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Karl Denninger
STRONG FIVE – Original, Award-Winning, Major Contribution, February 5, 2012
On the very last page of the book I learn that the author received the Reed Irvine Accuracy in Media Award for Grassroots Journalism, for his coverage of the 2008 market meltdown. This confirms my own already formed very high estimation of the author and his work. In fact, although I normally do links at the end of the review, let me open with some other books that are world-class and within which I place this work as comparable:
The Battle for the Soul of Capitalism
The Soul of Capitalism: Opening Paths to a Moral Economy
Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History
SAVAGE CAPITALISM AND THE MYTH OF DEMOCRACY: Latin America in the Third Millennium
Democracy Incorporated: Managed Democracy and the Specter of Inverted Totalitarianism (New in Paper)
Here is the author's three-line conclusion to the longer chapter that ends the book (my own notes in parenthesis):
01 Federal and state governments KNEW what was going on, and are COMPLICIT. (This introduces me to the reality of “control fraud,” where the government commits impeachable acts that are not sanctioned; I also learn in this book that when Congress passes laws it does not include sanctions for failure by the GOVERNMENT to uphold those laws.)
Continue reading “Review: Leverage – How Cheap Money Will Destroy the World”