81 Results for : bailouts
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Juggernaut: Why the System Crushes the Only People Who Can Save It , Hörbuch, Digital, ungekürzt, 1163min
By now, everyone recognizes the severity of the 2007-08 financial crisis. But, to many Americans, the bailouts, stimulus packages, and regulatory schemes aimed at solving the problem seemed to merely pull the economy further into the mire of bureaucracy, party politics, and unsustainable debt that led to the crisis in the first place. Only the bankers and officials who caused the problem were in a position to solve it, and so fixing the system necessarily meant becoming part of it - and thus making it even harder to fix. This is the crux of the Juggernaut. A sprawling, uncontrollable system that only grows larger and more berserk the more we try to quell it, the Juggernaut has become a way of life. It is not, as many would suggest, a product of the last 10 or even 30 years. Rather, it is inherent in the system itself, with roots that reach as far back as Columbus and the dawn of modern times. In this stunning new story of political economy, author Eric Robert Morse examines why the modern system has become so unwieldy and explains what must be done to correct it. His astute analysis and fascinating storytelling take readers on an epic journey, from the dawn of free-market capitalism during the age of exploration, through the industrial revolution and Adam Smith, to the rise of Keynesianism and the dominance of the welfare state. Drawing from all corners of political, social, and economic study, including specialism and the division of labor, competition and game theory, and statism and public choice theory, Morse weaves together a groundbreaking economic theory, which promises to shake up the current political discourse and usher in a new era of cooperation and prosperity. ungekürzt. Language: English. Narrator: Fred Filbrich. Audio sample: https://samples.audible.de/bk/acx0/006810/bk_acx0_006810_sample.mp3. Digital audiobook in aax.- Shop: Audible
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Listen, Liberal: Or, What Ever Happened to the Party of the People? , Hörbuch, Digital, ungekürzt, 507min
From the best-selling author of What's the Matter with Kansas, a scathing look at the standard-bearers of liberal politics - a book that asks: What's the matter with Democrats? It is a widespread belief among liberals that if only Democrats can continue to dominate national elections, if only those awful Republicans are beaten into submission, the country will be on the right course. But this is to fundamentally misunderstand the modern Democratic Party. Drawing on years of research and first-hand reporting, Frank points out that the Democrats have done little to advance traditional liberal goals: expanding opportunity, fighting for social justice, and ensuring that workers get a fair deal. Indeed, they have scarcely dented the free-market consensus at all. This is not for lack of opportunity: Democrats have occupied the White House for 16 of the last 24 years, and yet the decline of the middle class has only accelerated. Wall Street gets its bailouts, wages keep falling, and the free-trade deals keep coming. With his trademark sardonic wit and lacerating logic, Frank lays bare the essence of the Democratic Party's philosophy and how it has changed over the years. A form of corporate and cultural elitism has largely eclipsed the party's old working-class commitment, he finds. For certain favored groups, this has meant prosperity. But for the nation as a whole, it is a one-way ticket into the abyss of inequality. In this critical election year, Frank recalls the Democrats to their historic goals - the only way to reverse the ever-deepening rift between the rich and the poor in America. ungekürzt. Language: English. Narrator: Thomas Frank. Audio sample: https://samples.audible.de/bk/aren/002195/bk_aren_002195_sample.mp3. Digital audiobook in aax.- Shop: Audible
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Guide to Investing in Gold and Silver: Protect Your Financial Future , Hörbuch, Digital, ungekürzt, 449min
This is an updated version of the book that accurately predicted the global stock market crash of 2008, the bursting of the real estate bubble, and Ben Bernanke's unprecedented overreaction via quantitative easing programs. First published in 2008, the book quickly became a best seller not just for its timely insight into precious metals investment but for its amazingly accurate prediction of a "roller-coaster crash" - the manipulated whipsaw between inflation, deflation, and back again. In this latest update to his book, author Michael Maloney adds his thoughts on what has played out so far, what we may be facing soon, and how gold and silver can help you transform the coming economic storm into a once-in-a-lifetime opportunity. Gold and silver have served as the ultimate safe haven from financial chaos throughout history, and today is no exception. All the underlying fundamentals that caused the financial meltdown of 2008 have not been solved but have been magnified by the actions of the world's central banks. The bailouts, currency creation, market manipulation, derivatives expansion, and growth of the "too big to fail" banks only guarantee that the next crisis will make the crash of 2008 look like a speed bump on the way to the main event. Never in history has the global economy stood at such a precipice, and never in history has it been more vital to understand how, why, and where to invest in gold and silver. PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio. ungekürzt. Language: English. Narrator: Michael Maloney. Audio sample: https://samples.audible.de/bk/hach/003151/bk_hach_003151_sample.mp3. Digital audiobook in aax.- Shop: Audible
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Peak Trump: The Undrainable Swamp and the Fantasy of MAGA , Hörbuch, Digital, ungekürzt, 1154min
New York Times best-selling author David A. Stockman is the ultimate Washington insider turned iconoclast. He sounded the alarm on US deficit spending and special interest domination of both parties in the Triumph of Politics (1986); warned in The Great Deformation (2013) about massive public and private debt and the Fed's unhinged money printing and bailouts; and exposed the imperiled American economic dream in Trumped! (2016). Now in Peak Trump: The Undrainable Swamp and the Fantasy of MAGA, he debunks Trump-O-Nomics and the perils of Washington's addiction to perpetual wars. Stockman says Trump is headed for a great big fall from the imminent crash of a 30-year financial bubble, which he condemned on the campaign trail, but foolishly embraced once in office: "The Donald is not remotely the force of nature he's been made to seem by the Trump-obsessed media. To the contrary, he's actually a political flyweight, megalomaniacal incompetent, and bile-ridden bully who stumbled into the Oval Office against all odds; and then lucked-out a second time - bragging about the last gasp of a failing business cycle expansion that had 'recession ahead' written all over its forehead". Stockman says the Great Disrupter's lasting contribution will be to discredit "Imperial Washington's self-serving bipartisan consensus in favor of permanent war, unchained entitlements, fiscal incontinence, debt-fueled consumer spending, rampant corporate financial engineering and endless bubble inflations at the Fed." Stockman warns "the twin fiscal menace of the Warfare State and Welfare State" will be Trump's undoing. After taking the $2 trillion per year of uncontrolled entitlements off the table, Trump "then added insult to injury via his unfunded $1.7 trillion tax cut and massive defense and domestic spending increases. The result was a guaranteed $20 trillion explosion of the Federal debt over the coming decade."PLE ungekürzt. Language: English. Narrator: Russell Newton. Audio sample: https://samples.audible.de/bk/acx0/155666/bk_acx0_155666_sample.mp3. Digital audiobook in aax.- Shop: Audible
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Stop Being Poor: And Learn How to Free Yourself from the Banks , Hörbuch, Digital, ungekürzt, 164min
The crisis of 2008 ruined the savings of many Americans, postponing or degrading the quality of their retirement. After this latest betrayal, we are seemingly left with no safe options for growing what money we can save. On the flip side, after trillions of bank bailouts, individuals, small businesses, and professionals have difficulty getting loans. Fiscal education in our schools - and in the media - is poor and mostly wrong. The financial advice of what worked 20 years ago no longer works. Most of us cannot even imagine how to save money and have access to it when we need it. So we don't. We borrow from banks. We gamble our precious savings on Wall Street. We get trapped for years in student loans and credit card payments. We lose money every year from avoidable taxes, interest charges and fees. Our savings and peace of mind suffers. Our future suffers. There is a better way. It is called Privatized Banking. Yes, you've never heard of it. Privatized Banking is the traditional, American way of saving. Mostly forgotten during the booms (and busts) of the late 20th century, it has never failed in over 100 years. Through good times and bad, it has always worked. Yes, you really can save with guaranteed growth, with no chance of loss, and have access to cash for all your personal purchases, business financing, and retirement income. It works whether you are starting out on your first job, a business owner, or someone just looking to secure your future. This is not a brand-new gimmick or a "get-rich-quick" scheme, just proven knowledge that the banks, Wall Street, and their friends would rather you not know. Stop Being Poor is a fun, fast listen that doesn't require any special experience or education. It has no boring lectures, buzzwords, or sales hype - just a step by step explanation of what you need to know and how to get started. ungekürzt. Language: English. Narrator: Marc Solomon. Audio sample: https://samples.audible.de/bk/acx0/100665/bk_acx0_100665_sample.mp3. Digital audiobook in aax.- Shop: Audible
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Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America , Hörbuch, Digital, ungekürzt, 715min
The dramatic story behind the most audacious power grab in American history. The financial crisis that exploded in 2008 isn’t past but prologue. The stunning rise, fall, and rescue of Wall Street in the bubble-and-bailout era was the coming-out party for the network of looters who sit at the nexus of American political and economic power. The grifter class - made up of the largest players in the financial industry and the politicians who do their bidding - has been growing in power for a generation, transferring wealth upward through increasingly complex financial mechanisms and political maneuvers. Rolling Stone’s Matt Taibbi here unravels the whole fiendish story, digging beyond the headlines to get into the deeper roots and wider implications of the rise of the grifters. He traces the movement’s origins to the cult of Ayn Rand and her most influential - and possibly weirdest - acolyte, Alan Greenspan, and offers fresh reporting on the backroom deals that decided the winners and losers in the government bailouts. He uncovers the hidden commodities bubble that transferred billions of dollars to Wall Street while creating food shortages around the world, and he shows how finance dominates politics, from the story of investment bankers auctioning off America’s infrastructure to an inside account of the high-stakes battle for health-care reform - a battle the true reformers lost. Finally, he tells the story of Goldman Sachs, the “vampire squid wrapped around the face of humanity”. Taibbi has combined deep sources, trailblazing reportage, and provocative analysis to create the most lucid, emotionally galvanizing, and scathingly funny account yet written of the ongoing political and financial crisis in America. This is essential listening for anyone who wants to understand the labyrinthine inner workings of politics and finance in this country, and the profound consequences for us all. ungekürzt. Language: English. Narrator: Patrick Egan. Audio sample: https://samples.audible.de/bk/rand/002444/bk_rand_002444_sample.mp3. Digital audiobook in aax.- Shop: Audible
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How Markets Fail: The Logic of Economic Calamities , Hörbuch, Digital, ungekürzt, 795min
Behind the alarming headlines about job losses, bank bailouts, and corporate greed, there is a little-known story of bad ideas. For 50 years or more, economists have been busy developing elegant theories of how markets work - how they facilitate innovation, wealth creation, and an efficient allocation of society's resources. But what about when markets don't work? What about when they lead to stock-market bubbles, glaring inequality, polluted rivers, real-estate crashes, and credit crunches? In How Markets Fail, John Cassidy describes the rising influence of what he calls utopian economics, thinking that is blind to how real people act and which denies the many ways an unregulated free market can produce disastrous unintended consequences. He then looks to the leading edge of economic theory - including behavioral economics - to offer a new understanding of the economy, one that casts aside the old assumption that people and firms make decisions purely on the basis of rational self-interest. Taking the global financial crisis and current recession as his starting point, Cassidy explores a world in which everybody is connected and social contagion is the norm. In such an environment, he shows, individual behavioral biases and kinks - such as overconfidence, envy, copy-cat behavior, and myopia - often give rise to troubling macroeconomic phenomena, such as oil-price spikes, CEO greed cycles, and boom-and-bust waves in housing. These are the inevitable outcomes of what Cassidy refers to as "rational irrationality" - self-serving behavior in a modern market setting. Combining on-the-ground reporting, clear explanations of esoteric economic theories, and even a little crystal-ball gazing, Cassidy warns that in today's economic crisis, conforming to antiquated orthodoxies isn't just misguided - it's downright dangerous. How Markets Fail offers a new, enlightening way to understand the force of the irrational in our volatile global econ... ungekürzt. Language: English. Narrator: Ralph Cosham. Audio sample: https://samples.audible.de/bk/blak/003536/bk_blak_003536_sample.mp3. Digital audiobook in aax.- Shop: Audible
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Currency Wars: The Making of the Next Global Crises , Hörbuch, Digital, ungekürzt, 592min
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. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself.Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the cu ungekürzt. Language: English. Narrator: Walter Dixon. Audio sample: https://samples.audible.de/bk/gdan/000626/bk_gdan_000626_sample.mp3. Digital audiobook in aax.- Shop: Audible
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The Prizefighters: Amazing Grace, Based on True Events , Hörbuch, Digital, ungekürzt, 180min
November 11, 1918. As World War I comes to an end, and the United States of America having won, it left our nation strong and patriotic as our boys came home. We will never forget the pain and losses we suffered, but nonetheless, we won the war, our boys were coming home.The roaring '20s has the nation captivated. Business is good. Industry is moving forward as technology from the industrial revolution shows no sign of slowing. Things are great in America. Economy - how shall we describe it? The economy is booming toward the end of the 1920s. Having grown up post World War I when the United States was rebuilding, people saw an economy that was on an upswing in the roaring '20s. Even today, in the history books, it is something coveted by modern America. But in 1929, all that came to a screeching halt with the crashing of the stock market, and the United States entering into what now is labeled "The Great Depression". By 1931, the United States was no longer roaring. We did not have government intervention as we do today, with programs, bailouts, and welfare. In short, the nation was starving, and with no jobs, there was not much to look forward to, and hope was fading fast. Now imagine you’re in the deep South where, even prior to the depression, it was considered poorer than much of the nation. Now, imagine you are a poor black man struggling to live and feed your family. In fact, make that two. At a time long before civil rights, long before Dr. Martin Luther King, long before these two men would even be allowed to speak with me of such matters or tell their stories. Already struggling to get by when times are good, what to do when times get bad? As for these men, they would say at that time, “impossible”. They had a solution. A solution that would carry them through 60 years together as best friends. That solution was devotion, trust, love, and friendship. The other was they were fighters. And they were good at it. They di ungekürzt. Language: English. Narrator: John G. Moore. Audio sample: https://samples.audible.de/bk/acx0/181122/bk_acx0_181122_sample.mp3. Digital audiobook in aax.- Shop: Audible
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The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country , Hörbuch, Digital, ungekürzt, 775min
You might be thinking everything’s okay: The stock market is on the rise, jobs are growing, the worst of it is over. You’d be wrong. 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 for the economy and for each of us. Schiff demonstrates how the infusion of billions of dollars of stimulus money has only dug a deeper hole: The United States government simply spends too much and does not collect enough money to pay its debts, and in the end, Americans from all walks of life will face a crushing consequence. We’re in hock to China, we can’t afford the homes we own, and the entire premise of our currency - backed by the full faith and credit of the United States - is false. Our system is broken, Schiff says, and there are only two paths forward. The one we’re on now leads to a currency and sovereign debt crisis that will utterly destroy our economy and impoverish the vast majority of our citizens. However, if we change course, the road ahead will be a bit rockier at first, but the final destination will be far more appealing. If we want to avoid complete collapse, we must drastically reduce government spending - eliminate entire agencies, end costly foreign military escapades and focus only on national defense - and stop student loan or mortgage interest deductions, as well as drug wars and bank-and-business bailouts. We must also do what no politician or pundit has proposed: America should declare bankruptcy, default on its debts, and reform our system from the ground up. Persuasively argued and provocative, The Real Crash explains how we got into this mess, how we might get out of it, and what happens if we don’t. And, with wisdom born from having predicted the Crash of 2008, Peter Schiff explains how to protect yourself, your family, your money, and your country against what he predic ungekürzt. Language: English. Narrator: Oliver Wyman. Audio sample: https://samples.audible.de/bk/aren/001427/bk_aren_001427_sample.mp3. Digital audiobook in aax.- Shop: Audible
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