Overview
How the wealthy and powerful abuse finance to skim immenseprofits
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.
- Presents an inside look at how moneyed and powerful interestsdebase the dollar through the willful and intentional failure tohonestly represent short and long-term mathematical truths thatunderlie all economic systems
- Shows how, if imbalances are not corrected, financial criseswill reoccur again and again
- Authored by Karl Denninger, who has been running the popularwebsite The Market Ticker since 2007
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