Description

Book Synopsis
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 everythingincluding goldfalls, 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 imbalan

    Table of Contents
    Foreword xi

    Acknowledgments xv

    Introduction xvii

    Part One Leverage and Its Abuses in the Economy 1

    Chapter 1 An Economic Future for America 3

    Chapter 2 Principles of Financial Leverage 11

    Chapter 3 The Aughts or the Aught-Not-Haves 37

    Chapter 4 The Failure of Kicking the Can 95

    Part Two A Way Forward 119

    Chapter 5 The Folly of Avoidance 121

    Chapter 6 Reinstating the Rule of Law 127

    Chapter 7 Reforming the Fed, Lending, and Derivatives 137

    Chapter 8 Fixing Social Security, Pensions, and Health Care 151

    Chapter 9 Structural Fixes for Trade, Taxation, and Federalism 161

    Chapter 10 Devising a Sound Energy Policy 173

    Conclusion 183

    Notes 187

    About the Author 193

    Index 195

Leverage

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    A Hardback by Karl Denninger, Charles Hugh Smith

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      Book details

      Publisher John Wiley & Sons Inc
      Published 16 December 2011
      ISBN-13 9781118122846
      978-1118122846
      ISBN-10 1118122844
      Also in:
      Business, Finance & Law Finance and accounting

      Description

      Book Synopsis
      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 everythingincluding goldfalls, 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 imbalan

        Table of Contents
        Foreword xi

        Acknowledgments xv

        Introduction xvii

        Part One Leverage and Its Abuses in the Economy 1

        Chapter 1 An Economic Future for America 3

        Chapter 2 Principles of Financial Leverage 11

        Chapter 3 The Aughts or the Aught-Not-Haves 37

        Chapter 4 The Failure of Kicking the Can 95

        Part Two A Way Forward 119

        Chapter 5 The Folly of Avoidance 121

        Chapter 6 Reinstating the Rule of Law 127

        Chapter 7 Reforming the Fed, Lending, and Derivatives 137

        Chapter 8 Fixing Social Security, Pensions, and Health Care 151

        Chapter 9 Structural Fixes for Trade, Taxation, and Federalism 161

        Chapter 10 Devising a Sound Energy Policy 173

        Conclusion 183

        Notes 187

        About the Author 193

        Index 195

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