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Book Image Not Available
Book details
  • Genre:BUSINESS & ECONOMICS
  • SubGenre:Economic Conditions
  • Language:English
  • Pages:254

The Silver Manifesto

by David Morgan and Chris Marchese

Book Image Not Available
Overview

This may be the most important "hard money" book to be published in quite some time. Fortunes have been made by those who bought silver around the $5.00 level and paid attention to the call of the top at over $48.00 by David Morgan. Yet the big money lies ahead, according to the authors, as much as 90 percent of the move occurs within the last 10 percent of the time. There are factors that produce immense profits and these occur rarely. Investors stand at a unique point in monetary history where the death of paper currencies on a global scale is taking place before their eyes. Because most are frozen into inside-the-box thinking, few investors will ride the next move as silver (and gold) skyrocket in the years ahead. In fact the primary purpose of this book is to educate the reader as to why there is no way out of the financial morass created by the financial elite. We have reached the point where the savvy few understand what is happening and take action, while the rest are left watching, thinking the precious metals bull market is dead. The authors explore when to expect the next bull market to begin and why, how the 2008 financial crisis has been "papered over" and what to watch for going forward. The real supply and demand looking at both industrial and monetary demand. Money and Banking - what fractional reserve banking means to currency and bullion. The best surest method to stay in the profit zone and not worry about the wild price swings. How to pick a mining company-this information is priceless. Most who are taught this methodology have a degree in finance, but we break it down for the average investor. The silver manipulation story-the facts, more facts, and the irrefutable facts. The biggest concern of all investors: The Debt Bomb!

Description

A detailed examination of an incredibly under-appreciated asset class, Precious Metals, notably Silver. The book takes an in-depth look at all aspects of the silver market including but not confined to: (i) A monetary history of silver, dating back well over 5,000 years ago with the advent of handwriting or corresponding journal entries up through the Revolutionary War. The second chapter examines the monetary history of silver in the U.S. since its founding on a silver standard. The supply and demand aspects are examined and forecast over the next several years, focusing on a few things including new and novel uses of silver in industry, "Peak Silver" etc. Next we delve into how the banking system works, particularly fractional reserve banking and the accompanying journal entries. Maturity mismatching and Phases of Inflation are also discussed. Fractional Reserve Banking is then applied to fractional reserve bullion banking as part of market intervention in the silver and gold markets. This is all necessary to understand and comprehend Austrian Business Cycle Theory (ABCT) developed by Ludwig von Mises. It is followed by another chapter which applies this theory from the the late 70's to present day. The Debt (and Derivatives) bomb is next, with an in-depth look at all the major world economies and the Total Debt/GDP ratios, in addition to holding hundreds of trillions of derivatives and over 80 trillion in unfunded liabilities. This is then followed by How to Build a Precious Metals Portfolio and How to pick a mining stock. The book concludes with the heartfelt chapter "Beyond Silver"

About the author

David Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high net worth investors, mining companies, depositories, and bullion dealers. He is the publisher of The Morgan Report on precious metals, author of Get the Skinny on Silver Investing, and featured speaker at investment conferences in North America, Europe, and Asia. He has degrees in both engineering and finance. A longtime adherent to the Austrian School and Honesty Money, David has devoted most of his life to the study of money, economics, and precious metals.

Chris Marchese is an economic and financial analyst for The Morgan Report. He has published over 160 articles on investing, economics, commodities in financial journals, websites and magazines. He has degrees and certifications in finance and accounting and has had a passion for Austrian Economics while being a vocal critic of all the non-free market schools of economic thought, which pervade the mainstream thinking today. 

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