Thursday, April 22, 2010

Book Report - Survival + Structuring Prosperity for Yourself and the Nation

I recently concluded reading Charles Hugh Smith's book Survival +. For those that have been living in a cave Charles is also the author of the very popular daily blog Of Two Minds. I have encouraged the plethora of readers I have, (does 6 not including family make a plethora?) to makes Charles site a daily must visit.

His writings are clear thinking and straight to the point. Charles is a big picture thinker and his book is exactly this. His book is not a how to Survival guide in the sense most would expect but rather a clearly reasoned warning as to what is happening around us and where we are headed .

Many look for books to tell them to now do this and then do that and after that do this. For those that demand this type of instructions please hear me on this, if Someone told you it would rain for 40 days and 40 nights, would you also need that Someone to tell you to build an Ark?

Below is a quick snippet lifted directily from the Survival + pages: 357-358

"A small community town has abundant fresh water resources. A large multinational corporation approaches the town council to purchase the rights to the water. The multi-billion dollar corporation sees the water as a windfall inviting exploitation, and so they present what appears to be a windfall to the small city leadership: new jobs, a new park, stable tax revenues, and so on.

But the small-city government is no match for a global corporation which possesses the great advantage of information asymmetry: the corporate leadership knows their own long-range plans while the city leaders know only what their corporate public-relations team decides to tell them.

Given the legal thickets ow water rights and contractual laws, the global corporation can easily construct a complexity fortress that is essentially impenetrable to the inquiries of the small-town leadership.

Presented with what appears to be a windfall, the town leaders agree to the corporation's contract.

Very quickly, information asymmetry flashes its polished teeth: the company decides to renege on various employment and public improvement promises citing 'market conditions' or other excuses. The town residents soon discover that the ceding of their water rights is legally unbreakable but the promised dividends from the global corporation are all rescindable without recourse.

The corporation, of course, has a veritable army of attorneys and consultants to defend its rights, while the township has none. "

This is just a quick flavor of Charles writing and one of many subjects Charles navigates through.

Could their come a time when thinkers, men and women like Charles Hugh Smith among us, get a seat at the table of council upon council of political advisors and be listened to. We would be so lucky were this so.

Survival + is required reading for all of us. Get yourself a copy which can be ordered over here at Amazon sit down and read Survival +, you will not be disappointed.
If only both our elected and unelected officials would do the same and read it as well. One can dream can't they?

In the economic climate we now live in, this type of book is truly a gift.

Thanks Charles, much appreciated.

Full disclosure and for what it's worth I receive no commission, fees or royalties of any type of renumeration for this review and recommendation of Survival +. I simply do this in an attempt to help share with you resources that my might assist you in being prepared and thinking critically about what is on the horizon.

Thanks for your contribution with Survival + Charles, much appreciated.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

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