Debasement of the dollar as a result of ill-use of leverage isdestroying the global economy, and in Leverage, well knownmarket commentator Karl Denninger follows the path of moneythroughout history to prove that currencies are debased whenmoneyed and powerful interests pull the levers of government andpolicy to enrich themselves at the expense of the masses. Theresult is ugly: the value of everything—includinggold—falls, and even personal safety is at risk in a worldwhere there is limited money even for essentials like food andfuel. History is littered with the collapse of monetary andeconomic systems from Rome to Germany to Zimbabwe.
KARL DENNINGER Founded The Market Ticker® (market-ticker.org), a blog dedicated to uncovering market mischievousness. He is also a columnist on SeekingAlpha.com and has appeared on MSNBC with Dylan Ratigan, on CNBC, and is a frequent guest on WBAL talk radio in Baltimore. He produces a weekly Internet radio segment on BlogTalkRadio with real-time call-ins from listeners and occasional invited guests. Karl is also one of the original founders of the Tea Party movement, and, along with FedUpUSA, launched the first financial protests related to the bailout of banking institutions after the failure and forced takeover of Bear Stearns. Previously, he was CEO of Macro Computer Solutions, and is a self-made entrepreneur and millionaire.
Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.
Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.