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Synopsis

An engaging look at the road to a sustained economicrecovery

The global finance system can be regulated to prevent massivecredit fraud, tame capitalism, confront the sovereign debt crisis,and move towards investing in the real economy and full employment."Obamanomics", and American reinvention can lead to a sustainedeconomic recovery but only together with major domestic, European,and global monetary reforms in cooperation with emergingnations.

For decades, the U.S. dollar has served as the world's reservecurrency. But after the global market meltdown and the resultingmassive stimulus spending meant to keep the Great Recession frombecoming an even Greater Depression, confidence in America'sability to make good on its growing debt is at all-time lows. InBrave New World Economy: Global Finance Threatens Our Future,Wilhelm Hankel and Robert Isaak—two extremely controversial,yet highly respected experts on international economics andmanagement—describe how "Obamanomics," the Euro crisis, andshift of economic growth from the West to emerging economies, ifhandled properly, can lead to true economic stability and jobcreation.

  • Highlights America's 'Great Bluff' bail-out strategy to copewith the crisis and the reforms Obamanomics must make to bringabout sustainable job recovery
  • Describes the risks and rewards of borrowing from futuregenerations—in the United States, Europe, and the developingworld—to save the current generation
  • Details how money became separated from government control andwhy the interbanking credit system threatens western nations withbankruptcy, undermining pensions, and the human right to work
  • Points out why nation-states need to go back to helpingthemselves and not rely on the false promises of regionalintegration and globalization
  • Shows how legalizing underground labor will create morejobs

How we arrived at this economic crossroads isn't as important asthe decision as to which path to take. The Brave New WorldEconomy points us in the right direction.

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