Why You Should Read America’s Achilles Heel

A new book, written by Elliott Schuchardt, argues that American prosperity could be coming to an end.

The book, America’s Achilles Heel, argues that the American economy is strong because the United States can print dollars and sell them for foreign oil.

According to Schuchardt, the United States has a near-monopoly on the sale of oil from the Middle East. In other words, most oil producers will only accept U.S. dollars, in exchange for their oil. This forces much of the planet to acquire dollars, before purchasing oil.

According to Schuchardt, the oil monopoly creates artificial demand for the dollar, which underpins the American standard of living. For example, consider the numbers. The planet consumes about 100 million barrels of oil every day. If 80% of that oil trades in U.S. dollars, then the oil market creates demand for about $5.2 billion U.S. dollars every day. Schuchardt says this money allows the United States to import Japanese cars, Asian electronics, and food from Mexico. This is a bonanza that could swiftly come to an end.

America’s Achilles Heel says that China and Russia are poised to take the oil market from the United States. The book discusses the new BRICS alliance. BRICS is an acronym, which stands for Brazil, Russia, India, China and South Africa. Since 2009, these nations have been working together to replace the dollar in world trade. BRICS adds new members each year. It now includes countries with more than 50% of the earth’s population, and 25% of the globe’s land mass.

In America’s Achilles Heel, Schuchardt argues that BRICS is positioning itself to take the world’s oil markets from the United States. According to Schuchardt, BRICS controls 43% of the planet’s oil production. In addition, BRICS nations control about 45% of the worlds production of grains, such as wheat and rice. Schuchardt says that it is only a matter of time before BRICS prices these commodities in a currency that they control, rather than Washington, D.C.

Schuchardt says that this would be a calamity for the United States. The United States could face a balance of payments crisis, driving the value of the dollar down. Gasoline prices could soar, and America would be unable to afford goods, such clothing, cell phones and car parts. Schuchardt says that we are dependent upon foreigners for much of our food supply raising questions about food security in the United States.

America’s Achilles Heel argues that it is only a matter of time, before the United States loses the reserve currency. According to the Schuchardt, reserve currencies only last for about 100 years. Before the dollar, the planet traded goods in British pounds, the French franc, and the Dutch guilder. Before that, the Spanish dollar and the Byzantine solidus were in fashion.

Schuchardt says that we can learn from Britain’s experience of losing the prior reserve currency the British pound. In the book, he describes how Britain entered into “sterling agreements” to encourage countries to continue holding their reserves in British pounds. These agreements helped stabilize the pound, and prevent it from collapsing in the early 1970s.

America’s Achilles Heel argues that the Baby Boom generation removed many of the protections put in place by the World War II generation, in the United States. These protections included the Strategic Petroleum Reserve, tariffs, and restrictions on imported goods. Schuchardt says that the United States needs to refill the reserve quickly, to ensure that the reserve is ready, for when the dollar goes down.

The book’s author, Elliott Schuchardt, is a candidate for the Tennessee General Assembly in the August 2026 primary. A retired lawyer, Schuchardt studied political theory at Oxford University in the 1980s. Since then, Schuchardt has fought a series of political cases, challenging public policy at both the state and federal level.

His book is available on all major platforms, as well as Audible and E-book format.

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