Truth About Global Economic Crisis: Book Review

You want to read The Global Economic Crisis The Great Depression of the XXI Century, edited by Michel Chossudovsky and Andrew Gavin Marshall, if you meet these criteria: you welcome information and analysis about critically important issues that come from great thinkers outside the mainstream media and publishing world; you can handle brain pain from detailed and brutally honest revelations; you are willing and able to challenge your own biases and preconceptions to let in new explanations of how the world really functions.

If millions of Americans read this book, we would probably see a far stronger uprising against the political establishment that has refused to severely punish the countless guilty people in the financial, banking and mortgage sectors that brought down the US and global economic system.

This book ties together a large number of factors in twenty chapters that reveal just how corrupt the world has become because of the power of plutocratic, wealthy and corporate interests. From Wall Street corporate boardrooms to the Federal Reserve and other central banks to the US military and NATO, a multitude of threads get woven into a disturbing tapestry of crimes against society that still have not been prosecuted.

This book is truly an instrument of anti-brainwashing. If you are willing to spend serious time reading it, then you surely will become much angrier about the dismal state of the economy that is causing so much pain and suffering to ordinary people worldwide. If you personally have escaped the worst ravages of the economic meltdown, then you will have much more compassion for those severely affected.

In all honesty, if the current global economic crisis has made you angry, pessimistic, fearful, paranoid, despairing and worse, then this book will most likely exacerbate all such feelings. By revealing still more connections, implications and causes, this book will motivate you to do anything you can to fight the corporate, plutocratic forces devastating the lives of ordinary people. If you already have little confidence in government, it will only make things worse. Does all this mean you should avoid reading it? Absolutely not.

Here are a few statements from the book that resonated with me and that you can use to decide whether the general philosophic orientation of it is compatible with your views:

“Wall Street’s Ponzi scheme was used to manipulate the market and transfer billions of dollars into the pockets of banksters.”

“Government rescue packages around the world are corporatist in their very nature, as they save the capitalists at the expense of the people.”

“The global political economy is being transformed into a global government structure at the crossroads of a major financial crisis.”

Just gin up the courage to read it, get out several color markers to highlight passages and expand your knowledge to overcome all the propaganda constantly being hurled at you. We need more citizen unrest to energize more public protests to overthrow the powers that have corrupted and perverted our government. A key voice in the mainstream media that is in sync with the painful messages in this book is Dylan Ratigan who has a terrific daily show on MSNBC. He too should read this timely book.

Book Summary: Unlimited Wealth – Theory and Practice of Economic Alchemy by Paul Zane Pilzer

The basics of economics are supply, demand and scarcity. Economics best describes how to divide these scarce resources up amongst a growing population. Paul Pilzer takes a very different approach to Economics. He believes in Unlimited Wealth and shows examples of why technology and human ingenuity are the keys that unlock that wealth.

Why is this important to me?

I am not doing this summary to waste your time. It is my vision to provide concise action steps that you can adopt right now to enhance your financial life. Paul Pilzer writes of unlimited wealth creation. His spin is Alchemy is the creation of wealth while Economics is simply the method for moving it around.

I am really intrigued by the concept of unlimited wealth creation. If you look at human progress in free societies, the real difference has been in creation. Commodities and resources are in fact finite but the way we use them is what is unlimited. The ideas are unlimited. An acre of land today produces far more food than an acre a generation ago.

Unlimited Wealth discusses several major topics. For the sake of time, I will review the salient points outlined by Paul.

1. Supply Side Alchemy – The Wealth Equation: W=PT^n – This equation means – W (Wealth) = P (Physical Resources) x T (Technology) to the nth power where n is the effects of the technological advances. The expansion of physical resources depends on the technological advances. Supply side Alchemy consists of three laws. The key to this equation is what Paul calls the third law of Alchemy – The rate at which a society’s technology advances is determined by the relative level of its ability to process information. Let’s look at how society has progressed based on the third law of Alchemy. Humans figured out how to write, then the printing press was created, then the computer was created and purchasable by the average consumer. Now we have the internet, social media, search engines and everything else to share knowledge. The speed of information exchange is exponential hence so is our level of wealth.

2. Demand Side Alchemy – The demand side alchemy consists of the fourth and fifth laws. The fourth law states – By providing us with new products and processes that change the way in which we live, technology determines what constitutes a need, and hence the nature of consumer demand. In a nutshell, demand can be created by creating and innovating new products. Apple is on its way to be the first company to hit a Trillion dollar valuation. All of their products were created first and then the demand came from it.

3. Sixth Law of Alchemy – The immediate economic potential for an individual, an industry or society can be explained by examining the technology gap, the best practices possible with current knowledge, and the practices in actual use. This is important today because China and India are way ahead of the U.S. in terms of science and math. Technology strives on science and math and societies that adapt it faster will create wealth faster. This is where the balance of power can shift over time.

Unlimited Wealth is definitely a controversial study based on regular Economics theory. Since I am in the technology field, I agree with Paul that Unlimited Wealth can be created through technology and innovation. Products are being created right now that no market exists. Some of these products will fall flat while others will explode. Take a look at Facebook. This company came from nowhere and is now valued at over $50 billion.

I hope you have found this short summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days. One thing you can take away from this book is scarcity is a negative mind set. I say this because if you believe in unlimited wealth creation then ideas will flourish.

Relationship Economics by David Nour – Book Review

Title and Author: Relationship Economics by David Nour

Synopsis of Content:

David Nour revisits a common subject of books these days but with a different twist. He identifies the most important resource of a business (and arguably of a person) to be their relationships – who they know and the quality of their relationship with those they know.

Nour divides relationships into three categories: personal, functional and strategic. He suggests each type of relationship serves different functions and require different approaches to establish and to nourish.

He argues that relationships are the centric goals for business development whether we realize it or not. He also discusses how our relationships guide us in developing our leadership ability.

Nour applies Social Network Analysis (SNA) and several other scientific measurement approaches to identify the significance of relationships and to plan for them strategically. The book discusses how to develop relationships, such as those with customers, and how not to. Nour even provides a 30-60-90 day personal relationship plan to build and nurture relationships.

Nour’s book offers some unique and creative approaches to understanding the significance and power of relationships in our business and in our lives. While he protests that his book is not about using or exploiting people and relationships it is difficult to see how the business application aspects of his book and the strategic applications do not in fact teach one how to utilize relationships and their development to your advantage – a glossy way of saying he shows you how best to use them.

This book is worth the read. You will undoubtedly learn some valuable ideas about how to establish and grow relationships in the business world. It should be read however with a bit of caution – taken too far the ideas here could be exploitive and contrary to one’s personal integrity. In fairness to Nour, many people use far less strategic thinking to exploit their relationships – he does not advocate exploitation but the tools he teaches would seem to make it far easier to accomplish.

Readability/Writing Quality:

The book is quite readable. It is organized like most modern business books with many chapters, sub sections and application or example boxes. While the book has a logical flow it is sometimes difficult to remember what section you are in based on the content.

Notes on Author:

David Nour describes himself as a “social networking strategist”. He heads up his own consulting company called BeOne Now.

Three Great Ideas You Can Use:

1. The main reason networking does not work is that it lacks purpose, goals, is haphazard and reactive. Learning to plan networking with a definite purpose, a set of goals and a strategic plan makes it far more effective.

2. Teams should be selected and trained along the “relationship-centric” model; that is, using team members who possess and demonstrate the most relationship functional attributes.

3. To attract the most influential relationships you must build your relationship currency, what you have to offer to attract the relationships you seek; this currency includes: becoming more interesting by deepening your own horizons and interests, building a personal brand, and becoming known for your high value content.

Publication Information:

Relationship Economics by David Nour

Copyright 2008 by David Nour. Published by John Wiley & Sons, Inc.

Overall Rating for Book: Good