He explains how bankers worldwide created a secret trillion-dollar machine that delivered cheap mortgages to the masses and riches beyond dreams to the financial innovators.Fundamental to this saga is how “the people who hated to lose” were persuaded to accept risk by “the people who loved to win.” Why did people come to trust and respect arcane financial tools? Who were the bankers competing to assemble the basic components into increasingly intricate machines? How did this process achieve its own unstoppable momentum—ending in collapse, bailouts, and a public outcry against the giants of finance?Provocative and intriguing, The Devil’s Derivatives sheds much-needed light on the forces that fueled the most brutal economic downturn since the Great Depression.

    From inside the corner office at Lehman Brothers to secret meetings in South Korea, and the corridors of Washington, Too Big to Fail is the definitive story of the most powerful men and women in finance and politics grappling with success and failure, ego and greed, and, ultimately, the fate of the world’s economy. “We’ve got to get some foam down on the runway!” a sleepless Timothy Geithner, the then-president of the Federal Reserve of New York, would tell Henry M. Paulson, the Treasury secretary, about the catastrophic crash the world’s financial system would experience. Through unprecedented access to the players involved, Too Big to Fail re-creates all the drama and turmoil, revealing neverdisclosed details and elucidating how decisions made on Wall Street over the past decade sowed the seeds of the debacle. This true story is not just a look at banks that were “too big to fail,” it is a real-life thriller with a cast of bold-faced names who themselves thought they were too big to fail.

    Feudal Society discusses the economic and social conditions in which feudalism developed providing a deep understanding of the processes at work in medieval Europe

    • The author's revelations about the Freemasons' connection to this ancient knowledge generated a firestorm of controversy in Europe. • By the author of the bestseller The Mayan Prophecies.Maurice Cotterell's background as a scientist, mathematician, and engineer helped him to decipher the code of the ancient Maya, revealing the mystery of their science and religion to an extent never before possible. Using the same techniques, the author turns his attention here to deciphering the secrets encoded within the tomb of Tutankhamun. His extensive research revealed that both the ancient Egyptians and the Maya possessed a sophisticated understanding of sun spot activity and other astronomical phenomena--facts recently confirmed by modern science. Knowledge of the connections between solar patterns and human destiny allowed the Egyptians and Maya to harness the energy generated by the sun to achieve spiritual enlightenment and soul growth. The link between reincarnation and solar energy encoded in the tombs of Tutankhamun and the Mayan Lord Pacal is a jealously guarded secret held by a select number of occult groups, including the higher orders of Freemasonry. The author unleashed a firestorm of controversy in Europe when he exposed much of the esoteric knowledge of the Freemasons, including one of the society's most carefully concealed secrets: incarnate gods like Lord Pacal and Tutankhamun have come to earth to help humans achieve spiritual enlightenment, soul growth, and individual realization as solar beings.

    This third edition includes a new essay on recent environmental issues and concerns, especially as they center on Yellowstone National Park.

    Since the mid-1970s, however, the urban economy has rapidly deteriorated, leaving workers scrambling to get by. Expectations of Modernity explores the social and cultural responses to this prolonged period of sharp economic decline. Focusing on the experiences of mineworkers in the Copperbelt region, James Ferguson traces the failure of standard narratives of urbanization and social change to make sense of the Copperbelt's recent history. He instead develops alternative analytic tools appropriate for an "ethnography of decline."Ferguson shows how the Zambian copper workers understand their own experience of social, cultural, and economic "advance" and "decline." Ferguson's ethnographic study transports us into their lives—the dynamics of their relations with family and friends, as well as copper companies and government agencies.Theoretically sophisticated and vividly written, Expectations of Modernity will appeal not only to those interested in Africa today, but to anyone contemplating the illusory successes of today's globalizing economy.

    It further urges an immediate worldwide mobilization to replace the energy source in every car, truck, tractor, ship, airplane, and house on Earth in seven years in a desperate effort to save the planet from further overheating. The book blasts government secrecy, and more than 65 years of supposed lies and disinformation, and demands full disclosure of what they know about visitors from other realms and their technology and the extent of their collaboration, including any treaties that may have been signed by them. With more than 65 years of participation in and observation of political and economic systems—beginning with the Great Depression, extending through World War II, the postwar era of hope for a better life, the Cold War, the subjugation of democracy by oligarchy, and the subtle but continuous militarization of America—Paul T. Hellyer analyzes what he believes has gone wrong with the world and its economy and suggests radical measures to introduce a universal culture of peace and cooperation.

    With a few words, the Fed can lift the stock market out of desperation and catapult it towards euphoric highs. With a few keystrokes, the Fed can conjure up trillions of dollars and fund virtually unlimited Federal spending. And with a few poor decisions, the Fed can plunge the entire world into a recession. The Federal Reserve is one of the most powerful institutions in the world, and also one of the most difficult to understand.The Fed acts through its Open Markets Desk, which sits at the heart of the global financial system as the world's ultimate and limitless provider of dollars. On behalf of policy makers, the Desk gathers market intelligence from all the major market participants, sifts through reams of internal data, and works behind the scenes keep the financial system intact. It is responsible for all of the Fed's market operations, from trillions in quantitative easing to hundreds of billions in repo and FX-swap loans. The financial crises of 2008 and 2020 abated only through the emergency interventions of the Desk.Joseph Wang spent five years studying the monetary system as a trader on the Desk. From that vantage point, Joseph saw firsthand how the Fed operates and how the financial system really works. This book is a distillation of his experience that aims to educate and demystify. After reading this book, you will understand how money is created, how the global dollar system is structured, and how it all fits into the broader financial system.The views in this book do not necessarily reflect those of the Federal Reserve Bank of New York or the Federal Reserve System.

    In Pricing the Future, financial economist George G. Szpiro tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. From the broker’s assistant who published the first mathematical explanation of financial markets to Albert Einstein and other scientists who looked for a way to explain the movement of atoms and molecules, Pricing the Future retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.

    Rosenberg shows how U.S. foreign relations evolved from a largely private system to an increasingly public one and how, soon, the American dream became global.

    In "Crunch" he answers these as well as dozens of others he has fielded from working Americans by email, on blogs, and at events where he speaks. Chances are if there's a stumper you've always wanted to ask an economist, it's solved in this book.

    They regale readers with riveting vignettes of how AIG grew from a modest group of insurance enterprises in 1970 to the largest insurance company in world history. They help us understand AIG's distinctive entrepreneurial culture and how its outstanding employees worldwide helped pave the road to globalization.Corrects numerous common misconceptions about AIG that arose due to its role at the center of the financial crisis of 2008. A unique account of AIG by one of the iconic business leaders of the twentieth century who developed close relationships with many of the most important world leaders of the period and helped to open markets everywhere Offers new critical perspective on battles with N. Y. Attorney General Eliot Spitzer and the 2008 U.S. government seizure of AIG amid the financial crisis Shares considerable information not previously made public The AIG Story captures an impressive saga in business history--one of innovation, vision and leadership at a company that was nearly--destroyed with a few strokes of governmental pens. The AIG Story carries important lessons and implications for the U.S., especially its role in international affairs, its approach to business, its legal system and its handling of financial crises.

    I was hooked from A to Z." - James HerbertWho were the Maccabees? A pop group? Or a mother and her seven sons who suffered racking, skinning, burning, amputation and having their tongues pulled out and fried? And what was foot roasting? A way of keeping warm in the winter? Or a technique from the Spanish Inquisition that involved coating the prisoner’s feet in fat and toasting them over hot coals? From Amputation to Zero Tolerance, ‘The A-Z of Punishment & Torture’ is a grisly yet mesmerising compendium of the horrors inflicted on the human body over the centuries.A fascinating social history, it provides as a wealth of weird folklore, such as the power of the hanged man's hand; astounding tales, like Mary Hamilton, the cross-dressing 14-times bigamist; to more recent outrages, such as the use of ‘squassation’ at Abu Ghraib prison in Iraq. “Fascinating from beginning to end.” – Robert Foster, best-selling author of ‘The Lunar Code’. Endeavour Press is the UK's leading independent digital publisher.

    Read a succinct account of the life and reign of Her Majesty Queen Elizabeth II in just one hour.Elizabeth II is the longest lived and, after Queen Victoria, second longest reigning monarch of the United Kingdom. From her coronation in 1953 to her Diamond Jubilee in 2012, Queen Elizabeth II has stood on the world stage as the figurehead for Britain.THE QUEEN: HISTORY IN AN HOUR tells the story of the Queen Elizabeth II’s life and long reign, her royal duties, service during the Second World War, public perception and the transformation of the British Empire into the Commonwealth of Nations under her rule. Essential reading for Royalists and Republicans alike.Love your history? Find out about the world with History in an Hour…

    World-class interpretations exist of its Classical and subsequent history, but there has been remarkably little holistic exploration of how its societies, culture and economies first came into being, despitethe fact that almost all the fundamental developments originated well before 500 BC. This book is the first full, interpretive synthesis for a generation on the rise of the Mediterranean world from its beginning, before the emergence of our own species, up to the threshold of Classical times, bywhich time the Middle Sea was already in effect made.Thanks to unrivalled depth and breadth of exploration, Mediterranean archaeology is one of the world's richest sources for the reconstruction of ancient societies. This book is the first to draw in equal measure on ideas and information from the European, western Asian and African flanks, as well asthe islands at the Mediterranean's heart, to achieve a truly innovative focus on the varied trajectories and interactions that created this maritime world.The Mediterranean combines unusual conditions in a strictly unique fashion that goes a long way towards explaining its precocious development: it is the world's largest inland sea, easily the largest of the five challenging, opportunity-rich mediterraneoid environments on the planet, and adjacentto the riverine cores of two of the earliest civilizations, in Mesopotamia and Egypt. No wonder its societies proved exceptional.Extensively illustrated and ranging across disciplines, subject matter and chronology from early humans and the origins of farming and metallurgy to the rise of civilizations--Egyptian, Levantine, Hispanic, Minoan, Mycenaean, Phoenician, Etruscan, early Greek--the book is a masterpiece ofarchaeological and historical writing.