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The Sovereign Individual: Mastering the Transition to the Information Age Paperback – August 26, 1999
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From Publishers Weekly
Copyright 1996 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
From Library Journal
Copyright 1997 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
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Top Customer Reviews
James Dale Davidson and Lord William Rees-Mogg are experts at predicting future trends and tailoring financial strategies and self-reliant measures to protect oneself against the future. The Sovereign Individual is about self-accountability and taking action. The Sovereign Individual is not beholden to his government and looks out for himself/herself and his/her loved ones. The Sovereign Individual takes steps to ensure his/her physical safety, job/business and finances.
This book challenges the concept of nationhood and all the propaganda fed to us. The concept of nationhood as we have come to known is a relatively young one and not necessarily a good one. Governments, spouting patriotism, can make use of its people for its own ends e.g. burdensome taxes, raising armies for wars, treating its citizens like low-classed employees - all for the benefit of a select elite few.
A warning for the interested would-be reader. The Sovereign Individual is written in the typical Davidson/Rees-Mogg famed-style - alarmist, paranoid and hyberbolic. I urge the reader to see pass this style because there is much to be gained from reading this book.
For the interested reader, I would also recommend The Roaring 2000s by Harry Dent.
It is summer 2008 and the "US empire" is in decline.
The US debt is quickly approaching the $10 trillion mark.
(that is a one with thirteen zeros behind it)
The US dollar is in decline.
The US financial markets are in meltdown mode.
The FDIC has taken over IndyMac, more banks to follow.
The government is talking about a bailout of Fannie Mae and Freddie Mac.
(how high can the US deficit go?)
The government has enacted the so called "patriot act".
The government has expanded the FISA rules.
The housing market is in deflation mode.
The commodities market is in inflation mode (oil approaching $150).
Here are few quotes from the book:
Page 20: "Governments will violate human rights, censor the free flow of information, sabotage useful technologies, and worse".
Page 23: "All nation-states face bankruptcy and the rapid erosion of their authority".
Page 29: "We forecast and explained why militant Islam would displace Marxism as the principal ideology of confrontation with the West".
Page 137: "You can expect to see crises of misgovernment in many countries as political promises are deflated and governments run out of credit".
Page 196: "Governments that tax too much will simply make residence anywhere within their power a bankrupting liability".
Page 197: "Paper money also contributed significantly to the power of the state, not only by generating profits from depreciating the currency, but by giving the state leverage over who could accumulate wealth".
Page 198: "Control over money will migrate from the halls of power to the global marketplace".
The book begins with a fascinating interpretation of the changes in society over recorded history. The authors argue a convincing case for a common, economically based theme running throughout history: one which has persisted despite great discontinuities in the organisation of society. They argue that the principal determinant of societal structures throughout history is the economics of the use of violence, by individuals or groups. They go on to describe the alterations they see in that equation consequent upon the introduction of microcomputing and the interconnectivity of the Internet.
Early in this book they make the point that an enormous amount of the revenue of nation-states derives from a tiny portion of its inhabitants and that the state redistributes this income to their disadvantage. The changes they foresee will remove any benefits to such contributors who will be in a position to seek newer and more favourable jurisdictions.Read more ›
Most Recent Customer Reviews
Read it twice. The predictions seem to be shaping up, albeit slower than I had hoped. But then all predictions that I have ever read do not come as quickly as predicted. Read morePublished 4 months ago by John M Decker
Have to assume anyone who reads a book like this does so for the entertainment value, and not as a useful guide for making adult decisions about home, health and investments:... Read morePublished 7 months ago by The Best is Yet to Come
Excellent historical perspective. One of the few books from the 90's that seems more appropriate now than when it was written. Read morePublished 15 months ago by Matt Bailey
so many great insights, so many relevant conjectures (especially about cyber currency)
the authors espouse views that are kind of... obnoxious. Read more