The Impending Monetary Revolution, The Dollar and Gold
By: Edmund Contoski
Publisher: American Liberty Publishers
Publication Date: 2012
Reviewed by: Diane Lunsford
Review Date: April 26, 2013
Edmund Contoski delivers riveting insights that are soundly supported by facts in his latest economic body of work: The Impending Monetary Revolution, The Dollar and Gold.
The opening chapter "Beginnings of the Crisis" sets the tone of the vast differences between the European financial system and its contrast to U.S. systems. In his words: "It began in a small country-Greece has only 11 million people-but it led to revelations of international financial vulnerabilities that are overturning the monetary system of the world..." Mr. Contoski gains momentum with a basic explanation of how European financial stability began to unravel with Greece. As part of the euro zone, Greece cannot inflate its own currency. It is one of 17 European nations utilizing one currency (the euro), whose money supply is determined by the European Central Bank. Conversely, the U.S. dollar is the world's reserve currency which translates to the U.S. being "...the only country in the world that can pay back its borrowings by simply printing more of its own money..."
There is a natural cadence and logical procession to the information Contoski delivers-the cadence accredited to his use of simple terminology supported by powerful context and facts. The logical procession is carefully laid out in basic economics again, supported by statistical and historical data. This book tracks the monetary history trail by explaining the development, manipulation, failures and ultimate quest for alternatives to the dollar as it segues into the introduction and importance of gold. There are many indicators through Contoski's research that support the world's quest for alternatives to the dollar. This book is not over-infused with statistics or scare tactics. Rather, there is a confident message that resonates as Contoski often cites our founding document, The Declaration of Independence, and the importance of man to be able to exercise his "...unalienable rights, that among these are Life, Liberty and the Pursuit of Happiness..."
The greatest ability I embrace to this day is not only to have learned how to read, but my inherent love of reading. I am honored to render my review of Mr. Contoski's book for a multitude of reasons. Overall, I commend him because economics has never been one of my strengths. However, after reading The Impending Monetary Revolution, The Dollar and Gold, I want to thank Mr. Contoski. Due to his agility and skill toward word placement (coupled with a tremendous knowledge of his topic), Mr. Contoski has taken the complex subject of finance and economics, laid it out across a mere couple of hundred pages and left me with an unbelievable sense of understanding the topic. His thoroughness in opening the camera lens beyond the economic constraints within the United States to incorporate a global perspective for the reader is fascinating and well documented. I say bravo for the work you put into writing this book Mr. Contoski! The end result is an extremely compelling and informative body of work.
Quill says: The Impending Monetary Revolution, The Dollar and Gold is an informative and insightful read that focuses on the importance of owning accountability and the fix versus continuing down the well-traveled road of who to blame next.