America S Financial Apocalypse

The American standard of living has been in decline for more than two decades, with the middle class having been affected the most. The generation responsible for creating the greatest bull market in U.S. history may also be the same group that causes an economic meltdown.

We live at the doorstep of a major political reversal in the United States, and indeed around the planet. Voters today, an "anti-establishment" insurgency rattling internal politics everywhere, are waiting for the first opportunity to "jump" traditional politicians, and very happy to elect people they regard as "outsiders." This has already happened in the United States, Italy, Malaysia, Mexico, Brazil, among other countries. Will a new economic recession further this "anti-establishment" mood? Will it then lead America towards a complete political reversal? Will beliefs today regarded as "rock-solid," such as, for instance, the infallibility of the "free markets" and the sanctity of the private sector be replaced by a new set of certainties?Financially hijacked by large banks and facing an imminent financial catastrophe, America is about to undergo a fundamental shift to the Left. Read this lucid, timely sociological forecast based on recent history, surveys, and long term economic cycles.

From Lionel Shriver, the acclaimed author of the National Book Award finalist So Much for That and the international bestseller We Need to Talk About Kevin, comes a striking new novel about family, money, and global economic crisis. The year is 2029, and nothing is as it should be. The very essence of American life, the dollar, is under attack. In a coordinated move by the rest of the world’s governments, the dollar loses all its value. The American President declares that the States will default on all its loans--prices skyrocket, currency becomes essentially worthless, and we watch one family struggle to survive through it all. The Mandibles can count on their inheritance no longer, and each member must come to terms with this in their own way-from the elegant ex-pat author Nollie, in her middle age, returning to the U.S. from Paris after many years abroad, to her precocious teenage nephew Willing, who is the only one to actually understand the crisis, to the brilliant Georgetown economics professor Lowell, who watches his whole vision of the world disintegrate before his eyes. As ever, in her new novel, Shriver draws larger than life characters who illuminate this complicated, ever-changing world. One of our sharpest observers of human nature, Shriver challenges us to think long and hard about the society we live in and what, ultimately, we hold most dear.

The rollicking true story of a 1930s version of Bernie Madoff—and the building and loan crash he helped precipitate—in a wonderful work of narrative nonfiction by the Gustavus Myers book award winner Shortfall opens with a surprise discovery in an attic—boxes filled with letters and documents hidden for more than seventy years—and launches into a fast-paced story that uncovers the dark secrets in Echols’s family—an upside-down version of the building and loan story at the center of Frank Capra’s 1946 movie, It’s a Wonderful Life. In a narrative filled with colorful characters and profound insights into the American past, Shortfall is also the essential backstory to more recent financial crises, from the savings and loan debacle of the 1980s and 1990s to the subprime collapse of 2008. Shortfall chronicles the collapse of the building and loan industry during the Great Depression—a story told in microcosm through the firestorm that erupted in one hard-hit American city during the early 1930s. Over a six-month period in 1932, all four of the building and loan associations in Colorado Springs, Colorado, crashed in an awful domino-like fashion, leaving some of the town’s citizens destitute. The largest of these associations was owned by author Alice Echols’s grandfather, Walter Davis, who absconded with millions of dollars in a case that riveted the national media. This book tells the dramatic story of his rise and shocking fall.

In the fall of 2008, America suffered a devastating economic collapse. Once valuable securities lost most or all of their value, debt markets froze, stock markets plunged, and storied financial firms went under. Millions of Americans lost their jobs; millions of families lost their homes; and good businesses shut down. These events cast the United States into an economic recession so deep that the country has yet to fully recover. This Report is the product of a two-year bipartisan investigation by the U.S. Senate Permanent Subcommittee on Investigations into the origins of the 2008 financial crisis. The goals of this investigation were to construct a public record of the facts in order to deepen the understanding of what happened; identify some of the root causes of the crisis; and provide a factual foundation for the ongoing effort to fortify the country against the recurrence of a similar crisis in the future.

Reveals how people transformed their experiences of financial crisis into a single event that would serve as a turning point in American history.

In American Reset, the final chapter of the Economic Collapse Chronicles, the ultimate contest between liberty and tyranny reaches the apex. The Bair family and their neighbors learn the true value of community as they rely on each other to survive the war and the effects of the financial meltdown. Will the collapse bring an oppressive regime that enslaves the American people, or will the patriots prevail and guide the country back to a place of freedom, peace and prosperity?

WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.