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Wall Street Capitalism: The Theory Of The Bondholding Class, PDF eBook

Wall Street Capitalism: The Theory Of The Bondholding Class PDF

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Breaking the chains of the bond market...This book goes behind the headlines of the Wall Street Journal to unmask the ';bondholding class';.

Insulated from criticism by a self-serving ideology, the bondholders have redefined the indicators of economic well-being decidedly in Wall Street's favor.

Created out of the fiscal folly of Reaganomics, fortified by Federal Reserve officials, and patronized by the Clinton Administration, the bondholding class invented the ';Goldilocks economy'; (never too hot, never too cold).

As this powerful class has amassed the greatest wealth in history, ordinary Americans have been losing ground to the ensuing global financial turbulence.

In a tour de force, Ray Canterbery shows how the evaporation of personal savings - ';the Angels share'; - is as necessary to Wall Street capitalism as it is damaging to growth and wages on Main Street.

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