Chapter Eight
Dollar Codependents
The Casino Game
We’d love to say protecting yourself right now is as simple as cashing out of U.S. dollars. But that’s not going to cut it. Things are far from simple. Just take the euro. You certainly wouldn’t feel too confident putting your life savings in something whose dissolution is called for in daily headlines, but you would probably consider taking a European vacation sometime soon.
And, sure, maybe when you read this, the dollar may actually be strengthening against several global currencies. That’s why our publisher suggested we use “fluctuating”—not “shrinking” in our title. But we know you’re smarter than that, and will be looking long term to see the kinds of scenarios that can play out.
As it happens, since all currencies draw their worth from nothing but the government’s good word, something pretty dastardly could lie in store for more countries than just the United States. We’re already seeing it unfold in the massive rashes of inflation around the globe.
But how did we get here?
Get The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
