How you can Profit from the coming devaluation [Hardcover]

Harry Browne (Author)

Book Description

Publication Date: 1970

Now, we are facing a far greater crisis. The shift from gold and silver coins to paper money caused great concern to economists such as Harry Browne, but now today even the paper money has no value. Nowadays, the world's financial system is carried on Internet websites!!! Trillions of dollars flow back and forth every day through the world's financial markets. If the World Wide Web crashes, there is nothing to back it up. Today, the governments of the world are just creating ever increasing deficits. They are spending like there is no tomorrow. They are just bailing each other out. How much longer can this continue? The "mother" of all financial collapses is upon us NOW. That is why this book is needed more than ever NOW. The world's economy is being run as a giant Ponzi scheme. Governments are bailing out banks and then bailing out each other. The country of Greece was on the verge of collapse until the Government of the United States sent over billions of dollars to Greece to bail it out. Of course, the United States Government did not send real money to Greece. It just made an electronic transfer of funds. The Government of the United States is also bailing out several states of the United States. Who will bail out the United States of America when it collapses, as it must, because of the deficit spending that keeps increasing? The Collapse MUST come. It is inevitable. Our fondest hope has to be that it does not come during our lifetimes, so that only our children and grandchildren will suffer because of it. That is the reason why we need to read and re-read "How You Can Profit from the Coming Devaluation".

Editorial Reviews

About the Author

Harry Browne (June 17, 1933 – March 1, 2006) was an American libertarian writer, politician, and free-market investment analyst. He ran for President of the United States as the nominee of the Libertarian Party in 1996 and 2000. He received 485,798 votes or 0.5% of the vote in 1996 and 384,516 votes or 0.4% of the vote in 2000. He was noted for his refusal to accept matching funds even though he qualified for them.

Product Details

• Hardcover: 189 pages
• Publisher: Arlington House; 1ST edition (1970)
• Language: English
• ISBN-10: 087000073X
• ISBN-13: 978-0870000737
• Product Dimensions: 8.9 x 6.1 x 1 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 4.9 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #118,600 in Books (See Top 100 in Books)
  • #60 in Books > Business & Investing > Management & Leadership > Planning & Forecasting

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Customer Reviews

Most Helpful Customer Reviews

19 of 20 people found the following review helpful:

5.0 out of 5 stars Out of print, but worth buying used, August 24, 2002

By A Customer

Amazon Verified Purchase

This review is from: How you can Profit from the coming devaluation (Hardcover)

Doing very well as an investor doesn't take much intelligence, just a lot of patience and a willingness to ignore fads. At the time Browne's book was first published, gold and silver were laughingstock as investments, and so was anyone who bought them. Thirty years later, we're right back to an instant replay of the Seventies. A long war, government printing money with abandon, stocks taking a beating but equity cheerleaders assuring us we won't have a ten- or fifteen-year bear market again. Browne's book is well-written, but you can save youself the money nowadays by just entering the words 'gold bull market' in your favorite Internet search engine. Paper assets go out of fashion every twenty-five to thirty years, and when they do, gold and silver do spectacularly well. That, in a nutshell, is how to profit from the coming devaluation of the U.S. dollar; sell your dollars for gold and silver, then sit tight and wait. Don't bother telling anyone, you'll just be ridiculed first and reviled later. Just like those who cleaned up by following Browne's counterculture advice when this book was on the bestseller lists in the Disco era.

21 of 23 people found the following review helpful:

5.0 out of 5 stars So you think you understand what inflation is, November 3, 2001

By 

lanoitan (United States) - See all my reviews

This review is from: How you can Profit from the coming devaluation (Hardcover)

I've been a good student, good in Math, the sciences, including economics, and other academic subjects. Heck, I'm even a member of Mensa. But though I didn't realize it before, it wasn't until I read this book that I really began to understand what inflation and deflation were. Somewhere in this book he says, "The government is the counterfeiter". I had to think and think for a while about what Harry Browne wrote in this book before I really - I mean REALLY - began to understand what inflation is (and I'm supposed to be intelligent). It's one of those things - you don't know that you don't understand, until you do understand. It's like those weird 3D pictures, you don't see them until you see them, and then WOW! That's what this book did for me. The book may be dated, but the lessons are eternal.

13 of 13 people found the following review helpful:

5.0 out of 5 stars An economics primer, February 19, 2000

By 

BILL (Kansas City , Missouri USA) - See all my reviews

This review is from: How you can Profit from the coming devaluation (Hardcover)

I read this book many years ago and still its lessons often come to mind . A very readable and understandable explanation of what money is and how the government uses the banks to fool us into thinking that money is made of paper.