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Monday, November 09, 2009 1:12 AM

The Dollar Meltdown: Book Review

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I had the pleasure of reading a final finished copy of The Dollar Meltdown by Charles Goyette this past week.

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.

"Don’t ask me where we’re going to find the money. I’m going to get it where Paulson found it”. - Charles Rangel, House Ways and Means Committee Chairman

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
Chapter 8, Toppling the Dollar, Your New World Order Is Waiting! begins with the following quotes for discussion.
"We have in many ways humiliated ourselves as a nation with some of the problems that have taken place here." - Henry Paulson, U.S. Treasury Secretary

"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
I started to write more excerpts but the problem was I ended up with pages from every chapter.

Doug French writing for LewRockwell.Com had this to say:
"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."
At first glance it may seem that Goyette's opinion and mine on the US dollar are dramatically different. However, I would like to point out that he gives no timeline for the collapse, only that a collapse will eventually occur if the US stays on this economic path. That is an idea I hope everyone agrees with.

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.

Mike "Mish" Shedlock
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