{"product_id":"the-great-devaluation","title":"The Great Devaluation","description":"\u003cp\u003e\u003cb\u003eWhat seems \u003ci\u003ecrazy\u003c\/i\u003e in normal times becomes \u003ci\u003enecessary\u003c\/i\u003e in a crisis\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn 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 \u003ci\u003eanother\u003c\/i\u003e $3.5 trillion to their balance sheet, only this time they did it in a matter of \u003ci\u003eseven weeks\u003c\/i\u003e! \u003c\/p\u003e\u003cp\u003eThe 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 \u003ci\u003espend\u003c\/i\u003e more than they make, \u003ci\u003eborrow\u003c\/i\u003e more than they can ever repay, and \u003ci\u003edevalue\u003c\/i\u003e their currencies to cover it all up. \u003c\/p\u003e\u003cp\u003eFormer Hollywood storyteller Adam Baratta brings monetary policy to life in this follow up to his national bestseller,\u003ci\u003e Gold Is A Better Way.\u003c\/i\u003e 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.\u003c\/p\u003e","brand":"Adam Baratta","offers":[{"title":"Default Title","offer_id":42818271543357,"sku":"9781119691464","price":37.76,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0597\/7689\/2989\/files\/9781119691464_c9354022-4c78-4c32-a209-3b9e452fb33f.jpg?v=1766918175","url":"https:\/\/www.palmleaf.com.au\/products\/the-great-devaluation","provider":"Palmleaf","version":"1.0","type":"link"}