Dice Have No Memory : Big Bets and Bad Economics from Paris to the Pampas - William Bonner

Dice Have No Memory

Big Bets and Bad Economics from Paris to the Pampas

By: William Bonner

Hardcover | 17 March 2011 | Edition Number 1

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Right now, Congress, the Fed, and the Treasury are all gambling with your future and your money. And it's contagious. Economies around the globe are suffering from the biggest multitrillion-dollar bets ever wagered on big governments and miraculous financial interventions in pretend "free markets."<br> <br> One man saw it all coming and told his readers well in advance of today's crisis. Bill Bonner reports on the true health and well-being of the world's largest economy to over half a million readers each day in <i>The Daily Reckoning</i>. His newsletter is to the mainstream financial press what the Gnostic Gospels are to the King James Bible.<br> <br> Back in 2000, Bill Bonner sounded like a prophet crying in the wilderness. While everyone scrambled to purchase shares of the latest and hottest dot-com, Bill announced his Trade of the Decade: Sell dollars, buy gold. Back in 2000, you could get an ounce for around $264. Today, you could pay as much as $1,400 for that same ounce. Finally, some of Bonner's best pronouncements, predictions, and profitable analysis are collected in one place.<br> <br> <i>Dice Have No Memory</i> gather's Bonner's richest insights from August 1999 through November 2010 to form a chronological narrative of economics in America.<br> <br> Here's a fraction of what you'll find inside:<br> <br> *Gold says "I Told You So"<br> *Three out of Four Economists Are Wrong<br> *Imperial Overstretch Marks<br> *Why Debt Does Matter<br> *Economic Zombies Shuffle Towards Bankruptcy<br> <br> Bonner's <i>Dice Have No Memory</i> offers elegies for economists, tips for investors, tirades against wasteful warfare past and present, and practical guides to modern finance with graceful prose, well-earned intelligence, and riotous irreverence. Bill Bonner's common sense genius rips the window dressing off modern finance - a world normally populated by misguided do-gooders, corrupt politicians, and big bankers empowered by dubious "mathematical" truths. The investing game is rigged, just like Monte Carlo.<br> <br> Instead of giving you magic formulas, this archcontrarian teaches you how to think clearly. And <i>Dice Have No Memory</i> gives today's investor the next moves he should make...before it's too late.

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