#1 Business Bestseller (Wall Street Journal, Amazon, USA Today)
The Great Devaluation may be one of the most timely books ever written on the state of the global economy. Baratta sums it up simply enough with the following idea:
“What seems crazy in normal times becomes necessary in a crisis.”
The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up.
Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow-up to his national bestseller, Gold Is A Better Way. You’ll learn how and why Federal Reserve polices have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to blow up the global economy.
Table of Contents
Introduction: One Minute to Midnight ix
Part I The System is Broken 1
Chapter 1 Parasite 3
Chapter 2 Trading Places 13
Chapter 3 For a Few Dollars More 21
Chapter 4 Hustle and Flow 27
Chapter 5 Free Willy 35
Chapter 6 Parenthood 41
Chapter 7 The Never-Ending Story 53
Chapter 8 Goldfinger 65
Part II Those Who Cannot Remember the Past are Condemned to Repeat It 77
Chapter 9 Prometheus 79
Chapter 10 The Banker 89
Chapter 11 The Lion King 95
Chapter 12 The Money Pit 105
Chapter 13 It’s a Wonderful Life 109
Chapter 14 Signs 115
Part III Checkmate 125
Chapter 15 Black Swan 127
Chapter 16 The Circle 133
Chapter 17 Contagion 147
Chapter 18 The Big Short 155
Part IV The Great Revaluation and a Look at the Future 165
Chapter 19 The Mechanic 167
Chapter 20 White Men Can’t Jump 177
Chapter 21 The Matrix 187
Chapter 22 Back to the Future - Part II 195
Chapter 23 The Incredible Hulk 199
Chapter 24 Searching for Bobby Fisher 209
References 217
Index 243
