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ENDonomics: Default, Deflation, Derivatives & the End of the United States As We Know It. Paperback – August 26, 2012
The Amazon Book Review
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About the Author
Having vocally predicted the recent credit crisis while the Manager of Oversight for Complex Instruments at Indymac Bank, Jake Shannon also accurately warned of the current deflation we are experiencing in his 2009 Anomaly: Revolutionary Knowledge In Everyday Life. In 2010, he warned how the GOP would later go on to effectively co-opt the modern Tea Party movement in his critically acclaimed book TEA-O-CONNED: The Hijacking of Liberty in America. Jake Shannon earned his M.Sc. in Financial Engineering in 2002 and has worked professionally as a statistician and quantitative analyst in investment and mortgage banking. Jake hosted the popular talk show Mental Self Defense Radio and has served as Chair of the Libertarian Party of Utah. He lives in Salt Lake City with his wife and children.
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Top customer reviews
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Downsides first: This should have been several pages longer, from a pure style perspective. There's a heck of a lot of information presented, but the author seems to want to get it all across with the absolute minimum verbiage - and a bit more explanation for the average reader would have improved it.
A central argument was made, but not in an entirely convincing fashion - the author claims that US Federal Reserve Notes are in a contraction, and are being deflated - and he has reasons for thinking so, and cites them well. But I remain unconvinced - from my 'average guy in the street' point of view, it's still looking like a heavily-inflated economy to me.
There's a wealth of information presented, all well-cited, and most of the cited material is available on the web, apparently - so it's not hard to check. But the information is a bit lacking in depth, though it's presented in remarkable breadth - some of those ideas would have been better presented with more attention and verbiage by the author.
If one can damn with faint praise, then I can praise by way of faint damnation, can't I?
There *is* a wealth of information presented in these 85 pages. Much of what is presented would be better served with more exploration, but that doesn't detract from the value of what is presented, with links to make it easier for the interested reader to explore further. All in all, if you're concerned about the economy of the USA, and want better insight into what's happening and why people are doing it, you'll be glad you had this resource available.