NOTHING CAN REPLACE THE U.S. DOLLAR. . . AND IT ALMOST HAS: How You Can Multiply Your Money During Inflation and Depression by M. Martin Rom

NOTHING CAN REPLACE THE U.S. DOLLAR. . . AND IT ALMOST HAS: How You Can Multiply Your Money During Inflation and Depression

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KIRKUS REVIEW

Juggle the subtitle a little and the contents even less and you can almost hear the ringing of Harry Browne's cash register several seasons back. More recently, you heard the identical advice from James Dines (p. 343). There have been so many of these scaremonger investment handbooks keyed to the gold standard, you begin to wonder how many times the same book can be written; Once more: Rom, the founder of a Midwestern securities and real estate brokerage, is also associated with the International Precious Metals Corporation. Having become disenchanted with the forecast of government economists and the theories of John Maynard Keynes (here reduced to a nearsighted bungler) he offers his own predictions about the fiscal apocalypse--remember the fall of Rome. He steers you away from fixed-dollar investments and the anemic stock market and recommends gold, silver, real estate and Swiss francs as inflation hedges. He's far more the gambler than most of our Midases and a believer in maximizing capital with leverage of all kinds--bank loans, margin, mortgages, your insurance policy. Rom covers all the bases, including WW III and The Ultimate Bust, since once you commit yourself to this profit-making strategy, bad news is good news.

Pub Date: Nov. 1st, 1975
Publisher: T. Y. Crowell