How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It

Steve Forbes and Elizabeth Ames present a compelling—and controversial—argument about why a return to a sound dollar and a new gold standard are vital to a healthy global economy. Few topics are as misunderstood today as the subject of money. Since the U.S. abandoned a gold-linked dollar more than four decades ago, the world’s governments have slid into a dangerous ignorance of the fundamental monetary principles that guided the world’s most successful economies for centuries. Forbes and Ames show how today’s wrong-headed money policies—espoused and enacted by Obama and other heads of state around the world—are now setting the stage for a new global economic and social catastrophe that could rival the recent financial crisis and even the horrors of the 1930s. They also explain how the Bernanke/Yellen Federal Reserve and its unstable dollar policies have been accelerating our course toward disaster, and what we can do to stop it.

• The weak economic recovery
• Slower long-term growth and higher unemployment
• High food and fuel prices
• Declining mobility, greater inequality, and the destruction of personal wealth
• Increased volatility and currency crises
• Larger government with higher debt
• Lower levels of business innovation and entrepreneurship