Coast to Coast AM -
Live Nightly 1am-5am EST / 10pm-2am PST

shows

Meltdown of the Dollar

Date: 11-09-09
Host: George Noory
Guests: Charles Goyette, Michael Horn

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.

Related Articles

George Noory Hosts Radio Hall of Fame

George Noory served as the host for the Radio Hall of Fame 2009 Induction Ceremony this past weekend. Check out photos and video from the event.

Bumper Music

Bumper music from Monday November 09, 2009

most popular

coast mobile

iPhone / Android Users:
Our website is now optimized for small screen devices. Enjoy a better Coast experience with the browser of your mobile device.
Mobile Apps:
Our iPhone and Android apps are also available.

calendar

Check out our calendar for George Noory's public appearances in 2014.

e-newsletter

Sign up for our free CoastZone e-newsletter to receive exclusive daily articles.

twitter