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Here is a list of books we believe can help further your investing education. Our “online library” keeps growing so check back for updates from time to time. We provide you with a short synopsis and links to make online purchases. |
by Ferdinand Lips Gold Wars provides an excellent review of gold's monetary history, from the earliest uses as money to the abandonment of its official monetary role under the modern welfare/warfare state. It shows how governments, fearing the affinity of free people for gold, fight it, thereby helping to destroy whole countries along with the gold mining industry. The author condemns gold "hedging," gold market manipulation by governments and bullion banks, fiat money and debt. He concludes that only a gold standard can return an ailing world economy to its full potential, and help to secure peace and freedom for mankind. |
by Marc Faber | CLSA Books Famous for his approach to investing, Marc Faber does not run with the bulls or bait the bears but steers his own course through the maelstrom of international finance markets. In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. In this book, Faber sets out to find tomorrow's gold - the outperforming asset classes of the future. Far from being a sensational reading of the runes, this book delves deep into past booms and busts, to chart how previous investment trends developed and assess how new patterns might emerge. |
by Costantino Bresciani-Turroni | Ludwig Von Mises Institute Economics of Inflation: A Study of Currency Depreciation in Post-War Germany As an Austrian study of hyperinflation, this study has never been surpassed. The same is true of the detailed examination of the rise of hyperinflation in German in the interwar period: there is not anything more authoritative. The narrative is very exciting and infused with a thoroughly Austrian understanding of the impact of dramatic monetary expansion. It affects not only prices but also capital structures, political events, and the structure of society itself. Hitler did not emerge in a vacuum. Bresciani-Turroni covers the essential prehistory of a world-wide calamity. This volume is thorough, authoritative, and riveting in every respect - the achievement of a lifetime to last the ages. |
by William Bonner | Wiley Financial Reckoning Day is a "big picture" investment book that skillfully illustrates how the American economy is following in the footsteps of the Japanese economy, which fell into a long, soft "slow motion" deflationary depression brought about by two irresistible forces–its aging population and a structural reaction to the greatest financial boom in its history. With the U.S. market in a downturn, investors are looking for answers to why this is happening and what they can do to protect their investments. Financial Reckoning Day will provide the answers to those questions. Written by a team of well-respected financial professionals–whose publications and newsletters reach a quarter million investors each week–this book shows readers how the economic megaboom of the 1990s will inevitably be followed by a megabust in the first decade of the twenty-first century. Many believe that depressions are artifacts of financial history, not features of the future. Financial Reckoning Day shows why these events are a real possibility and discusses the dangers they pose to investors around the world, arguing that popular democracy, aging populations, and bad economic theories doom Western economics to bear markets, and falling consumer spending for years to come. More importantly, it shows readers how they can survive and thrive during such events. |
by James DiGeorgia | 21st Century Investor Publishing Inc. $1,000 Gold and the many ways to profit from it. |
by Nathan Lewis | Wiley In the first years of this new century, the price of gold nearly tripled. Why should today's investors take notice? Because gold is the ultimate competitor to the U.S. dollar. In this age of increasing global competition and military conflict, ignoring the gold market could be devastating for anyone seeking to build wealth over the long run. A vote for gold is a vote against the dollar, against paper money . . . and paper assets. It's a way of saying, "Yes, we know Mr. Bernanke, Mr. Bush, and Goldman Sachs are doing a good job, but it might be a good idea to have some REAL money, just in case." The world's commercial centers have used one or another variant of a gold standard for most of the last three millennia. And for good reason: gold forces governments to be fiscally responsible and it provides a stable environment for rapid economic growth as well as a safe environment for individual investors to grow their own wealth. For the last thirty-five years, the U.S. government has been able to "print" money at will. If history is any guide, this government will do as all governments have in the past: overprint, causing the currency to crash. Inevitably, they will be forced to return to the gold standard, but at great expense and with considerable suffering. Investors who are not prepared will suffer the most. Unfortunately, asserts Nathan Lewis, both advocates and detractors of the gold standard grossly misunderstand the inner workings of this human institution. In making his case for a return to the gold standard, Lewis takes a whirlwind tour of money in all its forms, from the seventh century B.C. to the present day, explaining in straightforward layman's terms the effects of inflation, deflation, and floating currencies along with their effect on prices, wages, taxes, and debt.
Lewis also provides an engaging history of U.S. money and offers a sobering look at recent currency crises around the world, including the Asian monetary crisis of the late 1990s and the devastating currency devaluations in Russia, China, Mexico, and Yugoslavia. And, in doing so, explains why making gold a part of your portfolio has never been more important than it is today. The ultimate conclusion of Gold: The Once and Future Money is simple but powerful: the gold standard produced decades, even centuries, of solid money and economic abundance. If history is any guide, we can –and should–abandon this era of easy money and return to the stability of the gold standard. |
by David Morgan | Morgan James Publishing Quoting from the book, "The main purpose in writing this book is to make the investment community at large aware of what I believe to be the single best investment in the world at the present time-silver!" |
by Russell Napier | Harriman House This is a good time to look at the financial bear. How does one spot the bottom of a bear market? What brings a bear to its end? There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982, Russell Napier sets to answers these questions by analysing every article in the Wall Street Journal of either side of the market bottom. In these 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging. By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best financial provisions for the future. |
by Michael J. Panzner | Kaplan Publishing From desperate interest rate cuts and chaos in global financial markets to the sub-prime mortgage crisis and a fast-crumbling tower of public and private debt, Wall Street insider Michael J. Panzner exposes the cracks in the dike, the looming economic threats, and the vast array of promises and obligations that will ultimately go unfulfilled. How did we get to this place, and how can we protect ourselves from the fallout? This revised and updated edition features a new introduction by the author on the predictions that have come to pass since the book was first published. It also provides a financial bomb shelter for every American by identifying the most pressing risks we face today as well as what we can do to survive the crisis: How an unraveling economy will affect each one of us. |
by Ron Paul | Cato Inst This book first written in the early 1980's by the honorable Congressman from Texas and Lewis Lehrman discusses the feasibility of bringing back the gold standard. Moreover, Paul makes the case for the gold standard and the case for abolishing the Federal Reserve, which has to its credit: a Great Depression, bloated government growth, skyrocketing public and private debt, stagnating economic growth, and an inflationary boom in the 1970's. |
by Peter D. Schiff , John Downes | Wiley The economic tipping point for the United States is no longer theoretical. It is a reality today. The country has gone from the world's largest creditor to its greatest debtor; the value of the dollar is sinking; domestic manufacturing is winding down - and these trends don't seem to be slowing. Peter Schiff casts a sharp, clear-sighted eye on these factors and explains what the possible effects may be and how investors can protect themselves. For more than a decade, Schiff has not only observed the U.S. economy, but also helped his clients reposition their portfolios to reflect his outlook. What he sees is a nation facing an economic storm brought on by growing federal, personal, and corporate debt, too-little savings, a declining dollar, and lack of domestic manufacturing. Crash-Proof is an informed and informative warning of a looming period marked by sizeable tax hikes, loss of retirement benefits, double digit inflation, even - as happened recently in Argentina - the possible collapse of the middle class. However, Schiff does have a survival plan that can provide the protection that readers will need in the coming years. |
by Hans F Sennholz | Western Islands Age of Inflation is an enlightening and sobering analysis of the history and theory of inflation in the twentieth century. Written from the perspective of the Austrian School, the Book Recounts the German experience with inflation and price controls from World War I to the end of World War II. It deftly exposes the errors of the monetarists and their faith in political money, and examines the policies and consequences of the Federal Reserve System, offering recommendations for restoring a sound monetary system. |
by Robert J. Shiller | Doubleday Business Taking his book's title and thesis from Alan Greenspan's 1996 description of investors, Shiller (economics, Yale Univ.) studies the current booming U.S. stock market in historical terms. His research into past U.S. and international markets indicates that during every speculative bubble there was always widespread consensus that high valuations were justified by each market's special circumstances. Every large market correction seemed to result from popular consensus rather than specific events or news. Shiller says that past bull and bear markets, though often based initially on sound fundamental reasoning, fed upon themselves to go beyond what the facts justified. He challenges the efficient market theory, demonstrating that markets cannot be explained historically by the movement of company earnings or dividends. He concludes that the current U.S. stock market is a speculative bubble awaiting correction. While the book certainly belongs in all academic business collections, public libraries should also purchase it as a counterweight to the plethora of get-rich-quick investment guides. |
by Adam Smith (Author), Alan B. Krueger | Bantam Classics In his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nations provided the first--and still the most eloquent--integrated description of the workings of a market economy. The result of Smith’s efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This unabridged edition offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth--and that continues to influence our economy right up to the present day. |
by JesĂşs Huerta de Soto | Ludwig von Mises Institute Such a book as this comes along only once every several generations: a complete comprehensive treatise on economic theory. It is sweeping, revolutionary, and devastating--not only the most extended elucidation of Austrian business cycle theory to ever appear in print but also a decisive vindication of the Misesian-Rothbardian perspective on money, banking, and the law. |
by Antony C. Sutton | Liberty House Sutton proves conclusively that the United States financed the economic and military development of the Soviet Union. Without this aid, financed by U.S. taxpayers, there would be no significant Soviet military threat, for there would be no Soviet economy to support the Soviet military machine, let alone sophisticated military equipment. The book reads almost like a legal brief from the prosecution. |
by David Wiedemer, Robert Wiedemer,Cindy Spitzer, Eric Janszen | John Wiley & Sons America’s Bubble Economy is the first book to focus on several simultaneous financial bubbles that are interacting to temporarily boost—and ultimately threaten—the United States and world economies. Filled with expert analysis and straight talk, this book will show you how to turn the coming economic transformation into a once-in-a-lifetime wealth-building opportunity.
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by Addison Wiggin | Wiley Just when you thought the dollar couldn’t sink any further, it continues on a downward spiral. And now, with this fully revised and updated edition of The Demise of the Dollar, Addison Wiggin returns to reveal the many ways you can capitalize on this opportunity. Picking up where the bestselling original edition left off, this engaging book examines the many reasons behind the dollar’s ongoing decline and provides you with the information needed to financially survive and thrive during the years ahead. |
by Peter Warburton | Publisher:Penguin Books |
by Richard Heinberg | New Society Publishers If the US continues with its current policies, the next decades will be marked by war, economic collapse, and environmental catastrophe. Resource depletion and population pressures are about to catch up with us, and no one is prepared. The political elites, especially in the US, are incapable of dealing with the situation and have in mind a punishing game of "Last One Standing." The alternative is "Powerdown," a strategy that will require tremendous effort and economic sacrifice in order to reduce per-capita resource usage in wealthy countries, develop alternative energy sources, distribute resources more equitably, and reduce the human population humanely but systematically over time. While civil society organizations push for a mild version of this, the vast majority of the world's people are in the dark, not understanding the challenges ahead, nor the options realistically available. |
by Matthew R. Simmons | Wiley Investment banker Simmons offers a detailed description of the relationship between Saudi Arabia and the U.S and our long-standing dependence upon Saudi oil. With a field-by-field assessment of its key oilfields, he highlights many discrepancies between Saudi Arabia's actual production potential and its seemingly extravagant resource claims. Parts 1 and 2 of the book offer background and context for understanding the technical discussion of Saudi oil fields and the world's energy supplies. Parts 3 and 4 contain analysis of Saudi Arabia's oil and gas industry based on the technical papers published by the Society of Petroleum Engineers. Simmons suggests that when Saudi Arabia and other Middle East producers can no longer meet the world's enormous demand, world leaders and energy specialists must be prepared for the consequences of increased scarcity and higher costs of oil that support our modern society. Without authentication of the Saudi's production sustainability claims, the author recommends review of this critical situation by an international forum. A thought-provoking book |
by Vincent R. Locascio | Weltanschauung Financial Press Many people believe that monetary gold inhibits the Fed from effectively managing money on behalf of the public interest. The Monetary Elite vs. Gold’s Honest Discipline presents evidence in support of an opposing view. First, the Fed wields its substantial power on behalf of a monetary elite not on behalf of the general public. Second, this power essentially depends on a monetary unit that is undefined and that the Fed can create effortlessly, at virtually no cost, at will, and by fiat. Third, the banking system is empowered by governmentally granted special privileges to pyramid these intrinsically worthless and totally undefined "reserves" that the Fed creates out of thin air into still more dubious dollar claims, which banks distribute at interest throughout the economy. This book explains why the current structure of our monetary system is fatally flawed. If, however, our monetary unit were defined as a weight of precious metal and if the banking system did not enjoy special privileges that circumvent the free market, the monetary elite’s self-serving mischief-making would be significantly curtailed. Under such circumstances, all but a handful of specially privileged elites would be better off and our monetary system would reflect free markets principles. |
by Charles R. Morris | Publisher: Public Affairs We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets. The crash, when it comes, will have no firebreaks. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will come crashing down with it. The Trillion Dollar Meltdown explains how we got here, and what is about to happen. After the crash our priorities will be quite different. But things are likely to get worse before they better. Whether you are an active investor, a homeowner, or a contributor to your 401(k) plan, The Trillion Dollar Meltdown will be indispensable to understanding the gross excess that has put the world economy on the brink—and what the new landscape will look like. |
by Richard Heinberg | New Society Publishers In his latest, "Peak Oil" expert Heinberg (Oil, War and the Fate of Industrial Societies) puts that theory in place alongside corresponding peaks in population, food production, climate stability and fresh water availability to paint a grim future of overlapping and accelerating global crises. For an introduction to Peak Oil, the idea that coming fossil fuel shortages will be sudden and drastic, readers should seek Heinberg's earlier works; this volume assumes familiarity and addresses the challenges a post-carbon world poses for a global community "as reliant on hydrocarbons as it is on water, sunlight, and soil." The worst-case scenario, "global economic meltdown" and a new round of resource wars, can only be avoided "by proactively reducing our reliance on oil, gas, and coal ahead of depletion and scarcity." This involves a vast, worldwide change to fossil fuel-free production that prizes handcrafted buildings and objects, durable and simple design, ease of reparability and material conservation. Although Heinberg attempts to inject some optimism, the intersection of peak oil and climate change-not to mention overpopulation, water scarcity, a clueless ruling class and a citizenry largely unaware of the problem's magnitude-is not a hopeful vantage point, and readers may not want to tackle this downer without other works on deck to provide plans for action. |
by Peter Hartcher | Publisher: W.W. Norton Former Federal Reserve chairman Alan Greenspan's famous 1996 pronouncement that an "irrational exuberance" had gripped the American stock market was premature; the markets continued to climb, reaching an exceptional peak in March 2000 before sliding into a $7.8 trillion collapse. Hartcher (author of The Ministry and an editor at the Sydney Morning Herald) turns his attention to the culprits behind "the madness that was the Great American Bubble"—what was in purely monetary terms, the single costliest event in American history. The author blames corporations, Wall Street, the government and the media, but chief among his targets is Greenspan himself, whom Hartcher indicts for keeping interest rates low and investors' attitudes cheery. In this account, Greenspan's retreat from the critical position he staked in 1996, in the face of political opposition and public mania, earns him a decisive share of responsibility for the bubble and its consequences. Equal parts revisionist history, economics lesson and admonitory polemic, the book briskly moves through complex concepts with illustrative examples and straightforward analysis. While the text is occasionally repetitive (e.g., frequent mention of the crash of 1929), Hartcher's brisk, lively approach transforms a potentially dry dissection of monetary policy into an engaging cautionary tale. |
by Ravi Batra | Palgrave Macmillan In 1987, Alan Greenspan was appointed chairman of the Federal Reserve, and Batra had a bestseller predicting a depression deeper than the Great Depression, lasting from 1990 to 1996. Batra's second book, two years later, predicting the crash of 1990 did less well, and his books predicting disaster in 1996, 1997, 1998 and 1999 found fewer readers, lucid as they were. Batra did correctly predict a stock market downturn in 2000, but erred by blaming the Y2K computer bug and forecasting high inflation and deep, long lasting negative growth. Now Batra has switched from predicting the future to criticizing the past. Readers expecting sensational charges will be disappointed. "This is not fraud in the legal sense," the author reassures us. Instead, Greenspan has "seriously afflicted the finances of millions of families." Batra faults Greenspan's views on social security, minimum wage, taxes and the trade deficit. As always, his economic arguments are expressed elegantly. Missing is a direct link to Greenspan, who had only a peripheral advisory role in these issues (his job is setting interest rates, financial policy and bank regulation) and voices only highly modulated views when he does give opinions. The misplaced focus weakens the sound economic arguments, and the title is sensationalized at best. |
by S. McGuire | Wiley Masterfully researched, and written in a straightforward style, Buy Gold Now makes a case for buying gold as protection against the rising risks of an unprecedented global currency crisis and as a profitable investment vehicle. Divided into five comprehensive parts, this reliable resource examines our country’s current financial situation from a historical perspective and addresses some of the alarming issues that many economists are currently pointing to with concern.
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by Warren Brussee | booklocker.com This frightening book shows how massive consumer debt will trigger the next depression, starting in 2007. With interest rates increasing, savings rates near zero and debt at its maximum, people will be pushed over their debt limit, causing the depression. |
by Investing in Gold and Other Hard Assets | James Turk and John Rubino The value of the US dollar is tumbling; many stocks are once again wildly overvalued; bonds, tied to an ever-diminishing dollar, are a disaster waiting to happen. In The Coming Collapse of the Dollar and How to Profit From It, Turk and Rubino explain how you can protect yourself by investing in gold and other hard assets. The US is currently the world's largest debtor nation, printing money with wild abandon to sustain the illusion of prosperity. The federal government owes $7 trillion and counting. As a society, the US owes more than $37 trillion, or about $500,000 per family of four. The US trade deficit with other countries is staggering, and financing this mountain of debt requires flooding the world with dollars. The inevitable result is that the dollar will decline until it is displaced as the world's dominant currency. On the other hand, precious metals will soar in value, and gold will reclaim its monetary role at the center of the global financial system. Traditionally a haven during times of uncertainty, gold has risen dramatically since 2001. By the fall of 2004 it was up by nearly 50 percent, at over $400 an ounce - but this, say the authors, is just the beginning. Turk, a leading gold authority, and Rubino, a veteran financial writer, show readers how to capitalize on gold's dramatic climb. They reveal which stocks and bonds will falter as the dollar declines, and why that decline is virtually inevitable. They offer strategies for using gold coins, gold stocks, gold-based digital currencies, and other hard assets to create a profitable portfolio. They also explain how to make the most of your gold and other precious metal holdings, identifying the opportunities and pitfalls of buying gold mining stocks and the mutual funds that invest in them. |
Credit and Credibility
Richard Karn, Emerging Trends Report The result of more than 8 months of research is CREDIT and CREDIBILITY, the Emerging Trends Report's comprehensive assessment of today's financial turmoil and what we consider to be the five most pressing issues the global economy will face in the years ahead. |
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