{"product_id":"the-committee-to-destroy-the-world-isbn-9781119183549","title":"The Committee to Destroy the World","description":"\u003cb\u003eAn updated examination of what's weakening the U.S. economy, and how to fix it\u003cbr\u003e\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eThe Committee to Destroy the World: Inside the Plot to Unleash a Super Crash on the Global Economy\u003c\/i\u003e is a passionate and informed analysis of the struggling global economy. In this masterfully conceived and executed work, Michael Lewitt, one of Wall Street's most respected market strategists and money managers, updates his groundbreaking examination of the causes of the 2008 crisis and argues that economic and geopolitical conditions are even more unstable today. His analysis arrives in time for the impending economic and geopolitical debates of the 2016 election season. Lewitt explains in detail how debt has now overrun the world's capacity, how federal policies of the past few decades have created a downward vortex sapping growth and vitality from the American economy, and how greed and corruption are preventing reform. \u003cp\u003eThe financial crisis created tens of trillions of debt, leaving investors to pay a huge price for these policy failures:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe highest asset inflation we've seen in our lifetimes, although the government claims there isn't enough inflation\u003c\/li\u003e \u003cli\u003eMore than $2 trillion of stock buybacks funded with low cost debt that are artificially inflating stock prices\u003c\/li\u003e \u003cli\u003eThe Federal Reserve and other global central banks becoming the largest buyers of government debt in order to suppress interest rates\u003c\/li\u003e \u003cli\u003eAn M\u0026amp;A boom resulting from companies needing to find growth outside of their core businesses\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile the financial media misses the story, Lewitt pulls no punches explaining how all of these trends are leading to the brink of another crisis.\u003c\/p\u003e \u003cp\u003eLewitt lays out a survival plan for the average investor to protect their assets when the debt bubble bursts. The first edition of this book expressed hope that policymakers would not let the financial crisis go to waste. This book urges investors to learn from the crushed hope and take action before the next crisis.\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eIntroduction The Committee to Destroy the World 1\u003c\/p\u003e \u003cp\u003eChapter 1 The 2008 Crisis—Tragedy or Farce? 57\u003c\/p\u003e \u003cp\u003eChapter 2 The Death of Capital 93\u003c\/p\u003e \u003cp\u003eChapter 3 Capital Ideas 109\u003c\/p\u003e \u003cp\u003eChapter 4 Empty Promises 145\u003c\/p\u003e \u003cp\u003eChapter 5 Financialization 163\u003c\/p\u003e \u003cp\u003eChapter 6 From Innovators to Undertakers 181\u003c\/p\u003e \u003cp\u003eChapter 7 Welcome to Jurassic Park 225\u003c\/p\u003e \u003cp\u003eChapter 8 The Road to Hell 259\u003c\/p\u003e \u003cp\u003eChapter 9 Finance after Armageddon 277\u003c\/p\u003e \u003cp\u003eChapter 10 Unfi nished Business 317\u003c\/p\u003e \u003cp\u003eChapter 11 How to Save Yourself 339\u003c\/p\u003e \u003cp\u003eConclusion “This Is Later” 359\u003c\/p\u003e \u003cp\u003eNotes 367\u003c\/p\u003e \u003cp\u003eBibliography and Other Sources 397\u003c\/p\u003e \u003cp\u003eAbout the Author 405\u003c\/p\u003e \u003cp\u003eIndex 407\u003c\/p\u003e \t \u003cp\u003e\u003cb\u003eMichael E. Lewitt\u003c\/b\u003e is widely recognized as one of the top credit strategists in the world. He's been a major player in the money management business for more than 25 years, and his Third Friday Total Return Fund ranks among the best in the hedge fund industry. \u003ci\u003eThe Financial Times\u003c\/i\u003e recognized him as one of the few analysts to correctly predict both the credit crisis of 2001-02 and the financial crisis of 2007-08. Since 2001, Michael's \u003ci\u003eThe Credit Strategist\u003c\/i\u003e newsletter has influenced many of the world's leading investors. He also writes \u003ci\u003eSure Money\u003c\/i\u003e and contributes to \u003ci\u003eMoney Morning\u003c\/i\u003e.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eIn the days after the 2008 financial crisis, surveying the debris of the global economy, our leaders swore they would never allow such a disaster to happen again. But that crash didn't materialize out of thin air—and neither will the next one.\u003c\/i\u003e\u003cbr\u003e\u003cb\u003eBlame the Committee to Destroy the World.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOver the past eight years, a small group of politicians, central bankers, and regulators adopted wildly activist policies to solve the debt crisis and promote recovery. Zero interest rates... QE schemes to monetize trillions of dollars... currency debasement. All of it was guaranteed to lead the world straight into the jaws of another financial crisis. \u003c\/p\u003e\u003cp\u003eToday the markets are much more distorted, the world is much more indebted and leveraged, and geopolitics are much more fractured. These corrupt and inept policy makers have no tools left —leaving us on the verge of a \"Super Crash\" that will make 2008 look like a garden party. \u003c\/p\u003e\u003cp\u003eCredit expert Michael Lewitt pulls no punches in explaining where we went wrong. But the real power of this book is in his solutions—not just at a policy level, but for individual investors managing their wealth. In this book he: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eDetails how all asset classes are grossly inflated in value—stocks, bonds, real estate, art, collectibles—and how to find and exploit the pockets of opportunity\u003c\/li\u003e \u003cli\u003eHighlights the worst investments to hold now\u003c\/li\u003e \u003cli\u003eReveals the secret to investment success in a post-crisis global economy\u003c\/li\u003e \u003cli\u003eDiscusses the importance of formulating your own \"alternative strategy\"\u003c\/li\u003e \u003cli\u003eGives specific recommendations on the U.S. dollar, gold, equities, bonds, income-generating securities, emerging market investments, and more\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eLewitt's message: It's not too late. The global financial system is resilient. But investors no longer have the luxury of waiting for politicians and central bankers to come to their senses. They need to act in their own self-interest—starting now.   \u003c\/p\u003e\u003cp\u003eIn the days after the 2008 financial crisis, surveying the debris of the global economy, our leaders swore they would never allow such a disaster to happen again. But that crash didn't materialize out of thin air—and neither will the next one.Blame the \u003cb\u003eCommittee to Destroy the World\u003c\/b\u003e. \u003c\/p\u003e\u003cp\u003eOver the past eight years, a small group of politicians, central bankers, and regulators adopted wildly activist policies to solve the debt crisis and promote recovery. Zero interest rates… QE schemes to monetize trillions of dollars… currency debasement. All of it was guaranteed to lead the world straight into the jaws of another financial crisis. \u003c\/p\u003e\u003cp\u003eToday the markets are much more distorted, the world is much more indebted and leveraged, and geopolitics are much more fractured. These corrupt and inept policy makers have no tools left —leaving us on the verge of a \"Super Crash\" that will make 2008 look like a garden party. \u003c\/p\u003e\u003cp\u003eCredit expert Michael Lewitt pulls no punches in explaining where we went wrong. But the real power of this book is in his solutions—not just at a policy level, but for individual investors managing their wealth. In this book he: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eDetails how all asset classes are grossly inflated in value—stocks, bonds, real estate, art, collectibles—and how to find and exploit the pockets of opportunity\u003c\/li\u003e \u003cli\u003eHighlights the worst investments to hold now\u003c\/li\u003e \u003cli\u003eReveals the secret to investment success in a post-crisis global economy\u003c\/li\u003e \u003cli\u003eDiscusses the importance of formulating your own \"alternative strategy\"\u003c\/li\u003e \u003cli\u003eGives specific recommendations on the U.S. dollar, gold, equities, bonds, income-generating securities, emerging market investments, and more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eLewitt's message: It's not too late. The global financial system is resilient. But investors no longer have the luxury of waiting for politicians and central bankers to come to their senses. They need to act in their own self-interest—starting now.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990190932197,"sku":"NP9781119183549","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119183549.jpg?v=1761786854","url":"https:\/\/k12savings.com\/products\/the-committee-to-destroy-the-world-isbn-9781119183549","provider":"K12savings","version":"1.0","type":"link"}