Leverage: how cheap money will destroy the world

How the wealthy and powerful abuse finance to skim immense profits Debasementof the dollar as a result of ill-use of leverage is destroying the global economy, and in Leverage, well known market commentator Karl Denninger follows the path of money throughout history to prove that currencies are debased when moneyed and powerful interests pull the levers of government and policy to enrich themselves at the expense of the masses. The result is ugly: the value of everything--including gold--falls, and even personal safety is at risk in a world where there is limited money even for essentials like food and fuel. History is littered with the collapse of monetary and economic systems from Rome to Germany to Zimbabwe. Presents an inside look at how moneyed and powerful interests debase the dollar through the willful and intentional failure to honestlyrepresent short and long-term mathematical truths that underlie all economic systems Shows how, if imbalances are not corrected, financial crises will reoccur again and again Authored by Karl Denninger, who has been running the popular website The Market Ticker since 2007 ÍNDICE: Introduction. Part One: Leverage and Its Abuses in the Economy. Chapter 1: An Economic Future for America. Chapter 2: Principles of Financial Leverage. Chapter 3: The Aughts or the Aught-Not-Haves. Chapter 4: The Failure of Kicking the Can. Part Two: A Way Forward. Chapter 5: The Folly of Avoidance.Chapter 6: Reinstating the Rule of Law. Chapter 7: Reforming the Fed, Lendingand Derivatives. Chapter 8: Fixing Social Security, Pensions, and Health Care. Chapter 9: Structural Fixes for Trade, Taxation, and Federalism. Chapter 10:Devising a Sound Energy Policy. Conclusion. Notes. Acknowledgments. About theAuthor. Index.

• ISBN: 978-1-118-12284-6
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 208
• Fecha Publicación: 26/10/2011
• Nº Volúmenes: 1
• Idioma: Inglés