The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of “value investing”—which shields investors from substantial error and teaches them to develop long-term strategies—has made The Intelligent Investor the stock market bible ever since its original publication in 1949. Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles. Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
I think Fraudcoin is the most engaging and easy to read book about inflation that has ever been written. It also offers a great level of detail on all the government moves and countermoves in the development of the inflation policy. Very well done. Lawrence W. Lepard, Investment Manager, Sherborn, Massachusetts, USA Congratulations, you should be very proud about your book! Excellent work! Ronald-Peter Stöferle, Managing Partner of Incrementum AG Fraudcoin is an excellent book exploring the role of inflation on politics and world history. Inflation is largely a political decision that impacts all aspects of society and can bring down mighty empires, yet there is little debate about why inflation occurs and the immense repercussions. This book is an important contribution toward educating the public that the destructive power of inflation is not an unfortunate act of nature, but the result of reckless policy. Glenn Diesen, Professor, University of South-Eastern Norway, Department of Business, History and Social Sciences This mini-series only scratches the surface of Rune Østgård's book "Fraudcoin", which I recommend everyone to buy and recommend to others."Fraudcoin is the best book I've read about inflation. It's the perfect mix between the description of historical evidence and the explanation of different economic theories. It certainly demonstrates that inflation is a policy, NOT an unfortunate spontaneously emerging calamity. Wolfgang Wee, the Wolfgang Wee Uncut podcast A book that's hard to put down. A bit like a thriller. Suddenly, you understand things you thought were insurmountable to gain insight into. Erika Hauffen, Librarian, Snåsa, Norway Fraudcoin is the best book I've read about inflation. It's the perfect mix between the description of historical evidence and the explanation of different economic theories. It certainly demonstrates that inflation is a policy, NOT an unfortunate spontaneously emerging calamity. David St-Onge, Author of “Tout sur Bitcoin" (Bitcoin: Everything you need to know), Montreal, Canada A wonderfully well-written and accessible book for everyone, regardless of your knowledge background. Children and young people really need to have access to this knowledge. Trine Sofie Bergh, Economics blogger, Trondheim, Norway This is an incredibly important book. It lays out the story of the inflation policy in a clear, precise, and easy-to-understand way. It is absolutely necessary for a healthy society to have healthy money, but that will not happen until most people understand what sound money is, and why the inflation policy creates sick money. @hodlonaut *** Rune Østgård’s easy-to-read book explains what inflation is and how it affects the society. The book takes us through 1000 Years of Inflation as a Policy, beginning with the Viking age and King Harald Hardrada, who introduced the death penalty for those who did not accept his coins as payment. With lessons learned from the historical narrative, it is easy to join the author on the ‘journey of money’ through modern society, as he demonstrates how inflation redistributes wealth from the working and middle classes to the upper class, speculators, and the state, and away from the countryside and into the big cities. The book includes a discussion on several issues related to monetary policy, including national security, cryptocurrency, saving and investment, and if it is correct to say that “a little inflation is good for the economy” and that “our system is based on trust”.
Already famous throughout Europe, this international bestseller plumbs recently opened archives in the former Soviet bloc to reveal the actual, practical accomplishments of Communism around the world: terror, torture, famine, mass deportations, and massacres. Astonishing in the sheer detail it amasses, the book is the first comprehensive attempt to catalogue and analyze the crimes of Communism over seventy years. "Revolutions, like trees, must be judged by their fruit," Ignazio Silone wrote, and this is the standard the authors apply to the Communist experience―in the China of "the Great Helmsman," Kim Il Sung's Korea, Vietnam under "Uncle Ho" and Cuba under Castro, Ethiopia under Mengistu, Angola under Neto, and Afghanistan under Najibullah. The authors, all distinguished scholars based in Europe, document Communist crimes against humanity, but also crimes against national and universal culture, from Stalin's destruction of hundreds of churches in Moscow to Ceausescu's leveling of the historic heart of Bucharest to the widescale devastation visited on Chinese culture by Mao's Red Guards. As the death toll mounts―as many as 25 million in the former Soviet Union, 65 million in China, 1.7 million in Cambodia, and on and on―the authors systematically show how and why, wherever the millenarian ideology of Communism was established, it quickly led to crime, terror, and repression. An extraordinary accounting, this book amply documents the unparalleled position and significance of Communism in the hierarchy of violence that is the history of the twentieth century.
This is the classic exposé of the Fed that has become one of the best-selling books in its category of all time. Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It reads like a detective story - which it really is, but it's all true. This book is about the most blatant scam of history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Your world view will definitely change. Putting it quite simply, this may be the most important book on world affairs you will ever read. The 5th Edition includes a no-holds barred analysis of bank bailouts that are shown to be nothing less than legalized plunder of the people. Many other updates have been added, including a revision to the list of those who attended the historic meeting at Jekyll Island where the Federal Reserve was created.
As the global economy struggles to avoid meltdown, so the greatest Ponzi scheme in history approaches its final death rattle. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality assets - and ultimately, an economic disaster which has dwarfed all others. The Eurozone crisis and the LIBOR manipulaton scandal are just two symptoms of a much broader problem: one of vastly excessive debt, regulatory failure, a culture of deceit on Wall Street and the City of London, and governments that have promised their citizens far more than they can deliver. In "Planet Ponzi", Mitch Feierstein tells you what's happened, what will happen next and how to protect yourself and your family.
Called by H. L. Mencken, one of the few economists in history who could really write, Henry Hazlitt achieved lasting fame for this brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession. Covering considerable ground, Hazlitt illustrates the destructive effects of taxes, rent and price controls, inflation, trade restrictions, and minimum-wage laws. He also writes about key classical liberal thinkers like John Locke, Adam Smith, Thomas Jefferson, John Stuart Mill, Alexis de Tocqueville, and Herbert Spencer.
A groundbreaking look at the NSA surveillance scandal, from the reporter who broke the story, Glenn Greenwald, star of Citizenfour, the Academy Award-winning documentary on Edward Snowden In May 2013, Glenn Greenwald set out for Hong Kong to meet an anonymous source who claimed to have astonishing evidence of pervasive government spying and insisted on communicating only through heavily encrypted channels. That source turned out to be the 29-year-old NSA contractor and whistleblower Edward Snowden, and his revelations about the agency's widespread, systemic overreach proved to be some of the most explosive and consequential news in recent history, triggering a fierce debate over national security and information privacy. As the arguments rage on and the government considers various proposals for reform, it is clear that we have yet to see the full impact of Snowden's disclosures. Now for the first time, Greenwald fits all the pieces together, recounting his high-intensity ten-day trip to Hong Kong, examining the broader implications of the surveillance detailed in his reporting for The Guardian, and revealing fresh information on the NSA's unprecedented abuse of power with never-before-seen documents entrusted to him by Snowden himself. Going beyond NSA specifics, Greenwald also takes on the establishment media, excoriating their habitual avoidance of adversarial reporting on the government and their failure to serve the interests of the people. Finally, he asks what it means both for individuals and for a nation's political health when a government pries so invasively into the private lives of its citizens―and considers what safeguards and forms of oversight are necessary to protect democracy in the digital age. Coming at a landmark moment in American history, No Place to Hide is a fearless, incisive, and essential contribution to our understanding of the U.S. surveillance state.
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Peopled by larger-than-life heroes and villains, charged with towering questions of good and evil, Atlas Shrugged is Ayn Rand’s magnum opus: a philosophical revolution told in the form of an action thriller—nominated as one of America’s best-loved novels by PBS’s The Great American Read. Who is John Galt? When he says that he will stop the motor of the world, is he a destroyer or a liberator? Why does he have to fight his battles not against his enemies but against those who need him most? Why does he fight his hardest battle against the woman he loves? You will know the answer to these questions when you discover the reason behind the baffling events that play havoc with the lives of the amazing men and women in this book. You will discover why a productive genius becomes a worthless playboy...why a great steel industrialist is working for his own destruction...why a composer gives up his career on the night of his triumph...why a beautiful woman who runs a transcontinental railroad falls in love with the man she has sworn to kill. Atlas Shrugged, a modern classic and Rand’s most extensive statement of Objectivism—her groundbreaking philosophy—offers the reader the spectacle of human greatness, depicted with all the poetry and power of one of the twentieth century’s leading artists.
Written in the same year that he testified before the Currency Commission in Austria-Hungary, and published in English in 1892, Carl Menger explains that it is not government edicts that create money but instead the marketplace. Individuals decide what the most marketable good is for use as a medium of exchange. “Man himself is the beginning and the end of every economy,” Menger wrote, and so it is with deciding what is to be traded as money."Money has not been generated by law. In its origin it is a social, and not a state institution. Sanction by the authority of the state is a notion alien to it. "This is the first time this essay has been in print in more than a century!Introduction by Doug French
NOW A MAJOR MOTION PICTURE STARRING BLAKE LIVELY AND JUSTIN BALDONI! From the #1 New York Times bestselling author of It Starts with Us and All Your Perfects, a “brave and heartbreaking novel that digs its claws into you and doesn’t let go, long after you’ve finished it” (Anna Todd, New York Times bestselling author) about a young woman in a new relationship who can’t stop thinking about her first love. Lily hasn’t always had it easy, but that’s never stopped her from working hard for the life she wants. She’s come a long way from the small town where she grew up—she graduated from college, moved to Boston, and started her own business. And when she feels a spark with a gorgeous neurosurgeon named Ryle Kincaid, everything in Lily’s life seems too good to be true. Ryle is assertive, stubborn, maybe even a little arrogant. He’s also sensitive, brilliant, and has a total soft spot for Lily. And the way he looks in scrubs certainly doesn’t hurt. Lily can’t get him out of her head. But Ryle’s complete aversion to relationships is disturbing. Even as Lily finds herself becoming the exception to his “no dating” rule, she can’t help but wonder what made him that way in the first place. As questions about her new relationship overwhelm her, so do thoughts of Atlas Corrigan—her first love and a link to the past she left behind. He was her kindred spirit, her protector. When Atlas suddenly reappears, everything Lily has built with Ryle is threatened. An honest, evocative, and tender novel, It Ends with Us is “a glorious and touching read, a forever keeper. The kind of book that gets handed down” (USA TODAY).
In 100 to 1 in the Stock Market, Thomas Phelps discloses the secrets and strategies to increasing your wealth one hundredfold through buy-and-hold investing. Unlike the short-term trading trends that are popular today, Phelps's highly logical, yet radical approach focuses on identifying compounding machines in public markets, buying their stocks, and holding these investments long term for at least ten years. In this indispensable guide, Phelps analyzes what made the big companies of his day so profitable for the diligent, long-term investor. You will learn how to identify and invest in profitable business models without visible growth ceilings that will quickly increase your earnings. Worth its weight in gold (and then some), 100 to 1 in the Stock Market illuminates the way to the path of long-term wealth for you and your heirs. With this classic, yet highly relevant approach, you will pick companies wisely and watch your investments soar! Thomas William Phelps (1902-1992) spent over 40 years in the investing world working as a private investor, columnist, analyst, and financial advisor. His illustrious investing career began just before the stock market crash in 1929 and lasted into the 1970s. In 1927, he began his career with The Wall Street Journal where he was a reporter, news editor, and chief. Beginning in 1936, he edited Barron's National Financial Weekly. From 1949 to 1960, he served as an assistant to the chairman and manager of the economics department at Socony Mobil Oil. Following this venture, he was a partner in the investment firm of Scudder, Stevens & Clark until his retirement in 1970. "One of the five greatest investment books you've never heard of" — The Daily Reckoning "Of all the books on investing that I've read over the years, 100 to 1 in the stock market one was at once, the most pleasurable and most challenging to my own beliefs." — Value Walk (ValueWalk.com) "For years we handed out copies of Mr. Phelps book as bonuses." — Timothy Lutts, Cabot Investing Advice, one of the largest investment advisories and newsletters in the country since 1970