This is one man’s chronicle, at times indignant and at others reflective, of an extraordinary moment in the history of the world, a moment of crisis whose eventual resolution will have far-reaching consequences for our children and their children. The author is Professor Thomas Harrington. His primary field of study is Hispanic culture and history, with a focus on Catalonian language, history and nationalism. With a deep knowledge of the life of a particular region and language group, he cultivated a keen insight into the difference between what is authentic and organic to a social order and what is exogenous and imposed by a ruling-class structure. He has a particular curiosity about the latter. His profound awareness of this power in operation in world events allowed him to see what so many others missed: namely he knew something was very off about the Covid response from the beginning. It’s to the eternal disgrace of so many elites in the political, economic, cultural, and academic world that so many participated in the “great reset” and, further, that so many who did not participate remained silent even as essential social, market, and cultural functioning was systematically dismantled by force with the full participation of the commanding heights of society. Privileged people, whose educational background putatively provided them with greater critical thinking skills than most, and hence an enhanced ability to see through the barrage of propaganda, fell immediately and massively into line. Not only did we see them overwhelmingly accept the government’s repressive, unproven and often patently unscientific measures to contain the Covid virus, but watched many of them emerge online and in other public forums as semi-official enforcers of repressive Government policies and Big Pharma marketing pitches. They mocked and ignored world-class doctors and scientists, and anyone else who expressed ideas that were at variance with official government policies. They told us, ridiculously, that science was not a continuous process of trial and error, but a fixed canon of immutable laws, while promoting, on that same absurd basis, the establishment and enforcement of medical apartheid within families and communities. In the name of keeping their children safe from a virus that could do them virtually no harm, they greatly impeded their long-term social, physical and intellectual development through useless mask-wearing, social distancing and screen-based learning. And in the name of protecting the elderly, they promulgated medically useless rules that forced many older people to suffer and die alone, deprived of the comfort of their loved ones. Many of these people, who by dint of their educational backgrounds should have found it more easy than most to go to the primary sources of scientific information on the virus and the measures taken to lessen its impact, chose in large numbers—with doctors being very prominent among them—to instead “educate” themselves on these important matters with curt summaries derived from the mainstream press, social media or Pharma-captured agencies like the CDC and the FDA. This, paradoxically, while millions of intrepid and less credentialed people with a greater desire to know the truth, often became quite knowledgeable about the actual state of ’the science.” This devastating case of class abdication—which essentially turned the old adage about “To whom much is given, much is expected” on its head—is a central focus of this book. It was the treason of experts.
NEW YORK TIMES BESTSELLER * MORE THAN ONE MILLION COPIES SOLD “A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes—and to offer practical advice on how to navigate them well. A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realization sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years. In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires—including the Dutch, the British, and the American—putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s major countries throughout history. He reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what’s ahead.
The bestselling citizen's guide to economics “Basic Economics reveals in every chapter why Thomas Sowell is one of America’s greatest thinkers. It is must-reading for anyone who wants the truth about how the laws of economics govern so many of the events in our daily lives.”―Arthur C. Brooks, New York Times bestselling author of Build the Life You Want Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
The Reign of Quantity and the Signs of the Times is René Guénon's most prophetic work. Having seen his telling analysis of Western culture, The Crisis of the Modern World, swiftly overtaken by events, he based this his final and most profound critique squarely on changeless metaphysical principles. He exposes with his fabled clarity the precise nature of the modern deviation, devoting special attention to the part played by modern philosophy and science (with their accompanying notions of progress and evolution) in the formation of the industrial and democratic society that we now regard as "normal." He sees history as a descent from Form (or Quality) toward Matter (or Quantity). But following after the Reign of Quantity (modern materialism and the "rise of the masses"), Guénon predicts a reign of "inverted quality" just before the end of the age: the triumph of the "counter-initiation" the kingdom of Antichrist. Although Guénon bases his critique on "abstract" principles, his examples are satisfyingly concrete: his remarks on "the degeneration of coinage" could easily be updated to include the transformation of money into electronically-stored digital information; his treatment of "the significance of metallurgy" as regards its occult dangers points directly to our own well-founded fear of such man-made elements as plutonium; and his chapter on the "cracks in the Great Wall" gives solid metaphysical grounding to our twenty-first century demonology, including the UFO phenomenon. This text is considered the magnum opus among Guénon's works of civilizational criticism, as is Symbols of Sacred Science among his studies on symbols and cosmology, and Man and His Becoming according to the Vedanta among his more purely metaphysical works. The Reign of Quantity gives a concise but comprehensive view of the present state of affairs in the world, as it appears from the point of view of the 'ancient wisdom', formerly common both to the East and to the West, but now almost entirely lost sight of. The author indicates with his fabled clarity and directness the precise nature of the modern deviation, and devotes special attention to the development of modern philosophy and science, and to the part played by them, with their accompanying notions of progress and evolution, in the formation of the industrial and democratic society which we now regard as 'normal'. Guénon sees history as a descent from Form (or Quality) toward Matter (or Quantity); but after the Reign of Quantity-modern materialism and the 'rise of the masses'-Guénon predicts a reign of 'inverted quality' just before the end of the age: the triumph of the 'counter-initiation', the kingdom of Antichrist. This text is considered the magnum opus among Guénon's texts of civilizational criticism, as is Symbols of Sacred Science among his studies on symbols and cosmology, and Man and His Becoming according to the Vedanta among his more purely metaphysical works.
An analysis of the investment approach of the world's top investors, showing how to achieve market-beating returns It is possible to beat the market. Taking this as a starting point, Excess Returns sets out to explore how exactly the most famous investors in the world have done it, year after year, sometimes by huge margins. Excess Returns is not a superficial survey of what investors have said about what they do. Rather, Frederik Vanhaverbeke applies a forensic analysis to hundreds of books, articles, letters and speeches made by dozens of top investors over the last century and synthesises his findings into a definitive blueprint of how exactly these investment legends have gone about their work. Among the legends whose work has been studied are Warren Buffett, Benjamin Graham, Anthony Bolton, Peter Lynch, Charles Munger, Joel Greenblatt, Seth Klarman, David Einhorn, Daniel Loeb, Lou Simpson, Prem Watsa and many more. Among the revealing insights, you will learn of the striking similarities in the craft of great investors, crucial subtleties in their methods that are ignored by many, and the unconscious errors investors commonly make and how these are counter to successful investing. Special attention is given to two often overlooked areas: effective investment philosophy and investment intelligence. The investing essentials covered include: - Finding bargain shares - Making a quantitative and qualitative business analysis - Valuation methods - Investing throughout the business cycle - Timing buy and sell decisions - And much, much more! Excess Returns is full of timeless and practical insights, presented in a unique style, to help investors focus on the most promising opportunities and lead the way to beating the market.
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In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explaining it as a feat of engineering and technology just as he did for bitcoin in his global bestseller The Bitcoin Standard. This time, Ammous delves into the world's earlier shift from the gold standard to today's system of government-backed fiat money—outlining the fiat standard's purposes and failures; deriving the wider economic, political, and social implications of its use; and examining how bitcoin will affect it over time. With penetrating insight, Ammous analyzes global political currencies by analogy to bitcoin: how they're "mined" whenever government-guaranteed entities create loans, their lack of inherent restraints on inflation, and the rampant government intervention that has resulted in heavy, devastating, and persistent distortions to global markets for food, fuel, science, and education. Through these comparisons, Ammous demonstrates that bitcoin could be our next step forward—providing high salability across space, just like the fiat system, but without the unchecked fiat-denominated debt. Rather than a messy hyperinflationary collapse, the rise of bitcoin could look like a debt jubilee and an orderly upgrade to the world's monetary operating system, revolutionizing global capital and energy markets.
Bestselling author Michael Maloney makes a compelling case that the greatest opportunity of this generation to build and protect your wealth is here. The rocket fuel for any bull market, and the tinder for a bear one, are the economic and political conditions of the day... And Mike shows today is like never before. The magnitude of the potential gains become obvious when you compare today's conditions to the precious metals bull market of the 1970s. In the '70s gold rose more than 25 times its original price, and silver more than 41 times. Today there are approximately twice as many ounces of gold available for investors to buy, but globally, there are also: * 18 times more people that can access, and legally buy, precious metals. * 55 times more currency. * 56 times more millionaires. * 200 times more billionaires. * 220 times more available consumer credit. * 49 times greater global stock market cap. * And that's just the tip of the iceberg. While stocks, real estate, crypto, bonds, and nearly every major asset class have boomed, gold and silver have been largely ignored, and are now among the world's last, and most, undervalued assets. But a shift is underway. The coming flight to safety will be staggering... and gold and silver will be the big winners. After accurately predicting the crisis of 2008, Mike now presents unassailable data that an even greater crisis is coming. As you turn the pages, you'll understand the enormity of it, that we have passed an economic point of no return, and that there is no avoiding it. The old 'normal' is just not coming back. The Great Gold and Silver Rush of the 21st-Century provides a roadmap for navigating the coming economic storm. The knowledge it contains will help you protect yourself, your family, and your assets through the turbulent times ahead. Most will be devastated, many will be totally ruined, but those few who are prepared can massively increase their wealth.
One of Silicon Valleys most successful angel investors shares his rules for investing in startups. There are two ways to make money in startups: create something valuableor invest in the people that are creating valuable things. Over the past twenty-five years, Jason Calacanis has made a fortune investing in creators, spotting and helping build and fund a number of successful technology startupsinvestments that have earned him tens of millions of dollars. Now, in this enlightening guide that is sure to become the bible for twenty-first century investors, Calacanis takes potential angels step-by-step through his proven method of creating massive wealth: startups. As Calacanis makes clear, you can get richeven if you came from humble beginnings (his dad was a bartender, his mom a nurse), didnt go to the right schools, and werent a top student. The trick is learning how angel investors think. Calacanis takes you inside the minds of these successful moneymen, helping you understand how they prioritize and make the decisions that have resulted in phenomenal profits. He guides you step by step through the process, revealing how leading investors evaluate new ventures, calculating the risks and rewards, and explains how the best startups leverage relationships with angel investors for the best results. Whether youre an aspiring investor or a budding entrepreneur, Angel will inspire and educate you on all the ins of outs. Buckle up for a wild ride into the world of angel investing!
The collapse of the Zimbabwe dollar in 2009 after years of rampant money printing is a frightening example of what lies in store for countries that resort to printing money to pay national debts, bail out banks and oligarchs, and enrich political elites. When Money Destroys Nations tells the gripping story of the disintegration of the once thriving Zimbabwean economy and the inspiring and tragic accounts of how ordinary people survived in turbulent circumstances. Philip Haslam and Russell Lamberti give a straightforward and revealing account of the causes and consequences of Zimbabwe's hyperinflation. Countries around the world are resorting to money printing with their stimulus packages and quantitative easing. Zimbabwe's economic collapse is not an isolated tragedy. It holds lessons for all countries and for all political leaders tempted to take illusory and perilous shortcuts to prosperity. Zimbabwe's lessons must not be ignored. This is the story of When Money Destroys Nations. "Haslam and Lamberti have produced a fascinating, accessible account of how Zimbabweans actually lived (and died) during the world's second-highest hyperinflation..." - Professor Steve H. Hanke, Johns Hopkins University
A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist) "The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.
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