Elect Elliott Schuchardt: Schuchardt Writes Book on the Dangers of the Reserve Currency

PRESS RELEASE

FOR IMMEDIATE RELEASE

Knoxville, Tennessee – November 5, 2025 – Elliott Schuchardt, a candidate for the Tennessee General Assembly, has published a book which argues that the U.S. dollar could pose a threat to the citizens of Tennessee.

The book, entitled America’s Achilles Heel: How to Protect Your Family When America Loses the Reserve Currency, argues that the United States needs to devalue the U.S. dollar against other major currencies.

Schuchardt argues that the dollar is artificially overvalued, because the United States has a near-monopoly on the sale of oil, for only U.S. dollars. In other words, most countries will sell oil only for dollars. Schuchardt argues that the value of the dollar could collapse, if the Middle East were to sell oil for a currency other than the dollar. He says that this is a foreseeable risk, given the efforts of China and Russia to establish a new international payment method.

According to Schuchardt, if the value of the dollar were to fall 50%, then the price of goods imported to the United States could double, in dollar terms. If the dollar were to fall 80% against other major currencies, then the price of imported goods would increase by five times, or 500%. In other words, the cost of an imported television could increase from $300 to $1,500, relatively quickly.

Schuchardt warns that this could be a problem if the price of gasoline were to double or triple overnight. “The United States would have a difficult time dealing with gasoline priced at $8 or $10 a gallon,” says Schuchardt. We need to deal with this possibility.

Schuchardt’s book is available on Amazon and Barnes & Noble. It is also available in an audio version on Amazon’s Audible platform, read by the author.

Elliott J. Schuchardt is a candidate for the Tennessee General Assembly in the 2026 election. Schuchardt studied politics at Cornell University and Oxford University. He also has received a law degree from Columbia Law School. Schuchardt focused his legal practice on civil liberties issues in the courts.