Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics
Ziad K. Abdelnour · Wesley A. Whittaker · Herman Cain
Jul 2020 · Gildan Media · Narrated by Dennis Holland
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8 hr 6 min
Unabridged
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About this audiobook
The abject failure of government policymakers leading up to and following the 2008 financial crisis has created a perilous environment for entrepreneurs and investors. Ziad Abedlnour, a private equity specialist and noted investment analyst, argues that the political/financial elites have done nothing to fix the structural problems and instead have worsened the situation by creating more market bubbles and waging a war on the most productive members of society. For investors and business people, the world is now upside down. Government bonds have gone from low risk to high risk, while commodities have gone from high risk to low risk. Former communist countries, in many cases, offer better investment opportunities than nominally capitalist countries of the west. Pulling no punches, Abdelnour castigates the Federal Reserve and government officials for acting on behalf of a small segment of the financial community to the detriment of most everyone else. For investors that need to navigate the troubled geopolitical waters of the post-crisis world, Abedlnour offers several solutions, including: looking at world anew and understanding that capital tends to flow to stable countries that promote innovation and competition. Specifically, he forecasts that commodities are in a long-term bull market and have emerged as the least risky asset in the post-crisis world. And with the world facing long-term shortages of energy and food, he advocates looking toward companies that provide energy, agricultural, and transportation innovations. Most importantly, he tells investors that risk must be prudently managed, particularly in areas where political ineptitude may cause rapid price shocks, such as currencies and bonds. Wealth can be created in the new, post-crisis world, but investors need to understand the rules of the game have changed.
About the author
Herman Cain is an American businessman, syndicated columnist, and radio host from Georgia. He is the former chairman and CEO of Godfather's Pizza and a former chairman, deputy chairman (1992-94) and chairman (1995-96) of the board of directors of the Federal Reserve Bank of Kansas City. He was born on Decmeber 13, 1945 in Memphis, Tennessee. In January 2011, Cain announced he had formed an exploratory committee for a potential campaign for the Republican Presidential nomination in 2012 and on May 21, 2011, Cain officially announced his candidacy. In mid-October 2011, Cain was leading the polls as the candidate for the Republican Party. Cain grew up in Georgia, the son of cleaning woman and a chauffeur. He graduated from Morehouse College in 1967 with a Bachelor of Arts degree in mathematics. Cain, accepted for graduate studies at Purdue, received a Masters in computer science there in 1971, while he also worked full-time in ballistics for the U.S. Department of the Navy. Cain received the 1996 Horatio Alger Award and has received honorary degrees from Creighton University, Johnson & Wales University, Morehouse College, University of Nebraska, New York City Technical College, Purdue University, Suffolk University, and Tougaloo College. In 2006, Cain was diagnosed with Stage IV cancer in his colon and metastases to his liver and given a 30 percent chance of survival. Cain underwent surgery and chemotherapy following the diagnosis, and has since reported that he is in remission.
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