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Home > Shows > Meltdown of the Dollar
Meltdown of the Dollar
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Date: |
11-09-09 |
Host: |
George Noory |
Guests: |
Longtime financial professional Charles Goyette discussed the continued devaluation of the U.S. dollar, and how he sees this crisis unfolding for the average American. Over the years, the dollar has lost 96% of its purchasing power, he said, and the current rise in the price of gold reflects the fall of US currency. America has a staggering amount of debt--$1.3 million for every family; these debts will be accrued in some manner-- typically by fleecing the middle class, he warned.
The U.S. is moving away from being a "free economy" which depends on agreement and produces prosperity, Goyette noted. Instead, we're seeing a movement toward a "command economy, " he said, which produces shortages, and is run by "coercion," with resources, production, and consumption directed by a central command such as boards, commissions, and administrators. What has been taking place in industries such as insurance, automotive, banking, and health care are all examples of the "command economy," he detailed.
While credit card companies are slashing people's credit and forcing them to save, banks aren't offering any incentive for savers with their low return rates, he reported. As the dollar continues to be worth less, Goyette advised people to put some of their investments in gold and silver, and also consider other opportunities such as agricultural and natural resources.
Billy Meier Update
Last hour guest, US media representative for the Billy Meier contacts, Michael Horn, talked about new evidence for the authenticity of Meier's UFO photos, as well as some of Meier's prophetic statements, like his warning about climate change that he made in 1951.
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Bumper Music
Bumper music from Monday November 09, 2009
| 1. | Midnight Express (The Chase) Giorgio Moroder |
2. | Ghost Dance Cusco |
3. | Money Beatles |
| 4. | The Magnificent Seven The Clash |
5. | Money Pink Floyd |
6. | When You Come Back to Me World Party |
| 7. | You Never Give Me Your Money Beatles |
8. | Right Now Van Halen |
9. | For the Love of Money O'Jays |
| 10. | Red Sector A Rush |
11. | Money, Money, Money ABBA |
12. | Jessica Allman Brothers Band |
| 13. | Hypnotized Fleetwood Mac |
14. | Protection Massive Attack |
15. | High Hopes Frank Sinatra |
| 16. | Inca Dance Cusco |
