Leverage
Subtitle: how cheap money will destroy the world
By: Karl Denninger
Publisher: John Wiley & Sons
Published: 2012
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 205
ISBN-13: 9781118122846; 9781118166147; 9781118166154; 9781118166161
Subjects: Debt; Financial leverage
Description: How the wealthy and powerful abuse finance to skim immense profits. Debasement of 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 honestly represent 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.
Notes: Includes bibliographical references and index.
Table of contents: title: An economic future for America; title: Principles of financial leverage; title: The aughts or the aught-not-haves; title: The failure of kicking the can; title: The folly of avoidance; title: Reinstating the rule of law; title: Reforming the Fed, lending, and derivatives; title: Fixing Social Security, pensions, and health care; title: Structural fixes for trade, taxation, and Federalism; title: Devising a sound energy policy.