Publisher's Synopsis
A devastatingly incisive look at the devaluation of the American dollar and how it impacts you
In the newly revised third edition of Demise of the Dollar: From the Bailouts to the Pandemic and Beyond, New York Times and international bestselling author Addison Wiggin delivers yet another timely and insightful account of the devaluation of the American dollar. Fully updated to consider the events of the last ten years-including the COVID-19 pandemic-the book contains nuanced discussions of historic inflation, interest rates and the Federal Reserve, the impact the Euro has had since its introduction, the rise of China prior to the pandemic, cryptocurrencies and the United States' consumer debt addiction. It also demonstrates how all these factors, and more, are affected by the American dollar's role as the world's "reserve currency".
You'll learn what a weakened American dollar means for your portfolio and how you can best arrange your finances to protect against global macroeconomic risks. You'll find:
- Strategies for making your portfolio more resilient against economic shocks, downturns, and crises
- Explorations of what increasing levels of US consumer debt mean for your investments, and for the world's largest economics
- Examinations of how foreign countries have come to control the economic fate of the United States via the issuance of debt
A fascinating account of one of the most important trends in American economics in the last hundred years, Demise of the Dollar offers incisive observations about the factors driving the world's contemporary economies and specific and strategic guidance on how to structure your portfolio to survive, and even thrive, in a new financial environment.
