It all has to do with the simple little word money. Everything flows from the way the money system is handled. It is the cause of inflation, of depressions, of any sudden changes in the economy.
Not one person in a thousand really understands what money is. And yet, there are few subjects in the world more fascinating than the study of money. A proper grasp of it will give you the key that unlocks the many puzzles of national economic events. Without that understanding, it’s impossible to think for oneself; instead, you’re forced to rely upon the superficial conclusions of people with conflicting opinions and credentials.
This short book covers 99% of all you need to know about money and its effect upon the economy. It’s the clearest and most extensive explanation of how the government money system works and perverts the free market. Equally important, it’s written in language that any reasonably intelligent layman can understand.
Harry Browne was unknown in the investment world when his first book, How You Can Profit from the Coming Devaluation, was published in 1970. Recognizing the disastrous monetary policy of the U.S. government, he warned that the dollar would be devalued, inflation could be severe, and gold, silver, and foreign currencies should skyrocket in value. The book’s theme clashed with the prevailing wisdom, but it struck a chord with tens of thousands of Americans, and the book made the New York Times bestseller list.
This eBook, taken from the first nine chapters of Harry’s best-selling book, and edited by him in 2005, includes a brief afterword with a source that can help you set up a Permanent Portfolio. So it doesn’t matter whether next year brings prosperity, inflation, recession, or even a depression; you’ll know you’re safe – no matter what.
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