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The skyrocketing rise in paper assets of the Federal Reserve, shown on the cover of this, the second edition of The Impending Monetary Revolution, the Dollar and Gold, portends an ominous future. This book explains factors, including international ones, that brought us to this point and what must be done to stop impoverishing Americans through monetary manipulations and restore a sound currency.
Arthur Laffer, Ph.D., “the father of supply-side economics,” said
The Impending Monetary Revolution, the Dollar and Gold is “a ray of sunshine in an otherwise bleak world … [of] fiscal cliffs, uncontrolled money creation, all you can eat for a buck healthcare, and European ‘I owe you nothings.’” And Kirkus Review promises “Disciples of Ayn Rand will cheer Contoski’s latest work.”
American politicians have debauched the currency for agendas contrary to our Constitution and to get themselves elected. And the Federal Reserve has provided a means of financing uneconomic political agendas and pushing the costs onto future generations. But debt and credit cannot expand forever, as America’s housing/mortgage bubble demonstrated. When the credit bubble bursts, hard times must follow.
Eventually sound money will return, because it is necessary. It will be gold because of its intrinsic characteristics and because no government has an unlimited supply of it to keep reckless borrowing and spending growing indefinitely.
For more praise for The Impending Monetary Revolution, the Dollar and Gold, click the Critical Acclaim link at left. You can read the Feathered Quill‘s interview with Contoski here: http://www.amlibpub.com/feathered-quill-interview-2013-05.html