The must-have guide on how to protect yourself during the coming age of hyperinflation The Petersen/Pew Commission on Budget Reform recently warned that the national debt was expected to grow from 40 percent of the gross domestic product (GDP) in 2009 to 85 percent in 8 years, 100 percent in 12 years, and 200 percent by 2038. In other words, in just a few years the U.S. will owe twice as much as it produces. Since no conceivable level of taxes and borrowing will enable the country to service such an enormous debt, it is inevitable that government will turn to the same tricks its antecedents…mehr
The must-have guide on how to protect yourself during the coming age of hyperinflation The Petersen/Pew Commission on Budget Reform recently warned that the national debt was expected to grow from 40 percent of the gross domestic product (GDP) in 2009 to 85 percent in 8 years, 100 percent in 12 years, and 200 percent by 2038. In other words, in just a few years the U.S. will owe twice as much as it produces. Since no conceivable level of taxes and borrowing will enable the country to service such an enormous debt, it is inevitable that government will turn to the same tricks its antecedents have been playing since Ancient Rome: debasing the dollar and letting inflation run rampant. Inflation-Proof Your Portfolio: Protect Your Money from the Coming Government Hyperinflation is your guide to understanding the debt crisis and rising inflation, packed with the key tools you need to protect yourself from the fallout.
- Neither an economic treatise nor a collection of specific investment advice, the book is intended as a resource to help empower citizens to take action to protect their money from the coming government-induced hyperinflation
- Essential reading for individual investors and general business readers alike who want to keep their money safe when inflation sets in
- A runaway self-publishing hit, this new edition is fully revised and updated
- Get the information you need to formulate your own plan of action to protect your investments
The U.S. dollar is almost certain to have a sustained run of extremely high inflation over the next decade because of continued huge government deficits and unfunded liabilities, and this book is the resource you need to be ready.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
DAVID VODA is a writer, businessman, and investor currently living in Boulder, Colorado. He has written on business topics for the Los Angeles Times and the New York Times, was a realtor in Palm Springs, California, and buys and sells real estate for his own account. He was a principal in Yes Yes Productions, which produced the award-winning feature, The Secretary. Most recently, he was producer of PJTV's business and economics show, Front Page.
Inhaltsangabe
Preface xiii What This Book Is (and Isn't) About xiv Time to Take Action xvi Chapter 1 The Dollar's Shrinking Value 1 Why Governments Love Inflation 1 "It Can't Happen Here"- or Can It? 2 How Low Can It Go? 3 What You Don't Notice Won't Upset You 4 Infl ation Is Already Picking Up Steam 6 A Hope Is Not a Plan 7 Principle 1 Exchange Dollars for Real Things Chapter 2 Life in the Gold Rush? 13 Gold: Traditional Haven for Nervous Investors 13 Caution: You Are Late to the Gold Party 14 Beware Investors Fleeing Gold 15 Why to Buy Some Gold Anyway 15 Buying Gold Now 17 Gold Supply and Demand 17 How High Will Gold Go? 17 The Easy Way to Buy Gold 20 Downsides of Exchange-Traded Funds 21 Warning: Exchange-Traded Notes = Added Risks 21 Why You Should Have Some Physical Gold 22 What Coins to Have on Hand 23 Why to Avoid Bullion 23 How to Buy Mining Stocks (If You Must) 24 Silver-the Other White Meat 24 Why Silver Is Undervalued 25 The Pros and Cons of Holding Silver Coins and Bullion 26 Learning to Like "Junk" 26 Another Way to Profi t from Silver 27 Key Points 27 Chapter 3 Real Estate: Home Is Where the Hedge Is 29 Why You Should Own Your Home 29 Is Now the Time to Make Your Housing Move? 31 When Renting Makes More Sense 31 How to Invest in Apartment Buildings 33 How to Steer Clear of Passive Income Losses 34 How to Protect Your Real Estate Equity against Falling Prices 35 Invest in U.S. Farmland 36 Risks of Farmland Investing 36 Key Points 37 Chapter 4 Dollar Down = Oil Up 39 Why You Need to Invest in Black Gold 39 Why Proved Reserve Figures Are Unreliable 40 Is the World Running Out of Oil? 41 Will Abiotic Oil Avert a Hubbert Curve Peak? 42 Political and Environmental Pressures Are Pushing Oil Prices Up 43 Shale Gas-Energy Bright Spot? 44 The World's Biggest Oil Companies and Their Ticker Symbols 44 The Easy Way to Own Oil 45 How to Profi t from the Oil Supply Chain 45 Should I Invest in Oil Drilling? 46 Canadian Royalty Trusts: Good Investments No Longer 47 Key Points 47 Chapter 5 From Diamonds to Trees: Alternative Assets 49 Another Precious Metal-Platinum 49 Why You Should Stay Away from Palladium 50 What about Stamps? 51 The Danger of Diamonds 52 Art: Love It or Leave It 53 How to Get Money to Grow on Trees 53 Profi t Opportunity: People Have to Eat 57 The Copper Shortfall 58 Key Points 60 Principle 2 Future Money Is Cheap Money Chapter 6 Beat the Banks at Their Own Game 63 Why Fixed-Rate Mortgages Are Your Friend 63 Cut Your Mortgage in Half 64 Don't Get Locked into HELOCs 65 Buy Big Houses and Lease Used Cars 65 If Your House Is in Foreclosure 66 FDIC "Insurance" May Be Hazardous to Your Wealth 68 Why Your Financial Accounts May Not Be Safe: Bank "Holidays" 68 Save Your Pennies 70 Key Points 71 Chapter 7 Dueling with the Devil: Credit Cards and Student Loans 73 Why Credit Cards Aren't Worth the Plastic They're Printed On 73 Don't Expect the New Law to Save You 74 How to Outwit the Credit Card Companies 75 How to Be a Bad Credit Card Customer 76 Goose Your Contracts with a Gold Clause 76 How to Use Infl ation to Discount Your Student Loans 77 Beware of Prepaid Tuition Guarantees 79 Key Points 81 Principle 3 Diversify Out of Dollars Chapter 8 Fleeing the Dollar: Foreign Currencies 85 The Dollar: From House of Bricks to House of Straw 85 The Dollar Near-Term: Temporary Upswing 87 Foreign Currencies: Risks and Rewards 88 Which Currencies Should I Invest In? 89 The Chinese Yuan Is Going Up-for Now 89 Beware: China Has Its Own Stimulus Problems 91 The Euro: Slow-Motion Meltdown 92 One Way to Invest in Foreign Currencies: ETFs 96 How to Invest in Foreign Bonds 96 Low-Debt Countries = Good Bond Bets 98 Gold Private Currency 100 Become a Foreign Farmer 101 Key Points 103 Chapter 9 Manage Your Government-Regulated Accounts 105 The Threat to Your IRA Wealth 105 Two Mutual Funds You Can Buy to Hedge against Inflation 106 U.S. Treasury Bonds: "Certifi cates of Guaranteed Confiscation" 106 Twisting in the Wind 107 TIPS: Inflation Protection or Inflation Fraud? 108 Why You Can't Trust Government Inflation Statistics 109 What to Hold in Your IRA 110 Start a Self-Directed IRA 111 Convert to a Roth IRA? 111 When Not to Convert to a Roth IRA 113 Key Points 113 Principle 4 Prepare for the Worst, but Expect the Best Chapter 10 Why Your Taxes Are Going Sky High 117 The Numbers Speak for Themselves: Someone Has to Pay 117 Say Goodbye to Bush Tax Cuts 118 Defi cit Lip Service: How to Fool Some of the People Some of the Time 119 The Greek Road to Ruin 119 "New" Defi cit Reduction Strategy: Taxes 122 Coming Soon to Your Pocketbook: The Alternative Minimum Tax 122 Loophole: How to Turn a $700,000 Tax Bill into $10 Million Tax-Free Gift 123 How to Tax a Trillion Dollars 124 Your New Health Care Plan: Financed by Deception 124 Baby Boom Legacy: Spiraling Entitlement Costs 125 The Next Money-Grab: Value-Added Tax 126 Tax Fig Leaf: Erroneous Economic Models 127 Ouch! Economic Medicine That Works 129 Why the United States Will Never Be the Same Again 130 Key Points 131 Chapter 11 Look for the Warning Signs 133 The Warning Signs of an Imminent Currency Collapse 133 Is the U.S. Government Secretly Engineering a Weak Dollar? 136 How to Be a Billionaire-Zimbabwe-Style 138 Is the United States the Next Greece? 139 Got Gold? 140 Wage and Price Controls 140 The Lesson of the Russian Grandmothers 142 Key Points 143 Chapter 12 Looking Up While Hunkering Down 145 Speak Out 145 Another Way to Multiply Your Voice 146 Develop a Necessary Skill 146 Start an Export Business 147 Prepare a "Stay Bag" 148 Tangibles to Keep at Home 151 Whisky and Pot: Your Depression Friends 152 The Health Care Bomb: Better Have That Surgery Now 153 Consider a Move to the Country 154 Buy a Generator 155 Go off the Grid 156 How to Avoid Snoopers 157 Maintaining Your Privacy in a Facebook World 158 Key Points 159 Conclusion How to Sleep at Night, Whatever Happens to the Economy 161 Notes 163 About the Author 189 Index 191
Preface xiii What This Book Is (and Isn't) About xiv Time to Take Action xvi Chapter 1 The Dollar's Shrinking Value 1 Why Governments Love Inflation 1 "It Can't Happen Here"- or Can It? 2 How Low Can It Go? 3 What You Don't Notice Won't Upset You 4 Infl ation Is Already Picking Up Steam 6 A Hope Is Not a Plan 7 Principle 1 Exchange Dollars for Real Things Chapter 2 Life in the Gold Rush? 13 Gold: Traditional Haven for Nervous Investors 13 Caution: You Are Late to the Gold Party 14 Beware Investors Fleeing Gold 15 Why to Buy Some Gold Anyway 15 Buying Gold Now 17 Gold Supply and Demand 17 How High Will Gold Go? 17 The Easy Way to Buy Gold 20 Downsides of Exchange-Traded Funds 21 Warning: Exchange-Traded Notes = Added Risks 21 Why You Should Have Some Physical Gold 22 What Coins to Have on Hand 23 Why to Avoid Bullion 23 How to Buy Mining Stocks (If You Must) 24 Silver-the Other White Meat 24 Why Silver Is Undervalued 25 The Pros and Cons of Holding Silver Coins and Bullion 26 Learning to Like "Junk" 26 Another Way to Profi t from Silver 27 Key Points 27 Chapter 3 Real Estate: Home Is Where the Hedge Is 29 Why You Should Own Your Home 29 Is Now the Time to Make Your Housing Move? 31 When Renting Makes More Sense 31 How to Invest in Apartment Buildings 33 How to Steer Clear of Passive Income Losses 34 How to Protect Your Real Estate Equity against Falling Prices 35 Invest in U.S. Farmland 36 Risks of Farmland Investing 36 Key Points 37 Chapter 4 Dollar Down = Oil Up 39 Why You Need to Invest in Black Gold 39 Why Proved Reserve Figures Are Unreliable 40 Is the World Running Out of Oil? 41 Will Abiotic Oil Avert a Hubbert Curve Peak? 42 Political and Environmental Pressures Are Pushing Oil Prices Up 43 Shale Gas-Energy Bright Spot? 44 The World's Biggest Oil Companies and Their Ticker Symbols 44 The Easy Way to Own Oil 45 How to Profi t from the Oil Supply Chain 45 Should I Invest in Oil Drilling? 46 Canadian Royalty Trusts: Good Investments No Longer 47 Key Points 47 Chapter 5 From Diamonds to Trees: Alternative Assets 49 Another Precious Metal-Platinum 49 Why You Should Stay Away from Palladium 50 What about Stamps? 51 The Danger of Diamonds 52 Art: Love It or Leave It 53 How to Get Money to Grow on Trees 53 Profi t Opportunity: People Have to Eat 57 The Copper Shortfall 58 Key Points 60 Principle 2 Future Money Is Cheap Money Chapter 6 Beat the Banks at Their Own Game 63 Why Fixed-Rate Mortgages Are Your Friend 63 Cut Your Mortgage in Half 64 Don't Get Locked into HELOCs 65 Buy Big Houses and Lease Used Cars 65 If Your House Is in Foreclosure 66 FDIC "Insurance" May Be Hazardous to Your Wealth 68 Why Your Financial Accounts May Not Be Safe: Bank "Holidays" 68 Save Your Pennies 70 Key Points 71 Chapter 7 Dueling with the Devil: Credit Cards and Student Loans 73 Why Credit Cards Aren't Worth the Plastic They're Printed On 73 Don't Expect the New Law to Save You 74 How to Outwit the Credit Card Companies 75 How to Be a Bad Credit Card Customer 76 Goose Your Contracts with a Gold Clause 76 How to Use Infl ation to Discount Your Student Loans 77 Beware of Prepaid Tuition Guarantees 79 Key Points 81 Principle 3 Diversify Out of Dollars Chapter 8 Fleeing the Dollar: Foreign Currencies 85 The Dollar: From House of Bricks to House of Straw 85 The Dollar Near-Term: Temporary Upswing 87 Foreign Currencies: Risks and Rewards 88 Which Currencies Should I Invest In? 89 The Chinese Yuan Is Going Up-for Now 89 Beware: China Has Its Own Stimulus Problems 91 The Euro: Slow-Motion Meltdown 92 One Way to Invest in Foreign Currencies: ETFs 96 How to Invest in Foreign Bonds 96 Low-Debt Countries = Good Bond Bets 98 Gold Private Currency 100 Become a Foreign Farmer 101 Key Points 103 Chapter 9 Manage Your Government-Regulated Accounts 105 The Threat to Your IRA Wealth 105 Two Mutual Funds You Can Buy to Hedge against Inflation 106 U.S. Treasury Bonds: "Certifi cates of Guaranteed Confiscation" 106 Twisting in the Wind 107 TIPS: Inflation Protection or Inflation Fraud? 108 Why You Can't Trust Government Inflation Statistics 109 What to Hold in Your IRA 110 Start a Self-Directed IRA 111 Convert to a Roth IRA? 111 When Not to Convert to a Roth IRA 113 Key Points 113 Principle 4 Prepare for the Worst, but Expect the Best Chapter 10 Why Your Taxes Are Going Sky High 117 The Numbers Speak for Themselves: Someone Has to Pay 117 Say Goodbye to Bush Tax Cuts 118 Defi cit Lip Service: How to Fool Some of the People Some of the Time 119 The Greek Road to Ruin 119 "New" Defi cit Reduction Strategy: Taxes 122 Coming Soon to Your Pocketbook: The Alternative Minimum Tax 122 Loophole: How to Turn a $700,000 Tax Bill into $10 Million Tax-Free Gift 123 How to Tax a Trillion Dollars 124 Your New Health Care Plan: Financed by Deception 124 Baby Boom Legacy: Spiraling Entitlement Costs 125 The Next Money-Grab: Value-Added Tax 126 Tax Fig Leaf: Erroneous Economic Models 127 Ouch! Economic Medicine That Works 129 Why the United States Will Never Be the Same Again 130 Key Points 131 Chapter 11 Look for the Warning Signs 133 The Warning Signs of an Imminent Currency Collapse 133 Is the U.S. Government Secretly Engineering a Weak Dollar? 136 How to Be a Billionaire-Zimbabwe-Style 138 Is the United States the Next Greece? 139 Got Gold? 140 Wage and Price Controls 140 The Lesson of the Russian Grandmothers 142 Key Points 143 Chapter 12 Looking Up While Hunkering Down 145 Speak Out 145 Another Way to Multiply Your Voice 146 Develop a Necessary Skill 146 Start an Export Business 147 Prepare a "Stay Bag" 148 Tangibles to Keep at Home 151 Whisky and Pot: Your Depression Friends 152 The Health Care Bomb: Better Have That Surgery Now 153 Consider a Move to the Country 154 Buy a Generator 155 Go off the Grid 156 How to Avoid Snoopers 157 Maintaining Your Privacy in a Facebook World 158 Key Points 159 Conclusion How to Sleep at Night, Whatever Happens to the Economy 161 Notes 163 About the Author 189 Index 191
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