Financial Sense Newshour
The "War Against Deflation" will end up being an economic and financial
war that none of us are likely to forget. It will be a war between
currency debasement (inflation) and credit contraction (deflation).
As our money fails, people will increasingly seek out precious metals
and commodities as stores of value.
The end result of this tug-of-war will be what the author refers to as K-Flation -- "Killer Flation" -- inflation and deflation occurring simultaneously. Inflation will occur in daily necessities such as food, water, and fuel and deflation is likely to occur in housing and financial assets such as bonds and stocks.
U.S. citizens are now on the hook for
$100+ trillion in debts and entitlement obligations. These obligations
can only be paid with a depreciated currency. This book provides a
concise explanation of how we got here and where we are headed.
Stagflation will return, gold will likely go to $5,000 per ounce or
more, and there is a good possibility we will experience another Great Depression.
We face confusing and chaotic times ahead. The goal of this book is to help you understand what is happening and to prepare for what is coming down the road. Practical advice is provided in the Great Depression II Survival Guide (Section IV) to help readers save and invest wisely now. Foreword written by T. Britton ("Britt") Harris IV, Chief Investment Officer of the Teacher Retirement System of Texas and Member of the President's Working Group on Financial Markets.
The second edition of the book is now available at www.amazon.com, barnesandnoble.com, or Lulu.com in paperback ($12.71 after 15% discount).
A hardcover version of the second edition is also now available at Lulu.com for $22.91 after 15% discount and a download version is also available for $9.14 (after discount). For either one of these versions, please click on the button below:
"I recommend Tom Cammack's book, Inflation Nation.
It's a quick read that very succinctly puts out a message of where we
are and why we should be concerned about it (inflation). The environment we're
moving into will steal money from the conservative, the prudent, the
cautious investor—through currency debasement. You need to read a book
such as Cammack's to appreciate what's going on. I hope that will
motivate Gold Report readers to shift their thinking. They have to
understand that they have to work to protect themselves because I see a
time coming that's going to be very painful. I hope it doesn't come,
but I think it will." "Rob McEwen: Looking Ahead of the Curve" - interview with The Gold Report (http://www.theaureport.com/pub/na/6490).
Here are unsolicited comments about the book by Mr. Rob McEwen, Chairman and CEO of U.S. Gold Corporation (http://www.usgold.com):
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The purpose of this book is to help you beat inflation by saving and investing wisely now. The book explains how to build a strong foundation and then proceed to build wealth by focusing on cash flow and growth opportunities that have a good possibility of outpacing inflation. Financial education will help you invest strategically so that you can preserve and build your investment portfolio successfully. Investments that should do well in an inflationary environment include: |
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Tom Cammack is an experienced investment professional with over thirty years of financial industry experience. He is a Chartered Financial Analyst (CFA) and a Certified Public Accountant (CPA). Tom started investing personally in the 1970s and is currently a senior investment manager with the Teacher Retirement System of Texas where he has worked the past 20 years. During this time, Tom has invested in gold, silver, and other natural resource companies all over the world.
Tom’s recommendation to buy gold is not a recent event. He began purchasing gold and recommending gold to his friends in the year 2000 when the gold price was below $300/ounce. Tom is an avid reader of monetary history and current events.
Tom has an undergraduate degree from Texas Tech University and a graduate degree from Texas A&M University.
