The Next Revolution in Our Credit-Driven Economy : The Advent of Financial Technology

Intro -- Title Page -- Copyright -- Table of Contents -- Dedication -- Acknowledgments -- About the Author -- About the Website -- Introduction: A Few Numbers Can Crack the Code -- Part One: How Bank Credit Drives Economics (Not the Other Way Around) and Why -- Chapter 1: A Few Simple Concepts That Anyone Can Understand -- The Error of Our Ways -- The Mechanics of Economics -- Economic Blinders -- The Corporate Example -- Painful Reality -- How Political Chaos Is Created from Runaway Greed -- Tangible Leverage Is the Other Vitally Important Factor -- When Debt Becomes a Dirty and Dangerous Word -- European Bank Woes -- Following the Numbers -- Chapter 2: Differences between Liquidity and Solvency Are Thin -- Current Account versus LDR -- Bad Credit Karma -- The "Good" Banks -- A Wellspring of Debt -- Lessons in Asia -- Chapter 3: Anatomy of a Credit Crisis and Examples in the Real World -- Capital Cycles -- The Winners after a Crisis -- The Absurdity of Wholesale Lending: This Is a B-A-D Business -- Part Two: I Am From the Government, and I Am Here to Help Your Broken Banking System -- Chapter 4: Socialization of Debt after Mismanagement by Bankers (or, Why Keynesian Economics Doesn't Work) -- Thailand -- The United States: In Many Ways, a Carbon Copy of Thailand -- Spain and Ireland: The Most Extreme Examples of Irresponsible Lending in Modern History -- The United Kingdom -- Indonesia -- Conclusion -- Chapter 5: Why Capitalist Bankers Create Soviet Banking Models When the Going Gets Rough -- Basel I: The Japanese Financial M&A Boom and Bust -- Basel II: The Rise of the AAA-Rated CDO Boom and Bust -- Basel III: The Rise of the Government Debt Boom and Bust? -- Chapter 6: Central Banks Are Carrying the Greatest Load and Will Dominate Outcomes -- Why Have Central Banks Become So Involved in the Solution of the Global Financial Crisis?.