How bad will the current economy get? According to Eric Janszen, we could be facing an unemployment rate of over 10 percent; half of all retail stores boarded up; skeletons of unfinished buildings in our cities; and tax revenues down by 30 percent, leading to big cuts in government services. Meanwhile, inflation will keep rising as the Fed is forced to devalue the dollar because foreign countries won't lend to us anymore.
Sounds grim, but the good news is that this crisis will open the door to a saner economic future if we recognize the opportunity to correct decades of bad policy. America can wean itself from the debt-financed growth of the past 30 years and restructure to grow, based on old-fashioned savings and investment. Janszen shows that the key is not more big government but deploying our unique capacity for innovation through private-public partnerships.
He calls for a modern New Deal that develops 21st century industries, such as biotechnology, alternative energy, and nanotechnology. And he shows how our financial markets can adapt to make it happen. This is an essential book for everyone who is struggling to understand our current predicament.
©2010 Eric Janszen (P)2010 Tantor
"Unlike the many 'told you so' books of the past year, Eric Janszen takes a hard look at the foundations of the Great Recession of 2009, explaining why gold prices rose, why the U.S. dollar is safer than we think, and why houses make terrible investments. And rather than suggesting another round of post-hoc regulation, Janszen points the way towards a sustainable future in infrastructure investment. Janszen has the goods." (Scott Reynolds Nelson, Legum Professor of History, College of William & Mary, author of Crash: An Uncommon History of America's Financial Disasters)
Informative, insightful and breaks down our fake system legal/government that is high jacked by the banks.
The manipulation of currency and printing of money that is not backed to anything and that the world is aware of our pathetic sorry strategy and they are onto us. TICK TOC....It's only a matter of time we wake up and our money is not worth anything.
No I have not.
I was aware of all the issues he address I just never new how to verbalize it due to the complexities involved.
I believe reading the book yourself is almost always better. You exercise your mind and functions by doing so.
End The Fed by Ron Paul
You get an earful and find yourself nodding in agreement, as well as shaking your head in disgust. If you like to live life and not know anything, stay away from this book, otherwise you will get a glimpse of something that may wake you up to the fact that we are just wealth producing cattle/slaves being bought and sold on the market.
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