How the Coming Global Crash Will Create a Historic Gold Rush

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· Post Hill Press
电子书
315

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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.

作者简介

Dean Heskin is the president and CEO of Swiss America Trading Company. As an account executive, he started with the firm in 1992 and was named CEO in 2012. Mr. Heskin’s opinions and perspectives have been sought for nearly thirty years in interviews with Fox News, The Wilkow Majority, The Wayne Allyn Root Show, CBS MarketWatch, Off the Grid, and Real Money Perspectives. Mr. Heskin lives with his family in Scottsdale, Arizona.

Jerome R. Corsi has published over thirty books on economics, history, and politics, including six New York Times bestsellers, two at number one. From 2004 to 2016, Dr. Corsi was a senior editor at WorldNetDaily.com, where he authored hundreds of articles. Dr. Corsi has worked with Swiss America for nearly twenty years, dating back to 2004, coauthoring with Craig R. Smith, the founder of Swiss America, a book entitled Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil. Swiss America is a founding sponsor of Dr. Corsi’s new website and podcast, TheTruthCentral.com.

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