- Paperback: 295 pages
- Publisher: Blue Book Publications (2003)
- Language: English
- ISBN-10: 188676848X
- ISBN-13: 978-1886768482
- Product Dimensions: 8.8 x 6 x 1 inches
- Shipping Weight: 14.4 ounces
- Average Customer Review: 4.0 out of 5 stars See all reviews (28 customer reviews)
- Amazon Best Sellers Rank: #2,958,321 in Books (See Top 100 in Books)
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Full Faith & Credit Paperback – 2003
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Top Customer Reviews
The main focal point in the book is a likeable chap named Richie who succeeds while others see their assets diminished. His character is developed well within the story and you find yourself cheering for him as you get entwined in his financial dealings. His gutsy moves in the markets have you on the edge of your seat hoping his keen hunches turn out to be correct.
This book gives a unique perspective on the future of America and is definately worth the read.
Along the way, you will gain a fundamental understanding of commodity trading, futures, stock options, currency arbitrage, hedge funds, derivatives, inflation, deflation, the relationship between the stock markets, the housing markets, the credit markets, the GDP, and long and short term interest rates. You'll learn about the mechanism by which fiat money is created and you'll learn how debt can be monetized. You'll also learn about the distinction between the Fed and the Treasury; how they can have very different agendas.
As a first work of fiction by an author who, presumably, had a message, I was expecting the writing to be really poor and the ideas all hackneyed retreads of what I've been reading for the last two years on various websites. Instead, the writing quality is quite good and the plot is really captivating, fresh, and believable with lots of twists and turns. Strange as it sounds, the author has actually taken a very moderate approach to what is possible. Character development isn't comparable to, say, Hemmingway, but it's at least as good, imo, as what I've seen in books by authors such as John Grisham.
The first several chapters don't read so much like fiction, as we begin with the stock market and the dollar at historic highs and the social mood ebullient. Then the market begins to decline, the dollar begins to decline, gold begins to creep up, and we're off to the races.Read more ›
As a novel: well, both plot and characters are not as perfect, but perfectly acceptable. Main character (and hero?) "Richie" is a shallow person, not interested in much, not having friends either (Bernie isn't really a friend, but more of an ally). When the family is "obliged" to stay in Vancouver, they can't cope. Even with billions on his account, his family just can't adapt to new people and environments (speaking of Canada!)? And the boring life they lived in the US anyway! this unashamed US-patriotism is only surpassed by Richies happy end where he decides to return to build up the American dream from scratch...
Back to the the description of the looming and unfolding depression and deflation, the author must be as lucky as his main character. He wrote it while quite nobody could imagine, much less believe in such a scenario. Now lots of it happens just in front of our eyes.
That's astonishing. One cannot other than congratulate James A Cook. He delivers a book that enlightens and makes us understand what many of us cannot believe is going on in the economic turmoil just now!!!
Events such as: A declining real estate market... increase in the price of gold... a proposed halt in home foreclosures... and Wall Street pundits (like Jim Cramer and CNBC) trying to convince Americans to stay fully invested in the US stock market.
The book does a good job to show how different people react as these economic events unfold. Folks like stock speculators, derivatives traders, stock brokers, gold traders (like the main character in the book), and average Americans who are hurting financially and wonder what the heck's going on.
If you enjoy reading financial/economic/investing books from an Austrian (or non-mainstream financial media) perspective, and want to learn more about money and markets, give Full Faith and Credit a read. It may not be a Pulitzer prize-winning novel, but it's educational and can give you some insight into the financial and economic events of the past, today and tomorrow.
Most Recent Customer Reviews
Though written in 1999 this book lays out in relatively simple terms how an economic catastrophe could befall America. Read morePublished 12 months ago by Jack. Mcdonald
Although this is fictional, the story is very compelling. I took it on a cruise and could not put the book down.....seriously.Published on November 29, 2013 by firstname.lastname@example.org
I read this in 2009 and I had returned to school because of MR Cook and his love for Napoleon HIll, "Think and Grow Rich". Read morePublished on November 30, 2011 by zelly babe
I found this book on my bookcase a year ago (2010) and enjoyed it. What is really amazing about this is how the plot of this book so closely is following today's current events. Read morePublished on July 12, 2011 by Kindle Customer
I have to laugh at all the reviewers who start out claiming that the premise of the story is plausible, before larding up their reviews with caveats. Read morePublished on December 18, 2010 by rhodeymark
Great book. Written a decade ago, yet could be ripped from the headlines in 2008-present. Cant wait for the movie...Published on July 22, 2010 by A satisfied reader
In this book, the light fictionalization makes reading about economics easy and serves it's purpose. Read morePublished on May 5, 2010 by Whispering Willow
... that James Cook has been sitting in a room somewhere laughing uncontrollably for about two weeks now (as of October 2008? Read morePublished on October 8, 2008 by MPhoto
This book was primarily an essay preaching Mr. Cook's doom and gloom view of the economy, using the pretense of a fictional novel. Character development was poor to non-existent. Read morePublished on December 11, 2007 by Isha Beharim