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This original edition of this book predicted the 2008 global economic collapse. The updated edition includes the original thinking and analysis along with updates that bring readers current with the continuing crisis.
- Sales Rank: #511440 in Books
- Published on: 2012-08-15
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .57" w x 6.00" l,
- Binding: Paperback
- 252 pages
Most helpful customer reviews
4 of 4 people found the following review helpful.
A Necessary Read for These Times
By bookfreak
Have you ever wondered how the U.S. and world economies have gotten the way they have?
This newly updated publication from international lecturer Darryl Schoon was quite an eye-opening read for me. Darryl Schoon carefully explains in layman's terms the history of gold, the US dollar and its convertibility to gold, and its crumbling stature as the world's reserve currency. He provides important details, such as the near dissipation of US gold tonnage in Fort Knox from at one time being the largest percentage ever held by any nation. The current holdings of Fort Knox is one of many examples of black-out of information American citizens have become accustomed to regarding our economic status.
As you might imagine, this book informs us of many historic accounts of greed, dishonorable behavior, and bullying that has escalated America's problems over the decades, and it's not accurate for us to just blame it all on the one in the Oval Office, as we are inclined to do. Yes, many of them have played a big part in this over the years, but that is not where the true power lies. Chills ran up my spine as I read about Dwight D. Eisenhower's attempt to warn the public all the way back in 1961 about "the military-industrial complex", a group of military and business interests so powerful that they threatened America's wealth and its freedoms if not stopped (well, they weren't stopped). Eisenhower gave this warning in his farewell address (included in the addendum of this book) at great peril to himself. After covering the history, Schoon explains many topics that tie in, such as OPEC, the Euro, Japan's economic history, the effects of 0% interest rates, Greenspan, Cheney, China's economy, key players in gold mining, etc.
Darryl Schoon's warning is strong - do not look to the government for help. This book is a very important read to help us wade through the old, broken rhetoric. What used to work for our parents won't work anymore - and we can't be ostriches with our heads in the sand about it. Many, many of us are living that experience right now - being poorly advised or hoping against hope that things will stabilize as everything falls apart around us and our retirement funds plummet. Well, after reading this book, I believe it can stabilize for each of us - we can even prosper - if we are educated on the history of this dilemma and willing to create a more personalized approach for ourselves, rather than following the old rhetoric out of fear. We must also learn to never allow this to happen to us again. There are many ground-breaking new systems out there in the world; we need to think anew.
I highly recommend this read so that you are more fully informed, because there is no question - the times they are a-changing.
2 of 2 people found the following review helpful.
ENLIGHTENING
By Phyllis C
As a media addict the history of how this financial crisis evolved was a mystery to me. After reading this book I understand. Our government didn't want us to know. Where did all the gold go? Time of the Vulture answered my questions. Knowing the history of this meltdown, the big concern remains. How do we protect our assests? We are told to buy gold. Daryn Robert Schoon's wise counsel includes information in that regard as well as other pointers for investing. In addition, he provides a Gold List of Financial Advisors we can trust. This book is a must read for all concerned about their financial welfare as well as that of our nation.
2 of 2 people found the following review helpful.
Feb 2013 Review - Time of the Vulture
By MM
I am LOVING the book. I am trying to savour it and read it slowly while pondering the severe and real catastrophe that lies ahead. Darryl's style of writing just flows so well and has painted a picture that seems as true (or more) today than 6 years ago when the first edition was printed. Some of the historical facts are just fascinating to me, stuff I (and many) would likely have never been aware of. The 2012 updates make the book feel even more fresh and relevant. Listening to Mr. Bernanke speak this afternoon and watching the Kitco gold chart go vertical just reaffirmed my commitment to following the strategy I am on now.
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