Fed Up

Author: Danielle DiMartino Booth
Publisher: Penguin
ISBN: 0735211663
Size: 27.59 MB
Format: PDF
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A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy After correctly predicting the housing crash of 2008 and quitting her high-ranking Wall Street job, Danielle DiMartino Booth was surprised to find herself recruited as an analyst at the Federal Reserve Bank of Dallas, one of the regional centers of our complicated and widely misunderstood Federal Reserve System. She was shocked to discover just how much tunnel vision, arrogance, liberal dogma, and abuse of power drove the core policies of the Fed. DiMartino Booth found a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devo­tion to their theoretical models. Over the next nine years, she and her boss, Richard Fisher, tried to speak up about the dangers of Fed policies such as quanti­tative easing and deeply depressed interest rates. But as she puts it, “In a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight.” Now DiMartino Booth explains what really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented ex­periment: lowering interest rates to zero and flooding America with easy money. As she feared, millions of individuals, small businesses, and major corporations made rational choices that didn’t line up with the Fed’s “wealth effect” models. The result: eight years and counting of a sluggish “recovery” that barely feels like a recovery at all. While easy money has kept Wall Street and the wealthy afloat and thriving, Main Street isn’t doing so well. Nearly half of men eighteen to thirty-four live with their parents, the highest level since the end of the Great Depression. Incomes are barely increasing for anyone not in the top ten percent of earners. And for those approaching or already in retirement, extremely low interest rates have caused their savings to stagnate. Millions have been left vulnerable and afraid. Perhaps worst of all, when the next financial crisis arrives, the Fed will have no tools left for managing the panic that ensues. And then what? DiMartino Booth pulls no punches in this exposé of the officials who run the Fed and the toxic culture they created. She blends her firsthand experiences with what she’s learned from dozens of high-powered market players, reams of financial data, and Fed docu­ments such as transcripts of FOMC meetings. Whether you’ve been suspicious of the Fed for decades or barely know anything about it, as DiMartino Booth writes, “Every American must understand this extraordinarily powerful institution and how it affects his or her everyday life, and fight back.”

2008

Author: George Soros
Publisher:
ISBN: 9789601418353
Size: 53.65 MB
Format: PDF, Mobi
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Translation of 'The economic crisis of 2008 and the importance of". The author explores the origins of the major credit crisis and its future implications on each country and the world economy.

An Insider S Memoir

Author: Gordon Bryant Brown
Publisher: FriesenPress
ISBN: 1525523287
Size: 23.27 MB
Format: PDF, Kindle
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Do you wonder; • Why is there so much national debt? • Where has the middle class gone? • Why do my kids have less opportunity than I did? If so, this book is for you! • 97% of money is created by the banks, not by governments. • The Federal Reserve is a private bank controlled by private banks. • Adam Smith did not say an invisible hand guides the markets. • Government debt was static until the mid-1970’s and has soared since. • Milton Friedman and Alan Greenspan both admitted to fundamental economic errors. • About 1/3 of an average persons’ spending is goes to banks as interest. • Corporations are using treaties to overrule nations and democracy. • The TARP bank bailouts were the biggest theft in history.

Insider S Guide To Key Committee Staff Of The U S Congress 2009

Author: Suzanne Struglinski
Publisher: Bernan Press
ISBN: 1598883062
Size: 24.38 MB
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"The Almanac of the Unelected" is the leading source for information about Congressional staff: the essential individuals who help elected officials establish political positions on issues, craft legislation, and put policies in place. This new edition features in-depth profiles of more than 600 senior Congressional committee staff members.

The American Monetary System

Author: William H. Wallace
Publisher: Springer Science & Business Media
ISBN: 331902907X
Size: 11.98 MB
Format: PDF, ePub
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Today’s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly wander into such ventures seems to grow daily. There is also the realization that people’s lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them.

Plunder

Author: Danny Schechter
Publisher: Cosimo, Inc.
ISBN: 1616405848
Size: 11.33 MB
Format: PDF, Mobi
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DANNY SCHECHTER, "The News Dissector" has spent decades as a truth teller in the media, with leading media companies and as an independent filmmaker with the award-winning independent company Globalvision. A graduate of Cornell and the London School of Economics, Schechter was a Nieman Fellow at Harvard and a multiple Emmy Award winner at ABC News, where he was among the first to cover the S&L crisis. In 2007, his film IN DEBT WE TRUST was the first to expose Wall Street's connection to subprime loans, predicting the economic crisis that this book investigates. Schechter is a blogger, editor of Mediachannel.org, and author of nine books. He has reported from 53 countries, and lives in Gotham. He owns no derivatives or tranches.

Debt Of Honor

Author: Tom Clancy
Publisher: Penguin
ISBN: 9781101002360
Size: 68.40 MB
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Razio Yamata is one of Japan's most influential industrialists, and part of a relatively small group of authority who wield tremendous authority in the Pacific Rim's economic powerhouse. He has devised a plan to cripple the American greatness, humble the US military, and elevate Japan to a position of dominance on the world stage. Yamata's motivation lies in his desire to pay off a Debt of Honor to his parents and to the country he feels is responsible for their deaths—America. All he needs is a catalyst to set his plan in motion. When the faulty gas tank on one Tennessee family's car leads to their fiery death, an opportunistic U. S. congressman uses the occasion to rush a new trade law through the system. The law is designed to squeeze Japan economically. Instead, it provides Yamata with the leverage he needs to put his plan into action. As Yamata's plan begins to unfold, it becomes clear to the world that someone is launching a fully-integrated operation against the United States. There's only one man to find out who the culprit is—Jack Ryan, the new President's National Security Advisor.

The Courage To Act

Author: Ben S. Bernanke
Publisher: W. W. Norton
ISBN: 9780393353990
Size: 57.50 MB
Format: PDF
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A fascinating account of the effort to save the world from another [Great Depression]. . . . Humanity should be grateful. Financial Times"

Bailout

Author: Irvine H. Sprague
Publisher: Beard Books
ISBN: 9781587980176
Size: 23.99 MB
Format: PDF, Mobi
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During the high interest times in the 1970's and 1980's, the banks and the savings and loan associations were under heavy financial pressure. Hundreds of them failed. The Home Loan Bank Board permitted the savings and loan associations to treat goodwill as capital, thereby allowing them to remain open and to build up enormous losses that eventually cost the taxpayers billions of dollars. The Federal Deposit Insurance Corporation took a different approach. It closed the banks or sold them, all at no cost to the taxpayers. Bailout is the engrossing story of how the FDIC handled four of these failures. Book jacket.