false 2321788 4 The bestselling author reveals how the U.S. financial sector has hijacked our economy and put America's global future at risk In <I>American Theocracy</I>, Kevin Phillips warned us of the perilous interaction of debt, financial recklessness, and the increasing cost of scarce oil. The current housing and mortgage debacle is proof once more of Phillips's prescience, and only the first harbinger of a national crisis. In Bad Money, Phillips describes the consequences of our misguided economic policies, our mounting debt, our collapsing housing market, our threatened oil, and the end of American domination of world markets. America's current challenges (and failures) run striking parallels to the decline of previous leading world economic powers--especially the Dutch and British. Global overreach, worn-out politics, excessive debt, and exhausted energy regimes are all chilling signals that the United States is crumbling as the world superpower.<BR><BR> "Bad money" refers to a new phenomenon in wayward megafinance--the emergence of a U.S. economy that is globally dependent and dominated by hubris-driven financial services. Also "bad" are the risk miscalculations and strategic abuses of new multitrillion-dollar products such as asset-backed securities and the lure of buccaneering vehicles like hedge funds. Finally, the U.S. dollar has been turned into bad money as it has weakened and become vulnerable to the world's other currencies. In all these ways, "bad" finance has failed the American people and pointed U.S. capitalism toward a global crisis. <I>Bad Money</I> is the perfect follow- up to Phillips's last book, whose dire warnings are now proving frighteningly accurate. 3269476 15 4 2008 Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism total:223|5:37|4:96|3:66|2:20|1:4| 223 811 507 88 5 0 false false Fri Mar 27 00:00:00 -0700 2009 Fri Mar 27 08:56:13 -0700 2009 Fri Mar 27 08:56:30 -0700 2009
Many readers already admire Kevin Phillips’s previous books, with their incisive analysis of U.S. politics. In this treatise, published just before the 2008 presidential election, his main concerns are the dangerous dominance of the financial sector in t...more...]]> 4 0 false false Mon May 04 00:00:00 -0700 2009 Fri May 01 13:43:25 -0700 2009 Mon May 04 13:58:01 -0700 2009 more...]]> 3 0 false false Wed Dec 31 00:00:00 -0800 2008 Sun Dec 21 13:44:15 -0800 2008 Sun Jan 04 18:46:19 -0800 2009 more...]]> 3 1 false false Sun Oct 12 07:50:37 -0700 2008 Sun Oct 12 07:52:49 -0700 2008 more...]]> 4 0 false false Fri May 01 00:00:00 -0700 2009 Sat May 30 20:57:46 -0700 2009 Sat May 30 21:06:22 -0700 2009
"We're doomed! Doomed!" and "Oh the pain, the pain!"

Apparently according to Phillips the US is one big debtor nation that as been just barely survivin...more...]]> 4 0 false false Wed Mar 25 09:11:35 -0700 2009 Sat Oct 03 17:16:31 -0700 2009 can claim that this is the most accessible and readable book I've come across yet on the topic. To be more precise, the several topics, as Phillips ties together several i...more...]]> 5 0 false false Thu Jan 01 00:00:00 -0800 2009 Sun Jan 25 13:48:59 -0800 2009 Sun Jan 25 13:52:35 -0800 2009 more...]]> 4 0 false false Fri Oct 24 00:00:00 -0700 2008 Thu Nov 06 04:59:30 -0800 2008 Thu Nov 06 05:03:39 -0800 2008 1 cool sights traveling from Madrid to Bilbao to Barcelona, with lots of small towns in between.

Kevin Phillips covers much more than just how Wall Street went crazy packaging American private debt with structured finance innovati...more...]]> 5 0 false false Fri Jan 16 00:00:00 -0800 2009 Sat Nov 01 17:12:25 -0700 2008 Fri Jan 16 06:52:49 -0800 2009 more...]]> 4 0 false false Wed Oct 01 00:00:00 -0700 2008 Mon Oct 13 01:47:55 -0700 2008 Thu Oct 16 23:29:09 -0700 2008 more...]]> 3 0 false false Tue Nov 04 00:00:00 -0800 2008 Wed Aug 13 09:13:28 -0700 2008 Sun Nov 16 16:16:52 -0800 2008
Kevin Phillips is also a policy wonk and his tendency is to focus general political realities rather than just finance. Which is often a ...more...]]> 2 0 false false Thu May 01 00:00:00 -0700 2008 Fri Jul 25 18:52:53 -0700 2008 Tue Jul 07 18:47:06 -0700 2009 more...]]> 4 0 false false Wed Jun 11 16:11:14 -0700 2008 Wed Jun 11 16:26:05 -0700 2008 more...]]> 4 0 false false Sun Jun 29 00:00:00 -0700 2008 Mon Jun 09 21:48:12 -0700 2008 Wed Jul 02 14:43:16 -0700 2008 more...]]> 0 0 false false Tue Jan 01 00:00:00 -0800 2008 Wed Dec 17 17:34:50 -0800 2008 Wed Dec 17 17:40:30 -0800 2008 more...]]> 4 0 false false Mon May 05 00:00:00 -0700 2008 Thu May 08 16:40:02 -0700 2008 Thu May 08 17:03:49 -0700 2008 more...]]> 3 0 false false Sat Nov 01 00:00:00 -0700 2008 Tue Nov 10 12:42:16 -0800 2009 Tue Nov 10 12:46:54 -0800 2009 more...]]> 4 0 false false Fri Nov 07 14:18:25 -0800 2008 Tue Jun 16 14:53:50 -0700 2009 more...]]> 0 0 false false Tue May 05 11:36:20 -0700 2009 Tue May 05 11:38:18 -0700 2009 more...]]> 3 0 false false Fri Aug 01 00:00:00 -0700 2008 Sat Feb 28 16:55:12 -0800 2009 Sat Feb 28 16:56:59 -0800 2009 more...]]>