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Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism
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Customer Reviews
Rating:  - Great
Reading this book requires some background knowledge in economics and finances, but it's great. It's packed with statistics (hence the subject matter) and it has a kind of academic vibe, so it's not for everybody. But it's very insightful and a great critique of what American capitalism has become. A supplemental read for those interested in solutions to our environmental and economic woes, should read "Natural Capitalism: Creating The Next Industrial Revolution."
Rating:  - Irritating CD
Bad Money on CD is read by Scott Brick. He has a somewhat intense and annoying delivery which soon becomes intolerable since he uses the same level of emphasis in every sentence - even those which merely reference material in later chapters. It makes him sound like he lacks any comprehension of the material he's reciting. I kept thinking he must be under time pressure because he's just reading this, not trying to convey what it means. I couldn't make it past the second CD in the set but I'll get the book because it sounds worth reading.
I just finished The Revolution by Ron Paul on CD read by Bob Craig. It was wonderful! Craig has a great voice and I was convinced he empathized with the material he was reading. I would be tempted to get anything read by Bob Craig.
Rating:  - bad money
If you intend to invest in property,now is the time. Read this book and find out why. The markets are headed down as globalism continues to outsource the wealth of working Americans. Read this book and find out who set this down ward spiral into motion. There is plenty of information to cover anybody's political preferences even for a left leaning author, he hits all the bases.
Rating: - Finally--understand why you're paying $5 for gas!
This is a stunning book. If you wondered why your gas prices have tripled over the last year, why your jaw drops every week when you see the cost of groceries at the store, and yet the government says there's no inflation, this book explains *everything*. Before, I just couldn't get it. I thought I must be missing something obvious. But it's not obvious. You and I have been very carefully duped. The real story started almost 35 years ago with an agreement between Saudi Arabia and Nixon. They would be allowed to set oil prices if they would sell oil in dollars and then buy our national debt in the form of treasuries. Our dollar has been on a de facto oil standard ever since, and now the house of cards has collapsed. Phillips explains this and how it all ties together with the credit crisis, the housing bubble collapse, and a dozen other issues you probably thought, like I did, you couldn't understand. I promise, this book will open your eyes.
Rating: - wonderful book
if you read the 'prize' and alan's 'the age of turbulance' you will definitely like this book. this book provide a new perspective to the petro-dollar by analyzing the development of financial industries in USA.
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