Baratta Adam - The Great Devaluation ; How to Embrace, Prepare, and Profit from the Coming Global Monetary Reset

1. Chapter 6
2. Chapter 7
3. Chapter 8
4. Chapter 13
5. Chapter 14
6. Chapter 15
7. Chapter 16
8. Chapter 17
9. Chapter 18
10. Chapter 19
11. Chapter 20
12. Chapter 21
13. Chapter 23
14. Chapter 24

Adam Baratta

Copyright 2020 by John Wiley & Sons, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data

Names: Baratta, Adam, author.

Title: The great devaluation : how to embrace, prepare, and profit from the coming global monetary reset / Adam Baratta.

Description: First Edition. | Hoboken : Wiley, 2020. | Includes index.

Identifiers: LCCN 2020024336 (print) | LCCN 2020024337 (ebook) | ISBN 9781119691464 (hardback) | ISBN 9781119691471 (adobe pdf) | ISBN 9781119691488 (epub)

Subjects: LCSH: Currency question. | Fiscal policy. | Monetary policy.

Classification: LCC HG255 .B3557 2020 (print) | LCC HG255 (ebook) | DDC 332.4/142dc23

LC record available at https://lccn.loc.gov/2020024336

LC ebook record available at https://lccn.loc.gov/2020024337

Cover Design: Ray Griggs

Cover Images: Costello77/Adobe Stock Photo, wirat/Adobe Stock Photo

Author Photo: Ray Griggs

SPECIAL THANKS

To Kirill and Josh, the very best business partners one could ever hope for. Thank you for being great at what you do and allowing me the opportunity to keep telling this story.

To my brother Andy, the true writer of the family, thank you for your keen insight and for challenging me. This book is far better because of your input.

To Chelsey, the glue of our firm and the rock I can always lean on.

To Uncle Johnour debates have helped me immensely. Thank you for your consistent encouragement and generosity.

YOU CAN'T PRINT GOLD

Mom, your hand is forever on my shoulder. I continue to aspire to the illustration of your grace.

For Charlotte, you are the music to my words and the perfect melody to hum along with in life. ABCB4VR

To Giabella, our beautiful gift from God. Mommy and Daddy's love for you is more eternal than gold.

Had you told me 10 years ago that I would become a financial author and one of the leading voices in the world on the subject of gold and the global economy, I would have said you were absolutely crazy. Ten years ago, my life looked entirely different than it does today. Back then, my life was consumed with pursuits in the entertainment industry. I had spent the first 20 years after college making my way up the ranks in Hollywoodfrom actor, to writer, to director, and eventually to producer. I am a storyteller at heart. It is what I am most passionate about.

But seven years ago I came across a story that caused me to leave the entertainment business altogether. The more I learned about this story, the more I realized it was a story that very few people knew, that no one else was telling, and everyone needed to hear. It's one I have become so passionate about that I have made it my life's mission to share it with as many people around the world as I can. Candidly, I was initially unsure that I was the right person to share this story, but have since come to view it as my obligation to share the enlightenment I have obtained with as many people around the world as I know need it. I have written books and newsletters, produced award-winning videos, helmed multiple documentaries and webinars, and even created animations and children's stories. I have given talks around the world, and my presentations have been subscribed to by tens of thousands of people.

So what is this story I've been telling? Told in its simplest form, it is the title of my first book, Gold Is A Better Wayand Other Secrets Wall Street Doesn't Want You to Know. The purpose of that book was to challenge the way people viewed investing. It explains how the Wall Street model is broken and why gold is among the most misunderstood assets in the world. It became a national bestseller.

I believe Gold Is A Better Way resonated for a few main reasons, the first of which is that I am not an insider writing about markets in a boring way, but rather, looking at and telling the story from a fresh perspective. The second is that I was right. Gold Is A Better Way was published on August 14, 2018. Since that time, the price of gold has risen from $1192 to $1498 today, an increase of 25 percent. The Dow Jones in the same span is down 25 percent. This spread is just the beginning and will widen significantly in the coming decade. I predict that gold will outperform equities eight to one over the next decade. It's why I have put every investment dollar I have into physical gold.

What makes me so sure? I believe that mankind is on the verge of making the same mistakes we did 90 years ago. Mark Twain famously said, History may not repeat itself, but it sure does rhyme. The Great Depression that happened in the 1930s must have seemed impossible to comprehend to those in the peak of the roaring 1920s. But what happened then is an excellent roadmap for what's coming next. The order will come similarly; first we will have a stock market collapse, followed by recession, followed by global depression, all of which will end in a monetary reset. This book is about how that will transpire and why mankind will continue to keep making the same mistakes in the future.