You Can Profit From A Monetary Crisis

by Harry Browne, Roger Lipton (Introduction)

Now, we are facing a far greater crisis. The shift from gold and silver coins to paper money caused great concern to economists such as Harry Browne, but now today even the paper money has no value. Nowadays, the world's financial system is carried on Internet websites!!! Trillions of dollars flow back and forth every day through the world's financial markets. If the World Wide Web crashes, there is nothing to back it up.Today, the governments of the world are just creating ever increasing deficits. They are spending like there is no tomorrow. They are just bailing each other out. The world's economy is being run as a giant Ponzi scheme. Governments are bailing out banks and then bailing out each other. How much longer can this continue? The "mother" of all financial collapses is upon us NOW.That is why this book is needed more than ever NOW.

Genres: Economics, Nonfiction, Business

416 pages, Paperback

First published October 1, 1975

Reviews

[Juan Ruiz · Rating 3 out of 5]

I bought this book thinking it would be interesting to see which were the authors economic predictions during the seventies, a time when gold was no longer backing the dollar and inflation was rising constantly… oil prices were also rising and the OPEC was gaining a lot of power. There were many similarities then to actual times. My conclusion is that, while I share the analyses made by the author and think he makes total sense of the situation, (for example buying gold instead of having cash or stocks, or even real estate) reality turned out to be quite different and none of his greatest predictions really turned out to be totally true. So, this is important to keep in mind for this actual post pandemic times in which inflation begins to soar and Bitcoin and other cryptocurrencies emerge as methods of holding value. Nobody really knows for sure what’s gonna happen, and best advice tends to be oldest and most simple advice: diversify.

[Jeff Keehr · Rating 3 out of 5]

I read this while I was in the Navy and I started buying gold and silver coins. I made a small profit but nothing like Browne predicted. Still, he gave me something to think about and although I have never invested in gold and silver since those days I have kept the idea that governments can fail to control money in the back of my mind.

[Evan Lacerda · Rating 5 out of 5]

So far, my favorite view about the dynamics of the economy. Very complete, including a reading list of suggestions at the end.

[James McGinness · Rating 5 out of 5]

Wise words still relevant today from the great libertarian thinker, Harry Browne.

[Alan · Rating 5 out of 5]

Absolutely fantastic advice considering when it was written and what happened in the 1970s to Gold, Silver and the currencies he exactly recommended. As an author and investor of this kind of material, it proves history really does rhyme. Even some highly predictive stuff about what to look for when it's time to get out of gold and back into the stock market. Definitely a 5/5. Harry Browne was clearly a man of extreme substance and belief who it would have been nice to have met, I am sure he would have made a good president, given the chance.

[Jake · Rating 4 out of 5]

An excellent introduction into thinking about what a free (libertarian) society might look like, from a careful thinker and interesting writer. Harry Browne was a benevolent human being, whose political views were almost always 100% agreeable to decent human beings.

[Daniel · Rating 3 out of 5]

OK but there is always more to it than Harry Browne is telling you

[Alexander · Rating 5 out of 5]

First book I read on investing after finding it among my parents' things. Was great from 1997 (when I started college) until 2003/4. Took a look at it again recently. In general, with finance books, it's probably best to read a ton of them and take what seems on point to heart and scrap the rest.