Why did you feel you had to tell this story?
I’m on a mission to increase awareness of the global unsustainable macroeconomic forces and help concerned individuals take actions today before an increasingly likely currency crisis occurs. We will soon witness the greatest opportunity ever seen, as countries worldwide realize they need to revert to monetary systems backed by real money (i.e., the gold and silver). People who are acquiring gold and silver beforehand will not only have their wealth preserved and protected when existing fiat currencies collapse, but will see staggering increases in their purchasing power hence profiting from this opportunity.
Where do you get your ideas?
Predictable Monetary Cycle throughout History. Since the beginning of time, when a country deviate from real money such as gold and silver and start printing currencies like we are doing today, a new monetary system is introduced every 30-40 years based on real money again. Paper Currency is a form of money, but itself have no intrinsic value because it is not backed by gold or silver. When governments and central banks around the world practices with irresponsible monetary policies by over printing and deficit spending, this simply debase the value of paper currencies. Hence the transfer of purchase power goes from the common people directly to those in control of the financial system. At the currently rate of global printing, we will see inflation catch up at unprecedented rate as the global paper monetary system collapses under too many debts with insufficient real money (gold and silver) to pay. Eventually, history have shown numerous times, free market will let gold and silver will reevaluate itself to account for all the paper currency the world have ever printed. Just remember, Gold and Silver can never be printed and only finite among of these precious metals are available.
Most people take this subject of money for granted. That is simply dangerous and exactly what our governments and central banks want us to believe in.
Do you ever experience writer’s block and how do you overcome it?
I did come across a few writer’s blocks with respect to how to structure the book during the initial phase. It happened mainly because I had too much information and research to present as organizing into a logical manner and interesting format presents difficultly. I overcame it by identifying the top 15 questions that most people will have with this topic that is relevant to today’s economic landscape and use them as main chapter subjects. Once the chapter subjects are arranged in a logical flow, I would approach each chapter in 1 of 2 ways I’ve learned in graduate school and in practice.
1) Each chapter as its own research paper, contain abstract, objectives, methods, statistics, discussion and conclusion.
2) Each chapter as its own patient, SOAP- Subjective, Objective, Assessment, Plan.
What advice would you give to aspiring writers on the writing and publishing process?
1. Write something you are interested or have expertise in.
2. Know how you want to publish it.
3. Know your industry.
4. Hire a publicist.
5. Network with similar mindsets.
6. Have a marketing plan.
7. Hire a few editors.
How do you market your work? Have you found some avenues to be more successful than others?
I have started my first book with the mission of educating people on the global unsustainable macroeconomic forces and to help concerned individuals take action today before an increasingly likely currency crisis occurs. Therefore, I have deployed cross channel marketing, combining social media marketing and educational marketing in my pursuit towards knowledge driven investing, resulting in a potentially added value for my readers. Due to my strategic and analytical thinking, I believe that the objectives I have set for my marketing strategy are SMART and will help me transform my first book into a bestseller, emphasizing a successful tactical approach.
If your book was made into a movie, who do you picture playing each part?
I don’t know much about movie and celebrities; hence I cannot envision how my book will be made into a movie. However, I can envision Lisa Ling of National Geographic produce a serious investigation documentary movie and interviewing key political, business and bank leaders regarding the Critical Flaw of our monetary system.
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In his 2008 Congressional testimony, Dr. Alan Greenspan, Former Federal Reserve Chairman, noted a flaw in the economic model he previously thought defined how the world works. Greenspan was referring to the ability of banks and markets to regulate themselves—an ideology he admitted went wrong with the 2008 economic meltdown.
The author has a unique perspective from the inside. He covers topics like inflation, quantitative easing, the “fiscal cliff,” and the global debt crisis with clarity and purpose. Dr. Alan P. Chan is presenting his research as evidence of money’s shaky foundation as an economic driver that Dr. Greenspan's “critical flaw” presents an excellent investment opportunity.
“Well-argued and ultimately quite persuasive… With a straightforward, accessible writing style that conveys his obvious passion for the topic, Chan articulates important points of economic theory without becoming too abstract. Chan’s insight is enthralling." –ELIZABETH MILLARD, ForeWord Clarion Reviews.
"Dr. Chan does a great job of taking complicated financial concepts and explaining them in a fresh and clear manner. He also offers up some thoughtful ideas on how to navigate today's volatile financial landscape.” – BRIAN SAMSON, Founder & CEO, HR for Startups.
“Dr. Chan’s book is needed for today’s financial times. His guide will help stop you from making bad investments, avoiding financial debt, and ultimately provide answers to the questions you've been asking for years. What’s the real picture? How to invest long term profitably and safely? How to protect my future? What happens in the next crisis? How can I avoid the traps?” – BILL CHAN, Corporate Advisory Chair of Seine Image International Co. Ltd.
“The Critical Flaw describes how true and seriously faulty the assumptions on which we built our financial world upon. Brimming with straightforward facts and strategies, anyone can use Dr. Chan’s book to overcome the key fears and questions associated with investing in physical gold and silver.” – ESTHER JIN, MSOD, Private Wealth Manager.
“If you want to deploy a section of your portfolio into precious metals, then this book is the invaluable tool you’ll need in order to capitalize on accurate concepts and helpful tactics which will allow you to protect your assets against the next financial crash and also profit from it. This is a must-read.” –RALUCA IONITA, Co-Founder and Managing Director AYG Romania.
"Dr. Chan paints a bleak picture about the current state of a flawed global financial system. Through shrewd investing and economic foresight, he takes us on a journey towards financial independence, free from the control of central banks and governmental monetary policy." – CASEY FONG, Founder of Dreaming Emotion.
“Heartfelt, inspiring, simple and clear. The Critical Flaw reveals a new approach for investors who want to succeed in this new economic landscape. I loved it!” – SIMEON DACUMOS, CEO & Creative Director of Simeon Dacumos Co.
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About the Author
Dr. Alan Chan, Pharm.D, has been a precious metals investor since 2006. After receiving his doctorate in pharmacy from University of the Pacific, he was involved in start-ups, real estate and private investments. When his real estate portfolio lost seventy-five percent of its value in 2008, Dr. Chan learned firsthand how dangerous these bubbles can be. In trying to recover from that major setback, he became an advocate of wealth protection in the form of precious metals. Subsequent years spent researching the financial system and macroeconomics resulted in his theories, which act as a wake-up call to those with concerns about more bubbles in the future.
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FOR MORE INFO:
Website: www.thecriticalflaw.com
Blog: www.thecriticalflaw.com/blog
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