Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics
In a no holds barred expose of the 2008 financial meltdown from the inside, Ziad K. Abdelnour argues that the political and financial elites have done nothing to fix the structural problems and instead have worsened the situation. By creating more market bubbles, they are actually waging a war on the most productive members of society.
For investors, business people, and entrepreneurs that need to navigate the troubled geopolitical waters of the post-crisis world, Abdelnour offers several solutions, including looking at the world anew and understanding that the federal government's primary objective is to promote the creation of an environment conducive to the creation of wealth not job creation, not bailouts, not subsidies, not expansion of the federal bureaucracy, and not providing lifetime support to those who choose not to take advantage of the innumerable opportunities that exist in this nation for them to create a better, more productive life for themselves.
Written for investors that need to navigate the troubled geopolitical waters of the post-crisis world
· Offers "out of the box" investment tactics and strategies to outsmart the system
· Describes political and business solutions that anyone can engage in to restore freedom and prosperity
The author is President and CEO of Blackhawk Partners, Inc., a private family office that has two major lines of business, private equity investments and advisory services, and physical commodities trading
Compelling and persuasive, Economic Warfare reveals that wealth can be created in the new, post-crisis world, but investors need to understand that the rules of the game have changed.
Foreword by Herman Cain xvii
Chapter 1 The War against the Rich 1
Just Who Am I? 3
The Richest Man I Know 4
Why You Are Not Rich 6
Who Are the Rich and Why Should You Care about Them? 9
The Millionaire down the Street 11
The Socialist Fallacy 14
Can We Separate Economics and Politics? 16
Chapter 2 Report from the Battlefield 19
An Inside Job 21
Running the Red Lights 24
The Joker of Gotham City 25
A Crisis of Consciousness 30
Chapter 3 The Seeds of Our Destruction 35
“. . . In Order to Form a More Perfect Union . . .” 37
The Man Who Would Be King 38
The Hamilton Legacy 44
Bringing Hamilton’s Monster to Life 47
Springtime for the Progressives 48
And What about the Fed? 52
Chapter 4 The Face of the Enemy 55
Who Are the Progressives 58
Hubris by Any Other Name 61
The Bankers 65
Politics as Usual 68
Outside Influences 72
Chapter 5 Warfare, Not Terrorism 77
The Return of Civil Disobedience 84
Is Free-Market Capitalism Dead? 92
Chapter 6 Battle Plans 97
What Should America’s Global Role Be? 99
My General Philosophy for Creating “Wealth” 100
The Specifi cs of the Wealth Creation Process 102
Risks, Rewards, and Opportunities 107
Basic Tenets of My Investment and Wealth Creation Philosophy 109
The Future of Commodities 111
How to Best Protect Your Assets in the Turbulent Times Ahead 113
Invest in Yourself 116
Chapter 7 Strategic Goals 119
About the Private Equity Business Today 120
The Five Myths of Private Equity 124
My Personal View on the Biggest Challenges in the Private Equity Industry Today 127
Which Industries Are Particularly Interesting for “Distressed Investing”? 129
What Sectors of the Private Equity Markets Are We Focusing on Today? 130
Private Equity Deal Killers 133
How Do You Turn Billion-Dollar Ideas into Billion-Dollar Businesses? 138
Chapter 8 Tactical Maneuvers 141
Real Estate 142
Alternative Investment Vehicles 144
What Part Did Hedge Funds Play in the Crash of 2008? 148
Bottom Line on Hedge Funds 150
Private Equity Roll-ups 152
Skin in the Game 157
Chapter 9 Global Fronts 161
Targets of Opportunity 164
Rules of Engagement 165
The Middle East and North Africa (MENA) 175
Chapter 10 The Tenth Amendment 181
If It’s Broke, Fix It! 183
How Is It Working for You? 184
Repeal Bad Legislation 185
Cutting Overhead 186
Toward an Equitable Tax System 193
End the Fed 195
Regime Change 197
About the Author 205
Wesley A. Whittaker has been writing professionally for thirty-five years, producing business proposals, white papers, and research reports. He was in the 1977 National Collegiate Poets Anthology and wrote a satirical column for a monthly magazine in Atlanta in the mid-1980s. On the creative side, Whittaker has written two plays, two screenplays, and is completing work on his first novel. This is his first nonfiction book.
America was created to be a land of opportunity, where the individual could take an idea, develop it, and create wealth in the process. Unfortunately, not everyone agrees with this notion. An enemy has arisen in our midst, one who has single-mindedly worked to subvert and even destroy this opportunity. Surprisingly, it is those we have elected and entrusted with managing our federal government and its burgeoning bureaucracies who are running the country into the ground. In the new book, Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics (Wiley; December 2011; $34.95; 978-1-118-15012-2; Hardcover; Ebook), Ziad Abdelnour, President and CEO of Blackhawk Partners, argues that the United States is in an economic war between those who create wealth and those who believe they have some sort of divine mandate to appropriate your wealth.
According to Abdelnour, “What happened to this economy during the crisis was, at the very minimum, a violation of the fiduciary trust and relationship that supports the capitalist free-market system. The public servants who are supposed to be working on our behalf, paid by our tax dollars and charged with working to ensure domestic tranquility and promotion of the general welfare, seem to be alternating between an apparent ambivalence and an adversarial position where our fiscal inquiries are concerned. In the name of correcting the weaknesses in the financial system, these agents for the state have launched a full-blown assault on the true creators of wealth in the nation, while the small group who actually participated in, promoted, and profited from the latest economic crisis have walked away with millions of our dollars in their pockets.”
Stripping away the veneer to reveal the true agenda behind our expanding central government, the book explores where the weakening of system began and how it was accomplished and describes the damage that has been inflicted upon the American economy in the last few years, making the case for the indisputable charge that we are involved in an economic war for survival. Economic Warfare is also about how to deal effectively with the financial meltdown that appears to be ongoing by outlining vehicles for wealth creation and tools that can be used on a global scale.
Some of Abdelnour’s Practical Strategies for
How to Best Protect Assets in the Turbulent Times Ahead:
- Convert U.S.-backed assets such as cash into Swiss francs, kroners, or a couple of other strong currencies
- Buy hard assets such as gold bullion, silver, diamonds, and a number of other commodities or exchange-traded funds and stock representing commodity businesses that will move up with the price of gold, silver, oil, and other commodities.
- Buy quality stocks that have paid dividends for many years and focus on companies that are in the food, water, and health businesses along with the ones that are in technologies that enable those types of companies.
- Demand that your duly elected representatives keep their oath of office, especially the 10th Amendment. If they don’t, defend and uphold the Constitution… replace them.
Economic Warfare demonstrates how engaging in the wealth creation process, instead of relying on big government and big business, is the best path to prosperity.
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