Barbarians of Wealth Protecting Yourself from Today's Financial Attilas

by Franks, Sandy; Nunnally, Sara

• ISBN13: 9780470768143
• ISBN10: 0470768142
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-12-07
• Publisher: Wiley

Summary

How the actions of a few in Europe destroyed the prosperity of the many (and how its happening again now in America) After the fall of the Roman Empire, vicious barbaric tribes including the Hunds lead by Atilla, the Mongols, Charlemagne and the Vikings invaded Europe, plundering property and destroying homes. But, they didnt just steal and destroy property in the villages; they also stole and destroyed any prosperity the villagers had previously enjoyed. Whats worse is the barbarians of the Dark Ages did all of this not out of any deeply held religious or political belief, but, rather, for the oldest reason in the book - their own personal financial gain. Some things never change. Barbarians of Wealth examines how the greedy, self-serving decisions of a select group of politicians and financial institutions negatively impacts the economy and, ultimately, destroys Americas prosperity and the American way of life. Compelling and engaging, the book Details how Goldman Sachs peddled mortgage backed securities up and down Wall Street while secretly betting against their demise Discusses how Sanford Weill, founder of Citigroup spent $100 million lobbying for the repeal of the Glass-Steagall Act that prevented the merger of commercial and investment banks and got his way. Examines Christopher Dodd, head of the U.S. Senate Banking Committee, has enriched himself while driving down the prosperity of his constituents Offers up examples of other modern barbarians, including the Federal Reserve, Alan Greenspan, Hank Paulson, and Timothy Geithner. Highlights greed driven tactics of Wall Street corporations including JP Morgan, Merrill Lynch, and Salomon Brothers. Barbarians of Wealth is a timely must read for hard-working Americans concerned with their prosperity, as well as for those fascinated with the inner workings of Washington and Wall Street.

Author Biography

SANDY FRANKS is Executive Publisher of the Taipan Publishing Group and Editor of Taipan Insider. With an editorial focus on delivering market analysis, financial insight, and investment ideas, Taipan Publishing Group offers a unique and powerful combination of services and resources in print and on the Web.

SARA NUNNALLY is Research Director of the Taipan Publishing Group and coeditor of Smart Investing Daily. She publishes her research finding in investment research reports, in-depth investment videos, blog updates, and the essential Smart Investing Daily communiqué.

Table of Contents

Foreword	p. ix
Acknowledgments	p. xiii
Introduction	p. 1
Great Barbarians of History	p. 7
Attila the Hun: The Scourge of God	p. 9
Charlemagne: The Clandestine Barbarian	p. 21
The Vikings: Savage Pirates, Savvy Traders	p. 33
Genghis Khan: Mighty Warrior	p. 43
Banks: The Barbarians of Money	p. 55
The Brotherhood of Power	p. 57
Race to the Bottom Line	p. 77
Say Goodbye To Gold	p. 97
The Gatekeepers	p. 117
Money for Nothing	p. 139
The Barbarians' Powerful Ally	p. 161
The Barbarians of Wall Street	p. 179
The Scourge of Wall Street	p. 181
Epic Tool of Destruction	p. 203
The Brotherhood of Banks	p. 221
Wall Street Bloodlines	p. 241
Political Barbarians	p. 265
The Monied-Class Rulers and Demigods	p. 267
Barbarians in the Lobby	p. 281
Global Barbarians	p. 297
Protection Strategies	p. 311
Diversification: The Key to Wealth Protection	p. 313
Precious Metals: Inflation Protection Strategies	p. 323
Barbarians of Wealth, Castles of Currency	p. 339
Arm Yourself with Ultra-Resource-Rich Countries	p. 355
Notes	p. 373
About the Authors	p. 413
Index	p. 415
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