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Posted April 5, 2011
Not only is Crisis by Design quite an interesting perspective of our economic reality, but John Truman Wolfe writes really well, and the book is actually fun to read! A book on economics that is fun - imagine that! The claim made by Wolfe in his book, Crisis by Design is that the financial crisis of 2008 was planned well in advance, and ended in a financial coup d'état. Strong stuff. According to Wolfe, the whole thing was a strategy long planned by world financial leaders, many of the Goldman Sachs variety, to devalue the US dollar and give themselves the power and authority to call the shots around the world. In this collection of articles written over a short period of time in 2009, Wolfe clearly documents the organizations, the people and the events that led up to the crisis. He also makes clear that one product of the 2008 crisis is the Financial Stability Board (FSB), an organization which, according to Wolfe, has a lot of rule that's not by the people. He also gives us some definite ideas on how to protect ourselves. Quite a read- I heartily recommend it.
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