The Way to Freedom, Part 2: Money's creative destruction

ISBN-13: 9782970072317 / Angielski / Miękka / 2011 / 286 str.

Carl Kyler

Opis

CAN GOVERNMENTS KEEP FINANCING GIANT DEBT AND DEFICITS? OR WILL THEY DESTROY THE WORLD'S FINANCIAL SYSTEM? A romance-thriller at its finest hour, novelist Carl Kyler continues down a bold path in The Way to Freedom: Part 2, his second book in a series that conjures the philosophy and writings of Ayn Rand. With a dry wit, unforgettable characters, and a nice tempo of intrigue, suspense, and action, Kyler depicts the frightening scenario of a major financial crisis, where Western governments risk bankruptcy due to their ever-increasing debt and deficits. In parallel to this crisis, a new world based on gold money, low taxes, and individual freedom further develops to offer hope for a new kind of society for the 21st century. Professor Montgomery Benson and the Free Men, Real Money social network, created by his former student Mark Lomack, are again at the heart of breathtaking events as an unprecedented financial crisis develops. Benson knows a thing or two about what the world needs to survive. His students have been willing to listen, but on the world stage, will Benson be able to convince policymakers what they need to do to avoid disaster? In this sequel, under pressure from capital drain and a continuous weakening of the dollar, euro, and yen due to the existence of gold money, governments of Western countries become unable to sell the bonds they need to finance deficits. A radical tax increase is tried, without success. The last chance to salvage public finance is a radical cut in public spending, but violent strikes, notably in Latin countries, force governments to retreat. At the same time the drain of capital, savings, and talent from the Western world continues. The drain goes to the gold countries, but also to the emerging economic powers China, India, Russia, and Brazil, and to Eastern Europe where a few countries defy the big-government policies of the European Union. Led by Mark Lomack's social network, a growing movement unites the gold money countries with the Eastern countries to challenge the irresponsible behavior of Western governments. The Way to Freedom Part 2, Money's Creative Destruction, is an adventure within an adventure. The international saga continues and as the world financial crisis pecks away at mankind's financial options, one thing is certain: the countdown has begun.