The Coming Financial Crisis: A Look Behind the Wizard's Curtain

by John Truman Wolfe

Is there really a Global Financial Ruler? One that dictates policy to the Central Banks of the world? Is there a Central Bank of central banks, that is senior to the U.S. Federal Reserve Bank, the Bank of England and the other national banks that control interest rates, inflation, deflation, prosperity and depression? Such a bank not only exists, but John Truman Wolfe exposed this heretofore unseen hand in the Global Financial Crisis of 2008 and their plans for the next one. No "conspiracy theorist" Wolfe names names, dates, places and actions. If you have ever wanted to know who's behind the Wizard's curtain of international finance and how to protect yourself, start at page one. And make no mistake, the events of 2007 and 2008 were a prelude: The next crisis, Wolfe predicts, will take the "bail-ins" used in the economic meltdowns in Cyprus and Greece and apply them worldwide, leaving depositors and consumers holding the bag, yet again.

220 pages, Paperback

Published December 30, 2015

About the author

John Truman Wolfe, has been a senior credit officer for two California banks. He is the co-founder of a prestigious Los Angeles-based business-management company where he oversaw the business and financial matters of some of the biggest names in Hollywood.
Shortly after the fall of Communism, John made several trips to Moscow giving seminars to leading bankers and senior members of the Russian government. In recognition of his work, government officials commissioned a sculpture of his bust by the noted Russia sculptor, Sergi Bychkov, which was placed in the Hall of Heroes of the Ministry of Internal affairs.
Wolfe has a Master’s Degree with Honors from San Jose State University and is the former Chairman of the Department of History at John F. Kennedy University.

Reviews

[Bethwareham · Rating 5 out of 5]

This book is connects the dots between the mighty banking forces behind the 2007 economic crash and how the derivative bubble is growing and set to blow again. Wolfe's no bull shit prose connects the dots between the banking crisis in Cyprus and Greece and the new EU/FDIC rulings on "bail-ins."
"Bail-ins" are simply when the deposits are seized over a certain limit to make the bank liquid again and the depositors are issued useless bank stock in its place. The little guy loses once again. We must be aware of the Bank of International Settlements, the EU, the Fed, the IMF and World Bank and how they manipulate the hard earned cash you deposit.

The book scared me but its practical how-to also gave me hope. I feel like I can make a few moves that will go a long way to protect my money from governments I don't want to have it.

[Voyt · Rating 5 out of 5]

Banks' depositors are unsecured creditors (!!!)...
POSTED AT AMAZON 2016
.....this is the main warning flowing right into the faces of the readers.

First 153 pages are not new, written in 2009. However they are brilliant in teaching about history of 'banksism' from the beginning of the XX century. What we have here is a description and role of major powerful financial institutions/players. Wolfe explains using simple witty language, how and why 2008 financial crisis erupted. He exposes all people, so called 'Goldmanites' and their 'contribution' to this world wide meltdown. Excellent are also presentations of intricate definitions for 'derivatives' and 'swaps' - tools for banks to play financial casino using depositors money.
Wolfe, in my opinion, does it better than Charles Ferguson in his famous "Predator Nation".
He delivers fiscal and political solutions to the crisis. The first are well meant and well thought out. The political solution calls for legislative oversight and enforcement body over Financial Stability Board (arm of BIS from Basel). Creation of an international monetary system that is based on property and production (vs. fiat or 'debt' money) is proposed.

Few small snags:
Author's writing about Iceland situation and oil scarcity does not hold today, but it is not important.
His 2009 proposition of portfolio lost somehow its meaning in 2016, but again - it is not a big issue.
I do not fully agree, when author criticises government for the attempts to redistribute wealth, and at the same time forgets about big corporations that avoid paying taxes. But again, it is minor problem that I have with this book.
I have also some reserves about off-shore accounts and speculation that 'attack on the dollar' is being planned and that pension plans in USA are in danger (though many observations related to the $US are very accurate and alarming).

Then , from page 153 we encounter the important update. It starts with basics about Bank of Cyprus collapse and what happened to depositors' money. According to the author, this may happen on the global scale in all so called G-SIFI banks. Major Financial Crisis is coming.
Importantly there is some writing about manipulations of precious metals prices and other scams (LIBOR scandal), that affect direction of the market).
Wolfe writes in the end (having in mind manipulations):

"Current estimates for the foreseeable future, despite all fundamentals to the contrary, are that the dollar will continue to rise, precious metals will decline and the DJ Index will continue its bull market ride into uncharted territory".

Well, read the book, contemplate the warnings. Learn what to do to protect yourself. This book is a treasure of knowledge about unscrupulous rulers of G20 nations..the big central banks under the thumb of Basel based BIS.

[Fred · Rating 4 out of 5]

It was ok. A collection of papers on international finance. A little repetative.

[Jeanne · Rating 2 out of 5]

Too much repetition as well as typo's

I guess I was expecting a well-planned and organized work in chronological order. I can't figure out how it was copyright 2016. Oh well.......