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1021. Humpty Dumpty Joe [Biden]

 I've been quiet enough. It took me a long time to get on Obama (OBlunder) when in his times he screwed up America along with his sideki...

Saturday, October 10, 2009

77. "The Coming Collapse of the Dollar and How to Profit From It" by Turk and Rubino

Yuck. Tasted good for the first four chapters, then went downhill from there. The history of failing currency in Rome, Germany, England, and France were good examples of how excessive debt will eventually bite you in the butt. The history of gold as money and the gold standard wasn't anything new, but ok. After that though, when it started to bring oil-gold and dollar-gold relationships to light, the charts and explanations lost credibility. One chart was used twice: the first time to show the stability [NOT] of oil and then a second time to show the how very variable the oil-gold relationship was. Following were some chapters on gold's uses today; then, how to invest in gold. The final chapters were scenarios of the future (after 2006) which were common sense results of the credit crunch. It was there that it was predicted that gold would go to $5000/oz. Never saw it, despite a fairly accurate portrayal of other crisis events. So, bottom line, don't waste too much time on reading this.

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