Death of the Dollar By William F. Rickenbacker Arlington House, $4.95 William Rickenbacker is obviously a man who cannot resist a challenge. Two years ago he entered the great silver debate with the publication of Wooden Nickels, which proved to be the most lucid, timely, and prophetic work on the subject. Having successfully disposed of the silver question, Rickenbacker has now chosen to tackle the more complex and far-reaching subjects of gold and the dollar.
The message of Death of the Dollar is an alarming one: the economy of the United States is on the verge of collapse. The current crisis is the result of basic weaknesses in our international and domestic monetary and banking systems, compounded by the shortsighted, inflationary policies of politically motivated money managers. As inflation takes its toll and the gold outflow accelerates, our leaders will resort to increasingly desperate measures to control the economy and “save the dollar.” Their efforts will fail, the dollar and other currencies will be devalued in terms of gold, and the United States, along with its principal trading partners, will suffer a serious deflation, perhaps even depression.
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