72.“Colleges Teach Students How to Hate America,” Cincinnati.com, May 18, 2013, http://news.cincinnati.com/article/20130519/EDIT/305190025/Colleges-teach-students-how-hate-America?nclick_check=1.
73.Victor Skinner, “Columnist: Too Many Educators Want Our Kids to Hate America,” EagNews.org, http://eagnews.org/columnist-cites-examples-of-educators-teaching-students-to-hate-america/.
74.“Air Force Training Calls Founding Fathers and Southerners Terrorists While Ignoring Islamists Who Brought Down the Trade Centers,” NC Renegade, August 24, 2013, http://ncrenegade.com/editorial/air-force-training-calls-founding-fathers-and-southerners-terrorists-while-ignoring-islamists-who-brought-down-the-trade-centers/.
75.Peggy Noonan, “Patriots, Then and Now,” Wall Street Journal, March 30, 2006, http://online.wsj.com/article/SB122512408935772391.html.
76.“U.S. History Quotes about God and the Bible,” USA Christian Ministries, http://www.usachristianministries.com/us-history-quotes-about-god-and-the-bible/.
77.WhoWasRonaldReagan.com, posted June 16, 2013, http://whowasronaldreagan.com/80/2013/06/16/if-we-ever-forget-that-we-are-one-nation-under-god-then-we-will-be-a-nation-gone-under-ronald-reagan-3/.
78.Conrad Black, “Collapse of American Influence Recalls Disintegration of Soviet Union, Fall of France,” New York Sun, September 7, 2013, http://www.nysun.com/foreign/collapse-of-american-power-recalls-dis/88400/.
APPENDIX
1.John Templeton, Discovering the Laws of Life (New York: Continuum, 1994), 13.
2.C. Robert Allred, “Life’s Greatest Investment,” Sermon Archive, November 24, 2002, http://www.bobssermons.com/sermons/archive/021124.html.
3.John Templeton, “A New Way to Think about Money,” Looking Glass Coaching, Inc., posted November 9, 2010, http://mysuccessfilledlife.com/2010/11/09/a-new-way-to-think-about-money-by-sir-john-templeton/.
4.Winston Churchill, “Never Give In,” speech given at Harrow School, Britain, October 29, 1941, transcript, Churchill Centre, http://www.winstonchurchill.org/learn/speeches/speeches-of-winston-churchill/103-never-give-in.
Index
401(k) retirement plans, 49, 60–62, 120, 173, 177–78
403(b) retirement plans, 173
9/11, xi, 1, 8–9, 11, 16, 80, 216
9/11 Commission Report, The, 9
A
AAII Journal, 128
“Abenomics,” 57
Abe, Shinzo, 57
Academy of Military Science (Beijing), 17
active investing, 123–28, 134
Adam Smith Award for Excellence in Free Enterprise, 230
Ahmadinejad, Mahmoud, 12
AIG, 15–16, 179
Alexander, Keith, 78
Aleynikov, Sergey, 87
Algeria, 2–3
Al Jazeera, 11, 38–39
alpha, 127, 182
al Qaeda, 1–3, 9–13, 17–18, 80, 233
al-Qaradawi, Yusuf, 11
al-Shabab, 17
al-Zawahiri, Ayman, 1–2
Amazing Fantasy 15, 198
A.M. Best, 179
AMC Theaters, 64
America
attacks on, xvii–xx, 1–3, 9, 14–19, 80–81, 166, 237
debt of, 3–4, 7–8, 22–32, 39–48, 53–66, 82, 89, 92, 151–54, 165, 219, 221–22, 236–37
enemies of, xix, 10–13, 21–22, 25, 30, 33–39, 170
greatness of, 219–38
unemployment rate in, 50–51, 58, 89, 225, 231, 233
vulnerabilities of, xvii–xv, 1–5, 16–21, 25–26, 41, 45–46, 53–54, 56, 67–68, 72–76, 219–20, 237
American Bankers Association, 218
American Blackout, 224
American Enterprise Institute, the, 111
American Express, 121
American Recovery and Reinvestment Act, the, 226
American Trucking Associations, 67
Anandappa, Geoff, 200
Anatomy of Investing, The, 204, 216
Angel, James, 84
annuities, 164–65, 172–80
Antiques Roadshow, 199
Apple, 119, 190, 225, 227
Arab oil embargo (1973), 10, 211
Arab Spring, 2–3, 39
Arnuk, Sal, 86
Ash, Adrian, 102, 187
“Assessment of the National Security Risks Posed to the United States as a Result of the U.S. Federal Debt Owed to China as a Creditor of the U.S. Government,” 30
Associated Petroleum Industries of Pennsylvania, 229
Associated Press, the, 3, 51, 86, 130, 160, 164
Atlantic, the, 66
AT&T, 124
Augustus (Roman emperor), 161–62
Australia, 34, 105, 129, 182
B
Babbel, David, 179
Bahrain, 2–3
Baison, Jin, 40
Bank of America Corporation, 16, 150
Bank of America Merrill Lynch, 113
bank CDs, 177
Bank of England, xviii, 20, 35, 105–7, 150, 161
bank investment contracts (BICs), 178
Bank of Mexico, 106–7
Bank of the West, 166
Banque de France, 106–7
Barron’s, 24, 32
Bar-Yam, Yaneer, 15, 90
Bates, John, 85–86, 151
Baylor University, 179
BBC, the, 11
Beanie Babies, 199
bear raids, xviii–xix, 14–15, 26, 90–91, 180
Bear Stearns, 15
Beck, Rachel, 130
Beijing, China, 22, 36–37, 63
Benghazi attacks (2012), 19
Berger, Edo, 114–15
Bernanke, Ben, 43–44, 57–58, 64–65, 88, 90, 95–96, 104, 154
Berryessa, Norman, 204
Bible, the, 158, 236, 239
bin Laden, Osama, xvii–xviii, 1–2, 9, 24
bin Talal, Alwaleed, 13, 229
Blackrock (investment firm), 181
Blankfein, Lloyd, 150
Bloomberg News, 34–35, 79
Boehner, John, 151
Boeing, 121
Bofinger, Peter, 60
Bogle, John, 128
Boland, Andrew, 224
Bonhams, 200
Boston, 172
Boston Marathon bombings, 234
Boston University, 29
Bouchentouf, Amine, 107–8
Bove, Dick, 33, 93
Brazil, 34, 122
Brenner, Joel, 79
Bretton Woods, 34–35, 98
BRICS, 34–35, 63, 115
Broadway, 188–89
Broken Markets, 86
Buffett, Warren, 59, 96, 120, 125, 128, 137, 147
Bundesbank, the, 106
Bureau of Labor Statistics, 50–51, 162
Bush, George H. W., 75
Bush, George W., 47, 78–79, 185
Bush, Jeb, 32
C
California, 98, 136, 166, 206, 230–31
Campbell, Russell, 126
Camp David, 103–4
Capital Financial Advisory Services, 146
Capriglione, Giovanni, 223
“Carrington Event,” the, 74
Carrington, Richard, 73–74
Carter, Jimmy, 66, 140
Casey, Doug, 150
Casey Research, 27, 66, 150
Center for Financial Stability, 43
Center for Security Policy, 73
Center for Strategic and Budgetary Assessments, 2
Chamberlain, Neville, 210
Chambers, John, 225
Chang, Gordon, 37
Charles Schwab, 144
Chavez, Hugo, 12–13, 229
Chicago Board of Trade, the, 108
Chicago school of economics, 93–94
Chimerica, 47
China, xviii, 197, 210
currency of, 12, 20, 34–38, 40–43, 46–48, 98
economic warfare and, 3, 6, 8, 17–19, 21–22, 25, 28, 31, 46, 53, 115
gold and, 105
Russia and, 12, 33–34, 38,
115
as superpower, 38–39, 52–53
U.S. companies and, 62–64
U.S. debt and, 21–22, 25, 28–31, 43, 46, 53, 58–59
Chinese Academy of International Trade, 40
Chinese Academy of Social Sciences, 34
Christensen, Lars, 61
Churchill, Winston, 243
CIA, 5, 75, 80, 220, 229–30
Cisco, 225
Citigroup, 14–16, 90, 228
Civil War, the, 97, 100
Clark, Bill, 190
Clark, Jeff, 27
Clean Energy Fuels, 230
CNBC, 23, 27–28, 32–33, 64, 78, 129, 140
CNOOC, 63
Coca-Cola, 121
Cohen, Steven (“Steve”), 183–84
Cohn, Gary, 150
Cold War, the, 4, 10, 76, 82, 211, 224
collectibles, 171, 182, 187, 192, 198–201, 209
Colombo, Jesse, 130
Commanding Heights, The, 103
commodities, 24, 181–82, 187, 192, 194–98
Communist party (China), 22, 37, 48
Competitive Enterprise Institute, the, 231
Completely Predictable, 29
Confederacy, the, 9, 234
Congressional Budget Office (CBO), 32, 226
Congressional Research Service (CRS), 53
Conrad, Bud, 66
Constitution, the, 100, 102–3
Cooperman, Leon, 183
Cramer, Jim, 23–24, 122–23, 125
Croesid, the, 98
C-SPAN, 88
Currency Wars, 112, 223
Curry, MacNeil, 113
Cyber Command (U.S. Military), 78, 223
Cyprus, 58, 60–61, 90, 166
D
Daily Caller, the, 228
Daily Telegraph, 1
Daley, James, 199
Dalian Wanda, 64
Dalio, Ray, 183
Davidson, Erik, 204, 217
Davies, Martyn, 34–35
debt ceiling, the, 41, 151–52, 164
Defense Advanced Research Projects Agency (DARPA), 220
Defense Authorization Act, 5
Defense Intelligence Agency, 5, 220
Defense Nuclear Agency, the, 76
deflation, xx, 54–58, 89–92, 101, 112–13, 131, 139, 141, 146, 154–55, 180, 200–1, 210–12
Dell SecureWorks, 166
DeLorenzo, Yusuf Talal, 185–86
Del Rosso, Michael, 73
Der Spiegel, 17, 48
Deuteronomy, 236
Deutsche Bank, 31
District of Columbia. See Washington, D.C.
Dodd-Frank Wall Street Reform and Consumer Protection Act, 167
DollarDaze, 160
Dom Perignon, 198–99
Donilon, Tom, 18
Douglas, Lewis, 102
Dow Jones Industrial Average (“the Dow”), 11, 26, 86, 117, 119, 124–25, 130, 210–11, 213–14
versus gold, 111
as “the stock market,” 121
Dubai, 20
Duelfer, Charles, 10–11
Duggan, Bob, 206–10, 217
E
East Asia, 35
Eastern Europe, 211
efficient markets hypothesis (EMH), 119, 126–27
Egypt, 2–3, 12, 45, 98
Einhorn, David, 183
electromagnetic pulse (EMP), xix, 21, 30, 67–69, 72–77, 200, 224, 237
Ellis, Charles, 204, 208–9, 217
Emergency Banking Act of 1933, the, 102–3
EMP Commission, the, 69–72, 76–77
Epstein, Gene, 32
Estrada, Javier, 147
euro, the, 38, 48, 60, 104, 138, 164, 166
European Stock Index, 17
European Union, the, 61, 167, 222
eurozone, the, 42, 61
exchange-traded funds (ETFs), 7, 116, 124–25, 179, 194, 196–98
F
Facebook, 86, 188
fair tax, the, 232
Falk, Richard, 234
Fannie Mae, 15, 96
FBI, 5, 73, 80, 220
Federal Deposit Insurance Corporation (FDIC), 89, 91–92, 164–65, 168–69, 177–79
Federal Reserve, the (“the Fed”), 23, 97, 104, 136, 154–55, 167–68
debt and, 29, 40, 43–45, 90, 93
economic warfare and, 16–17, 25, 220
gold and, 105–9, 112–13, 214
Great Depression and the, 94
interest rates and, 54, 56–58, 92, 140–43, 146, 149, 150
money printed by the, xix, 27–28, 31, 62, 214
quantitative easing and, 28, 56–58, 62, 64–66, 224–25
Federal Reserve Bank of Boston, 169
Federal Reserve Bank of Dallas, 88–89
Federal Reserve Bank of New York, 106–7, 136
Federal Reserve Bank of San Francisco, 28, 55
Federal Reserve Bank of St. Louis, 23–24
Ferguson, Niall, 47
Ferrara, Peter, 51
Fidelity (investment firm), 110, 127, 186–87
financial crisis (2008), xviii–xx, 3–4, 50, 83, 88–92, 117, 222, 225, 237
aftermath of the, 16, 43, 50–51, 86–87, 92, 149, 154, 159–60
causes of the, xviii, 6–7, 14–15, 20, 24–25, 72–73, 88–90, 224, 237
Financial Industry Regulatory Authority, 176
Financial Times (London), 166, 199
Fiscal Risk Management Commission, the, 223
Fisher, Richard, 88–89
Fitch, 179
Five Wise Men, the, 60
fixed annuities, 172–76, 180
“flash crash,” 3, 7–8, 17, 83–87
flat tax, the, 232
food stamps, 50, 89
Forbes, 51, 59, 63, 102, 197, 206
Forbes, Steve, 32, 104
For the Record, 6
Forsyth, Randall W., 24
Founders, the, 99–100, 104, 234
franc, the, 33, 38
Franklin, Benjamin, 172
Franks, Trent, 224
Freddie Mac, 15, 96
Freeman, Kerry, 210
Freeman, Kevin, 6–7
Fridson, Martin, 59
Friedman, Milton, 94–95, 115
Frontier Advisory, 34–35
F-Secure, 166
Fuljenz, Mike, 96
G
Gaddafi, Muammar, 13
Galleon Group, 184
Gateway Church, 240
Geithner, Timothy, 25, 46–47
General Electric (GE), 120–21
General Political Department (GPD) (China), 21
Georgetown University, 84
German Council of Economic Experts, 60
Gertz, Bill, 18, 21–22, 30
Gilani, Shah, 84
Gingrich, Newt, 76–77
Glass, Carter, 103
Glick, Reuven, 28
Global Exchange, 63
Global Food Exchange, 195–96
Global Industry Classification Standard (GICS), 124
Global Investing the Templeton Way, 204
Global Trends, 6
God, 11, 235–36, 239–40, 242–43
Gohmert, Louie, 233
gold bullion, 33, 93, 108–9, 116
Goldman Sachs, 16, 87, 109, 150
Goldsmith’s Hall, 98
Goodman, Lawrence, 43
Google, 120
Graham, Benjamin, 204
Grameen Bank, 192
Great Britain, 10, 19–20, 66, 98, 153, 166–67
Great Depression, xviii, 16, 54–55, 89, 93–94, 100, 103, 211
Great Recession, 26, 164
Greece, xix, 29, 58, 65, 205
Greenlaw, David, 31
Greenspan, Alan, 97, 104, 110, 123, 134
Greenstein, Shane, 135
Grice, Dylan, 26
Gross, Bill, 41, 106
Guangcheng, Chen, 22
guaranteed investment contracts (GICs), 172, 177–78, 180
guaranteed investments, xx, 171–80,
209
H
Hagmann, Doug, 28
Haldane, Andy, 150–51
Hamilton, James, 31
Hanemann, Thilo, 64
Hartnett, Michael, 150
Harvard, 114, 131, 167
Hawker Beechcraft, 63
hedge funds, xiv, 107–9, 181–88, 200, 209
Heritage Foundation, the, 231
Hermes Fund Managers, 129
HFRI Fund of Funds Composite Index, 187
HFRX Global Hedge Fund Index, 183
Hitler, Adolf, 210, 243
Holland, 136
Hooper, Peter, 31
Hoover Institute, the, 227
House Armed Services Committee, 5, 220
House Committee on Homeland Security, 85
Hunt brothers, the, 108
Hussein, Fouad, 2
Hutchinson, Martin, 65
hyperinflation, xx, 28, 54–55, 58, 65–67, 89, 100, 131–33, 154, 160, 169, 201, 210–11
Hyperloop, 230
I
Iati, Rob, 87
Ibbotson, Roger, 182
Icahn, Carl, 183
IESE Business School (Barcelona), 147
India, 34–35, 43, 105
Industry Classification Benchmark (ICB), 124
inflation, 42, 45, 59, 90, 93, 95–96, 102–4, 119, 162–63, 170, 212
bonds and, 139–44, 145–47
in Britain, 10, 66–67, 98
commodities and, 197, 201
in Germany, 132
gold and, 95, 111, 113
in Greece, 65
guaranteed investments and, 179–80
in Japan, 55, 57, 65
risk of, 24–28, 31–32, 41, 44–45, 53–55, 59, 64–67, 112–13, 150–51, 154–55, 212–13
stocks and, 109–10, 131–34, 205, 212
in Zimbabwe, 65–66, 132
Inside Investing, 126
Institute of Electrical and Electronics Engineers’ Critical Infrastructure Protection Committee, 73
Institute for Energy Research, the, 228
Intelligent Investor, The, 204
International Monetary Fund (IMF), 33–35, 37, 51, 58, 62–63
Internet Crime Complaint Center, 166
Investing in Separate Accounts, 204
Investment Policy, 204
Investopedia, 187–88
Iran, 3, 12–13, 19–20, 25, 35, 45–46, 76, 169
Iraq, 2–3, 20, 38–39, 45–46, 81
Iraq Survey Group, the, 10–11
IRAs, 59–62, 163, 172–73, 176, 200
Islam, Islamic, 1–2, 11–12, 19, 185, 233
Ivory, Ken, 223
Iwry, J. Mark, 60
Izz ad-Din al-Qassam Cyber Fighters, 19
J
Jain, Prem, 128
Japan, 9, 24, 33, 38, 40, 43, 55–58, 62, 65, 136, 144–45, 153, 161, 210–11
Jefferson, Thomas, 99
Jeffrey, Terence, 29
Jesus Christ, 158, 239–40, 243
Joachimsthal, the, 99
Jobs, Steve, 190
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