What they're saying about THE DOLLAR MELTDOWN...
George C. Leef, THE FREEMAN, November 25, 2010
When the stock market plunged and financial markets hit the panic button in September 2008, President Bush asked his advisers, "How did we get here?" Goyette provides an explanation that even an airhead politician should be able to understand.
Our political and media elites, confused and desperate over the economic debacle, advanced the notion that the culprit was "deregulation." Goyette gives that self-serving falsehood the back of his hand, showing that the problem was rooted in massive government intervention in the economy, with meddling in the housing market most prominent. He has a great talent for colorful analogies, writing, "Like pirates whose fake lighthouses drew hapless ships to plunder, political pirates distort otherwise self-regulating economic activity with laws and regulations aimed at winning favor among specific beneficiaries." Politicians—and Goyette correctly holds both major parties to be equally guilty—make off with the booty of campaign support, special interest groups enjoy the subsidies and other favors bestowed by the politicians, and the rest of us suffer the harm.
... Another excellent feature of The Dollar Meltdown is the way it disabuses readers of the foolish notion that the government does all its spending and inflating for the good of the people. Consider this sentence: "Ultimately the survival of the government and the governing classes (at least in the reckoning of those in charge) trumps the resilience of the economy and the well-being of the people." Devastatingly accurate.
THE INTELLECTUAL CONSERVATIVE, Steven D. Laib
Those of us who listen to Conservative talk radio or financial programming have all heard the advertising for the various gold and silver dealers who loudly trumpet their wares and their predictions. Goyette counters this last problem with solid advice. He properly explains what to buy and why, as well as what to avoid. He provides options for the average person and makes it understandable so that someone could walk into a reputable discount broker and make sense of what is available.
... All things considered The Dollar Meltdown is good, entertaining and easily understandable reading. For someone who is concerned about protecting their wealth in these troubled times it provides an excellent starting point as well as an occasional reference.
THE LONELY CONSERVATIVE, November 9, 2010
The release of the updated paperback edition of Charles Goyette's The Dollar Meltdown couldn't be more timely. I just got off the phone with Mr. Goyette. The first thing I asked about was Federal Reserve Chairman Ben Bernanke's plan to spend an additional $900 billion on Treasury Bonds, the plan known as "Quantitative Easing II" (QE2). Goyette calls it an "absolute disaster." He said it's nothing more than a wealth transfer to Wall Street, from the rest of us.
... Goyette believes Rep. Ron Paul is right in his quest to "end the Fed." I told him that many on our side argue that we can't do away with the Federal Reserve because we don't have anything to replace it with. Goyette scoffed at such a notion, saying that since the Federal Reserve was created 98 years ago, 94% of the dollar's purchasing power has been destroyed, and that we've had the worst inflation and depressions in history. He likened it to a family business. If your family business was run by a management company that destroyed 94% of its value, would you say "Well, we can't find new managers!"?
NOISYROOM.net, by Terresa Monroe-Hamilton. November 13, 2010
The Dollar Meltdown by Charles Goyette provides a fascinating look into America's financial collapse.... He gives you a practical plan for protecting yourself, your family and your investments from the all but inevitable fall of the dollar and a worldwide monetary collapse.
Taking a journey through the complexities of America's financial trials that has brought her to the precipice of financial ruin, Goyette lays out our government's part in our economy's downfall. Disparaging of Keynesian theory and instead steeped in the flawless logic of Hayek's Austrian perspective of economics, he shows the progression of doomed economic policies that have lead to our current crises. You'll see the history of our currency and enjoy an in-depth analysis of money and how it functions today in America. Fiat currency is a subject every American should be able to understand and discuss intelligently.
Gerald Celente, Trends Research Institute
"A comprehensive and clear-eyed depiction of how the US dollar ended up losing almost 100% of its value on the Fed's watch, and how Washington enabled the theft. By outlining likely scenarios and identifying alternative currencies and investment strategies, Charles Goyette has written an economic survival manual for the everyman, filled with practical information on protecting your assets during the coming dollar unwind."
Randy Radic, Silver Monthly, May 7, 2010
The Dollar Meltdown is definitely a gloom and doom book. Fortunately, the author's style of writing and enthusiasm for his subject – how to avoid the doom – keep the book from being depressing. Charles Goyette – the author – simply tells it like it is. And what it is, is a sad state of affairs. Goyette's presentation is composed of four parts: where we are; how we got here; what happens next; and what to do.
Under the heading of 'where we are,' Goyette points out that "the future of the dollar has already been determined." For all intents and purposes, the dollar is dead. It has lost "96 percent of its purchasing power under the Federal Reserve System's mismanagement."Read the entire review HERE
That is not to say the book is light-hearted. If anything, it's 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. "America's 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."
... The Dollar Meltdown is a unique and valuable book, offering the complexities of economics in order to explain where we are and how we got here while presenting investment strategies for those people interested in taking control of their financial feature. If you prefer eating glass over reading economic text or think Wall St. is a prerequisite before making investments, then this book is a must read for you and your family.
Read the entire review at RightCondition.com HERE
Now I'll go into the preliminaries. Goyette gives up the goods in a methodical way. The book is divided into four sections: "Where we are", "How we got here", "What happens next", and "What to do".... HERE
Goyette, a radio show host, precious metals pro, and libertarian, shares his views on fate of the US dollar in "The Dollar Meltdown." In his four-part book, Goyette details where the US economy and dollar are now, how we got here, what might happen next, and how to protect your money.
The topics Goyette presents are necessary reading for anyone wanting a well-rounded perspective on the current US economy. Even if you don't agree with some of Goyette's strong libertarian viewpoints, his colorful writing and factual anecdotes make "The Dollar Meltdown" an interesting read.
As its cover might imply, "The Dollar Meltdown" isn't a gentle introduction to the collapse of the dollar. Libertarians and Austrian school aficionados would feel most at ease with this book . Refreshingly, the nonpartisan author implicates both Democrats and Republicans as fiscal and monetary ne'er do gooders.
Goyette says "the body economic is shuddering from the relentless compulsions of meddlers."
As you'd expect with a talk show host, he's comfortable with polemics:
But he also does a good job of laying out the substantive argument for a currency crisis. Readers, for instance, find out that with the explosion of government borrowing and unfunded liabilities, U.S. debt now totals $1.3 million per family of four.
Read the entire review at DailyPaul.com HERE
Mish's Global Economic Trend Analysis, November 9, 2009
The Dollar Meltdown: Book Review
Congressman Ron Paul offers an opinion on the front cover to which I certainly concur: "Goyette does a great job explaining why America faces a looming financial crisis and outlines commonsense strategies for individuals to protect themselves and their families. This book truly is a must read."
Before publication, I read a preliminary copy which explains this quote on the back jacket "The Dollar Meltdown is the definitive guide to where we are, how we got here, and what the best investment opportunities are looking ahead, regardless of one's personal views on the raging inflation/deflation debate" - Mike "Mish" Shedlock
Others on the back jacket endorsing the book include Jim Rogers, Lew Rockwell, and Peter Schiff.
Step by step Goyette outlines Where we are, How we got here, and What to do. The book is a nice blend of facts, humor, and practicality. It is easy reading and very difficult to put down.
Each chapter begins with a few thought provoking quotes on which Charles expounds. Here is the kickoff to Chapter 7, How It Comes Down .
Today was Presidents' Day. Congress commemorated George Washington's throwing a dollar across the Potomac by throwing $780 billion down a rat hole. - Jay Leno, The Tonight Show
"I think there is a question mark over the durability of any power that relies as heavily as the United States on importing capital and borrowing from abroad." - Niall Ferguson
Doug French writing for LewRockwell.Com had this to say:
Monday Night, 10 p.m. PST. Charles will be on Coast to Coast AM George Noory to discuss his book and the coming currency crisis. The program will be broadcast live in every major city in the country. Please click here for a list of Coast To Coast Affiliate Stations .
George Noory is a fabulous talk show host as is Charles Goyette himself. This is one interview you will not want to miss.
LewRockwell.com, November 2, 2009
The current investment climate is more perilous than ever. The Federal Reserve's balance sheet continues to grow stuffed with the dubious paper purchased from the too-big-to-fail banks that are now wards of the state. The music stopped and there were no chairs, but the Fed and the Treasury snapped their fingers and trillions of dollars later the chairs appeared, the band played on and the banks live on. The taxpayers are now the not-so-proud owners of AIG, General Motors, Fannie and Freddie and dozens of banks. Where did the money come from? Out of thin air.
Every paper currency in history eventually reaches its intrinsic value – zero – and the Fed's Ben Bernanke is doing all he can to see that the dollar becomes worthless sooner rather than later. As Marc Faber told an investment conference crowd recently, Zimbabwe's serial inflator Robert Mugabe is Bernanke's mentor.
Investors live in the here and now. We can't pick what our investment climate will be. If only we could live our lives with the market deciding what money is and 100-percent reserve banks protected our money on deposit. No such luck. The financial waters are treacherous and we must navigate them.
Charles Goyette provides a roadmap for survival with his newly released book, The Dollar Meltdown: Surviving The Impending Currency Crisis With Gold, Oil, And Other Unconventional Investments. The former Phoenix radio talk-show host has learned from some of the brightest minds in economics and investing. It's the rare book that engagingly teaches sound economic theory, provides the history of how we got in this mess and then provides solid investment advice that considers the precarious times we live in. As ambitious as this sounds Goyette's fast-paced book gets it all done.
The author brings the reader up to speed writing about the bailouts and the nation's debt. After explaining why gold has been the market's choice for money for thousands of years, he writes about every saver and investor's nightmare – inflation – using the modern example of Mugabe's Zimbabwe, a once prosperous nation reduced to a Stone Age economy with the continuous printing of paper money. Everyone is a billionaire but nobody can buy anything.
Goyette looks to Murray Rothbard to explain the history of America's Federal Reserve and fractional reserve banking, and to Ludwig von Mises to see what the crack-up boom might look like. He makes the poignant point that hyper-inflation is not just something engendered in banana republics. Israel experienced triple-digit price inflation in the late 1970s and early 1980s.
Every once in a while dissatisfaction with the dollar makes the news, most recently with super model Gisele Bündchen demanding to be paid in euros rather than dollars. But the Brazilian bombshell was not the first. Goyette writes that Bette Midler demanded gold Krugerrands to perform overseas in the 1970's. No doubt the Devine Miss M was influenced by then manager and boyfriend Aaron Russo.
Ultimately inflation leads to a state-controlled economy and America is headed that way, evidenced by Washington picking which businesses survive and which are left to fail, not to mention how much executives – high level and low – can be paid. So what's a person to do? There is no academic hemming and hawing with Goyette and don't be looking for stock tips. The author suggests investing in real things and he especially likes the yellow metal. What's especially valuable is the primer he provides for buying physical gold – something that many people ask about.
All the other ways of investing in gold are addressed along with a separate discussion about silver. Goyette knows the whole energy independence chatter is nonsense and spends a chapter discussing what the world will not be living without in our lifetimes – oil.
Specifics are provided on how to invest in other commodities and what to invest in to take advantage of the coming bond market crash. Goyette's explanation of how volatility can eat up an investment in leveraged funds is especially helpful as well as his tip about TIPS.
For readers who want more information, the author's suggested readings at the end of the book will arm investors with ongoing market and economic knowledge.
At the book's end Goyette's sadness of America's loss of liberty is evident. He worries what will become of this country's prosperity and freedoms. But he doesn't waste time urging his readers to write their congressmen or elect the right people. It's too late for that. Protect your assets, get out of the dollar.
Doug French is president of the Ludwig von Mises Institute and associate editor for Liberty Watch Magazine . He is the author of Early Speculative Bubbles & Increases in the Money Supply .
Freedom's Phoenix, October 27, 2009
This Thursday, October 29, 2009, marks the release of a new book I highly recommend. If you have woken up to the feeling that something is terribly wrong with our economy, especially your economy. The main stream media is daily rushing to assure you that the worst is over and your life is getting better. If you want to know what is really happening to your savings, your earnings, your pensions and your country then don't walk, RUSH out and buy the new book, The Dollar Meltdown ! Written in easily understood prose, author and radio talk show host Charles Goyette presents his case on what is happening to the U.S. dollar, why it is happening, who is responsible and most importantly how you can survive it.
Charles Goyette brings three things to the table to devastate politicians and so called "bankers." First his wonderful organizational and communication skills that have served him well as both an orator and a writer. Second, his fantastic memory that pulls together decades of reports on governmental and corporate theft that has built up into the mess we inevitably will be forced to now live through. Third, his lifelong honest pursuit of the facts and at personal cost his willingness to stand against the lying politicians and corporate heads who only want to mislead people away from the truth of their looting....
Powell Gammill, Editor. Read the entire review HERE
FoxBusiness, October 9, 2009
For most traders, gold's surge upward has been directly tied to the downward spiral of the dollar. The U.S. Dollar Index, which tracks the dollar against a basket of major currencies, has fallen 13.7% from the early March lows, while gold has gained 11.1% in the same period.
The dollar has weakened primarily on investor concerns that the U.S. government has taken on too much debt – a record $1.4 trillion in the 2009 fiscal year alone, the non-partisan Congressional Budget Office said Wednesday. Combining this year's deficits with the previous years, the national debt now stands at more than $11.9 trillion.
For some investors, those enormous deficits are reason enough to put some money into hard assets like gold and other precious metals.
"The market is coming to a realization that both parties are unable to restrain spending, and that's going to only lead to a weak U.S. dollar in our future," said Charles Goyette, author of an upcoming book "The Dollar Meltdown."
The specter of inflation also concerns some investors, leading them into hard assets.
"...Charles Goyette, author of the forthcoming book "The Dollar Meltdown," said the long-term trend points to strong gold prices, if only because the U.S. dollar is now so weak and other nations are questioning the long-term use of the dollar as the effective international reserve currency."
Jeffrey R. Kosnett
Kiplinger's Personal Finance
Dear Mr. Kosnett
Thank you for taking note of my book The Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil, and Other Unconventional Investments, forthcoming in late October from Portfolio/Penguin.
By including me as a dollar critic along with those who "breathlessly hawk gold," you suggest to your readers that I am "plainly promoting" my own interest. If you are referring to a solvent government and a sound monetary system, I trust you mean promoting our mutual interest. If that is not your meaning, I would like to assure you that I do not sell gold or have any interest in any company that does. Nor do I have any such interest in the sale of oil, natural resources, agricultural commodities or the other vehicles I recommend for weathering an inevitable currency crisis.
Author, The Dollar Meltdown