He'll explain why America's mortgage mess is a symptom of potentially far more devastating trouble. Bad years are coming for the unaware. The devaluation of the American dollar, with the subsequent inflation, is eerily similar to the chaotic markets of the 1970s. Ruff advised investors to avoid stocks and bonds and instead to put their portfolios into gold, silver, platinum group metals, and collectibles such as art and numismatic coins. No one knows exactly where the breaking point is, but it's coming. In the late 1970s and early 1980s, Ruff hosted a syndicated television show called Ruff House.
My first comment is that it feels a bit cut and pasted. This book was interesting, although long-winded. He'll explain about America becoming a socialist country and how to prosper through investments during a deep, economic recession and depression. His primary purpose is to point out the reasons for and the inevitability of an upcoming financial upheaval. I would have rated it higher, had it not mostly been review for me. This latest edition of Ruff's book is apparently a revised edition of his original book written in the 70s with some things deleted and some new information added on to bring the reader up to date as of the beginnings of the current sub-prime meltdown.
The watershed years -- Unfunded liabilities : the doomsday machine -- Inflation : the great transfer tax -- Social Security : the Ponzi chain letter -- Don't bank on it -- Sin tax -- Part two : Surviving in style. In How to Prosper During the Coming Bad Years 1979 , he relates that his recommendation of food storage is in accord with a policy of. In addition to its rhetorical and empirical contributions, this book stimulates a much-needed critical dialogue between practitioners and academics on the sources of the underlying appeal of management gurus and management fashions, and their effect upon the quality of management and organizational learning. He is a huge supporter of gold and even more so, silver because of the rapid printing of fiat currencies. Some passages are repeated verbatim in different sections of the book, some are repeated not quite verbatim but close enough to count as repetitive. Based on this alone, a star has to be deleted.
Ruff believed as of his 1979-1981 writings that the United States was headed for a and that there was a danger that both government and private pension plans were about to collapse. Only this time, they're ever more exaggerated. One minor factual note on the price of Gold. During the , Ruff began appearing on making economic predictions that were similar to those he had made in the 1970s and 1980s. His primary purpose is to point out the reasons for and the inevitability of an upcoming financial upheaval. How to Prosper During the Coming Bad Years in the 21st Century is a must-have survival and moneymaking guide for anyone who wants to profit from the rough economic seas that are upon us--and come through with their share of treasure.
The devaluation of the American dollar with the subsequent inflation, is eerily similar to the chaotic markets of the 1970s. This book is an excellent explanation of why economic problems are only going to get worse in coming years. You can get this version really cheap but there is an updated version that if you are serious I would spend the money to get. He's regarded as one of the most insightful financial market strategists in the world. A grisly list of unpleasant events--exploding inflation, probable price controls, shrinking of the purchasing power of your savings possibly to nothing , soaring gas and oil prices, imploding home equities, a collapse of private as well as government pension programs including Social Security , vastly more government regulation to control your life, the disintegration of the basic foundation of society--the traditional family--and eventually an international monetary holocaust that will sweep all paper currencies especially the dollar down the drain and turn the world upside down.
He will explain that heart surgery may not be necessary. An excerpt on where Ruff thinks our economy is going and what will be valuable. He'll also explain about how to prosper through investments during a deep recession. Here is the most likely scenario: In the next recession residential real-estate is collapsing as I write , which will happen sometime after the publication of this book, deflation, recession, and unemployment will threaten the public welfare. There are obviously some things that you can't do if you don't have enough money, but the basics will substantially raise your odds on personal and financial survival and can be implemented by nearly every middle-class family.
The factors that created the stagflation and the gold and silver bull markets of the late 70s and 80s are back. From the 1 New York Times bestselling author, the groundbreaking guide that sold over two and a half million copies—now fully updated. This book is a good introduction to the inflationary crisis that we are about to experience in America. The factors that created the stagflation and the gold and silver bull markets of the late 70s and early 80s are back. If you don't know what I'm talking about, you need to read the book.
In conclusion, if you have never been exposed to these sort of ideas, you should be and this book is not a bad place to start. You don't have to be a genius if you can identify the basic trends and make some very simple decisions with your assets. The first excerpt is from How to Negotiate Anything with Anyone Anywhere Around the World by Frank Acuff. Ruff gained a sizable mainstream audience for a while during the late 1970s until about 1981, because those who had been taking his investment advice and buying precious metals saw large during that period. A tiny minority who have no need for a means of exchange during this chaotic period who have already bought several months' supply of all the things they will need, such as food, clothing, candles, medicine, toilet paper, batteries, diapers, soap, automobile parts, etc.