The Vandal's Crown: How Rebel Currency Traders Overthrew the World's Central Banks
Author: Gregory J. Millman
List Price: $23.00
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ISBN: 0029212871
Publisher: Free Press (March, 1995)
Sales Rank: 267,281
Average Customer Rating: 4.75 out of 5
Customer Reviews
Rating: 5 out of 5
A book everyone needs to read
Talk about a book that everyone should read, but no one will, this is it. A terrific, plain language explanation of the origins of money and how understanding money leads to political sophistication and concommitant societal benefits. This book makes many cogent arguments that deal with war and external defense, interior political and civil stabilty, the societal need for a stable currency, the need for a rule of law to protect private property rights, and the implications of the velocity and movements of global currency trading. It does a great job of explaning financial derivitives, options, inflation, debasement of the currency via political corruption, and financial globalization of trade and currencies.
It contains a marvelous retelling of history thru the eyes of a currency sophisticate, one who incorporates a history of revolutions, and the subsequent rebuildings of the societies that gain prominence in their aftermath.
The backdrop for this fascinating tale is the rise of the micro-chip, the story of the digital revolution. This running-wild tale illustrates how technology has outstripped the ability of dictators to throttle it, and how society has commensurately reaped the benefits. It's a paradigm for the future and deserves to be more widely understood. It has shaken up the strangle hold of one political philosophy ruling the media, and in the future it will reform tort law and academia. It's all here for those willing to study it.
Read it!
Rating: 5 out of 5
History of how money came to rule us
Fantastic book, clearly written. A history of the systematic shift in power from governments to asset markets, especially in the Reagonomics era (which includes the 1990's). A 'must', along with "Inventing Money" and "Wall Street Capitalism", for those who want to understand the financial system and it's consequences.
Rating: 5 out of 5
Understanding Options and derivatives.
I finally understand what Options and derivatives are. This is a wonderful, fun book which guides the reader through the history of monetary exchanges. Did I say fun? You have to read his description of Berkeley in the late 60s. Although I lived through it, I never understood the inflation or high interest rates of the 70s and how it related to taking the dollar off the gold standard. Oh yes I can see clearly now! Similar Products
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