By Mike Pearson, News staff
Imagine a world where the U.S. is no longer a global superpower. Hyperinflation has pushed the price of gold to unbelievable levels. China has supplanted the U.S. as the world’s economic leader and America has collapsed under the weight of its enormous debt.
It all sounds far fetched. It’s not only possible, but probable according to Ancaster author, chartered accountant and chartered financial analyst Richard Knight.
Knight’s historical fiction The Plectra Conspiracy postulates the existence of a covert organization, known simply as The Board that systematically undoes the pillars of American world economic dominance.
“The underlying theme of the book is gold is the ultimate power. If you control gold, you control destiny,” said Knight.
While the novel is set in present day time, The Plectra Conspiracy references real historical events such as American gold leasing, the 1944 Bretton Woods agreements and the end of the U.S. gold standard in 1971.
Led by the book’s central character, Maya, the Board brings down the underpinnings of the U.S. economy while transitioning power to China. Youthful and attractive, Maya breaks all of the barriers women face in the corporate world using traits of confidence, quick decision-making and boldness.
When the Bretton Woods agreements made the U.S. dollar the world’s reserve currency, America established itself as the world’s most dominant economy.
“It gave them the power to control world events from an economic standpoint,” Knight said.
After 1971, the U.S. dollar was no longer pegged to gold. The end of the gold standard coupled with American agreements on gold leasing subsequently created an artificial value of the U.S. dollar in years to come.
“U.S currency is not supported by a hard asset; it’s only supported by faith in the U.S. government,” said Knight.
In his novel, Knight takes that reality one step further.
“What would happen if China were to liquidate its U.S. dollar reserves? What events might lead up to why they might do that?” he said.
The novel weaves in a worldwide drought that gives China a reason to liquidate its U.S. dollar reserves which increases the value of its own currency to fight food inflation.
While it could take years to transpire, Knight believes the events of the Plectra Conspiracy could occur in today’s time. And he feels he’s not alone.
“Once you start researching you really see there is a community that really believes there’s a conspiracy,” he said.
The novel weaves espionage, terrorism and backroom dealings in a fast-paced format that will keep readers guessing.
“When you have all those themes together, it’s very easy to make it entertaining,” said Knight.
Inspired by his daughter, who was five at the time, Knight wrote the novel over a four month period in 2009. Working with Don Bastian at BPS Books, Knight polished his manuscript and published the finished novel in paperback form earlier this year.
The Plectra Conspiracy examines power in all its forms, from gold to religion.
“I think it’s just a matter of time, but I do believe these events will come to fruition,” said Knight.
The Plectra Conspiracy is available online from Amazon, Barnes and Noble, Ebay and Books Express. For more information, visit www.theplectraconspiracy.com