Sabtu, 13 Juli 2019

Download , by Gus Mavencamp

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Product details

File Size: 3979 KB

Print Length: 404 pages

Simultaneous Device Usage: Unlimited

Publication Date: October 28, 2018

Sold by: Amazon Digital Services LLC

Language: English

ASIN: B07JZG1C43

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Amazon Best Sellers Rank:

#409,053 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

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Selasa, 11 Juni 2019

Free PDF The Principles of Morals and Legislation (Great Books in Philosophy)

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The Principles of Morals and Legislation (Great Books in Philosophy)

The Principles of Morals and Legislation (Great Books in Philosophy)


The Principles of Morals and Legislation (Great Books in Philosophy)


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The Principles of Morals and Legislation (Great Books in Philosophy)

About the Author

JEREMY BENTHAM was born in London on February 15, 1748, to a family of comfortable means. His was the life of a child prodigy who read Latin at three years of age and at twelve was enrolled in Oxford University, where he received his undergraduate degree at the age of sixteen. Thereafter, he studied law at Lincoln's Inn, Westminster. Inheritances from his parents afforded Bentham the opportunity to pursue a life of study and writing. While in his mid-forties, he dedicated himself to the critical analysis and reform of moral, political, religious, legal, educational, and economic institutions as they existed in England. Though he found the judicial system to be hypocritical and corrupt, Bentham's fascination with the fundamental ideals of the law steered him toward philosophy and science in an effort to develop standards that could ground the social order. His reformist tendencies proved to be a significant factor in the development of his now famous system of ethics known as utilitarianism, wherein human action was to be judged by the amount of pleasure and pain it produced. Bentham's published works include: A Fragment on Govern­ment (1776), An Introduction to the Principles of Morals and Legislation (1781), The Rationale of Judicial Evidence (edited by John Stuart Mill in 1825), and two volumes on Constitutional Code (ca. 1830). Bentham died in London on June 16, 1832.

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Product details

Series: Great Books in Philosophy

Paperback: 352 pages

Publisher: Prometheus Books (February 1, 1988)

Language: English

ISBN-10: 0879754346

ISBN-13: 978-0879754341

Product Dimensions:

5.4 x 0.8 x 8.4 inches

Shipping Weight: 13.4 ounces (View shipping rates and policies)

Average Customer Review:

4.1 out of 5 stars

18 customer reviews

Amazon Best Sellers Rank:

#688,727 in Books (See Top 100 in Books)

AN INTRODUCTION TO THE PRINCIPLES OF MORALS AND LEGISLATION by Jeremy Bentham is at the origin of Utilitarianism, so very necessary for understanding this philosophy.

As an attempt to create a unified theory of law by cataloging the causes of, needs for, and nature of laws in society this work is quite successful.

The 2010 paperback is basically a photocopied version, which seems like it was done on a melting photocopier! Many of the pages are barely readable, and there are photocopied notes someone took, which aren't even helpful... I highly recommend purchasing the 1988 version instead! I don't know why such a version is being sold by Amazon.

ABSOLUTELY PERFECT IN EVERY WAY

As expected

Bentham is much more sophisticated in his thinking than many realize.He is the most important political phllosopher of all time.

The works speak for them selves over time, but it was great to be able to have a complete set of his works

So a great book for Jeremy Bentham, and work about the utilitarism system. Always Bentham works it is fantastic and formative.

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Minggu, 09 Juni 2019

Get Free Ebook Creating Life-Like Animals in Polymer Clay, by Katherine Dewey

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Creating Life-Like Animals in Polymer Clay, by Katherine Dewey


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Creating Life-Like Animals in Polymer Clay, by Katherine Dewey

Product details

Paperback: 128 pages

Publisher: F+W Media; 1st, First Printing edition (March 1, 2000)

Language: English

ISBN-10: 0891349553

ISBN-13: 978-0891349556

Product Dimensions:

8.5 x 0.3 x 11 inches

Shipping Weight: 1.2 pounds (View shipping rates and policies)

Average Customer Review:

4.7 out of 5 stars

105 customer reviews

Amazon Best Sellers Rank:

#126,804 in Books (See Top 100 in Books)

I love animals and I love miniatures. Thus, when I saw this book I bought it. It is a creative, useful and informative book and I can't wait to begin making some of the ten (10) animals in it: the deer mouse, the young cottontail, the harp seal, the black bear, the basset hound, the white-tailed fawn, the red fox, the bull frog, the bledgling bluebird and the siamese kitten. This is my only qualm. I understand a book is limited, but at just 128 pages, I feel the author could have added more creatures to make in added pages. All are adorable and realistic looking, except for the black bear. In my opinion, the bear looks a little too cute, not realistic at all. The bear looks more as if he belongs at Disney World as a character at the Country Bear Jamboree. The book is in full color with illustrations and step by step instructions. All in all, I feel this was a worthy purchase, though I didn't pay full price from Amazon and instead went with a market place seller. If you love animals, miniatures, or clay making, I recommend this book to purchase for yourself or for someone else.

A good book, but I think a horse should have been included rather than similar figurines like a mouse and rabbit. I love that the author converts some things to metric, yet temperatures are not--hence 4 stars. I think American is the only large country in the world that still uses imperial measurements. I find it annoying that authors of how-to books aren't considerate enough to convert everything for the rest of the world. But apart from that one issue, thank you Katherine Dewy for another great book.

I love this book. It is exactly what the title says; an instructional book for sculpting realistic animals. So many of the books for sculptors using polymer clay are incomplete and leave you with a product suitable only for giving to your school-age relatives; this manual is absolutely NOT that. It is text-book quality for an extremely reasonable price. Life-Like Animals takes you from the very beginning - Different types of clays available and their properties, tools that are necessary and those that not essential but make life easier, proper baking methods etc. - through refined sculpting and finishing techniques.I purchased this book at the time time as Creating Lifelike Figures in Polymer Clay: Tools and Techniques for Sculpting Realistic Figures and I assumed the section on clay and tools would be the same, recycled for use in this book. Surprisingly, though the intro to clay section is pretty much the same, there is new material in the tools section, including different methods for doing the some of the same tasks and a couple of tools not covered in her other book.

This is a pretty good tutorials for the basics of shaping animals. It shows you how to make amateurs and some tips on painting your project when you’re finished I just wish there were more animals in the book she still does present quite a few but I want to be entire Ark demonstrated for me, ha ha

Great book to learn how to make animals, reading this book helps you figure out measurements and shapes of other animals also. Would recommend it to anyone. A lot of tips and tricks of how to master all projects

Katherine Dewey is an amazing artist that is extremely talented; her book makes me want to start straight away, although I have been too busy recently.Katherine's figures may look simple to follow, but this shows years of practise and her love of clay. A must have book, to encourage those who already can, to get back into sculpting and to those who can't, it gives lots of advice, diagrams and pictures. For example to show how to sculpt a dog she uses 10 pages for the Basset Hound and 10 more pages for the Red Fox. She gives money saving tips on making tools that work and how to make a cheap armature that saves on using too much clay and also keeps the work a lot lighter in weight.Thankyou Katherine Dewey you have made a new fan. I will always keep an eye out for any new book you present :)

Really Detailed workings and Katherine shows you very clearly how to create these animals. Wonderful book.

good

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Rabu, 05 Juni 2019

Ebook , by Matt Timmons-Brown

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Product details

File Size: 16739 KB

Print Length: 240 pages

Page Numbers Source ISBN: 1593279205

Publisher: No Starch Press (January 22, 2019)

Publication Date: January 22, 2019

Sold by: Amazon Digital Services LLC

Language: English

ASIN: B07BPNZ77W

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Amazon Best Sellers Rank:

#313,221 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

Good book for beginners those looking for code examples for the Pi.

My little dude's language is all science/math/robotics/#STEM, so coding is a natural fit for him, but something I know NOTHING about! I appreciate finding cool resources to fuel his interest and learning, and these books @nostarchpress sent for review are perfect! He's been studying up for days since they arrived!

I was given a review copy of this book a few weeks ago and was happy to have it. I'm a data scientist (a software developer that learned a lot of statistics) and have worked with devices, but I could never do much with the hardware side. There's an impression that 'computer geeks' know all things computer, but most of us never get into soldering or low level hardware even if you have coded for ages. I've worked with devices quite a bit, but it was always on pre-assembled devices, not ones I made myself.With this book and a $35.00 kit Amazon recommended and I was off to the races. Full disclosure, I've done some really simple work with other boards, but that only gave me about a day's head start.This book does a tremendous job explaining how to work with the Pi. However, it's not really a programming book as much as a "Build something that works book." Instead of focusing on the finer nuances of sorting algorithms or database normalization, you learn why things work, then you're guided through watching someone build something. But instead of learning it from the POV of learning an abstract concept so that you can apply it generally, it shows you how to perform specific (although just about any task you'd want to do with a Pi is covered here) tasks, explains it thoroughly and keeps the code succinct so that non-programmers can follow along. The code is written in a way it's almost prose, it simply connects the dots between the Pi and the peripherals, but every step is covered.Can you benefit from this book with 0 technical expertise? Sure, but it may take some dilligence. But if you've ever build anything mechanical or ever written very basic software programs (and I mean watching a single a 'follow along' video), you'll be fine. If you're a beginner but are scared to get started, this book and a cheap kit will let you work wonder. Yes, wonders.When you're done with this book, you'll know how to Program the pi, configure it, take photos with it, connect to wifi and Bluetooth, play sound, record audio and video, use sensors, turn on light, accept input from a keypad, turn on a motor and a lot more. Yes, you'll be able to do all of that (including creating a smart pumpkin that takes pictures of trick or treaters).The book starts off explaining the environment and immediately proceeds to get you started on things. Each chapter is structured meticulously and is a testimony to how well the author knows his material and knows how to teach. From a teaching POV, this is one of the best written books I've come across and that's said as a fellow author. It's fantastic.Each chapter tells you what you're going to do. Starts out conceptually using examples everyone is familiar with and then shows you the hardware that's needed and the code. As I said earlier, the code is written in a way that it's like a Love letter to the computer with numbers on each code snippet that point back to a legend to explain the details. It's not in any way redundant to those with experience, but it's perfectly suited to someone trying to learn with no experience. That can't be overemphasized.From there, it begins with a typical Getting Started chapter. It's so dense however, that a whole lot is said very succinctly.Next is gives you a very basic overview of the Electronics you'll be working with. From there, you'll start to build a Robot which will get you hooked if you're not already. This portion focuses on building the robot base.Then it shows you how to move the robot around. From there it goes into Obstacle Avoidance (and honestly, this is a very basic version of what automated cars do) Next it shows you how to send out alerts with Lights and Sound. Implicitly is that you're building the groundwork for two way communication. From there it moves onto detecting lines and following paths.Then it gets really cool. It covers Computer Vision to a degree that pretty much anyone could understand it but it's still very functional. Sure, you're not going to go out and start a computer vision company after just this book, but it'll more than motivate any child or teenager into considering a career in high tech, but adults will benefit just as much.At this point, you have a working project, a fully working robot that can connect to a network, interact with Wifi and bluetooth, send and receive messages (including SMS and Email), can follow instructions, can 'learn' to move around while avoiding collisions, and even turn on lights and sounds. And yep, you'll learn all you need to get a motor started and run with it.From there though, every other function becomes crystal clear. I was able to intuit how to get the keypad working along with using a Google Map to create a small itinerary. Yep, it can send SMS messages and with just a little playing around, you'll be able to both trigger and have automatically triggered pictures taken and then sending them back to you. It's hard to describe how cool this is, but for a total of less than $60.00 and a few nights and days off, you'll be able to do all of this and build very serious other projects, from Smart Infinity Mirrors to home audio servers.Tremendously well done (with equally tremendous editing), well written and more than that, written with a obsession on what the readers will benefit from, this is a great book on every count.

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Minggu, 17 Maret 2019

Ebook Download A Ray of Light

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A Ray of Light

From School Library Journal

Gr 2-7-Large eye-catching photos are the star of the show in this exploration of light. In addition to examining basic topics such as light waves, the sun, color spectrum, reflection, and refraction, Wick also tackles iridescence, pigments, and other concepts not often covered in introductory books for children. Photos illustrate how lenses work in a camera, telescope, and magnifying glass, and show a prism refracting light or close-up views of iridescent insects and feathers. Much of the text serves as expanded captions for the photos. Some smaller images are harder to see, such as the tiny beam of light split into colors after passing through a water-filled box. The text refers to the processes and experiments behind the photos, and Wick provides more extensive instructions and explanations in two pages following the main text. Although upper elementary students may be able to do some activities with adult help or supervision, younger students will probably remain observers of teacher or parent demonstrations. Without a glossary, index, or list of additional sources, Wick's title may serve best as a starting point to encourage explorations using hands-on activities found elsewhere. VERDICT Libraries with strong STEM collections should consider Wick's visual introduction to an intriguing subject.-Kathy Piehl, Minnesota State University Library, Mankatoα(c) Copyright 2011. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

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* "The text examines incandescence, iridescence, refraction, the relationship between light waves and colors, pigments, magnification, heat, fire, and the sun -- always clearly and in concert with spellbinding photographs . . . A love story to light and color, both educational and visually stunning." -- Kirkus Reviews, starred review* "Most science books offer illustrations, but few manage to consistently feature such precision when capturing the exact moment when energy becomes light, or employ such eloquence in explaining concepts through select, well-chosen words and pictures." -- Booklist, starred review* "Large eye-catching photos are the star of the show in this exploration of light . . . Libraries with strong STEM collections should consider Wick's visual introduction to an intriguing subject." -- School Library Journal, starred review"The gorgeous images of phenomena, in carefully staged everyday contexts, amaze us even as they prompt reflections on the underlying science." -- The Horn Book"The colored photographs are crisp and detailed, adding another layer of richness to the information presented . . . This is a visually appealing book to initiate the reader's exploration into the world of light." -- School Library ConnectionPraise for A Drop of Water:ALA Notable Children's Book, 1998.Outstanding Science Trade Books for Students K-12 Award, 1998.Boston Globe-Horn Book Award (Nonfiction), 1997"Something as simple as a drop of water hardly seems the stuff of extraordinary science. Yet exceptional photography from Wick shows fundamental science experiments in a fresh light." -- Kirkus Reviews

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Age Range: 6 - 8 years

Grade Level: 1 - 3

Lexile Measure: 1170 (What's this?)

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Hardcover: 40 pages

Publisher: Scholastic Press (February 26, 2019)

Language: English

ISBN-10: 0439165873

ISBN-13: 978-0439165877

Product Dimensions:

9.2 x 0.2 x 11.5 inches

Shipping Weight: 1.2 pounds (View shipping rates and policies)

Average Customer Review:

5.0 out of 5 stars

1 customer review

Amazon Best Sellers Rank:

#59,415 in Books (See Top 100 in Books)

WOW! A+ ! ... Awesome & astonishing! Gorgeous new photo book by the ultra-talented Walter Wick (I Spy; Can You See What I See; A Drop Of Water) ... Learn all about the science, art and magic of light & color... Fun & educational for all ages!… You'll never again take for granted the natural beauty of candlelight, sunshine, bird feathers, butterfly wings or soap bubbles... Highly recommend!...

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Sabtu, 09 Februari 2019

PDF Download PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions

PDF Download PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions

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PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions

PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions


PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions


PDF Download PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions

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PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions

Product details

Paperback: 218 pages

Publisher: Accepted Inc. (November 9, 2017)

Language: English

ISBN-10: 1635302447

ISBN-13: 978-1635302448

Product Dimensions:

8.5 x 0.5 x 11 inches

Shipping Weight: 1.2 pounds (View shipping rates and policies)

Average Customer Review:

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#808,539 in Books (See Top 100 in Books)

I bought this because it was cheap. You get what you pay for. The practice questions follow more or less the same format as the test, but some of the writing/language and reading comprehension questions and answers are poorly worded or just silly. For example: "Alternatively, an individual may assume a particular disease is uncommon simply because he or she does not have any personal acquaintance with the disease." Choices to replace the word "uncommon" are A) No change B) lawful C) certain or D) natural. First of all, PSAT vocabulary is meant to test the student's understanding of a word with multiple meanings or uses, within a particular context, which this clearly does not. And second, these answer choices are just absurd. A particular disease is lawful? Not sure what the writers were thinking. My advice: Spend the extra money and get the College Board prep book, or Barron's.

The reading sections of this book are not printed in double columns like the actual College Board format but rather in full page reading passages. In addition, the "best evidence" questions that students often struggle with do not refer to the passage line numbers but are reprinted sentences in the answer choices. This is confusing and counterproductive because one of the skills that students need is to delve back into the passages with line numbers. Some of the reading answers are really questionable, and there are several grammatical errors, and some questions/answers repeat the same or similar information. The strategies are non-existent.

It came in perfect condition and looked exactly the way I expected it to.

This book is loaded!! It has detailed examples that really break down what you are reading so you can understand it! The practice test are very useful! I love that it provides detailed explanations of the answers to the test! This book will help prepare anyone looking to PSAT

The PSAT Prep 2018 Study Guide book is amazing! It prepares students for the SAT. The book is formatted in a way to teach test takers the required materials. Math is my toughest subject, and with the teaching of the math problems that will pop up on the exam demonstrated in this book, I felt more confident in trying out the practice tests. The tests are hard but that's a good thing. I tried taking the practice tests before studying this book's content on the subjects to gauge what I needed to work on the most. The information is detailed, concised, and well-done. The organization of the materials made this easy to use. The large print made reading the content easier on the eyes. The examples were helpful. Overall, this is the study guide I recommend to others. The pricing also makes this a must have tool.I received this copy from the publisher. This, is my voluntary review.

I purchased this book for my son, who is at 10th grade. He said its a good book to learn.

Great way to study for the PSAT!!! This book is amazing, provides great information with a ton of examples. Accurately determines knowledge and provides information to ensure passing with a high score!

If you really want to obtain a high score on the PSAT, this study guide is a must-have. User friendly, simple language, full tests; you'll have a great resource with it!

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PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions PDF

PSAT Prep 2018 Study Guide: PSAT/NMSQT Review Book and Practice Test Questions PDF
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Jumat, 01 Februari 2019

Free Download The Death of Money: The Coming Collapse of the International Monetary System

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The Death of Money: The Coming Collapse of the International Monetary System

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The Death of Money: The Coming Collapse of the International Monetary System

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Audible Audiobook

Listening Length: 13 hours and 13 minutes

Program Type: Audiobook

Version: Unabridged

Publisher: Gildan Media, LLC

Audible.com Release Date: April 8, 2014

Whispersync for Voice: Ready

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ASIN: B00IZLPMKO

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The introduction suggests that this book is going to rehash some fairly common themes. Then, delightfully, the first chapters veers off on an unexpected tangent, followed by an equally astute, and unexpected second chapter.The introduction suggests that we are in for a time of either inflation or deflation, and that they are both equally dangerous. The thesis he repeats throughout the book is that central banks favor inflation for a number of reasons, but that they are having a hard time forcing inflation it to occur. There is simply too much slack in the economy in the form of unused labor, capital, and production capacity. Other authors argue that increases in productivity are inherently deflationary: if automation reduces the cost of manufacturing a car, competitive pressures will force manufacturers to sell them cheaper.The federal government must have inflation for four reasons. Deflation causes an increase in the real value of the federal debt. It has an adverse impact on the debt to GDP ratio. Third, although banks may benefit initially by being repaid more than they lent, the risk of default increases dramatically in a deflationary environment. The fourth and final problem with deflation is that it reduces federal tax income. As nominal earnings decrease, the tax rate schedules, which are graduated, yield less revenue in real terms. Though asset value may rise in real terms, you cannot tax capital gains unless the nominal value rises.Central banks throughout the world are fighting the tide as they work to promote inflation. The result of Quantitative Easing has been massive malinvestment by those to whom the newly coined money has been funneled.Chapter One covers the financial signals that telegraphed the World Trade Center attack, had anybody been astute enough to parse the evidence. Rickards consulted with the CIA during the decade of the 2000s, looking for ways in which markets predicted attacks on American interests. In analyzing how the terrorists benefitted financially from their own act, he offers a broad discussion of financial forensics. He matter-of-factly documents overwhelming evidence of insider trading and market manipulation. These are not central to his theme, except insofar as obviously rigged markets make investors wary.Chapter Two discusses financial warfare. The key insight is that state actors are often more interested in relative than absolute strength. Every war has costs, but if country A can destroy country B at an acceptable cost to itself, it may do so. Destroying the dollar would have a major impact on dollar holders such as China, but at the same time increase their relative strength in the world. His analysis of the way the US used finance to cripple Iran and Syria is quite insightful. As Russia and China free themselves from reliance on the dollar, they might do the same to us.Chapter Three analyzes the increased involvement of central banks in the economies of their countries, and the general ill effects of central planning. It didn't work for the communists, and it doesn't work for Yellen. The Fed gets tangled up when it targets inflation and unemployment statistics, when its own actions influence those statistics, and the Federal Government has ample room to fudge the measurement of the statistics. Any policy can be justified.Of the four causes of economic depression, Rickards claims that the greatest is regime uncertainty. People refuse to invest when the rules keep changing. Amity Shlaes and others have concluded that Roosevelt prolonged the Depression by constantly changing the rules for labor unions and other politically favored groups. And Obama is doing the same, with the same result. Entrepreneurs are reluctant to invest, leaving a lot of capital and labor idle.Fed policy of low interest rates is forcing people to take unusual risks in pursuit of a return. Neither common people nor money managers find it easy to sit tight and accept a zero return on capital for any period of time. Instead, they have been stampeded into the only games in town - overinflated real estate (again) and a rigged stock market. Interest rates, and especially the price of gold, have been forced down in order to push money into these bubbles.Chapter Four focuses on China, beginning with a sweeping historical overview of the world's longest lived civilization. He observes that it swings rather regularly back and forth between centralization and decentralization, each in turn cleaning out the excesses of the other. This is a time of great malinvestment. Whereas consumers account for 71% of US spending, the figure for China is only 35%. For investment, it is 13% vs. 48%. The latter is an absurd figure, including vast amounts of malinvestment: empty cities, trains to nowhere, and the like. As in the US, the middle class is the victim. As their savings receive negative rates of return, vast amounts of money go into mutual-fund type vehicles which in turn invest in the bubble. It will not end well.Though China, with $3 trillion in assets, could put its financial house in order, it will not. The powers that be make their money from the malinvestment. The growing wealth disparity represents a major threat to the regime.Chapter Five is on Germany and the Euro Zone. It is refreshingly different from the mostly negative analyses most authors offer. He gives good reasons why the Euro should survive as a currency and cites optimistic statistics about the progress that the PIIGS, especially Greece, have made in cleaning up their economies. In particular he notes that contrary to the Keynes/Krugman theory of "sticky wages," wage rates have been able to fall by a whopping 22% even without abandoning the Euro. Moreover, Greece is attracting new investment.The Euro zone is continuing to expand, with the recent admission of Latvia and Croatia, and the potential membership of Serbia, Macedonia and Turkey.On the other hand, the Euro zone does suffer from a lack of uniformity in banking standards and deposit insurance. A bigger problem is that few of the member states meet the requirements for keeping their finances in order. They are to run deficits of no more than 3% if their Debt/GDP ratio is less than 60 (very few of them) and no more than ½ percent if debt is higher.Chapter Six begins with a discussion of the BRICS, then goes on to the GIIPS (nice acronym for the PIIGS) and BELLS. The latter - Bulgaria, Estonia, Latvia and Lithuania - was new to me. His major point is that the BELLS swallowed their medicine after the crisis of 2008, accepting a plunge in the GDP and austerity, refusing to devalue, in order to retain investor confidence. The PIIGS did what the US has done - print money, in some cases devalue, and pretend the problem will go away. The BELLS have fared quite well - the PIIGS not so well.He has a wonderful quote on Russia: "The Russian economy is best understood as a natural-resource-extraction racket run by oligarchs and politicians who skim enormous amounts off the top and reinvest just enough to keep the game going." That has been the game here in Ukraine as well, and the Maidan revolutions of 2004 and 2013 are attempts to wrench the country free of the oligarchs.Chapter 7 - Debt, deficits and the dollarWhat is the meaning of money? The classical definition is (1) a store of value, (2) a medium of exchange, and (3) a unit of account. These meanings are important, and Rickards has a great dissertation on the various points of view. This is a matter of practical import. Is gold money? Is Bitcoin money?He offers an interesting view. We are already on the gold standard, in that anybody who wants to is free to buy gold and use it as a store of wealth. It is not in governments' interest that we do so, which is why they echo Keynes, calling it a "barbarous relic" and openly manipulate its price to make it unattractive. One reads so much about the manipulation that it is worth citing other sources. It is a major theme on zerohedge. Paul Craig Roberts did a good piece in January. The Gold Antitrust Committee covers it regularly, and I review Geheime Goldpolitik: Warum die Zentralbanken den Goldpreis steuern (German Edition).Rickards says that government investment is justified if it satisfies three conditions: (1) only government could do it, (2) they can afford it, and (3) it has a positive return on investment. Two positive investments were the Interstate Highway System and the Internet. Most government investments, including just about everything Obama has done, do not qualify. They channel money the government cannot afford (has to print) to favored groups for investments (solar, education) which will never pay for themselves.Chapter 8 is on the IMF, the banker to the world. At present the IMF's balance sheet is only about 600 billion, small compared to those of the central banks. His point is that the IMF is the ultimate backup when central banks fail. The IMF has recently, quietly gotten permission to act like a bank, lending in excess of the asset base formed by member-state quotas. The currently allowed ratio is a conservative (for banks) 3:1. But - the mechanism is in place to print vast amounts, if and when the world's central banks get in trouble.The most interesting part of the chapter is a portrait of Dr. Min Zhu, the Chinese deputy to Christine Lagarde. He is a man who has seen both the Chinese and the Western systems, is smart enough to see the inherent contradictions within the IMF, and sometimes sufficiently candid to coyly reveal what he knows. A nice portrait. NB: Other illumination portraits in previous chapters include Andy Marshall of the Pentagon and Randy Tauss of the CIA. Rickards knows them not merely as a writer, but from having worked intimately with them.One of the truths that is widely known in financial circles, but seldom admitted, is that today's economic problems are primarily structural rather than cyclical. Don't blame it on the business cycle. The changes in demography, technology and society are structural and will not reverse themselves. Neither Japan nor China will sprout a generation of new workers overnight. In the US, the number of people entitled to entitlements will not shrink; neither will the cost of "free" medicine.His thesis is that the SDR, the IMF "currency" formed of a market basket of national currencies, could become a world currency. Moreover, it could, if his suggestions were followed, be pegged to gold as a deterrent to uncontrollable fiat currencies.Chapter 9 - GoldThis is the meat of the matter. Gold is money. The purest money. It is not a commodity, despite where it may be traded, because unlike commodities it is rarely consumed, but used almost exclusively as a store of value.Rickards writes openly and authoritatively about the ways in which central banks and government manipulate the price of gold.Chapter 10 - CrossroadsRickards writes as a throwaway that our governments are manipulating all the markets. It is so widely accepted as not to require amplification.There is massive malinvestment, from Chinese ghost cities to US student loans. While the problems could be fixed, the structure of our political systems will almost certainly not allow it. The vested interests are too strong.Chapter 11 - MaelstromRickards has referred to complexity theory often throughout the book. Here he amplifies the discussion. Systems, especially those involving human beings, are simply too complex to be predicted. One never knows, by analogy, which snowflake will trigger the avalanche. All you can know is that an avalanche is likely.He says that the crunch time is here for the Federal Reserve. There is a term used in complexity theory: a system about to fail goes wobbly, much as the top stars to wobble when it runs out of centrifugal force. He says that the Federal Reserve is already there, and it is unable to fill any of its roles other than to continue to monetize debt.ConclusionThis is the pay dirt. Rather like a Biblical prophet, he lists seven signs of the end times. And most useful, he gives his assessment of how to brace for the storm. He would own gold, land, hedge funds invested in hard assets, fine art and cash.Rickards cites a relative handful of sources repeatedly: Krugman, Reinhart and Rogoff, Bernanke, and Robert Rubin's acolytes. While he has an occasional good word for each of them, he is properly scathing when appropriate.Rickards is more willing to accept official statistics on unemployment, inflation and the like than others. He does not express skepticism as to whether or not the gold is still in Fort Knox. The skeptics are well known - look at zerohedge - and I find it impressive that he can build such a strong case for the imminent "death of money" even taking government claims and statistics at face value.The book could have been endlessly large. Subjects which Rickards chooses not to address are the declining quality of our human resources - poor education, and the skew of childbearing to the least capable members of society, the inexorable rise in entitlement spending, and the decline of the work ethic. See Coming Apart: The State of White America, 1960-2010 for this discussion.All in all, a masterful job by a man who has lived with his subject for most of a lifetime, and yet writes with the clarity of a lifelong author. A rare treat.

This is a great book, the second I have read by James Rickards. He's written the previous best selling book, "Currency Wars". Mr. Rickards has had a career in varied realms, he has degrees in Int'l. Economics (went to grad school with the likes of Timothy Geitner) and several legal disciplines. He's a regular on many MSM including CNBC where I first saw him about 8 years ago. He's an insider in more ways than one. Six years ago he pointed out that China was bent on accumulating gold to diversify their assets (boy was he right). Then 3 years ago he began talking about plans to revive an old 1960's era monetary maneuver which he called "Operation Twist", sure enogh a couple of months later the Fed announced Operation Twist which entailed buying long term US Treasury debt and selling short term. So when Mr. Rickards speaks I sit up and listen. In this book he talks about what is bound to happen with our present US$ based monetary system, how to recognize what is happening and the various ways this could play out. None of the three scenarios is good for us here in the USA, however, there are ways to prepare for these eventualities, woe to the unprepared. One likely way this could play out is by the IMF assuming the task of issuing world currency in the guise of the SDR which was first issued in the 1970's and has once again been undergoing much expansion on their balance sheet since the 2008 near meltdown.“The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar.”"The international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Each collapse was followed by a period of tumult: war, civil unrest, or significant damage to the stability of the global economy".Mr.Rickards shows why another collapse is rapidly approaching and this time it will be bigger than the Fed."The American dollar has been the global reserve currency since the end of the Second World War. If the dollar fails, the entire international monetary system will fail with it. No other currency has the deep, liquid pools of assets needed to do the job.Optimists have always said, in essence, that there’s nothing to worry about—that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government. But in the last few years, the risks have become too big to ignore. While Washington is gridlocked and unable to make progress on our long-term problems, our biggest economic competitors—China, Russia, and the oilproducing nations of the Middle East—are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos".

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