Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism |...

Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism | Kevin Phillips | wonderful book

books:

Bad Money: Reckles...

	Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism Kevin Phillips Viking Adult, 2008 - 256 pages average customer review:based on 43 reviews view larger image
	for more information click here

highly recommended

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.

for more information click here

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.

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.

for more information click here