There is an unexploded bomb in the global financial system, threatening to bring the greatest disruption to the lives of people since the Depression on the 1930s. This potential explosion has been created by dereliction of duty by the world's largest central banks, which have helped to create an unsustainable illusion of personal wealth and national prosperity, exposing the public to uninsurable risks in the process. This volume looks at how this economic timebomb has been created by unchecked credit expansion and the potential havoc it could wreak.
Sprache
Verlagsort
Verlagsgruppe
Illustrationen
30 tables & graphs, glossary, bibliography, index
Maße
Höhe: 242 mm
Breite: 163 mm
Dicke: 31 mm
Gewicht
ISBN-13
978-0-7139-9272-4 (9780713992724)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Klassifikation
A clearing of the mist; inflation - public enemy number one; the pied pipers of Zurich; banks reproved and re-invented; the rise and rise of the financial markets; throwing caution to the wind; risk markets and the paradox of stability; the illusion of unlimited savings; the bloated bond markets; the erosion of credit quality; the phoney auction of private savings; the separation of financial value from economic reality; borrowed time.
