What exactly is money and what does it do? We might understand coins, notes, and gold bars but do we understand credit default swaps and sovereign wealth funds? In responding to these questions with concise historical analysis and demystifying language, Peter Stalker exposes the flaws in the system that led to financial crisis.
He reveals that this is not just a banking crisis, it is a crisis of money. A combination of deregulation, incompetence, and greed create the conditions for boom and bust. This concise book provides an understanding of these factors and the strategies that can take them out of the equation, so that ordinary people can regain control of money.
A No-Nonsense Guide
Part of the No-Nonsense Guides series.
Peter Stalker’s concise explanation of the money crisis does an excellent job of deconstructing finance.
– Walden Bello, Focus on the Global South, Philippines
These short books supply us with clear, well-written and memorable analyses that cut to the chase.
– Susan George, President of the Board, Transnational Institute
|Foreword||by Walden Bello|
|Chapter 1||What is Money|
|Chapter 2||The Creation of Banks|
|Chapter 3||Banks of All Shapes and Sizes|
|Chapter 4||Stocks, Bonds and Dodgy Deals|
|Chapter 5||Dollars Without Borders|
|Chapter 6||The 2008 Crash: Debt-Driven Disaster|
|Chapter 7||How to Get Our Money Back|