The Great Devaluation

#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.

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

ADAM BARATTA is one of the most dynamic voices in the field of investments and precious metals today. A former award-winning screenwriter, director, and producer, Baratta has turned his passion towards the investment industry and the pendulum shift he sees coming as inflationary pressures return to the global economy. He is the co-owner of Advantage Gold, the highest rated precious metals firm in the United States, a member of the Inc. 5000., and bestselling author of Gold Is A Better Way. He is happily married and lives with his wife and daughter in Los Angeles.

What happens when central banks lose control of the monetary system? We don't have to speculate—The Great Depression of the 1930s tells us everything we need to know about what to expect in case of a financial collapse. The problem is, very few people understand just how close we really are to repeating this slice of history. All the warning signs are there—asset bubbles, explosive debt, social inequality, and political tensions, to name a few. And yet, we have been able to look the other way, potentially to our peril—until now.

In The Great Devaluation: How to Embrace, Prepare, and Profit from the Coming Global Monetary Reset, national bestselling author and leading gold investment strategist Adam Baratta shines a spotlight on the state of the monetary system and the Federal Reserve. Baratta brings a fresh and engaging perspective to a topic that investors urgently need to understand. He tells the story of how the Federal Reserve grew to be the secretive, ultra-powerful institution it is today, and how its tactics have resulted in an economy that is on its last, wobbly legs.

Although it isn't easy to open our eyes to the imminent reality of economic collapse, it will be well worth the pain. Baratta reveals the history-proven strategies that we can use to insure ourselves against the coming collapse, recession, and depression. No matter what we do, the system is in trouble. The U.S. Dollar is in trouble. The Fed is in trouble. So, why not benefit by consciously pivoting our investments, our business practices, and our society? George Santayana famously said, "Those that forget history are doomed to repeat it." The Great Devaluation is a history lesson that offers readers a road map for what to expect and how to profit during the next, tumultuous decade.

What seems crazy in normal times becomes necessary in a crisis

In 2008, the world economy suffered through the Housing Crisis which wiped out nearly $10 trillion in global asset value. In response, the Federal Reserve created Quantitative Easing, and added $3.5 trillion to their balance sheet over the next seven years. In March of 2020, we had a crisis and the Federal Reserve added another $3.5 trillion to their balance sheet, only this time they did it in a matter of seven weeks!

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 policies 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 explode the global economy.