small blue volume by Gary North is packed with hints for someone who thinks that the world is not going out with a bang, but with a long slow whimper. In the USA, we are already seeing our wages buy less and less of the low-quality junk that our former-employer corporations now import from the lowest-cost slave labor countries. Gary's commentary on how 1922 German inflation with uncontrolled goods-pricing compares to 2009 inflation in the USA is genius.

I don't much appreciate Biblical doom scenarios, nor the average apocalypse forecast, but if you follow the data published by the St. Louis Federal Reserve Bank (Bank of the United States, v.3), John Williams shadowstats.com, or the difference between a gold coin at a dealer and some "virtual gold" on the commodities market, you will begin to appreciate the hints and tips Mr. North put in his 1980 book.

Remember that the 1981-1983 recession was the sharpest downturn since 1930, and that's what it took to stop the inflation of the 1970's. We had a strong industrial economy then to fall back on, but we got nuthin' like that now.

Prioritize your spending, and save like mad. Dumpster dive. A second or third job might be helpful. Trade down to the smallest house that you can barely live in. 300 square feet per person of your own house is better than any apartment. Wadda you need with a big house if you work at jobs alla time?

The great thing about this book is how cheap it is. Buy several.

Cheers.