The Unfair Trade

The Unfair Trade

How Our Broken Global Financial System Destroys the Middle Class

Book - 2012 | 1st ed
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"The global financial system has enormous influence on the day-to-day lives of billions, yet is shrouded in mystery and poorly understood. Through narrative-driven reporting, vivid storytelling, and perceptive analysis Michael Casey brings to light the distorted, dysfunctional global economic system that benefits a tiny elite but leaves the rest of the world's population powerless. In ways that wonkish tomes cannot, this anecdote-rich account of the effects of global finance on the lives of ordinary people shows why we must understand and care about rigid misaligned exchange rates, currency wars, and the dangerous imbalance in the world's savings and spending patterns"-- Provided by publisher.
Publisher: New York : Crown Business, ©2012
Edition: 1st ed
ISBN: 9780307885326
0307885321
9780307885302
0307885305
Branch Call Number: 332.042 CASEY
Characteristics: viii, 403 pages ; 25 cm

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StarGladiator
Apr 29, 2013

Good book, and I am in full agreement with dirtbag1's comments below, and he/she sums it up perfectly: "he optimistically suggests that the powerful economic and political elite should forego personal interest and work together for the betterment of humanity" This didn't just happen, or derive from unintended consequences - - chaos works to their benefit, always! The credit default swap came from the same person who later did the carbon derivatives. Unlimited naked swaps, unlimited futures contracts, et al., are their tools of destruction.

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dirtbag1
Nov 30, 2012

This is a book well worth reading. It provides enough depth and breadth of knowledge relating to world financial and political inequalities to receive a coveted 4 star rating. His story is truly global in scope and he identifies the steps we might take to right the ship. However, he optimistically suggests that the powerful economic and political elite should forego personal interest and work together for the betterment of humanity. Wishful thinking indeed. If you want a well written book that tries to explain how we got into the mess we're in this might be for you.

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