Windsor Mill, MD (Vocus) April 27, 2010
The United States supposedly leads the world industrially. From this viewpoint, America’s manufacturing base appears in the process of dissemination. With the latest crash, the big New York investment houses and banks, AIG and the European connection have been propped up. Asset packed Wall Street suddenly had no money, plenty of wealth and no money. These entities are principals in the global scheme of things; their rescue apparently was priority. Author Jay Wenderoth presents insightful facts, reviews, and analysis of America’s past, current, and future economic situation in his upcoming book, GIMMICKRY.
Impeccably researched and well written, Wenderoth believes that the great American experience continues - working, playing, and gambling. But the economy is not all people-friendly now. Not long ago, America talked of a four-day workweek and early retirement. Now it looks like three and four-day workweeks and no retirement. The games persist—stay put debts, diminishing values, vanishing credits, and rising costs. The new world order is global growth absorbing national equity negating national growth. American posterity is in jeopardy.
Wenderoth also explains that one of the causes of this dilemma is because America buys everything. G7 and G20 countries don’t; their exports exceed imports. America is the reverse; imports exceed exports, the mounting deficit account.
Also included in this informative book is the impending 2008 crash where the Treasury secretary, formerly of Wall Street, demanded more money from Washington. According to Wenderoth, there was no reserve on Wall Street and the European connection. There were plenty of assets, but no money. The Congress had to up the ante, again. At the same time, the chairman warns the Congress about the budget; the Congress must reduce borrowing and spending, running up the deficit, or there won’t be any recovery.
Thoroughly presented, GIMMICKRY is one highly illuminating experience, a great American awakening. For more information on this book, log on to Xlibris.com.
GIMMICKRY * by Jay Wenderoth
In the Search for More Money [Whatever Works in the Scheme of Things]
Publication Date: April 23, 2010
Trade Paperback; $23.99; 661 pages; 978-1-4415-7021-5
Trade Hardback; $34.99; 661 pages; 978-1-4415-7022-2
Members of the media who wish to review this book may request a complimentary paperback copy by contacting the publisher at (888) 795-4274 x. 7479. To purchase copies of the book for resale, please fax Xlibris at (610) 915-0294 or call (888) 795-4274 x. 7876.