The global elites don't want this book to exist. Their plan to herd us like sheep to the slaughter when a global crisis erupts works only if we remain complacent....
Rickards explains why gold is one of the safest assets for investors in times of political instability and market volatility and how every investor should look to add gold to his or her portfolio....
Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled....
This book is Booth's clarion call for a change in the way America's most powerful financial institution is run - before it's too late....
Prosperity! outlines practical, actionable investments of your time and resources that will ensure you enjoy greater prosperity in your life, whatever the future may bring....
Best-selling author and financial guru Harry Dent shows why we’re facing a "great deflation" after five years of desperate stimulus - and what to do about it now....
In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar....
The authors explore when to expect the next bull market to begin and why, how the 2008 financial crisis has been "papered over" and what to watch for going forward....
Gold and silver have served as the ultimate safe haven from financial chaos throughout history, and today is no exception....
Here, Buckminster Fuller takes on the gigantic corporate megaliths that exert increasing control over every aspect of daily life....
Turk and Rubino are back to say that history is about to repeat....
We're now entering the winter season of the 80-year four season economic cycle. It's during this season that we'll clear the decks with a devastating crash and debilitating deflation....
In The Real Crash, New York Times best-selling author Peter D. Schiff argues that America is enjoying a government-inflated bubble, one that reality will explode... with disastrous consequences....
Lew Rockwell, in this new volume, examines the starkly contrasting systems of capitalism and fascism, noting profascist trends in recent decades as well as larger historical trends....
In his brand new audiobook, How to Survive (and Thrive) During the Great Gold Bust Ahead, Harry warns investors that moving their assets into gold isn't the safe haven they think it is....
In what is sure to become the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the colonial period through the mid-20th century....
The turn of the 2020s will mark an extremely rare convergence of low points for multiple political, economic, and demographic cycles....
Murray N. Rothbard's great treatise, Man, Economy, and State, and its complementary text, Power and Market, are here combined into a single audiobook edition....
A coruscating, brilliantly insightful exegesis of where capitalism went wrong, how it was corrupted, and how it might be restored, by outspoken former Reagan budget director and best-selling author David Stockman.
David Stockman was the architect of the Reagan Revolution that was meant to restore sound money principles to the United States government. It failed, derailed by politics, special interests, welfare, and warfare. In The Great Deformation, Stockman describes how the working of free markets and democracy has long been under threat in America and provides a surprising, nonpartisan catalog of the corrupters and defenders. His analysis overturns the assumptions of Keynesians and monetarists alike, showing how both liberal and neoconservative interference in markets has proved damaging and often dangerous. Over time, crony capitalism has made fools of us all, transforming Republican treasury secretaries into big-government interventionists and populist Democrat presidents into industry-wrecking internationalists. Today’s national debt stands at nearly $16 trillion. Divided equally among taxpayers, each of us is $52,000 in debt. This book explains how we got here—and why this warped crony capitalism has betrayed so many of our hopes and dreams.
This is an excellently supported book that goes into extraordinary detail of the US economy from the period leading up to the great depression to the present. This is not a quick or easy listen. The author may be an expert in economics but he is not an expert writer. The book is very long and filled with annoying mixed metaphors (that are sometimes so bad they are funny), cliches repeated ad nauseam, and jumps wildly between temporally distant causes and effects and from one subject to another. Thus I can’t say this was a pleasure of a listen. Nevertheless the author makes quite a few really excellent points. The author shows extreme political independence casting blame and praise regardless of party. The book is also quite a downer, filled with doom and gloom with almost no way out. This book is filled with facts and statistics that are key to understanding our economic past and future. I did not agree with everything the author proposes (the gold standard), but I was surprised by how much I found quite convincing. Clearly this tomb is not for everyone. This is more than a bit dry and detailed oriented, yet I found it a very rational alternative view of modern economics,
40 of 42 people found this review helpful
What made the experience of listening to The Great Deformation the most enjoyable?
If you have any interest in what is going on in the United States economically, and why things are not working out as the "talking heads" from the Obama Administration to CNBC keep promising us they are, then you need to listen to this book.<br/><br/>We know something is wrong. And it is not as simple as Democrats versus Republicans.
Which scene was your favorite?
Chapters 32 and beyond tie up all the loose strings and takes a look at where we are today, why things are worse than we believe, and what, if anything can be done to change our direction.<br/><br/>Not to be pessimistic, but it will take a seismic shift to change things for the United States, and that shift will not be painless. <br/><br/>But it will be less painful that what we have coming if we just do nothing.
Was there a moment in the book that particularly moved you?
I have been a student of the economy for many decades. But I was never able to tie the role of government malfeasance together with what was happening beyond the last one or two administrations.<br/><br/>Stockman makes it perfectly clear. This is not and has not been a Democratic or a Republican created crisis. Instead, it is a crisis of meddlers in an economic system called Capitalism, and they have meddled with it without grasping what they were doing.<br/><br/>We have sacrificed long term gain for short-term jumps in consumption over and over again, with no regard for how we are going to replace that consumption that we pulled from the future into today's market.<br/><br/>And we have sacrificed a solid money supply for one of fiat money, where budgets do not matter(Thank you Richard Nixon).<br/><br/>Meanwhile we approach $20 trillion in deficits with artificially low interest rates, which have encouraged even more borrowing. Thank you Alan Greenspan and Ben Bernanke.
Any additional comments?
If you think the rules of the the United States economy have changed and you think the rules of investing have changed, you are right.<br/><br/>Stockman goes back to the roots of this rotten tree and explains in very good detail how we got here, and why we are dying economically, even though we are told over and over and over again that the economy is turning the corner. It isn't.<br/><br/>This book is long, but well worth the listening time to complete. Our future economic success has been placed into the hands of just a few single points of failure. <br/><br/>It's important you know why it's failing, so that you can prepare for what is certainly coming in the not too distant future for the United States.
10 of 10 people found this review helpful
I'm only about 1/2 way through this audiobook but wanted to write a review anyways.
From the start of this book I was highly engaged even though it is filled with more data, stats, and numbers than I could realistically consume. It was very eye opening and even though it does jump a round quite a bit, its like a history lesson told from financial side of things. It gives you a new perspective on government, politics, and political figures. Money changes everything.
I actually feel like everyone should listen to this book. Even though quite a bit goes over my head, and there is so much information to consume, there are parts that will really stand out to you. You'll gain an understanding of how our financial system works, and fails... and might open your eyes to the future. Highly recommended.
8 of 8 people found this review helpful
Mr. Stockman certainly has the credentials to back up his thesis, and the message is an important one for our times. Not only was he a member of President Reagan's Office of Management and Budget, he spent many years working in the world of banking and finance, and actually ran a real, decently sized business for several years.
However his writing style leaves something to be desired. He tends to overuse superlative and hyperbole, and some of his images and analogies are obscure. There are far too many adjectives -- the book could probably have been reduced by 25% without affecting the message, just by getting rid of the extra words.
Another difficulty that the listener may experience is that the timelines tend to be convoluted. A recent train of events is related and then the story jumps back to the early 20th century to fill in historical background and identify the causes which let to the recent events. I am not sure that the story could have been told better in a different way, however: it is a very complex subject and he covers it in detail.
This book is definitely important if one wishes to understand how the US economy got into its current situation.
4 of 4 people found this review helpful
Any additional comments?
I could not wait for 36 hours to rebut the 1 star review, so after 1 hour of listening I give this book the highest marks for content and production. Finally someone who understands both Government and finance lays out in understandable and chronological order how crony capitalism, an unchecked FED and bigger and bigger government is destroying free market capitalism and prosperity in this country.
18 of 21 people found this review helpful
This book is right up there with "Human Action," "Where the Right Went Wrong" and "Palestine: Peace Not Apartheid" in terms of taking complex subjects and explaining them in ways that reveal their essential truths.
I majored in economics but the macro side was never explained or taught to me in a way that made as much sense as does this book. Mr. Stockman has rendered a great service to both the contemporary audience and future generations in producing this singular work.
2 of 2 people found this review helpful
I did my best, I'm interested in the subject and the historic approach, but this is repetitive, full of lingo, and exhausting. I gave up.
1 of 1 people found this review helpful
First, I have to say it's a bit long and David repeats himself a couple of times. But the description of political processes and why things happened in the 60's, 70's, 80's, 90's and now is instrumental in understanding what the issues are, why we face them, and how to change so this country can survive.
You can't possibly understand the complexity of the political issues and financial troubles we have, until you read or listen to this book.
Great job David!
1 of 1 people found this review helpful
This is a difficult book to read for 2 reasons.
First, Stockman builds a solid narrative of successive short-sighted political decisions that led to terrible repercussions for democracy and the US economy. Starting with Roosevelt on through Obama, each president made choices that deformed normal economic mechanisms. His criticisms are not really partisan, as he bashes Nixon and Bush as much as Democrats. The examples he uses are numerous, devastating, and often mind-numbing in detail. The conclusions and predictions are very pessimistic.
The second reason the book is difficult is because Stockman is a really bad writer. Seemingly everything "grows like Topsy." Thousands of things are said that are "needless to say." Things "literally explode" that are not pyrotechnic. The countless cliches and a rather tedious sentence structure make the reading unpleasant. That a businessman like Stockman is not a prose stylist is not much of a fault, but why didn't the publisher have the book edited by someone fluent in English?
9 of 13 people found this review helpful
Is there anything you would change about this book?
The style of writing is extremely annoying. It's hard enough to follow an audiobook that is full of statistics and dates, followed by names and positions; but Stockman makes it even more difficult by showcasing his capacious and abstruse vocabulary (if those don't ring a bell for you...then this book probably isn't for you). He frequently uses rarely used and technical language followed by something akin to a pop-culture reference. It causes the listener to have to rewind and re-listen to portions again and again. In addition, I got tired of hearing the constant hyperbole in virtually every chapter. I realize that costly mistakes were made by men in power in the past, but not every mistake can be a "monumental blunder of epic proportions". While I did find much of the information useful, and I was thankful for the thorough explanation of the topics discussed, I would probably have preferred a book with less discussion about the Great Depression in favor of a book that focused on more recent history. 30+ hours is a very long book. The narrator does an excellent job in my opinion, but the content is just not at the same level.
4 of 7 people found this review helpful
The author goes into a lot of detail but the history lesson and overriding points are worth the effort! Put it on 3x listening speed and try to make it to the end!
1 of 1 people found this review helpful