The Truth About The Coming Global Currency Reset 2nd Edition

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The Truth about the Coming Global Currency Reset 2nd Edition

Author : Marcus Curtis
Publisher :
ISBN 13 : 9781520291352
Total Pages : 180 pages
Book Rating : 4.2/5 (913 download)

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Book Synopsis The Truth about the Coming Global Currency Reset 2nd Edition by : Marcus Curtis

Download or read book The Truth about the Coming Global Currency Reset 2nd Edition written by Marcus Curtis and published by . This book was released on 2017-01-02 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Currency Reset is also known as the GCR. What is it? Where did it come from? How did this belief system emerge? The Global Currency Reset is actually comprised of many conspiracy theories blended together to make an overall belief system. Because of this, there are many definitions and catch phrases tied to this conspiracy theory. Part of this belief system says that there is a coming overnight crash to the United States dollar. This crash will be felt on a global level and many currency values will change as a result. Many currencies will change in value or revalue once this event happens. Many people have purchased the Iraqi dinar and the Vietnamese Dong as an investment and as a way to protect themselves from this coming crash. Some believe that value will be transferred out of paper currencies and into assets like gold and silver. Some believe that the entire global economy will crash leading to a total collapse of society as we know it. Others believe that a set of laws will be implemented that will restructure the value of currencies all over the world. Rest assured that this giant conspiracy theory is one big hoax that is propagated to entice people into investment scams all over the world. Everything from foreign currency to precious metals is hyped as a means of survival. Investing in foreign currencies such as the dinar and the dong is a complete scam. This conspiracy is responsible for making preppers out of many people and new people are converted all the time. Selling newsletters with junk economics littered with this conspiracy theory has now become big business. Many prepper products are also sold and this conspiracy theory has become a way to scare people into many different types of investment scams. This book exposes the lies associated with the Global Currency Reset belief system. It disproves the junk economics and it corrects the rewriting of history by this conspiracy. Many false quotes from historical figures are also used to add validity to their conspiracy. This book totally debunks the global currency reset and it arms the reader with the knowledge needed to spot these investment scams. The last chapter in this book provides many links to verify the things that are said. This will allow the reader to further their own research and gain an understanding regarding how the global economy really works.

Global Currency Reset

Author : Bruce Goldwell
Publisher : Independently Published
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.3/5 (938 download)

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Book Synopsis Global Currency Reset by : Bruce Goldwell

Download or read book Global Currency Reset written by Bruce Goldwell and published by Independently Published. This book was released on 2023-05-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the Truth About the Global Currency Reset and CBDC Learn How to Benefit From the Financial Reset (GCR) in Gold-backed Currency in this New book by Bruce Goldwell, "Global Currency Reset" Conspiracy Theory or Real? Bruce Goldwell's latest book, "Global Currency Reset" Conspiracy Theory or Real?, sheds light on one of the most talked-about topics in the financial world today. Goldwell's book explains that the Global Currency Reset (GCR) is not a conspiracy theory but a complete renewal of the financial system worldwide, culminating in the activation of the Quantum Financial System in 2023. "It's essential to understand that this is not a financial collapse but a reset. It's a critical distinction," says Goldwell. "A total of 209 countries worldwide have agreed to join the new financial system called the Quantum Financial System (QFS). Each country's currency must be Gold-backed to join the QFS. This global reset will set the stage for a fairer distribution of wealth." Goldwell's book addresses some of the most pressing questions investors are asking: Will banks collapse? What happens to the value of Gold if the world banks fail? Can you benefit from a financial reset? Goldwell's book provides all the answers. This global reset will set the stage for a fairer distribution of wealth. Continuing on the topic of wealth distribution, it's a well-known fact that the world's wealthiest 1% owns nearly half of the global wealth. This wealth gap has been rapidly increasing over the years, creating social and economic instability across the world. While some may argue that capitalism is a free-market economy that should naturally lead to inequality, studies have shown that excessive wealth concentration can lead to market inefficiency and economic downturns. In order to create a more sustainable and stable future, it's crucial to address this wealth gap through policy and systemic changes. The Quantum Financial System (QFS) is a new financial system that is based on the principles of fairness and sustainability. The QFS is a new financial system that will help close the wealth gap and provide a fair and level playing field for all people in 209 countries around the globe. Having been inspired by the principles of fairness and sustainability embodied in the QFS, it is important to delve deeper into its workings and potential benefits for society. One of the key advantages of the QFS is its ability to eliminate corruption and fraud in financial transactions, ensuring that all parties involved are held accountable and that funds are allocated fairly. Additionally, the QFS is designed to be a decentralized system, which means that it is not controlled by any central authority and is therefore immune to political influence or interference. This ensures a level playing field for all individuals and institutions, regardless of their size, wealth, or power. In our modern era, the ability of central banks to print money has been a controversial issue. However, with the adoption of gold-backed currencies, this issue would be eliminated. The value of a currency would be directly tied to a tangible asset rather than the whims of a central bank. This would provide stability in the financial system and prevent inflation caused by excessive money printing.

The Next Convergence

Author : Michael Spence
Publisher : Farrar, Straus and Giroux
ISBN 13 : 1429968710
Total Pages : 320 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis The Next Convergence by : Michael Spence

Download or read book The Next Convergence written by Michael Spence and published by Farrar, Straus and Giroux. This book was released on 2011-05-10 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.

Maximizing Your RV Exchange

Author : Gregg Bennett
Publisher :
ISBN 13 : 9781076202840
Total Pages : 48 pages
Book Rating : 4.2/5 (28 download)

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Book Synopsis Maximizing Your RV Exchange by : Gregg Bennett

Download or read book Maximizing Your RV Exchange written by Gregg Bennett and published by . This book was released on 2019-06-27 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: You're a foreign currency holder, and you've been waiting on this singular moment... the RV of the Iraqi Dinar and the GCR of other currencies. NOW WHAT? Do you have to take what is being offered? Are there sucker rates to be aware of? Are there strategies you can use to better position yourself? Maximizing Your RV Exchange has been written to help YOU make the most from the exchange of your dinar and other currencies!In this book the author provides you with 8 strategies to help you maximize on this once in a lifetime opportunity. The goal of the book is not to help you just make more; the goal of the book is to help you make the most possible! The 8 strategies are presented in a way for the average currency holder to easily understand and implement.This book could benefit you before and/or after the RV. However, the greatest opportunity to maximize will be for those who start strategizing BEFORE the RV. Don't wait! If you would like to leave your exchange with as much in your account as possible, download Maximizing Your RV Exchange now! Plus, the author closes with a FREE BONUS STRATEGY to help you participate in a potential second stage or second basket of currencies.

The Fourth Industrial Revolution

Author : Klaus Schwab
Publisher : Currency
ISBN 13 : 1524758876
Total Pages : 192 pages
Book Rating : 4.5/5 (247 download)

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Book Synopsis The Fourth Industrial Revolution by : Klaus Schwab

Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Currency. This book was released on 2017-01-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.

The Great Devaluation

Author : Adam Baratta
Publisher : John Wiley & Sons
ISBN 13 : 111969146X
Total Pages : 275 pages
Book Rating : 4.1/5 (196 download)

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Book Synopsis The Great Devaluation by : Adam Baratta

Download or read book The Great Devaluation written by Adam Baratta and published by John Wiley & Sons. This book was released on 2020-08-04 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 Business Bestseller (Wall Street Journal, Amazon, USA Today) The Great Devaluation may be one of the most timely books ever written on the state of the global economy. Baratta sums it up simply enough with the following idea: “What seems crazy in normal times becomes necessary in a crisis.” The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up. Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow-up to his national bestseller, Gold Is A Better Way. You’ll learn how and why Federal Reserve polices have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to blow up the global economy.

The Big Reset

Author : Willem Middelkoop
Publisher :
ISBN 13 : 9789462980273
Total Pages : 0 pages
Book Rating : 4.9/5 (82 download)

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Book Synopsis The Big Reset by : Willem Middelkoop

Download or read book The Big Reset written by Willem Middelkoop and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes the history and characteristics of our current financial system by showing the true value and background of money and the benefits of investing in gold.

Covid-19: The Great Reset

Author : Thierry Malleret
Publisher : ISBN Agentur Schweiz
ISBN 13 : 9782940631124
Total Pages : 282 pages
Book Rating : 4.6/5 (311 download)

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Book Synopsis Covid-19: The Great Reset by : Thierry Malleret

Download or read book Covid-19: The Great Reset written by Thierry Malleret and published by ISBN Agentur Schweiz. This book was released on 2020-07-09 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Corona crisis and the Need for a Great Reset" is a guide for anyone who wants to understand how COVID-19 disrupted our social and economic systems, and what changes will be needed to create a more inclusive, resilient and sustainable world going forward. Thierry Malleret, founder of the Monthly Barometer, and Klaus Schwab, founder and executive Chairman of the World Economic Forum, explore what the root causes of these crisis were, and why they lead to a need for a Great Reset.Theirs is a worrying, yet hopeful analysis. COVID-19 has created a great disruptive reset of our global social, economic, and political systems. But the power of human beings lies in being foresighted and having the ingenuity, at least to a certain extent, to take their destiny into their hands and to plan for a better future. This is the purpose of this book: to shake up and to show the deficiencies which were manifest in our global system, even before COVID broke out.

The Death of Money

Author : James Rickards
Publisher : Penguin
ISBN 13 : 1591847710
Total Pages : 386 pages
Book Rating : 4.5/5 (918 download)

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Book Synopsis The Death of Money by : James Rickards

Download or read book The Death of Money written by James Rickards and published by Penguin. This book was released on 2017-04-04 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar. The U.S. dollar has been the global reserve currency since the end of World War II. If the dollar fails, the entire international monetary system will fail with it. But optimists have always said, in essence, that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government. In the last few years, however, the risks have become too big to ignore. While Washington is gridlocked, our biggest rivals—China, Russia, and the oil-producing nations of the Middle East—are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos. James Rickards, the acclaimed author of Currency Wars, shows why money itself is now at risk and what we can all do to protect ourselves. He explains the power of converting unreliable investments into real wealth: gold, land, fine art, and other long-term stores of value.

Aftermath

Author : James Rickards
Publisher : Penguin
ISBN 13 : 0735216967
Total Pages : 336 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis Aftermath by : James Rickards

Download or read book Aftermath written by James Rickards and published by Penguin. This book was released on 2019-07-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wall Street Journal bestseller Financial expert, investment advisor and New York Times bestselling author James Rickards shows why and how global financial markets are being artificially inflated--and what smart investors can do to protect their assets What goes up, must come down. As any student of financial history knows, the dizzying heights of the stock market can't continue indefinitely--especially since asset prices have been artificially inflated by investor optimism around the Trump administration, ruinously low interest rates, and the infiltration of behavioral economics into our financial lives. The elites are prepared, but what's the average investor to do? James Rickards, the author of the prescient books Currency Wars, The Death of Money, and The Road to Ruin, lays out the true risks to our financial system, and offers invaluable advice on how best to weather the storm. You'll learn, for instance: * How behavioral economists prop up the market: Funds that administer 401(k)s use all kinds of tricks to make you invest more, inflating asset prices to unsustainable levels. * Why digital currencies like Bitcoin and Ethereum are best avoided. * Why passive investing has been overhyped: The average investor has been scolded into passively managed index funds. But active investors will soon have a big advantage. * What the financial landscape will look like after the next crisis: it will not be an apocalypse, but it will be radically different. Those who forsee this landscape can prepare now to preserve wealth. Provocative, stirring, and full of counterintuitive advice, Aftermath is the book every smart investor will want to get their hands on--as soon as possible.

Greater Reset

Author : MICHAEL D. GREANEY
Publisher :
ISBN 13 : 9781505122596
Total Pages : 392 pages
Book Rating : 4.1/5 (225 download)

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Book Synopsis Greater Reset by : MICHAEL D. GREANEY

Download or read book Greater Reset written by MICHAEL D. GREANEY and published by . This book was released on 2022-03-15 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a hidden spark in the early days of 2020, the COVID-19 pandemic soon roared across every nation, decimating lives, economies, and social norms. Rather than uniting people to defeat a common enemy, the pandemic has widened economic, political, and social divisions everywhere. It has pitted faith against reason and inflamed the global scourges of poverty, racism, war, and environmental destruction. The pandemic has also surfaced proposals to remake the global economy and society. Most notable--and infamous--are a set of recommendations from the 2020 World Economic Forum calling for "the Great Reset." Blending welfare state socialism and monopoly capitalism, this would systematically eliminate a fundamental bulwark of personal independence and freedom--the universal right to, and rights of, private property. Is the Great Reset the malevolent scheme of a vast global elite to control the lives of ordinary people or a well-intentioned but dangerously misguided approach to correct systemic ills? Regardless, there is a question we all must ask: how will the dignity, freedom, and power of each human person be protected and promoted when universal human rights and their Transcendent Source have been rendered irrelevant? In The Greater Reset, Greaney and Brohawn trace the historical, religious, political, and economic roots of humanity's perilous condition and how returning to God-given, universal principles of natural law, with equal access to the institutions of the common good, can help build a more just, liberating, prosperous, and hopeful future for every person.

Russia After the Global Economic Crisis

Author : Anders Åslund
Publisher : Columbia University Press
ISBN 13 : 0881325147
Total Pages : 288 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Russia After the Global Economic Crisis by : Anders Åslund

Download or read book Russia After the Global Economic Crisis written by Anders Åslund and published by Columbia University Press. This book was released on 2010-06-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia After the Global Economic Crisis examines this important country after the financial crisis of 2007–09. The second book from The Russia Balance Sheet Project, a collaboration of two of the world's preeminent research institutions, the Peterson Institute for International Economics and the Center for Strategic and International Studies (CSIS), not only assesses Russia's international and domestic policy challenges but also provides an all-encompassing review of this important country's foreign and domestic issues. The authors consider foreign policy, Russia and its neighbors, climate change, Russia's role in the world, domestic politics, and corruption.

When Breath Becomes Air

Author : Paul Kalanithi
Publisher : Random House
ISBN 13 : 0812988418
Total Pages : 258 pages
Book Rating : 4.8/5 (129 download)

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Book Synopsis When Breath Becomes Air by : Paul Kalanithi

Download or read book When Breath Becomes Air written by Paul Kalanithi and published by Random House. This book was released on 2016-01-12 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 NEW YORK TIMES BESTSELLER • PULITZER PRIZE FINALIST • This inspiring, exquisitely observed memoir finds hope and beauty in the face of insurmountable odds as an idealistic young neurosurgeon attempts to answer the question What makes a life worth living? NAMED ONE OF PASTE’S BEST MEMOIRS OF THE DECADE • NAMED ONE OF THE BEST BOOKS OF THE YEAR BY The New York Times Book Review • People • NPR • The Washington Post • Slate • Harper’s Bazaar • Time Out New York • Publishers Weekly • BookPage Finalist for the PEN Center USA Literary Award in Creative Nonfiction and the Books for a Better Life Award in Inspirational Memoir At the age of thirty-six, on the verge of completing a decade’s worth of training as a neurosurgeon, Paul Kalanithi was diagnosed with stage IV lung cancer. One day he was a doctor treating the dying, and the next he was a patient struggling to live. And just like that, the future he and his wife had imagined evaporated. When Breath Becomes Air chronicles Kalanithi’s transformation from a naïve medical student “possessed,” as he wrote, “by the question of what, given that all organisms die, makes a virtuous and meaningful life” into a neurosurgeon at Stanford working in the brain, the most critical place for human identity, and finally into a patient and new father confronting his own mortality. What makes life worth living in the face of death? What do you do when the future, no longer a ladder toward your goals in life, flattens out into a perpetual present? What does it mean to have a child, to nurture a new life as another fades away? These are some of the questions Kalanithi wrestles with in this profoundly moving, exquisitely observed memoir. Paul Kalanithi died in March 2015, while working on this book, yet his words live on as a guide and a gift to us all. “I began to realize that coming face to face with my own mortality, in a sense, had changed nothing and everything,” he wrote. “Seven words from Samuel Beckett began to repeat in my head: ‘I can’t go on. I’ll go on.’” When Breath Becomes Air is an unforgettable, life-affirming reflection on the challenge of facing death and on the relationship between doctor and patient, from a brilliant writer who became both.

The 2030 Spike

Author : Colin Mason
Publisher : Routledge
ISBN 13 : 1136555110
Total Pages : 256 pages
Book Rating : 4.1/5 (365 download)

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Book Synopsis The 2030 Spike by : Colin Mason

Download or read book The 2030 Spike written by Colin Mason and published by Routledge. This book was released on 2013-06-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The clock is relentlessly ticking! Our world teeters on a knife-edge between a peaceful and prosperous future for all, and a dark winter of death and destruction that threatens to smother the light of civilization. Within 30 years, in the 2030 decade, six powerful 'drivers' will converge with unprecedented force in a statistical spike that could tear humanity apart and plunge the world into a new Dark Age. Depleted fuel supplies, massive population growth, poverty, global climate change, famine, growing water shortages and international lawlessness are on a crash course with potentially catastrophic consequences. In the face of both doomsaying and denial over the state of our world, Colin Mason cuts through the rhetoric and reams of conflicting data to muster the evidence to illustrate a broad picture of the world as it is, and our possible futures. Ultimately his message is clear; we must act decisively, collectively and immediately to alter the trajectory of humanity away from catastrophe. Offering over 100 priorities for immediate action, The 2030 Spike serves as a guidebook for humanity through the treacherous minefields and wastelands ahead to a bright, peaceful and prosperous future in which all humans have the opportunity to thrive and build a better civilization. This book is powerful and essential reading for all people concerned with the future of humanity and planet earth.

Global Trends 2040

Author : National Intelligence Council
Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Open Secret

Author : Erin Arvedlund
Publisher : Penguin
ISBN 13 : 1101635762
Total Pages : 284 pages
Book Rating : 4.1/5 (16 download)

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Book Synopsis Open Secret by : Erin Arvedlund

Download or read book Open Secret written by Erin Arvedlund and published by Penguin. This book was released on 2014-09-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Gaming the LIBOR—that is, fixing the price of money—had become just that: a game. Playing it was the price of admission to a club of men who socialized together, skied in Europe courtesy of brokers and expense accounts, and reaped million-dollar bonuses.” In the midst of the financial crisis of 2008, rumors swirled that a sinister scandal was brewing deep in the heart of London. Some suspected that behind closed doors, a group of chummy young bankers had been cheating the system through interest rate machinations. But with most eyes focused on the crisis rippling through Wall Street and the rest of the world, the story remained an “open secret” among competitors. Soon enough, the scandal became public and dozens of bankers and their bosses were caught red-handed. Several major banks and hedge funds were manipulating and misreporting their daily submission of the London Interbank Offered Rate, better known as the LIBOR. As the main interest rate that pulses through the banking community, the LIBOR was supposed to represent the average rate banks charge each other for loans, effectively setting short-term interest rates around the world for trillions of dollars in financial contracts. But the LIBOR wasn’t an average; it was a combination of guesswork and outright lies told by scheming bankers who didn’t want to signal to the rest of the market that they were in trouble. The manipulation of the “world’s most important number” was even greater than many realized. The bankers kept things looking good for themselves and their pals while the financial crisis raged on. Now Erin Arvedlund, the bestselling author of Too Good to Be True, reveals how this global network created and perpetuated a multiyear scam against the financial system. She uncovers how the corrupt practice of altering the key interest rate occurred through an unregulated and informal honor system, in which young masters of the universe played fast and loose, while their more seasoned bosses looked the other way (and would later escape much of the blame). It was a classic private understanding among a small group of competitors—you scratch my back today, I’ll scratch yours tomorrow. Arvedlund takes us behind the scenes of elite firms like Barclays Capital, UBS, Rabobank, and Citigroup, and shows how they hurt ordinary investors—from students taking out loans to homeowners paying mortgages to cities like Philadelphia and Oakland. The cost to the victims: as much as $1 trillion. She also examines the laxity of prominent regulators and central bankers, and exposes the role of key figures such as: Tom Hayes: A senior trader for the Swiss financial giant UBS who worked with traders across eight other banks to influence the yen LIBOR. Bob Diamond: The shrewd multimillionaire American CEO of Barclays Capital, the British bank whose traders have been implicated in the manipulation of the LIBOR. Mervyn King: The governor of the Bank of England, who ignored U.S. Treasury secretary Tim Geithner’s repeated recommendations to establish stricter regulations over the interest rate. Arvedlund pulls back the curtain on one of the great financial scandals of our time, uncovering how millions of ordinary investors around the globe were swindled by the corruption and greed of a few men.

The Financial Crisis Inquiry Report

Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.