Faith Books23
The Great Gold Comeback: Bankruptcy of the Welfare State by James R. Cook (Very Good, 2021, Pbk, 239 pgs)
The Great Gold Comeback: Bankruptcy of the Welfare State by James R. Cook (Very Good, 2021, Pbk, 239 pgs)
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In very good condition: cover has slight wear; pages are unmarked. ISBN 9780692035665
Cook predicts a massive economic “meltdown” driven by unsustainable national debt, consumer credit overload, and a declining dollar. He contends that in such a crisis, gold will regain its historic role as a safeguard against currency devaluation and financial instability.
Historical Precedent: The 1933 Gold Confiscation - A significant portion of the book examines President Franklin D. Roosevelt’s 1933 Executive Order, which required Americans to surrender their gold holdings to the government. Cook details how this move was part of a broader shift toward centralized economic control and the early foundations of the welfare state. He highlights the legal and moral implications of this confiscation, including prison sentences for noncompliance.
Critique of the Welfare State - Beyond economics, the book functions as a broader editorial on societal decay, criticizing the welfare state as morally and financially unsustainable. Cook argues that government involvement in beneficence undermines individual dignity and autonomy, promoting instead voluntary civil institutions
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