What We Are Reading Today: Liars, Leakers and Liberals: The Case Against the Anti-Trump Conspiracy

Updated 13 August 2018
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What We Are Reading Today: Liars, Leakers and Liberals: The Case Against the Anti-Trump Conspiracy

This book looks at all the things that have happened since Donald Trump announced his run for the US Presidency. 

US Judge and Fox News host Jeanine Pirro also tells us about what she knows about him and his family as she had become friends with them and learned about him and his family.

Pirro recently got a big boost for her new book when Trump posed with it in photos taken in the Oval Office.

She posted photos on Twitter of herself smiling with the president and holding a copy of her new book. Pirro commented: “I think @realDonaldTrump likes it!!!”

Trump and Pirro’s friendship dates back decades, and the former Westchester County Court judge has been a fierce and vocal supporter of the president from the infancy of his candidacy.

Pirro has reportedly told advisers to the president that she hopes to snag the country’s top law enforcement position from Attorney General Jeff Sessions, whom she denounced in a meeting with Trump in the Oval Office last year.


What We Are Reading Today: American Default by Sebastian Edwards

Updated 24 September 2018
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What We Are Reading Today: American Default by Sebastian Edwards

  • In 1933, when in a bid to pull the US out of depression, President Franklin D. Roosevelt depreciated the US dollar in relation to gold, effectively annulling all debt contracts
  • Revaluing the dollar imposed a hefty loss on investors and savers, many of them middle-class American families

JEDDAH: The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the US dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten chapter in America’s history.

Sebastian Edwards provides a compelling account of the economic and legal drama that embroiled a nation already reeling from global financial collapse.

It began on April 5, 1933, when FDR ordered Americans to sell all their gold holdings to the government. This was followed by the abandonment of the gold standard, the unilateral and retroactive rewriting of contracts, and the devaluation of the dollar.

Anyone who held public and private debt suddenly saw its value reduced by nearly half, and debtors — including the US government — suddenly owed their creditors far less.

Revaluing the dollar imposed a hefty loss on investors and savers, many of them middle-class American families. The banks fought back, and a bitter battle for gold ensued. In early 1935, the case went to the Supreme Court. 

Edwards describes FDR’s rancorous clashes with conservative Chief Justice Charles Evans Hughes, a confrontation that threatened to finish the New Deal for good— and that led to FDR’s attempt to pack the court in 1937.

At a time when several major economies never approached the brink of default or devaluing or recalling currencies, American Default is a timely account of a little-known yet drastic experiment with these policies, the inevitable backlash, and the ultimate result.