An incisive look at what the authors see as the impending failure of established monetary systems.
In The Wizard of Oz, the imposing curtain was eventually pulled back to reveal a charade. According to authors MacDonald and Whitestone, a similar sham is at the heart of the world’s doomed economies. Western nations’ crumbling financial systems are part of an insidious trend that will, in the authors’ opinions, eventually lead to an explosion of the silver market. This trend is part of a paradigm shift away from paper currency, especially the ailing U.S. dollar. As evidence, the authors cite several nations that now favor physical gold as the preferred medium of exchange. A dubious central banking system, accompanied by bailouts for too-big-to-fail institutions, has produced a trust bubble for these traditional frameworks. The authors’ intend to “help wake people up” and navigate the tough times, particularly through investment in precious metals. First, the authors offer a textbook-like primer on the definition and role of money in history, which gives way to political—sometimes emotional—criticisms of the Federal Reserve Bank, mainstream media and their supportive “elites.” The conclusion is a call to action, ideally backed by a commodity more valuable than cash. MacDonald, the owner of a gold-focused website, sometimes parses his warnings like TV marketing. His fear is in earnest, though, as evidenced by deep historical, political and cultural knowledge. Some readers might be surprised to discover a longer history of globalism, as well as the fact that the Federal Bank is not really “federal.” MacDonald and Whitestone’s “no-excuses glimpse at the current state of things” is an insightful diversion from the usual left-versus-right political fare, another phenomenon they criticize. Discussion of the “enslavement of the masses by the few” will assuredly place the book in the sociologist’s conflict-theory category. However, the uneven citing of sources is problematic, especially for economic numbers and characterizations. A more robust bibliography would have bolstered credibility.
An engaging, provocative view of our economic climate.