View the discussion thread. This means the whole edifice: Get fast, free shipping with Amazon Prime. Few have bothered to ask how the central banks have accomplished this feat, one which has proved elusive for more than 20 years. With financial assets absorbing most of the impact of new money, the outbreak of inflation into wages and consumption goods that proved so unpopular in the 70s has been at least for a time repressed.
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Start your review of Debt And Delusion Write a review "Prepare for an explosion that will rock the western financial system to its foundation". So ends what will, hopefully, one day, be recognised as a classic.
Except that this book was written in ! Warburton warned about excessive bonds, complex derivatives, you name it, more than 8 years before they "Prepare for an explosion that will rock the western financial system to its foundation". Warburton warned about excessive bonds, complex derivatives, you name it, more than 8 years before they actually became a problem. He pointed the finger at central banks - which are currently printing money - and naive governments.
The fact that the second chapter concerns inflation - something yet to take effect - gives an indication of this. This book may yet predict the future. Warburton also gives succinct advice. His advice for individuals is, your money is not safe in banks! He also suggests both keeping reasonable liquidity for bargain hunting! This really is an interesting book, and very practical. Inflation may have been Public Enemy Number One in Europe over the last few decades, but high unemployment was viewed as much more fearsome for most of that time by US leaders.
The book basically predicted the financial blowup of , back in , though. Apparently financial innovation was already in full swing in the s.
This book paints with too broad a brushstroke for me. Not as good as hoped for, but still worth the time to read.
Debt And Delusion
DEBT AND DELUSION PETER WARBURTON PDF