Contents
Publisher's Note vii
Foreword ix
Preface xii
01.American Economy On A Clifthanger 3
02.The Cascading Crisis Of The US Financial Market : Domino Effect All Around The Globe 15
03 The Macabre Dance Of Market Forces 33
04 The Global Financial Meltdown : It Is Time To Sing The Dirge For Free Market 28
05 American Insurance Companies : An Unending Record Of Failed Promises 39
06 A Change No Doubt : But Still No Change 50
07 The Big Bailout :American Version Of Dirigisme 61
08 Capitalism's Inbuilt Time Bomb : Huge job Loss And Fiscal Collapse Stalks The US 73
09 The Economy Bleeds : So Do The Workers 81
10 No Light At The End Of The Tunnel : Discrimination Even In Adversity 89
11.American Economy Entombed In Debt 97
12.Failed Banks And Brokered Deposits llO
13.Speculating On Death : New Devices For Making Profit ll7
14.Out PonzUng Ponzi 126
15.Dubai And Its Leveraged Crisis : The Lessons To Be Learn 131
16.The Second World War And The Ascendancy of The American Dollar Stage- 1 141
17. The Ascendancy Of The American Dollar And The Beginning Of Its Decline Stage -2 150
18. The American Dollar On A Slide : Sustained By Its Printing Press 158
19. Travails OfThe Dollar Empire: The Advent Of Sukuk And Islamic Finance 169
20. Armed To The Teeth: But Drowned In Debt 179
21. Obama Administration: A Chip OfThe Old Block 190
22. The Dollar Hegemony: How It Came About And How It Could Be Ended 199
23. When The Gods Failed - Then And Now . ( 1929-30 & 2008-1 0} 208
24. Seigniorage: THE AMERICAN VERSION : How The US Debases Its Currency 218
25. The Emperor Has No Clothes
26. The Bandits Of Wall Street :American International Group (AIG}
& Its Kind (The Expertise India Wants To Import} 242
27. A Gross Violation Of Social Contract : The Great Pension Robbery 262