Customer Reviews

The New Economic Disorder: Strategies for Weathering Any Crisis While Keeping Your Finances Intact

5 star:		(22)
4 star:		(6)
3 star:		(7)
2 star:		(4)
1 star:		(3)

 

 

I thought it was a good quick read book. He had a few things in it that were very very insightful. While it's not a deep in depth book, I thought he did pretty good. (I have to say he did good because he thinks just like me. lol )Besides he predicted was is now happening on Wall Street to the letter. He seems to know his stuff and doesn't tout himself as being a super intelligent PHDD EEconomic ID alien know-it-all. He simply presents his ideological opinion of the current economic banking system along with the Bible. Yes the bible. He was a banker, congressman and a pretty smart guy to foresee what is now happening on Wall Street. If you have any interest in the markets, this is a must read.

Dr. Bates really exposes the truth behind our currency and banking system and how it affects all of us in our daily lives. This is a must read for all trying to make heads or tails of the turmoil in our economy today. While it was written five years ago, the information and basic principles it uncovers are timeless and will be as true one hundred years from now as they are today. If you are concerened for your financial future or that of future generations, you will find solutions to the economic problems that we are facing today. For those who need to know what to do to protect their hard-earned assets, this is again, a must read.
I am impressed with this book and recommend that every household read a copy. It should be required reading for all business and economic majors.

Mr. Bates' book is long on problem definition but miniscule on what to do about it. He does an excellent job of describing how the "New Economic Disorder" came about, but to suggest that there are mitigating "Strategies" for your personal finances in the book is highly misleading. In fact, I would say that his recommendations for dealing with the current financial crisis at a personal level almost seem to be an afterthought.

The best part of the New Economic Disorder was its review of the world's financial system. Though the book was copyrighted in 2008 and its cover stated it was "revised and updated," the book nonetheless had a rather dated feel to it, with most of the charts, graphs, and financial examples from the early 1990's (more current material should have been used for a "revised" edition). There were a few brief references to more recent events, but overall this book seemed like it had been rather hastily cobbled back together from an earlier decade-old edition to capitalize on the current financial meltdown. I never could find the date of the original edition of the book and wonder exactly when it was first published. Not bad as a quick financial overview, but there are better books available if one wishes to understand the causes of our current financial mess (e.g., "The Coming Generational Storm" by Kotlikoff & Burns, or "America's Bubble Economy" by Wiedemer et al.).

I was pleased at the Biblical references in the book but I was more interested in suggestions about how to weather the coming crises which Larry Bates FINALLY got around to making. When I googled him I found that he sells some junk at his seminars and that displeased me somewhat.

One should really open a book these days and not assume the title reflects the contents. Here are some highlights:

The UN is going to try and take our money and redistribute it in their new world order, which is prophesied in the Bible as a sign of the end times.

Those pesky homosexuals and women world leaders are inciting God's fury.

NAFTA is the first step to the new world order, which would eventually abolish ordered government, eliminate private property and inheritance, abolish patriotism, rid the world of religion and destroy the family unit.

Buy metals, coins, stocks, real estate and collectibles.

Reduce debt, move to the country, have a 90 day food supply and water filters, stock up on medicines, pray and share the gospel.

Sure, there is some information on our financial system peppered throughout the book, but the underlying conspiracy theories completely invalidate the veracity of this information.

This book includes good "TO DO"list for use prior to a catastrophic econmic meltdown.
1 Store 1-2 months canned and dry food , jugs of water, sleeping bags,campstove
2 Stockpile medicine, first aid , daily pills,ziplocks,garbage bags,wipes,etc .
2.Buy gold or silver
3.Buy a shotgun for home defense
4.Preserve your financial assets etc.
5.We hope a catastrophe never happens in the USA.
6.Hope for the best-prepare for the worst.

His description of how the powerful few are controlling the distribution of wealth is intriguing, like a good conspiracy theory story. Based on his credentials and experience, perhaps this one is true. Dr. Bates repeats the same information and arguments in each chapter. I got it after the first couple of chapters, the rest was useless and boring repetition. Dr. Bates says that the desire of the central bankers and the politicians is to force an economic meltdown to transfer wealth from us to them. They are already extremely wealthy and how does making hundreds of million people miserable and angry benefit them? Seems to me, they are putting themselves in danger of violent revolt. After finally getting to chapter 16, "What do I do now?" Dr. Bates tells me I need to contact his business and buy his CDs and other information to obtain a sufficient level of economic understanding to know what to do. I bought this book because it was supposed to have that information. One other reviewer said that Dr. Bates is a genius. I must agree. It takes genius to stretch such a small amount of information into 240 pages of fluff.

Dr. Bates does list a few practical actions that make sense to perhaps survive a catastrophic meltdown for a short time. But in no way explains how to "thrive" in the situation we find ourselves. I wish he would have explained more about how using gold and silver as money is achieved in a practical way once the bottom falls out. Who is going to buy it and for what price? Why won't the government be able to regulate or heavily tax gold sales to take away its value? I also wish he would have explained why gold (now extremely pricy) is a good buy. It was probably a good buy at $350. Is this another bubble that will burst as it did in the 80s?

His interpretation of Biblical passages doesn't make sense to me. He says that the wealth of the wicked will pass to the righteous. Sure that's true, but that is a reference to the future Kingdom age after Christ returns. Preparing for that now financially doesn't make sense. In the meantime, the Bible promises persecution and hardship for Christians and Jews until Jesus returns. Wealthy and comfortable Christians are the exception, not the rule. He uses the Bible to push the ownership of gold, because the Bible mentions it as a valuable thing. The Bible also says wisdom is to be desired more than fine gold. I wish Dr. Bates would have put more wisdom in this book.

I purchased several books on America's financial situation from Amazon - America's Financial Reckoning Day was the best.

The New Economic Disorder just does not compare. The New Economic Disorder gave a general overview and not much of anything else. Whereas America's Financial Reckoning Day gave a very thorough understanding of the history (details, dates and persons) of America's financial situation.

The New Economic Disorder had larger fonts, smaller pages and fewer pages. America's Financial Reckoning Day had larger pages, smaller fonts and many more pages.

You will not get your monies worth with The New Economic Disorder.

There are many frustrating things about this book, but for the sake of brevity, I shall keep my list to only two items. First, the book reads like an infomercial. Bates tries to lure you in with his financial-hell-and-brimstone message in the first 150 pages or so. But then the reader realizes what he is up to. Every few pages, Bates starts listing a number to call so you can order a couple of videos, though he omits the prices. So it becomes quite understandable that he provides limited advice in this book as to what to do about the impending financial doom--he wants to sell additional resources!

A second, related frustration is his heretical belief in a wealth-and-prosperity gospel. His version is almost amusing. In his last chapter, entitled "The Joseph Generation," Bates asserts that there is going to be a wealth transfer from those who are ignorant of the impending economic collaspe to those who heed his advice and buy gold and silver coins. Of course, he never provides evidence of this claim. What he doesn't tell you is that he is really after a different sort of wealth transfer: from those who seek information to Bates himself who purports to provide information on how to survive and even thrive during these upcoming economic earthquakes.

Ok, I admit the book has some redeeming value, providing information to those who may not understand national economics and the banking system. However, the information is a hodge podge and it is too miniscule to be meaningful. There are other, better books that address this national problem, which I do think will be a reality in the near future. For example, I recommend Crash Proof by Schiff. Better analysis and more specific advice on how to deal with an economic collapse.