A detailed look at how, and why, the American financial systemhas reached its current state
Today’s economy and capital markets are faced with the long-termbuildup of public and private credit. Furthermore, we face highertaxes, greater spending, and more debt. We are now at a criticalcrossroads and our leaders have few realistic solutions. Proposalscalling for tax reforms or fewer regulations have fallen on deafears. In fact, U.S. democracy has become more socialist and reformis needed immediately. Endless Money is an examination ofhow the U.S. government and the country’s financial systems haveembraced socialism, and why cultural deterioration reinforces thetrend and jeopardizes democracy. In it, author William Baker seesthis socialism embodied in two things. The first is thesocialization of income, the second is the socialization ofcredit.
* Explores the present socialistic qualities of the Americangovernment and its financial system
* Looks back at how today’s conditions relate not just to the Great Depression, but ancient empires such as Rome
* Calls for radical changes such as reduced regulatory power ofthe Federal Reserve, a considerable devaluation of the dollar interms of gold, and repeal of income tax
* Includes a Web site devoted to book, with recommendations, quotes from the financial community, and think tank contacts
Insightful and informative, Endless Money examines ourcurrent economic condition and describes what the United States cando to get back on the right economic track.
Inhoudsopgave
Foreword.
Introduction.
Part 1: The Calm Before The Storm.
Chapter 1 Unknown Unknowns.
Chapter 2 Wings of Wax.
Part 2: Endless Money.
Chapter 3 The Rise & Fall of Hard Money.
Chapter 4 Flat-Earth Economics.
Chapter 5 Spitting into the Wind.
Chapter 6 Moral Hazard.
Part 3: Faux Class Warfare.
Chapter 7 The Rich are Different from You and Me.
Chapter 8 Sharecroppers.
Part 4: Assuming Power.
Chapter 9 The Heart of the Financial System.
Chapter 10 A Return to Malaise.
Chapter 11 Democracy: The Achilles’ Heel of Capitalism?
Part 5: Socialism – Roman Style!
Chapter 12 From the Golden Era to Totalitarianism.
Chapter 13 Other Perspectives.
Part 6: The Obsolescence of Character.
Chapter 14 Bending to the Modern World.
Chapter 15 Self-Indulgence.
Chapter 16 The New Commandments.
Part 7: The Future.
Chapter 17 Elephants in the Room.
Chapter 18 The Elephant Killer – Gold.
Chapter 19 America Invicta.
Epilogue.
Notes.
About the Author.
Index.
Over de auteur
William Baker is the founder of Gaineswood Investment Management, Inc., where he has managed money since 1996. He hasover 25 years of investment experience, including as a portfoliomanager for Oppenheimer Funds. Baker received his master’s inbusiness administration from Dartmouth College and BA in economicsfrom the University of Pennsylvania.
Visit www.readendless.com
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