Author: Jerome R. Corsi
Publisher: Post Hill Press
ISBN: 1637580517
Category : Technology & Engineering
Languages : en
Pages : 370
Book Description
It is estimated that Americans consume more than 25 percent of the world's oil but have control over less than 3 percent of its proven supply. This extremely unbalanced pattern of consumption makes it possible for foreign governments, corrupt political leaders, terrorist organizations, and oil conglomerates to place the citizens of the United States in a stranglehold of supply and demand. There is no greater proof of this than the direct relationship between skyrocketing gas prices and the exploding wealth of those who control the supply of oil. In Black Gold Stranglehold, Jerome R. Corsi and Craig R. Smith expose the fraudulent science that has been sold to the American people in order to enslave them: the belief that oil is a fossil fuel and a finite resource. On the contrary, this book presents authoritative research, currently known mostly in the scientific community, that oil is not a product of decaying dinosaurs and prehistoric forests. Rather, it is a natural product of the earth. The scientific evidence cited by Corsi and Smith suggests that oil is constantly being produced by the earth, far below the planet's surface, and that it is brought to attainable depths by the centrifugal forces of the earth's rotation. In great detail Corsi and Smith explore the international and domestic politics of oil production and consumption. This includes the wealth and power of major oil conglomerates, the manipulation of world economies by oil-producing states and rogue terrorist regimes, and the political agenda of radical environmentalists and conservationists who obstruct the use of oil reserves currently controlled by the U.S. government. The authors offer an understanding of the dangerous situation America faces because its currency is no longer tied to any precious and truly scarce metals such as gold, as it was until 1973. This situation could easily lead to the devastation of the U.S. economy if Middle Eastern countries are able to enact current plans to accept only the Euro or gold-backed currencies such as the Gold Dinar instead of the U.S. dollar as the standard currency for oil. Black Gold Stranglehold will dramatically change the debate about oil. The significance of its message is sure to cause thoughtful people to reconsider the current dependence of the U.S. economy on imported oil.
Black Gold Stranglehold
Author: Jerome R. Corsi
Publisher: Post Hill Press
ISBN: 1637580517
Category : Technology & Engineering
Languages : en
Pages : 370
Book Description
It is estimated that Americans consume more than 25 percent of the world's oil but have control over less than 3 percent of its proven supply. This extremely unbalanced pattern of consumption makes it possible for foreign governments, corrupt political leaders, terrorist organizations, and oil conglomerates to place the citizens of the United States in a stranglehold of supply and demand. There is no greater proof of this than the direct relationship between skyrocketing gas prices and the exploding wealth of those who control the supply of oil. In Black Gold Stranglehold, Jerome R. Corsi and Craig R. Smith expose the fraudulent science that has been sold to the American people in order to enslave them: the belief that oil is a fossil fuel and a finite resource. On the contrary, this book presents authoritative research, currently known mostly in the scientific community, that oil is not a product of decaying dinosaurs and prehistoric forests. Rather, it is a natural product of the earth. The scientific evidence cited by Corsi and Smith suggests that oil is constantly being produced by the earth, far below the planet's surface, and that it is brought to attainable depths by the centrifugal forces of the earth's rotation. In great detail Corsi and Smith explore the international and domestic politics of oil production and consumption. This includes the wealth and power of major oil conglomerates, the manipulation of world economies by oil-producing states and rogue terrorist regimes, and the political agenda of radical environmentalists and conservationists who obstruct the use of oil reserves currently controlled by the U.S. government. The authors offer an understanding of the dangerous situation America faces because its currency is no longer tied to any precious and truly scarce metals such as gold, as it was until 1973. This situation could easily lead to the devastation of the U.S. economy if Middle Eastern countries are able to enact current plans to accept only the Euro or gold-backed currencies such as the Gold Dinar instead of the U.S. dollar as the standard currency for oil. Black Gold Stranglehold will dramatically change the debate about oil. The significance of its message is sure to cause thoughtful people to reconsider the current dependence of the U.S. economy on imported oil.
Publisher: Post Hill Press
ISBN: 1637580517
Category : Technology & Engineering
Languages : en
Pages : 370
Book Description
It is estimated that Americans consume more than 25 percent of the world's oil but have control over less than 3 percent of its proven supply. This extremely unbalanced pattern of consumption makes it possible for foreign governments, corrupt political leaders, terrorist organizations, and oil conglomerates to place the citizens of the United States in a stranglehold of supply and demand. There is no greater proof of this than the direct relationship between skyrocketing gas prices and the exploding wealth of those who control the supply of oil. In Black Gold Stranglehold, Jerome R. Corsi and Craig R. Smith expose the fraudulent science that has been sold to the American people in order to enslave them: the belief that oil is a fossil fuel and a finite resource. On the contrary, this book presents authoritative research, currently known mostly in the scientific community, that oil is not a product of decaying dinosaurs and prehistoric forests. Rather, it is a natural product of the earth. The scientific evidence cited by Corsi and Smith suggests that oil is constantly being produced by the earth, far below the planet's surface, and that it is brought to attainable depths by the centrifugal forces of the earth's rotation. In great detail Corsi and Smith explore the international and domestic politics of oil production and consumption. This includes the wealth and power of major oil conglomerates, the manipulation of world economies by oil-producing states and rogue terrorist regimes, and the political agenda of radical environmentalists and conservationists who obstruct the use of oil reserves currently controlled by the U.S. government. The authors offer an understanding of the dangerous situation America faces because its currency is no longer tied to any precious and truly scarce metals such as gold, as it was until 1973. This situation could easily lead to the devastation of the U.S. economy if Middle Eastern countries are able to enact current plans to accept only the Euro or gold-backed currencies such as the Gold Dinar instead of the U.S. dollar as the standard currency for oil. Black Gold Stranglehold will dramatically change the debate about oil. The significance of its message is sure to cause thoughtful people to reconsider the current dependence of the U.S. economy on imported oil.
The Shroud Codex
Author: Jerome R. Corsi
Publisher: Simon and Schuster
ISBN: 1439190453
Category : Fiction
Languages : en
Pages : 356
Book Description
After a New Jersey priest has a near-death experience he begins to resemble the image depicted on the Shroud of Turin, prompting a skeptical Vatican representative to investigate the claim and subsequently question the assumptions he has held for so long. THE PRIEST… Brought back to life on an operating room table, Father Paul Bartholomew is haunted by visions of Christ as Golgotha. Then, as he celebrates Mass, blood starts running down his arms. The horrified congregation watches him collapse, his vestments soaked in the blood pouring from wounds on his wrists. Mysteriously, he now resembles in almost every physical aspect the Christ-like figure represented on the Shroud of Turin. THE SKEPTICS… Worried lest Bartholomew’s case be proved a hoax, the Vatican employs two prominent scientists to investigate. Dr. Stephen Castle, an American psychiatrist, is renowned for his book arguing that religion is a figment of human imagination. Professor Marco Gabrielli, an Italian religious researcher and chemist, has made a career of debunking supposed miracles, of explaining the unexplainable. THE MIRACLE… For centuries, the Shroud of Turin has defied science. Is this ancient remnant truly Christ’s burial cloth, or the biggest fraud ever perpetrated? When the priest’s uncanny resemblance to the picture on the Shroud prompts Castle and Gabrielli to investigate the artifact itself, each is finally forced to face mysteries reason alone cannot explain—in a journey of discovery that plumbs the farthest reaches of science and the human spirit.
Publisher: Simon and Schuster
ISBN: 1439190453
Category : Fiction
Languages : en
Pages : 356
Book Description
After a New Jersey priest has a near-death experience he begins to resemble the image depicted on the Shroud of Turin, prompting a skeptical Vatican representative to investigate the claim and subsequently question the assumptions he has held for so long. THE PRIEST… Brought back to life on an operating room table, Father Paul Bartholomew is haunted by visions of Christ as Golgotha. Then, as he celebrates Mass, blood starts running down his arms. The horrified congregation watches him collapse, his vestments soaked in the blood pouring from wounds on his wrists. Mysteriously, he now resembles in almost every physical aspect the Christ-like figure represented on the Shroud of Turin. THE SKEPTICS… Worried lest Bartholomew’s case be proved a hoax, the Vatican employs two prominent scientists to investigate. Dr. Stephen Castle, an American psychiatrist, is renowned for his book arguing that religion is a figment of human imagination. Professor Marco Gabrielli, an Italian religious researcher and chemist, has made a career of debunking supposed miracles, of explaining the unexplainable. THE MIRACLE… For centuries, the Shroud of Turin has defied science. Is this ancient remnant truly Christ’s burial cloth, or the biggest fraud ever perpetrated? When the priest’s uncanny resemblance to the picture on the Shroud prompts Castle and Gabrielli to investigate the artifact itself, each is finally forced to face mysteries reason alone cannot explain—in a journey of discovery that plumbs the farthest reaches of science and the human spirit.
Rebuilding America
Author: J. Kenneth Blackwell
Publisher: Cumberland House
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
Book Description
In direct challenge to the liberal political thinking that built the welfare state, Blackwell, the future Ohio gubernatorial candidate, and Corsi have developed a blueprint for a new War on Poverty.
Publisher: Cumberland House
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
Book Description
In direct challenge to the liberal political thinking that built the welfare state, Blackwell, the future Ohio gubernatorial candidate, and Corsi have developed a blueprint for a new War on Poverty.
The Enduring Legacy
Author: Miguel Tinker Salas
Publisher: Duke University Press
ISBN: 0822392232
Category : History
Languages : en
Pages : 344
Book Description
Oil has played a major role in Venezuela’s economy since the first gusher was discovered along Lake Maracaibo in 1922. As Miguel Tinker Salas demonstrates, oil has also transformed the country’s social, cultural, and political landscapes. In The Enduring Legacy, Tinker Salas traces the history of the oil industry’s rise in Venezuela from the beginning of the twentieth century, paying particular attention to the experiences and perceptions of industry employees, both foreign and Venezuelan. He reveals how class ambitions and corporate interests combined to reshape many Venezuelans’ ideas of citizenship. Middle-class Venezuelans embraced the oil industry from the start, anticipating that it would transform the country by introducing modern technology, sparking economic development, and breaking the landed elites’ stranglehold. Eventually Venezuelan employees of the industry found that their benefits, including relatively high salaries, fueled loyalty to the oil companies. That loyalty sometimes trumped allegiance to the nation-state. North American and British petroleum companies, seeking to maintain their stakes in Venezuela, promoted the idea that their interests were synonymous with national development. They set up oil camps—residential communities to house their workers—that brought Venezuelan employees together with workers from the United States and Britain, and eventually with Chinese, West Indian, and Mexican migrants as well. Through the camps, the companies offered not just housing but also schooling, leisure activities, and acculturation into a structured, corporate way of life. Tinker Salas contends that these practices shaped the heart and soul of generations of Venezuelans whom the industry provided with access to a middle-class lifestyle. His interest in how oil suffused the consciousness of Venezuela is personal: Tinker Salas was born and raised in one of its oil camps.
Publisher: Duke University Press
ISBN: 0822392232
Category : History
Languages : en
Pages : 344
Book Description
Oil has played a major role in Venezuela’s economy since the first gusher was discovered along Lake Maracaibo in 1922. As Miguel Tinker Salas demonstrates, oil has also transformed the country’s social, cultural, and political landscapes. In The Enduring Legacy, Tinker Salas traces the history of the oil industry’s rise in Venezuela from the beginning of the twentieth century, paying particular attention to the experiences and perceptions of industry employees, both foreign and Venezuelan. He reveals how class ambitions and corporate interests combined to reshape many Venezuelans’ ideas of citizenship. Middle-class Venezuelans embraced the oil industry from the start, anticipating that it would transform the country by introducing modern technology, sparking economic development, and breaking the landed elites’ stranglehold. Eventually Venezuelan employees of the industry found that their benefits, including relatively high salaries, fueled loyalty to the oil companies. That loyalty sometimes trumped allegiance to the nation-state. North American and British petroleum companies, seeking to maintain their stakes in Venezuela, promoted the idea that their interests were synonymous with national development. They set up oil camps—residential communities to house their workers—that brought Venezuelan employees together with workers from the United States and Britain, and eventually with Chinese, West Indian, and Mexican migrants as well. Through the camps, the companies offered not just housing but also schooling, leisure activities, and acculturation into a structured, corporate way of life. Tinker Salas contends that these practices shaped the heart and soul of generations of Venezuelans whom the industry provided with access to a middle-class lifestyle. His interest in how oil suffused the consciousness of Venezuela is personal: Tinker Salas was born and raised in one of its oil camps.
Voodoo Histories
Author: David Aaronovitch
Publisher: Penguin
ISBN: 110118521X
Category : History
Languages : en
Pages : 407
Book Description
"Meticulous in its research, forensic in its reasoning, robust in its argument, and often hilarious in its debunking... a highly entertaining rumble with the century's major conspiracy theorists and their theories." --John Lahr, National Book Critics Circle Award-winning author of Tennessee Williams From an award-winning journalist, a history so funny, so true, so scary, it's bound to be called a conspiracy. Our age is obsessed by the idea of conspiracy. We see it everywhere- from Pearl Harbor to 9/11, from the assassination of Kennedy to the death of Diana. In this age of terrorism we live in, the role of conspiracy is a serious one, one that can fuel radical or fringe elements to violence. For David Aaronovitch, there came a time when he started to see a pattern among these inflammatory theories. these theories used similarly murky methods with which to insinuate their claims: they linked themselves to the supposed conspiracies of the past (it happened then so it can happen now); they carefully manipulated their evidence to hide its holes; they relied on the authority of dubious academic sources. Most important, they elevated their believers to membership of an elite- a group of people able to see beyond lies to a higher reality. But why believe something that entails stretching the bounds of probability so far? In this entertaining and enlightening book, he examines why people believe conspiracy theories, and makes an argument for a true skepticism: one based on a thorough knowledge of history and a strong dose of common sense.
Publisher: Penguin
ISBN: 110118521X
Category : History
Languages : en
Pages : 407
Book Description
"Meticulous in its research, forensic in its reasoning, robust in its argument, and often hilarious in its debunking... a highly entertaining rumble with the century's major conspiracy theorists and their theories." --John Lahr, National Book Critics Circle Award-winning author of Tennessee Williams From an award-winning journalist, a history so funny, so true, so scary, it's bound to be called a conspiracy. Our age is obsessed by the idea of conspiracy. We see it everywhere- from Pearl Harbor to 9/11, from the assassination of Kennedy to the death of Diana. In this age of terrorism we live in, the role of conspiracy is a serious one, one that can fuel radical or fringe elements to violence. For David Aaronovitch, there came a time when he started to see a pattern among these inflammatory theories. these theories used similarly murky methods with which to insinuate their claims: they linked themselves to the supposed conspiracies of the past (it happened then so it can happen now); they carefully manipulated their evidence to hide its holes; they relied on the authority of dubious academic sources. Most important, they elevated their believers to membership of an elite- a group of people able to see beyond lies to a higher reality. But why believe something that entails stretching the bounds of probability so far? In this entertaining and enlightening book, he examines why people believe conspiracy theories, and makes an argument for a true skepticism: one based on a thorough knowledge of history and a strong dose of common sense.
Minutemen
Author: Jim Gilchrist
Publisher: WND Books
ISBN: 0977898415
Category : Law
Languages : en
Pages : 405
Book Description
This book is a first-hand account from the frontlines, and what it says will shock you. Jim Gilchrist teams up with Jerome Corsi, the co-author of Unfit for Command - the book that derailed John Kerry's presidential campaign - to describe in vivid detail how the nation's southern border has disintegrated into a Wild West of human trafficking, drug smuggling, and violent gangs. Readers of this disturbing and timely book will learn how: Mexico encourages the mass emigration of millions of impoverished peasants, and why the Mexican government will stop at nothing to keep the border open; The Catholic Church uses its power and influence to subvert immigration laws, and why Church leaders are speaking out in favor of amnesty; American taxpayers are forced to pay the staggering economic and cultural price tag of illegal immigration, and why our government wants to keep the true costs hidden from the public. Like their Revolutionary War predecessors who defended America against a hostile foreign power, today's Minutemen have risen up to answer their nation's call against another invasion. Minutemen is their story, as well as an urgent call to arms to all of their countrymen.
Publisher: WND Books
ISBN: 0977898415
Category : Law
Languages : en
Pages : 405
Book Description
This book is a first-hand account from the frontlines, and what it says will shock you. Jim Gilchrist teams up with Jerome Corsi, the co-author of Unfit for Command - the book that derailed John Kerry's presidential campaign - to describe in vivid detail how the nation's southern border has disintegrated into a Wild West of human trafficking, drug smuggling, and violent gangs. Readers of this disturbing and timely book will learn how: Mexico encourages the mass emigration of millions of impoverished peasants, and why the Mexican government will stop at nothing to keep the border open; The Catholic Church uses its power and influence to subvert immigration laws, and why Church leaders are speaking out in favor of amnesty; American taxpayers are forced to pay the staggering economic and cultural price tag of illegal immigration, and why our government wants to keep the true costs hidden from the public. Like their Revolutionary War predecessors who defended America against a hostile foreign power, today's Minutemen have risen up to answer their nation's call against another invasion. Minutemen is their story, as well as an urgent call to arms to all of their countrymen.
Black Gold and Blackmail
Author: Rosemary A. Kelanic
Publisher: Cornell University Press
ISBN: 150174920X
Category : Political Science
Languages : en
Pages : 156
Book Description
Black Gold and Blackmail seeks to explain why great powers adopt such different strategies to protect their oil access from politically motivated disruptions. In extreme cases, such as Imperial Japan in 1941, great powers fought wars to grab oil territory in anticipation of a potential embargo by the Allies; in other instances, such as Germany in the early Nazi period, states chose relatively subdued measures like oil alliances or domestic policies to conserve oil. What accounts for this variation? Fundamentally, it is puzzling that great powers fear oil coercion at all because the global market makes oil sanctions very difficult to enforce. Rosemary A. Kelanic argues that two variables determine what strategy a great power will adopt: the petroleum deficit, which measures how much oil the state produces domestically compared to what it needs for its strategic objectives; and disruptibility, which estimates the susceptibility of a state's oil imports to military interdiction—that is, blockade. Because global markets undercut the effectiveness of oil sanctions, blockade is in practice the only true threat to great power oil access. That, combined with the devastating consequences of oil deprivation to a state's military power, explains why states fear oil coercion deeply despite the adaptive functions of the market. Together, these two variables predict a state's coercive vulnerability, which determines how willing the state will be to accept the costs and risks attendant on various potential strategies. Only those great powers with large deficits and highly disruptible imports will adopt the most extreme strategy: direct control of oil through territorial conquest.
Publisher: Cornell University Press
ISBN: 150174920X
Category : Political Science
Languages : en
Pages : 156
Book Description
Black Gold and Blackmail seeks to explain why great powers adopt such different strategies to protect their oil access from politically motivated disruptions. In extreme cases, such as Imperial Japan in 1941, great powers fought wars to grab oil territory in anticipation of a potential embargo by the Allies; in other instances, such as Germany in the early Nazi period, states chose relatively subdued measures like oil alliances or domestic policies to conserve oil. What accounts for this variation? Fundamentally, it is puzzling that great powers fear oil coercion at all because the global market makes oil sanctions very difficult to enforce. Rosemary A. Kelanic argues that two variables determine what strategy a great power will adopt: the petroleum deficit, which measures how much oil the state produces domestically compared to what it needs for its strategic objectives; and disruptibility, which estimates the susceptibility of a state's oil imports to military interdiction—that is, blockade. Because global markets undercut the effectiveness of oil sanctions, blockade is in practice the only true threat to great power oil access. That, combined with the devastating consequences of oil deprivation to a state's military power, explains why states fear oil coercion deeply despite the adaptive functions of the market. Together, these two variables predict a state's coercive vulnerability, which determines how willing the state will be to accept the costs and risks attendant on various potential strategies. Only those great powers with large deficits and highly disruptible imports will adopt the most extreme strategy: direct control of oil through territorial conquest.
The Despot's Apprentice
Author: Brian Klaas
Publisher: Oxford University Press
ISBN: 1849049432
Category : Biography & Autobiography
Languages : en
Pages : 334
Book Description
Donald Trump isn't a despot. But he is increasingly acting like a despot's apprentice. Whether it's attacking the press, threatening the rule of law, or staffing the White House with family members and cronies, Trump is borrowing moves from the world's dictators. The president's bizarre adoration of global strongmen has also transformed US foreign policy into a powerful force cheerleading some of the world's worst regimes. An expert on authoritarianism, Brian Klaas is well placed to recognise the warning signs of tyranny. He argues forcefully that with every autocratic tactic or tweet, Trump further erodes democratic norms in the world's most powerful democracy. The Despot's Apprentice is an urgent exploration of the unique threat that Trump poses to global democracy--and how to save it from him before it's too late.
Publisher: Oxford University Press
ISBN: 1849049432
Category : Biography & Autobiography
Languages : en
Pages : 334
Book Description
Donald Trump isn't a despot. But he is increasingly acting like a despot's apprentice. Whether it's attacking the press, threatening the rule of law, or staffing the White House with family members and cronies, Trump is borrowing moves from the world's dictators. The president's bizarre adoration of global strongmen has also transformed US foreign policy into a powerful force cheerleading some of the world's worst regimes. An expert on authoritarianism, Brian Klaas is well placed to recognise the warning signs of tyranny. He argues forcefully that with every autocratic tactic or tweet, Trump further erodes democratic norms in the world's most powerful democracy. The Despot's Apprentice is an urgent exploration of the unique threat that Trump poses to global democracy--and how to save it from him before it's too late.
Who Really Killed Kennedy?
Author: Jerome Corsi
Publisher: Post Hill Press
ISBN: 1637580436
Category : Political Science
Languages : en
Pages : 462
Book Description
Almost nothing gives rise to more national intrigue than the murder of an American president. And on November 22, 2013, the nation remembered the 50th anniversary of one of the most traumatic events in modern American history, the assassination of President John F. Kennedy. From day one, the truth behind JFK’s assassination has been mired in controversy and dispute. The Warren Commission, established just seven days after Kennedy’s death, delved into the who, what, when, and where of the tragedy, and over the course of the following year compiled an 889-page report that arrived at the now widely contested conclusion: Lee Harvey Oswald was the sole assassin. In Who Really Killed Kennedy?, No. 1 New York Times best-selling author Jerome R. Corsi, Ph.D., provides readers with the ultimate JFK assassination theory book.
Publisher: Post Hill Press
ISBN: 1637580436
Category : Political Science
Languages : en
Pages : 462
Book Description
Almost nothing gives rise to more national intrigue than the murder of an American president. And on November 22, 2013, the nation remembered the 50th anniversary of one of the most traumatic events in modern American history, the assassination of President John F. Kennedy. From day one, the truth behind JFK’s assassination has been mired in controversy and dispute. The Warren Commission, established just seven days after Kennedy’s death, delved into the who, what, when, and where of the tragedy, and over the course of the following year compiled an 889-page report that arrived at the now widely contested conclusion: Lee Harvey Oswald was the sole assassin. In Who Really Killed Kennedy?, No. 1 New York Times best-selling author Jerome R. Corsi, Ph.D., provides readers with the ultimate JFK assassination theory book.
How the Coming Global Crash Will Create a Historic Gold Rush
Author: Dean Heskin
Publisher: Post Hill Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 174
Book Description
How the Coming Global Crash Will Create a Historic Gold Rush demonstrates the causal relationship between a deep economic crisis and a historical increase in the price of gold. Through the last years of his presidency, Jimmy Carter struggled with the legacy of the OPEC oil embargo causing large lines at the gas pump to pay surging gasoline costs. After the 1973 embargo, the price of oil quadrupled, forcing the United States into a deep recession that lasted into 1975. Gold surged during this period of stagflation, the unusual economic condition in which stagnant economic growth and high inflation coincide. In 1980, when Ronald Reagan was elected president, gold hit a high of $843/ounce. In 2008–2009, the collapse of the subprime mortgage market and the bursting of the real estate bubble caused a Great Recession in which prestigious financial institutions failed across the globe and serious investors poured their money into gold to maintain their total asset value. In 2010, gold’s price hit a high of $1,426/ounce. In the wake of the economic collapse caused by the COVID-19 lockdown, gold hit a yearly high of $2,058.40 in 2020, on the way to an all-time high of $2,074.60 on March 8, 2022. The global economy faces an economic meltdown in 2023, the magnitude of which we have not seen since the Great Depression in the 1930s. When the bubble in hedge funds and derivative contracts bursts, financial institutions worldwide will have to absorb billions and possibly even trillions of dollars in losses, an amount of money almost inconceivable in any other era of global financial history. In this book, Dean Heskin and Jerome R. Corsi explain the reality of 2022–2023: the dollar may collapse, and mounting unemployment and plummeting property values may accelerate the near disappearance of the middle class. In the dystopian world we are entering, gold and silver may be the only “money” that will hold its value.
Publisher: Post Hill Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 174
Book Description
How the Coming Global Crash Will Create a Historic Gold Rush demonstrates the causal relationship between a deep economic crisis and a historical increase in the price of gold. Through the last years of his presidency, Jimmy Carter struggled with the legacy of the OPEC oil embargo causing large lines at the gas pump to pay surging gasoline costs. After the 1973 embargo, the price of oil quadrupled, forcing the United States into a deep recession that lasted into 1975. Gold surged during this period of stagflation, the unusual economic condition in which stagnant economic growth and high inflation coincide. In 1980, when Ronald Reagan was elected president, gold hit a high of $843/ounce. In 2008–2009, the collapse of the subprime mortgage market and the bursting of the real estate bubble caused a Great Recession in which prestigious financial institutions failed across the globe and serious investors poured their money into gold to maintain their total asset value. In 2010, gold’s price hit a high of $1,426/ounce. In the wake of the economic collapse caused by the COVID-19 lockdown, gold hit a yearly high of $2,058.40 in 2020, on the way to an all-time high of $2,074.60 on March 8, 2022. The global economy faces an economic meltdown in 2023, the magnitude of which we have not seen since the Great Depression in the 1930s. When the bubble in hedge funds and derivative contracts bursts, financial institutions worldwide will have to absorb billions and possibly even trillions of dollars in losses, an amount of money almost inconceivable in any other era of global financial history. In this book, Dean Heskin and Jerome R. Corsi explain the reality of 2022–2023: the dollar may collapse, and mounting unemployment and plummeting property values may accelerate the near disappearance of the middle class. In the dystopian world we are entering, gold and silver may be the only “money” that will hold its value.