Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download Historys Greatest Fraud full books in PDF, epub, and Kindle. Read online Historys Greatest Fraud ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Scott Stockdale
Publisher : [St. Jacobs, ON] : Light Years Communications
ISBN 13 : 9780973211801
Total Pages : 428 pages
Book Rating : 4.2/5 (118 download)
Download or read book History's Greatest Fraud written by Scott Stockdale and published by [St. Jacobs, ON] : Light Years Communications. This book was released on 2002 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Edward J. Balleisen
Publisher : Princeton University Press
ISBN 13 : 0691183074
Total Pages : 494 pages
Book Rating : 4.6/5 (911 download)
Download or read book Fraud written by Edward J. Balleisen and published by Princeton University Press. This book was released on 2018-12-18 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive history of fraud in America, from the early nineteenth century to the subprime mortgage crisis In America, fraud has always been a key feature of business, and the national worship of entrepreneurial freedom complicates the task of distinguishing salesmanship from deceit. In this sweeping narrative, Edward Balleisen traces the history of fraud in America—and the evolving efforts to combat it—from the age of P. T. Barnum through the eras of Charles Ponzi and Bernie Madoff. This unprecedented account describes the slow, piecemeal construction of modern institutions to protect consumers and investors—from the Gilded Age through the New Deal and the Great Society. It concludes with the more recent era of deregulation, which has brought with it a spate of costly frauds, including corporate accounting scandals and the mortgage-marketing debacle. By tracing how Americans have struggled to foster a vibrant economy without encouraging a corrosive level of cheating, Fraud reminds us that American capitalism rests on an uneasy foundation of social trust.
Author : Bee Wilson
Publisher : Princeton University Press
ISBN 13 : 0691214085
Total Pages : 504 pages
Book Rating : 4.6/5 (912 download)
Download or read book Swindled written by Bee Wilson and published by Princeton University Press. This book was released on 2020-06-16 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bad food has a history. Swindled tells it. Through a fascinating mixture of cultural and scientific history, food politics, and culinary detective work, Bee Wilson uncovers the many ways swindlers have cheapened, falsified, and even poisoned our food throughout history. In the hands of people and corporations who have prized profits above the health of consumers, food and drink have been tampered with in often horrifying ways--padded, diluted, contaminated, substituted, mislabeled, misnamed, or otherwise faked. Swindled gives a panoramic view of this history, from the leaded wine of the ancient Romans to today's food frauds--such as fake organics and the scandal of Chinese babies being fed bogus milk powder. Wilson pays special attention to nineteenth- and twentieth-century America and England and their roles in developing both industrial-scale food adulteration and the scientific ability to combat it. As Swindled reveals, modern science has both helped and hindered food fraudsters--increasing the sophistication of scams but also the means to detect them. The big breakthrough came in Victorian England when a scientist first put food under the microscope and found that much of what was sold as "genuine coffee" was anything but--and that you couldn't buy pure mustard in all of London. Arguing that industrialization, laissez-faire politics, and globalization have all hurt the quality of food, but also that food swindlers have always been helped by consumer ignorance, Swindled ultimately calls for both governments and individuals to be more vigilant. In fact, Wilson suggests, one of our best protections is simply to reeducate ourselves about the joys of food and cooking.
Author : Walter Pavlo
Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.F/5 ( download)
Download or read book Stolen Without a Gun written by Walter Pavlo and published by . This book was released on 2007 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Walter Pavlo, Jr. was a young MBA rising quickly through the finance ranks at the nation’s second largest telecom company. With a beautiful wife, two kids and a promising career, he epitomized the American dream. Pavlo’s life took a dark turn when he became a willing participant in the company’s efforts to hide from investors and potential acquirers a mountain of bad debt run up by mobsters and other unsavory customers. Encouraged by higher-ups, Pavlo became accomplished at accounting gimmickry. Then the jaded young executive consorted with a colorful scam artist and others to use some of the same ploys he’d devised for his employer to enrich himself at its expense. A ruse born of disillusionment and greed turned into a nightmare for Pavlo after he was caught and forced to choose--rat on his buddies or spend decades rotting in prison. His crimes ultimately cost Pavlo his freedom, family, reputation and self-respect. Only later did he recognize that his original sins were part and parcel of the corruption that led to an historic collapse for his company, his industry and of public confidence in corporate America. With humor and raw honesty, Pavlo and award-winning Forbes senior editor Neil Weinberg use this compelling personal story to portray in intimate detail the pressures millions of white-collar workers face every day.
Author : Stuart Englert
Publisher :
ISBN 13 : 9781651405208
Total Pages : 89 pages
Book Rating : 4.4/5 (52 download)
Download or read book Rigged written by Stuart Englert and published by . This book was released on 2020-01-15 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: The largest financial fraud in history wasn't Enron's colossal accounting crimes, Bernie Madoff's record-setting Ponzi scheme or the Libor scandal, in which some of the world's biggest banks conspired to profit by manipulating interest rates. No, the largest financial fraud in history is one most Americans know little to nothing about. It isn't mentioned by politicians, reported on the nightly news or discussed by coworkers during lunch break. The biggest fraud in history is a financial scheme perpetrated by the U.S. government and its banking accomplices. Over the last century, they've used coercion, deception and market manipulation to convince Americans the U.S. dollar is as good as gold and silver. The truth is, it's not.
Author : Gerard Ryle
Publisher : ReadHowYouWant.com
ISBN 13 : 145871649X
Total Pages : 362 pages
Book Rating : 4.4/5 (587 download)
Download or read book Firepower written by Gerard Ryle and published by ReadHowYouWant.com. This book was released on 2010-10-08 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: A magic pill that cuts fuel consumption and reduces emissions ...... that was the miracle promised by Tim Johnsto' s company, Firepower. Everyone believed him; prime ministers and presidents, doctors and diplomats, business leaders and sporting heroe - even ASIC the corporate watch do - went along with the myth. Millions of shares were sold to i...
Author : David E. Y. Sarna
Publisher : John Wiley & Sons
ISBN 13 : 0470877707
Total Pages : 418 pages
Book Rating : 4.4/5 (78 download)
Download or read book History of Greed written by David E. Y. Sarna and published by John Wiley & Sons. This book was released on 2010-07-30 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The “greater fool” theory of economics states that it’s possible to make money by buying paper (securities), whether overvalued or not, and later, selling it at a profit because there will always be an even greater fool willing to pay the higher price. Many described in this book profited by peddling such worthless junk to foolish investors. But for some people—Bernie Madoff, Norman Hsu, Sholam Weiss, and “Crazie Eddie” Antar, aka the “Darth Vader of Capitalism”—overvalued securities were not enough. Outright fraud was their way of life. History of Greed is the compelling inside story of the names you know—Charles Ponzi, Baron Rothschild, Lou Pearlman—and the names you don’t—Isaac Le Maire, the world’s first “naked” short-seller. It’s also our story—why we ignore the lessons of the past and fall prey, most every time, to the promise of easy money. For thousands of years, alchemists unsuccessfully tried to turn worthless base metals into gold. Where science failed at turning nothing into something, business succeeded. Sometimes we praise the creators of derivatives, collateral debt obligations, subprime mortgages, credit default swaps, or auction rate securities as Wall Street’s new financial wizards, the creators of “magic paper.” Other times, we vilify and prosecute them as scam artists. Sometimes, it’s hard to tell who is who. History of Greed reveals the inside secrets of how the markets really work, and how scam artists abuse them to gain an unfair edge or to outright steal. It describes how luftgescheft (“air business”), wizardry, dishonesty, and fraud are used to swindle people. Along with a comprehensive bibliography, History of Greed also details: 400 years of financial fraud—from everyday fraud to the odd and unusual Accounting fraud (phantom sales), stock option fraud (backdating), auction rate securities, hedge fund fraud, Ponzi schemes, promotion fraud (pump-and-dump scams), and money laundering How to detect fraudulent schemes How government regulation only fixes yesterday’s problems If it’s too good to be true, it probably is. If they say you can’t lose, you probably will. History of Greed shows that there really is no such thing as a free lunch, while also detailing how not to become the “greater fool.”
Author : R. J. Kelly
Publisher : Eliot Werner Publications/Percheron Press
ISBN 13 :
Total Pages : 463 pages
Book Rating : 4.9/5 (863 download)
Download or read book The Foraging Spectrum written by R. J. Kelly and published by Eliot Werner Publications/Percheron Press. This book was released on 2007-12-31 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author wrote this book primarily for his archaeology students, to show them how dangerous anthropological analogy is and how variable the actual practices of foragers of the recent past and today are. His survey of anthropological literature points to differences in foraging societies' patterns of diet, mobility, sharing, land tenure, exchange, gender relations, division of labour, marriage, descent and political organisation. By considering the actual, not imagined, reasons behind diverse behaviour this book argues for a revision of many archaeological models of prehistory. From the reviews "[A]n excellent overview of key issues in hunter-gatherer studies." Alan Barnard in American Ethnologist "Not since Man the Hunter has there been such a synthesis and such a mix of stimulating ideas. This will be the authoritative work on hunter/gatherers for a good number of years." Brian Hayden in Canadian Journal of Archaeology "[A]uthoritative, comprehensive, and highly readable. . . . A well-worn and heavily annotated copy should be the companion of anyone claiming an interest or expertise in present or past hunter-gatherers." Bruce Winterhalder in American Antiquity Prepublication praise "The Foraging Spectrum [is] a well-written, scrupulously researched synthesis of modern approaches to foraging behavior, both past and present." David Hurst Thomas, American Museum of Natural History "A tour de force of scholarship in behavioral ecology." Mathias Guenther, Wilfred Laurier University
Author : Trung Nguyen
Publisher : EnCognitive.com
ISBN 13 : 1927091578
Total Pages : 668 pages
Book Rating : 4.9/5 (27 download)
Download or read book Vaccines: The Biggest Medical Fraud in History written by Trung Nguyen and published by EnCognitive.com. This book was released on 2021-10-23 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW COVID-19 CHAPTER! "Polio is NOT even contagious or infectious (never proven to be). There is NO proof Polio is caused by a virus. There is NO evidence that anyone caught polio from another person in the family. There is NO evidence that any nurse or doctor caught polio from a patient." —Sheri Nakken, RN, MA Listed below are public health statistics (U.S. Public Health Reports) from the four states which adopted compulsory vaccination, and the figures from Los Angeles, California (similar results in other states available from books listed at the back of this booklet): TENNESSEE 1958: 119 cases of polio before compulsory shots 1959: 386 cases of polio after compulsory shots OHIO 1958: 17 cases of polio before compulsory shots 1959: 52 cases of polio after compulsory shots CONNECTICUT 1958: 45 cases of polio before compulsory shots 1959: 123 cases of polio after compulsory shots NORTH CAROLINA 1958: 78 cases of polio before compulsory shots 1959: 313 cases of polio after compulsory shots LOS ANGELES 1958: 89 cases of polio before shots 1959: 190 cases of polio after shots The decline of smallpox, as with many other infectious diseases, including diphtheria and scarlet fever, coincided with the sanitation reforms which were instituted in the late 1880s. Where obtainable, government health records from around the world showed that during the periods of the most intense and widespread vaccination, the incidence of and death rates from smallpox were highest. For instance, in Kansas City and Pittsburgh during the 1920s, lawsuits were initiated, and won, against doctors and medical societies for declaring smallpox epidemics when there were none, and for creating epidemics with their vaccination drives. Before 1903, smallpox was almost unknown in the Philippines, with occurrences in less than 3% of the population, and that in a mild form. The U.S. military went in and began vaccinating, and by 1905 the Philippines had its first major epidemic. Vaccination was made compulsory in 1910. From 1905 to 1923, the mortality rate ranged from 25-75%, depending on the count from the various islands. “The mortality rate was the highest in the cities where vaccination was most intense.” Dr. W.W. Keen reported 130,264 cases and 74,369 deaths from smallpox in 1921. Japan adopted compulsory vaccinations in 1872 when they had only a few cases of smallpox. By 1892 they had the largest smallpox epidemic in their history with 165,774 cases and 29,979 deaths. Australia banned the smallpox vaccine after some children were killed by it, and in the following 15 years in unvaccinated Australia there were only 3 cases of smallpox. The smallpox vaccine was discontinued in the United States after Dr. Henry Kempe reported to Congress in 1966 that fewer people were dying from the disease than from vaccination.
Author : Ben Carlson
Publisher : John Wiley & Sons
ISBN 13 : 1119605164
Total Pages : 198 pages
Book Rating : 4.1/5 (196 download)
Download or read book Don't Fall For It written by Ben Carlson and published by John Wiley & Sons. This book was released on 2020-01-02 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn financial and business lessons from some of the biggest frauds in history Why does financial fraud persist? History is full of sensational financial frauds and scams. Enron was forced to declare bankruptcy after allegations of massive accounting fraud, wiping out $78 billion in stock market value. Bernie Madoff, the largest individual fraudster in history, built a $65 billion Ponzi scheme that ultimately resulted in his being sentenced to 150 years in prison. People from all walks of life have been scammed out of their money: French and British nobility looking to get rich quickly, farmers looking for a miracle cure for their health ailments, several professional athletes, and some of Hollywood’s biggest stars. No one is immune from getting deceived when money is involved. Don’t Fall For It is a fascinating look into some of the biggest financial frauds and scams ever. This compelling book explores specific instances of financial fraud as well as some of the most successful charlatans and hucksters of all-time. Sharing lessons that apply to business, money management, and investing, author Ben Carlson answers questions such as: Why do even the most intelligent among us get taken advantage of in financial scams? What make fraudsters successful? Why is it often harder to stay rich than to get rich? Each chapter in examines different frauds, perpetrators, or victims of scams. These real-life stories include anecdotes about how these frauds were carried out and discussions of what can be learned from these events. This engaging book: Explores the business and financial lessons drawn from some of history’s biggest frauds Describes the conditions under which fraud tends to work best Explains how people can avoid being scammed out of their money Suggests practical steps to reduce financial fraud in the future Don’t Fall For It: A Short History of Financial Scams is filled with engrossing real-life stories and valuable insights, written for finance professionals, investors, and general interest readers alike.
Author : Anthony Galvin
Publisher : Simon and Schuster
ISBN 13 : 1629149683
Total Pages : 404 pages
Book Rating : 4.6/5 (291 download)
Download or read book The Great Polar Fraud written by Anthony Galvin and published by Simon and Schuster. This book was released on 2014-11-18 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1910 Roald Amundsen set off from Oslo toward the North Pole but soon received word that two Americans—Frederick Cook and Robert Peary—each claimed to have reached the Pole ahead of him. Devastated, Amundsen famously went south. For years Cook and Peary tried to convince the world of their claims. Finally the National Geographic Society endorsed Peary, and the matter seemed settled. In May 1926 an American airman, Richard Byrd, flew north in a three-engine plane, and returned with a log showing that he had flow exactly over the geographical North Pole, becoming the third man to reach that mythical spot. National Geographic again supported the claim. However, it is now obvious that Peary claimed distances he could not possibly have achieved, and it is doubtful that Cooke, who had a history of fraud, ever got even close to the pole. Byrd flew further north than anyone before, but he did not have the fuel to have made the journey he claimed—his log was falsified. Just three days after Byrd’s flight, Amundsen reenters the story on an airship traveling across the pole from Svalbard to Alaska, unknowingly passing directly over the pole, becoming the true first to reach it—just as he had been the first at the South Pole. The Great Polar Fraud explores the history of the three men who claimed the pole, their claims, and the subsequent doubts of those claims, effectively rewriting the history of polar exploration and putting Amundsen center stage as the rightful conqueror of both poles. Skyhorse Publishing, as well as our Arcade imprint, are proud to publish a broad range of books for readers interested in history--books about World War II, the Third Reich, Hitler and his henchmen, the JFK assassination, conspiracies, the American Civil War, the American Revolution, gladiators, Vikings, ancient Rome, medieval times, the old West, and much more. While not every title we publish becomes a New York Times bestseller or a national bestseller, we are committed to books on subjects that are sometimes overlooked and to authors whose work might not otherwise find a home.
Author : Eugenie Samuel Reich
Publisher : Macmillan
ISBN 13 : 9780230224674
Total Pages : 276 pages
Book Rating : 4.2/5 (246 download)
Download or read book Plastic Fantastic written by Eugenie Samuel Reich and published by Macmillan. This book was released on 2009-05-12 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the scientific scandal that arose when researchers at Bell Laboratories discovered that wunderkind physicist Jan Hendrik Schön falsified his data to prove that he had discovered a simpler way to make transistors, which would have drastically improved energy technology.
Author : David L. Phillips
Publisher : Bloomsbury Publishing
ISBN 13 : 1786725762
Total Pages : 366 pages
Book Rating : 4.7/5 (867 download)
Download or read book The Great Betrayal written by David L. Phillips and published by Bloomsbury Publishing. This book was released on 2018-11-29 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twentieth century saw dramatic changes in the once Kurd-dominated Kirkuk region of Iraq. Despite having repeatedly relied on the Kurdish population of Iraq for military support, on three occasions the United States have abandoned their supposed allies in Kirkuk. The Great Betrayal provides a political and diplomatic history of the Kirkuk region and its international relations from the 1920s to the present day. Based on first-hand interviews and previously unseen sources, it provides an accessible account of a region at the very heart of America's foreign policy priorities in the Middle East. In September 2017, Iraqi Kurdistan held an independence referendum, intended to be a starting point on negotiations with the Iraqi Government in Baghdad on the terms of a friendly divorce. Though the US, Turkey, and Iran opposed it, the referendum passed with 93% of the vote. Rather than negotiate, Iraq's Prime Minister Heider al-Abadi issued an ultimatum and then attacked the region. Iraq's Kurdish population have been abandoned, once again, by their supposed allies in the US. In this book, David L. Phillips reveals the failings of America's policies towards Kirkuk and the devastating effects of betraying an ally.
Author : Yuval Noah Harari
Publisher : Harper Collins
ISBN 13 : 0062316109
Total Pages : 403 pages
Book Rating : 4.0/5 (623 download)
Download or read book Sapiens written by Yuval Noah Harari and published by Harper Collins. This book was released on 2015-02-10 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Readers’ Pick: Top 100 Books of the 21st Century New York Times Bestseller A Summer Reading Pick for President Barack Obama, Bill Gates, and Mark Zuckerberg From a renowned historian comes a groundbreaking narrative of humanity’s creation and evolution—a #1 international bestseller—that explores the ways in which biology and history have defined us and enhanced our understanding of what it means to be “human.” One hundred thousand years ago, at least six different species of humans inhabited Earth. Yet today there is only one—homo sapiens. What happened to the others? And what may happen to us? Most books about the history of humanity pursue either a historical or a biological approach, but Dr. Yuval Noah Harari breaks the mold with this highly original book that begins about 70,000 years ago with the appearance of modern cognition. From examining the role evolving humans have played in the global ecosystem to charting the rise of empires, Sapiens integrates history and science to reconsider accepted narratives, connect past developments with contemporary concerns, and examine specific events within the context of larger ideas. Dr. Harari also compels us to look ahead, because over the last few decades humans have begun to bend laws of natural selection that have governed life for the past four billion years. We are acquiring the ability to design not only the world around us, but also ourselves. Where is this leading us, and what do we want to become? Featuring 27 photographs, 6 maps, and 25 illustrations/diagrams, this provocative and insightful work is sure to spark debate and is essential reading for aficionados of Jared Diamond, James Gleick, Matt Ridley, Robert Wright, and Sharon Moalem.
Author : Steven Lazaroff
Publisher : Rodger & Laz publishing S.E.N.C.
ISBN 13 : 1775292134
Total Pages : 243 pages
Book Rating : 4.7/5 (752 download)
Download or read book History's Greatest Deceptions and Confidence Scams written by Steven Lazaroff and published by Rodger & Laz publishing S.E.N.C.. This book was released on 2018-04-02 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout history, there have always been fraudsters and tricksters ready and willing to part people and their money with smooth talking and tall tales, but the first formally recorded “confidence trick” was uniquely American in its origins and set the bar for both simplicity and sheer guts, both hallmarks of the most successful frauds ever perpetrated. From the ancient Egyptians to the modern era, join the authors as they take you on a romp throughout 4000 years of human history to reveal the tricks and schemes that were perfected by colorful characters throughout the ages. Using humor, and wit, the authors paint a tapestry of deception and subterfuge perpetrated by the brilliant minds of each era.
Author : Matt Stone
Publisher : Quarto Publishing Group USA
ISBN 13 : 161058659X
Total Pages : 255 pages
Book Rating : 4.6/5 (15 download)
Download or read book History's Greatest Automotive Mysteries, Myths and Rumors Revealed written by Matt Stone and published by Quarto Publishing Group USA. This book was released on 2012-11-05 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Chock-full of amusing car-related trivia and miscellany." —Detroit News Did you know that after James Dean's death behind the wheel of his Porsche 550 Spyder, parts of the car were sold off, and said parts then cursed their new owners? (Or did they?) Did you know Bonnie and Clyde stole Ford V-8s almost exclusively as getaway cars because they were the fastest cars of their day—and that Clyde wrote Henry Ford a thank-you note? Did you know that a monkey by the name of Jocko Flocko once won a Grand National race? (NASCAR Hall of Fame driver Tim Flock helped.) Rumors, myths, and fantastic stories have swirled around the automobile for over a century. This fascinating collection compiles funny stories and a trunkful of trivia: What was the first car to break the sound barrier? Who won the first Indy 500? What kind of car was dancer Isadora Duncan in when she was killed? What car performed the most spectacular stunt in the James Bond movie oeuvre? In all of these cases, the answers may not be what you think. "Entertaining stories of vehicular crime, racing, moviemaking and various mishaps and mayhem." —The New York Times
Author : Michael Powelson
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527533654
Total Pages : 332 pages
Book Rating : 4.5/5 (275 download)
Download or read book Swindlers All, a Brief History of Government Business Frauds from Alexander Hamilton to AIG written by Michael Powelson and published by Cambridge Scholars Publishing. This book was released on 2019-04-24 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the Great Recession of 2007-2008, millions of hardworking Americans lost their jobs and their homes, their retirements, and their income. However, the corporations that caused the Great Recession lost nothing and were, in fact, given trillions of dollars by the government in an unprecedented financial bailout. While over 16 trillion dollars went missing, not a single Wall Street executive was punished or even charged with a crime. This book chronicles some of the government and business frauds carried out throughout US history. These swindles were carried out by such “Founders” as Alexander Hamilton, George Washington, James Madison and Thomas Jefferson. Corruption was also at the core of the Andrew Jackson administration and played a key role in perpetrating the Panic of 1837, and government and business fraud was rampant in the construction of both the transcontinental railroad and the Panama Canal. Court rulings granting corporations the status of “legal personage” were part of a broader scam that extended greater constitutional and legal protections to corporations while denying Blacks and workers their own constitutional and legal rights. Government and business frauds of the 1920s played a prominent role in spawning the Great Depression of 1929, while funding and provisioning the US military has always been inundated with a wide variety of scams. In the early 1990s, government and business scams resulted in the collapse of the savings and loan industry, while the frauds of the early 21st century resulted in the Great Recession of 2007-2008. Today, all of the factors are in place to lead to yet another depression/recession which will be followed inevitably by a massive government bailout of banks and corporations.
