Planning for Disaster
by Patrick Krey
by Patrick Krey
by Patrick Krey: Nullification
in a Nutshell
and author Charles Goyette has no doubt about the future of the
U.S. dollar. The question isnt whether the U.S. currency will
become virtually worthless but when it will happen. Goyette wrote
Dollar Meltdown: Surviving the Impending Currency Crisis with Gold,
Oil and Other Unconventional Investments for the express
purpose of giving people an opportunity to protect themselves and
their families in the face of what he contends is an inevitable
collapse of the U.S. dollar, owing to the federal governments
outrageous inflationary spending.
There are numerous
other books out there offering financial advice, proclaiming to
help the reader get rich quick. Unlike those, this book instead
attempts to help the readers preserve whatever they can of their
existing savings in the face of the ongoing destruction of the U.S.
fiat currency by the wizards in Washington. The book
is broken up into sections that introduce a completely uninitiated
reader to the detailed background of our current predicament before
getting into the financial advice.
years on talk radio have served him well, as he is able to effectively
communicate complex and challenging topics for a wide audience.
His ability to keep things interesting and entertaining for the
reader helps as he summarizes the history of fiat currencies, global
empires, and the worsening U.S. predicament. Such episodes
are so frequent in history, they should not need retelling and the
economics of unsound money should not need to be repeatedly reexperienced.
But such lessons are seemingly never learned and so are replayed
again and again. Sometimes the consequences are experienced in a
more or less severe manner, but it is the same notes, only played
in a different octave. Through anecdotal examples and witty
analysis, Dollar Meltdown is a much more readable book than
others on a similar subject. It is informative but also keeps the
reader engrossed enough to keep turning the pages. There are many
amusing quotes and a few of his most memorable ones will stick with
you after youre done.
That is not
to say the book is light-hearted. If anything, its a massive
downer, as it takes a sober look at what lies ahead. America is
on a collision course with bankruptcy. The Federal Reserve Notes
we currently exchange as money are IOUs that our national leaders
have overextended beyond the point of no return. Americas
national government has moved way beyond a political spoils system
It has become a piñata: everybody gets a crack at it
But the piñata does not survive the party. It is bashed to
bits. Goyette places the blame on the combination of foreign
and domestic spending. As the Romans discovered and Americans
will learn to their great sorrow, empires are unsustainable edifices.
Still, such spending wouldnt be possible without the machinations
of the Federal Reserve. The harm the Federal Reserve does
is inescapable; it reaches everywhere, damaging every nook and cranny
of the economy.
As a believer
in the Austrian School of economics, Goyette argues that the Federal
Reserve itself is responsible for the booms and busts that rock
our economy and result in establishment leaders expanding government
power with bailouts and more control. Of course, this means that
Goyette takes issue with the conventional wisdom trumpeted
by the governing classes and their lapdog media that our present
financial crisis was caused by insufficient government regulation.
To say that the economic meltdown was caused by an insufficiency
of regulation, Goyette says, is similar to saying that the
Titanic collapsed because of an insufficiency of ice.
the rest of the article
D. Krey, Esq. is a freelance writer who works in the corporate world
and has an M.B.A., J.D. (law degree) and an L.L.M. (masters of law)
from the University of Buffalo. Patrick is also a general practice
Attorney admitted to the bar in New York State. His writings focus
on national issues and have been published online at JBS.org,
Infowars.com, The Tenth
Amendment Center and in The
New American bi-weekly print magazine.
© 2010 The New American