Dent, Jr., predicted that the stimulus plan created in response to the first crisis would hit demographic and debt saturation headwinds and ultimately fail. In 2010, the stimulus plan had started to fail, and it was already stalling by the first quarter of 2011. The Great Crash Ahead outlines why the next crash and crisis is inevitable, and just around the corner—coming between 2012 and 2014. With incisive critical analysis and historical examples, this book lays bare the traditional assumptions of economics. Dent shows that the government doesn’t drive our economy, consumers and businesses do; that the Fed does not create most of the money in our economy, the private banking system does; and that the largest generation in history is now saving for or moving into retirement, meaning slowing growth. This is the new normal! Our banking system borrowed to lend for the first time in history with unprecedented leverage and debt levels of $42 trillion, way beyond the massive government debt. But the government’s promises and unfunded liabilities take the cake, at an estimated $66 trillion and growing! These massive debts will have to be restructured in a time of slowing spending, and this means a deflationary crisis, which is very different from the inflationary crisis of the 1970s and requires very different personal, investment, and business strategies. Dent and Johnson outline these strategies in very practical detail. In the coming years, the greatest surprise will be that the U.S. dollar becomes the safe haven and appreciates just when everyone is calling for it to crash, while the gold and silver bubbles burst along with the stock and commodity bubbles. And real estate will see another round of declines just when everyone thought it could go no lower. The Great Crash Ahead is about making smart, cautious investments—avoiding the sort of high-risk, high-profit investment schemes that sank the world economy. The road to recovery will be filled with challenges and will require massive change, such as debt restructuring, plans for greater employment, the restructuring of social welfare programs such as social security and health care, budget cuts, and higher taxes—in short, a revision of the kind of lifestyle that characterized the “Roaring 2000s.” The good news is this process will eliminate tens of trillions of dollars of debt and can make way for growth again as the echo boom generation ascends. Or we can continue on our present course and end up like the Japanese, with no growth and high debt two decades later.

    This text is useful for principles of economics course, and a way to spark independent thinking and classroom discussions in political economy, public policy, and social issues courses. It illustrates students with the power of economics as a tool for analyzing issues.

    As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many--including economists and financial experts--were shocked by the speed at which events unfolded.In this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and the implications for the future. They examine the specifics of the housing bubble and the credit crunch as well as situate current events within a broader crisis of monopoly-finance capitalism--one that has been gestating for several decades. It is the "real" productive economy's tendency toward stagnation, they argue, that creates a need for capital to find ways to profitably invest its surplus. But rather than invest in socially useful projects that would benefit the vast majority, capital has constructed a financialized "casino" economy that neglects social needs and, as has become increasingly clear, is fatally unstable. Written over a two-year period immediately prior to the onset of the crisis, this timely and illuminating book is necessary reading for all those who wish to understand the current situation, how we got here, and where we are heading.

    Along the way, Bonner and Wiggin cast a wide angle lens that looks back in history and ahead to the coming century: showing how dramatic changes in the economic power of the United States will inevitably impact every American.Reveals the financial realities the United States currently faces and what the ultimate outcome may be Weaves together the worlds of politics, economics, and personal finance in a way that underscores the severity of the situation Addresses the events leading up to the implosion of the U.S. financial system Looks ahead to help you avoid the pitfalls presented by a weaker United States Other titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and MarketsOther titles by Wiggin: I.O.U.S.A., Demise of the Dollar, and Financial Reckoning DayThe United States is heading down a difficult path. The New Empire of Debt clearly shows how this has happened and discusses what you can do to overcome the financial challenges that will arise as the situation deteriorates.

    House of Representatives, 1989-2002 “Without question, the best 60 minutes you will spend on China.” - Jonathan Anderson, Emerging Markets Advisors This is the China book for everyone - whether an expert or novice. It can be read in an hour and gives you most of what you need to know about China business today - and its increasing impact on the rest of the world. This "speed-read" book is the distilled knowledge of two Peking University business professors with over 30 years of experience on the ground in China and the emerging markets. According to authors Jeffrey Towson and Jonathan Woetzel, "if we had the undivided attention of someone from Ohio, Brighton or Lima for just one hour, this little book is what we would say." Author Jonathan Woetzel is a senior partner of McKinsey & Company. He opened McKinsey's Shanghai location in 1995 and has been resident since then. He currently the global leader of its Cities Special Initiative and the Asia-based Director of the McKinsey Global Institute. He has led many of the Firm’s most significant projects in China including the first major international listing of a Chinese company and the development of the economic plans for the cities of Shanghai, Wuhan, Shenzhen, Xian and Harbin among others. He co-chairs the Urban China Initiative along with Tsinghua University and Columbia University to catalyze the next stage of China’s urbanization. Author Jeffrey Towson is a private equity investor, professor and best-selling author. His area of expertise is developing economy investing and cross-border strategies – primarily US-China deals in healthcare and consumer products. He was previously Head of Direct Investments for Middle East North Africa and Asia Pacific for Prince Alwaleed, nicknamed by Time magazine the “Arabian Warren Buffett” and arguably the world’s first private global investor.

    Until that moment, the United States used military power to defend against threats (real and perceived) that its leaders thought would either weaken America's position in the world order or--in the worst case--threaten the homeland. For the first time ever, the United States militarily was now actively involved in states that represented no threat, and with missions that were largely humanitarian and socio-political. After establishing the Kurdish no-fly zone, the US in quick succession intervened in Somalia, Haiti, and Kosovo. Even after 9/11, it decided that it had a duty to not just invade Iraq, but reconstruct Iraqi society along Western lines. In Mission Failure, the eminent international relations scholar Michael Mandelbaum provides a sweeping interpretive history of American foreign policy in the post-Cold War era to show why this new approach was doomed to failure. America had always adhered to a mission-based foreign policy, but in the post-Cold War era it swung away from security concerns to a near-exclusive emphasis on implanting Western institutions wherever it could. Many good things happened in this era, including a broad expansion of democracy and strong growth in the global economy. But the U.S. never had either the capacity or the will to change societies that were dramatically different from our own. Over two decades later, we can see the wreckage: a broken Iraq a teetering Afghanistan, a China that laughs at our demands that they adopt a human rights regime, and a still-impoverished Haiti. Mandelbaum does not deny that American foreign policy has always had a strong ideological component. Instead, he argues that emphasizing that particular feature generally leads to mission failure. We are able to defend ourselves well and effectively project power, but we have very little capacity to change other societies. If nothing else, that is what the last quarter century has taught us.

    In The Myth of Chinese Capitalism, Roberts explores the reality behind today’s financially-ascendant China and pulls the curtain back on how the Chinese manufacturing machine is actually powered.He focuses on two places: the village of Binghuacun in the province of Guizhou, one of China’s poorest regions that sends the highest proportion of its youth away to become migrants; and Dongguan, China’s most infamous factory town located in Guangdong, home to both the largest number of migrant workers and the country’s biggest manufacturing base. Within these two towns and the people that move between them, Roberts focuses on the story of the Mo family, former farmers-turned-migrant-workers who are struggling to make a living in a fast-changing country that relegates one-half of its people to second-class status via household registration, land tenure policies and inequality in education and health care systems. In The Myth of Chinese Capitalism, Dexter Roberts brings to life the problems that China and its people face today as they attempt to overcome a divisive system that poses a serious challenge to the country’s future development. In so doing, Roberts paints a boot-on-the-ground cautionary picture of China for a world now held in its financial thrall.Dexter Roberts is an award-winning journalist and a regular commentator on the U.S.-China trade and political relationship. His prior speaking engagements include traditional news media outlets (NPR, Fox News, CNN International) as well as universities and institutes (George Washington University, Council on Foreign Relations, and the Overseas Press Club). He is available for virtual classroom visits to courses that adopt The Myth of Chinese Capitalism. Please contact academic@macmillan.com for more information.

    The name of the remote New Hampshire town where representatives of forty-four nations gathered in July 1944, in the midst of the century's second great war, has become shorthand for enlightened globalization. The actual story surrounding the historic Bretton Woods accords, however, is full of startling drama, intrigue, and rivalry, which are vividly brought to life in Benn Steil's epic account.Upending the conventional wisdom that Bretton Woods was the product of an amiable Anglo-American collaboration, Steil shows that it was in reality part of a much more ambitious geopolitical agenda hatched within President Franklin D. Roosevelt's Treasury and aimed at eliminating Britain as an economic and political rival. At the heart of the drama were the antipodal characters of John Maynard Keynes, the renowned and revolutionary British economist, and Harry Dexter White, the dogged, self-made American technocrat. Bringing to bear new and striking archival evidence, Steil offers the most compelling portrait yet of the complex and controversial figure of White--the architect of the dollar's privileged place in the Bretton Woods monetary system, who also, very privately, admired Soviet economic planning and engaged in clandestine communications with Soviet intelligence officials and agents over many years.A remarkably deft work of storytelling that reveals how the blueprint for the postwar economic order was actually drawn, The Battle of Bretton Woods is destined to become a classic of economic and political history.

    This proven magick works safely, without wands, herbs, incense or candles. There is no need to pay the spirits, and there is no karma or spiritual backlash. You get what you deserve, you get it fast and you get to spend it any way you want. Where the Magickal Cashbook gave just one method for attracting a small burst of money, and Wealth Magick worked on long-term career enhancement, Magickal Riches contains practical rituals that continually manifest money. Developed from ancient knowledge and modern occult technology, the major workings in this book have never been published before, in any form. The secrets of Magickal Riches have been crafted by The Gallery of Magick during the past thirty years. You will discover: *The Master Money Ritual, using a sigil that contains a pattern of magickal symbols. *How to find your Secret Source of Money, to provide new streams of unexpected income. *A Ritual To Increase Sales, for anybody who sells a product of any kind. *A Ritual For Buying and Selling that ensures that you get the best deal when you are buying or selling anything, from a small item to a house or business. *A ritual to Get Somebody To Pay Up. When you are owed money, use magick to get what belongs to you. *The Genius Rituals, with a set of unique sigils to call on intelligent and helpful spirits. *A ritual to Attract Money Through Perception, for trading shares, or to find out the best course of action in any money-making situation. *The Chance Money Attraction ritual, employing the power of Nitika in harmony with other genius spirits, to bring money out of the blue. *The Gambling Ritual, to increase your luck in lotteries and games of chance. *A secret technique, never revealed until now, for adding extra energy to your magickal workings. Damon Brand says, 'Creating money with magick is one of the most direct and exciting ways to experience the raw power of the occult.' If you are completely new to magick, be assured that this magick is safe and effective. It will work whether you believe in it or not. If you are an experienced occultist, you will discover many new secrets for manifesting money. This exceptional work gives you all the knowledge, techniques, images and secret words that you need to unleash a flow of riches into your life.

    The toxic rivalry between China and Japan, two Asian giants consumed with endless history wars and ruled by entrenched political dynasties, is threatening to upend the peace underwritten by Pax Americana since World War II. Combined with Donald Trump's disdain for America's old alliances and China's own regional ambitions, east Asia is entering a new era of instability and conflict. If the United States laid the postwar foundations for modern Asia, now the anchor of the global economy, Asia's Reckoning reveals how that structure is falling apart.With unrivaled access to archives in the United States and Asia, as well as to many of the major players in all three countries, Richard McGregor has written a tale that blends the tectonic shifts in diplomacy with bitter domestic politics and the personalities driving them. It is a story not only of an overstretched America, but also of the rise and fall and rise of the great powers of Asia. The about-turn of Japan--from a colossus seemingly poised for world domination to a nation in inexorable decline in the space of two decades--has few parallels in modern history, as does the rapid rise of China--a country whose military is now larger than those of Japan, South Korea, Taiwan and southeast Asia's combined.The confrontational course on which China and Japan are set is no simple spat between neighbors: the United States would be involved on the side of Japan in any military conflict between the two countries. The fallout would be an economic tsunami, affecting manufacturing centers, trade routes, and political capitals on every continent. Richard McGregor's book takes us behind the headlines of his years reporting as the Financial Times's Beijing and Washington bureau chief to show how American power will stand or fall on its ability to hold its ground in Asia.

    Out of this tumult is emerging a new map of energy and geopolitics. The "shale revolution" in oil and gas has transformed the American economy, ending the "era of shortage" but introducing a turbulent new era. Almost overnight, the United States has become the world's number one energy powerhouse. Yet concern about energy's role in climate change is challenging the global economy and way of life, accelerating a second energy revolution in the search for a low-carbon future. All of this has been made starker and more urgent by the coronavirus pandemic and the economic dark age that it has wrought.World politics is being upended, as a new cold war develops between the United States and China, and the rivalry grows more dangerous with Russia, which is pivoting east toward Beijing. Vladimir Putin and China's Xi Jinping are converging both on energy and on challenging American leadership, as China projects its power and influence in all directions. The South China Sea, claimed by China and the world's most critical trade route, could become the arena where the United States and China directly collide. The map of the Middle East, which was laid down after World War I, is being challenged by jihadists, revolutionary Iran, ethnic and religious clashes, and restive populations. But the region has also been shocked by the two recent oil price collapses--and by the very question of oil's future in the rest of this century.A master storyteller and global energy expert, Daniel Yergin takes the reader on an utterly riveting and timely journey across the world's new map. He illuminates the great energy and geopolitical questions in an era of rising political turbulence and points to the profound challenges that lie ahead.

    Easwaran taught meditation for over forty years, and his instructions are practical and clear. He shows you how to choose a spiritual text, or passage, from the world's great traditions that embodies your highest ideals. With regular practice, meditation becomes your lifeline, taking you to the source of wisdom deep within and guiding you through all the challenges of daily life.This short ebook is an extract from Passage Meditation by Eknath Easwaran.

    Griffin), Dick Couch's explosive novel poses the chilling and timely question: How safe are America's waterways from terrorist threat?Riding quietly at her moorings on Puget Sound, the U.S. Navy's deadly weapon -- the Trident submarine -- waits for her return to the sea. But an Arab terrorist known as the Shadow has targeted the USS "Michigan," with nearly three hundred nuclear warheads nestled in its missile silos. He intends to take the deadliest weapon of the Cold War and turn it into the deadliest dirty bomb conceivable -- by hijacking the "Spokane," flagship of the nation's largest ferry fleet. The nation, caught by surprise, sends a select team of Navy SEALs to stop the Shadow. They are aided by a savvy FBI agent and the ferry's captain, Ross Peck. Unless the U.S. wields its political might to support his terrorist brothers in the Middle East, the Shadow will unleash a radiological holocaust, and a nightmare beyond imagining. . . .

    Deals with scope and methodology of economics, the scope of economic theory, the methodology of economics, the theory of demand, cardinal marginal utility analysis, indeferrence cure analysis, applications and uses of indefference curves, and theory of production and cost.

    Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities all thanks to deregulation that began in the 1970s and continues decades later.In an age of corporate megabanks with trillions of dollars in assets, it is easy to forget that America s banking system was originally created as a public service. Banks have always relied on credit from the federal government, provided on favorable terms so that they could issue low-interest loans. But as banks grew in size and political influence, they shed their social contract with the American people, demanding to be treated as a private industry free from any public-serving responsibility. They abandoned less profitable, low-income customers in favor of wealthier clients and high-yield investments. Fringe lenders stepped in to fill the void. This two-tier banking system has become even more unequal since the 2008 financial crisis.Baradaran proposes a solution: reenlisting the U.S. Post Office in its historic function of providing bank services. The post office played an important but largely forgotten role in the creation of American democracy, and it could be deployed again to level the field of financial opportunity."