About this product: This Much Is True: You Have Been Lied To.
The government is expanding.
Taxes are increasing.
More senseless wars are being planned.
Inflation is ballooning.
Our basic freedoms are disappearing.
The Founding Fathers didn't want any of this. In fact, they said so quite clearly in the Constitution of the United States of America. Unfortunately, that beautiful, ingenious, and revolutionary document is being ignored more and more in Washington. If we are to enjoy peace, freedom, and prosperity once again, we absolutely must return to the principles upon which America was founded. But finally, there is hope . . .
In THE REVOLUTION,Texas congressman and presidential candidate Ron Paul has exposed the core truths behind everything threatening America, from the real reasons behind the collapse of the dollar and the looming financial crisis, to terrorism and the loss of our precious civil liberties. In this book, Ron Paul provides answers to questions that few even dare to ask.
Despite a media blackout, this septuagenarian physician-turned-congressman sparked a movement that has attracted a legion of young, dedicated, enthusiastic supporters . . . a phenomenon that has amazed veteran political observers and made more than one political rival envious. Candidates across America are already running as "Ron Paul Republicans."
"Dr. Paul cured my apathy," says a popular campaign sign. THE REVOLUTION may cure yours as well.
About this product: In the immediate aftermath of September 11, 2001, in his fourteenth year as Chairman of the Federal Reserve Board, Alan Greenspan took part in a very quiet collective effort to ensure that America didn't experience an economic meltdown, taking the rest of the world with it. There was good reason to fear the worst: the stock market crash of October 1987, his first major crisis as Federal Reserve Chairman, coming just weeks after he assumed control, had come much closer than is even today generally known to freezing the financial system and triggering a genuine financial panic. But the most remarkable thing that happened to the economy after 9/11 was...nothing. What in an earlier day would have meant a crippling shock to the system was absorbed astonishingly quickly.
After 9/11 Alan Greenspan knew, if he needed any further reinforcement, that we're living in a new world - the world of a global capitalist economy that is vastly more flexible, resilient, open, self-directing, and fast-changing than it was even 20 years ago. It's a world that presents us with enormous new possibilities but also enormous new challenges. The Age of Turbulence is Alan Greenspan's incomparable reckoning with the nature of this new world - how we got here, what we're living through, and what lies over the horizon, for good and for ill-channeled through his own experiences working in the command room of the global economy for longer and with greater effect than any other single living figure. He begins his account on that September 11th morning, but then leaps back to his childhood, and follows the arc of his remarkable life's journey through to his more than 18-year tenure as Chairman of the Federal Reserve Board, from 1987 to 2006, during a time of transforming change.
Alan Greenspan shares the story of his life first simply with an eye toward doing justice to the extraordinary amount of history he has experienced and shaped. But his other goal is to draw readers along the same learning curve he followed, so they accrue a grasp of his own understanding of the underlying dynamics that drive world events. In the second half of the book, having brought us to the present and armed us with the conceptual tools to follow him forward, Dr. Greenspan embarks on a magnificent tour de horizon of the global economy. He reveals the universals of economic growth, delves into the specific facts on the ground in each of the major countries and regions of the world, and explains what the trend-lines of globalization are from here. The distillation of a life's worth of wisdom and insight into an elegant expression of a coherent worldview, The Age of Turbulence will stand as Alan Greenspan's personal and intellectual legacy.
A Timeline of a Remarkable Career
Mar. 6, 1926
Born in New York City
1936
At 10 sees Roosevelt campaigning; becomes expert on the 1936 Yankees
1938
Takes up clarinet at 12
1943-44
Studies clarinet at Julliard
Mid 1944
Joins Henry Jerome Band
1948
Graduates (summa cum laude) from New York University. (He later earns a master's in 1950 and a Ph.D. in 1977, also from NYU.) Hired as economic analyst at the Conference Board.
1954-74
Co-founds Townsend-Greenspan & Co. Inc., an economic consulting firm in New York City. (He returns in 1977.)
1974
Nominated by President Ford as chairman of the President's Council of Economic Advisors.
1983
Chair of bipartisan National Commission on Social Security Reform.
June 1, 1987
Nominated by President Reagan for Fed Chair. Confirmed by Senate August 3.
Oct. 19, 1987
Only 69 days into Greenspan's term, the Dow drops 508 points and 22%.
July 10, 1991
Nominated by President George H.W. Bush to a second term as Fed Chairman. Later nominated to a third (February 22, 1996) and fourth term (January 4, 2000) by President Clinton.
Apr. 6, 1997
Marries Andrea Mitchell
May 18, 2004
Nominated by President George W. Bush for a fifth term as Fed chairman
Jan. 31, 2006
Completes 18 ½ years at the Fed
Feb. 1, 2006
Forms Greenspan Associates LLC, an economic consulting firm
Alan Greenspan's Top 10 Classical and Jazz Favorites
Before Alan Greenspan embarked on his legendary financial career, he studied the clarinet at Julliard and played as a professional jazz musician (while doing tax returns for his bandmates). He chose 10 favorites for us from a lifetime of listening, including:
About this product: In the New York Times bestseller The Late Great USA: The Coming Merger with Mexico and Canada, Jerome Corsi proves that the benignly-named "Security and Prosperity Partnership," created at a meeting between George W. Bush, Stephen Harper and Vincente Fox, is in fact the same kind of regional integration plan that led Europe to form the EU. According to Corsi, the elites in Europe who wanted to create a European nation knew that "it would be necessary to conceal from the peoples of Europe just what was being done in their name until the process was so far advanced that it had become irreversible." Could the same thing be happening here? Is American sovereignty doomed?
Using dozens of documents secured through the Freedom of Information Act and his trademark hard-hitting interviews, Jerome Corsi sets out a chilling view of America's possible "harmonized" future -- one being created covertly, without voter input or Congressional oversight. Could our government's unfathomable position on illegal immigration be tied to the prospect of an integrated North American Union?
About this product: Cecchetti’s Money, Banking, and Financial Markets, 2e offers a fresh, modern, and more student-friendly approach to the subject. Students will find the material more relevant and interesting because of the book’s unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. Cecchetti is THE money and banking book for today’s students. By focusing on the big picture via core principles, Cecchetti teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students’ knowledge will not be out of date. The author draws on his vast experience, which includes: VP at the Federal Reserve Bank of New York, publishing in and editing various journals, consulting for the European Central Bank, the Bank of England, the Bank of Israel, and the Reserve Bank of Australia, as well as his years of teaching at various schools including Ohio State, Brandeis, Princeton, and Oxford University.
About this product: EXPLODING THE MYTHS ABOUT MONEY Our money system is not what we have been led to believe. The creation of money has been "privatized," or taken over by a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions -- including the private Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices -- and robbing you of the value of your money. Web of Debt unravels the deception and presents a crystal clear picture of the financial abyss towards which we are heading. Then it explores a workable alternative, one that was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation's, you should read this book.
About this product: Ben Bernanke's swearing in as Federal Reserve chairman in 2006 marked the end of Alan Greenspan's long, legendary career. To date, the new chair has garnered mixed reviews. Business economists see him as the best-qualified successor to Greenspan, while many traders and investors worry that he's too academic for the job. Meanwhile, ordinary Americans do not even know who he is.
How will Bernanke's leadership affect the Fed's actions in the coming years? How will Bernanke build on Greenspan's success, but also put his own stamp on the Fed? What will all this imply for businesses and investors? In Ben Bernanke's Fed, Ethan Harris provides exceptional insights into these crucial issues.
Engaging and discerning, this book demystifies the man who has stepped into what many describe as the second most powerful job in America.
No matter who you are-investor, trader, homeowner, 401(k) holder, or CEO-you are bound to feel the impact of Alan Greenspan's “Age of Ignorance” for years to come.
According to MSN Money columnist William A. Fleckenstein, Greenspan's nearly 19-year career as Federal Reserve Chairman is even worse than anyone imagined. Labeled “Mr. Bubble” by the New York Times, Greenspan was nothing less than a serial bubble blower with a long history of bad decision-making. His famous “Greenspan Put” fueled the perception of a Goldilocks economy-but, as this explosive exposé reveals, the bear has finally caught up with Goldilocks.
Using transcripts of Greenspan's FOMC meetings as well as testimony before Congress, this eye-opening book delivers a timeline of his most devastating mistakes and weaves together the connection between every economic calamity of the past 19 years:
The stock market crash of 1987
The Savings & Loan crisis
The collapse of Long Term Capital Management
The tech bubble of 2000
The feared Y2K disaster
The credit bubble and real estate crisis of 2007
Fleckenstein explains just how far-reaching Greenspan's mess has been flung, and presents damning evidence that contradicts the former Fed chief's public naiveté concerning shifts in the market and economy. He also points to a disturbing fact, that throughout his career, Greenspan not only made costly mistakes, but made the same ones-over and over again. And not only was he never able to recognize or admit to those mistakes, he constantly rewrote his own history to justify them.
Greenspan's Bubbles offers a lock-stock-and-barrel portrait of a flawed but fascinating man whose words and actions have led a whole generation astray, and whose legacy will continue to challenge us in the years ahead.
About this product: Hubbard demonstrates how we use economic tools to understand financial markets and institutions. In doing so, he helps students learn to interpret current events, predict future developments, and make better economic decisions. Introduction: Introducing Money and the Financial System; Money and the Payments System; Overview and the Financial System. Interest Rates: Interest Rates and Rates of Return; The Theory of Portfolio Allocation; Determining Market Interest Rates; Risk Structure and Term Structure of Interest Rates. Financial Markets: The Foreign Exchange Market and Exchange Rates; Derivative Securities and Derivative Markets; Information and Financial Market Efficiency; Reducing Transactions Costs and Information Costs.Financial Institutions: What Financial Institutions Do; The Business of Banking; The Banking Industry; Banking Regulation: Crisis and Response; Banking in the International Economy.The Money Supply Process and Monetary Policy: The Money Supply Process; Changes in the Monetary Base; Organization of Central Banks; Monetary Policy Tools; The Conduct of Monetary Policy; The International Financial System and Monetary Policy. The Financial System and the Macroeconomy: The Demand for Money; Linking the Financial System and the Economy: The IS-LM-FE Model; Aggregate Demand and Aggregate Supply; Money and Output in the Short Run; Information Problems and Channels for Monetary Policy; Inflation: Causes and Consequences. For all readers interested in money and banking.
About this product: Roughly once a year, the managing director of the International Monetary Fund, the U.S. treasury secretary and in some cases the finance ministers of other G-7 countries will get a call from the finance minister of a large emerging market economy. The emerging market finance minister will indicate that the country is rapidly running out of foreign reserves, that it has lost access to international capital markets and, perhaps, that is has lost the confidence of its own citizens. Without a rescue loan, it will be forced to devalue its currency and default either on its government debt or on loans to the country's banks that the government has guaranteed. This book looks at these situations and the options available to alleviate the problem. It argues for a policy that recognizes that every crisis is different and that different cases need to be handled within a framework that provides consistency and predictability to borrowing countries as well as those who invest in their debt.
The most powerful case against the American central bank ever written. This work begins with a mini-treatment of money and banking theory, and then plunges right in with the real history of the Federal Reserve System. Rothbard covers the struggle between competing elites and how they converged with the Fed.
Rothbard calls for the abolition of the central bank and a restoration of the gold standard. His popular treatment incorporates the best and most up-to-date scholarship on the Fed's origins and effects.
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