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Dishonest Money: Financing the Road to Ruin ReviewMy husband and I are lucky to know the author of this book. He happens to be my son. He began warning us to get my husband's retirement money out of the stock market in 2007 and by early 2008 he was no longer recommending that we do so, he was telling us to.I read an early version of "Dishonest Money" and, trusting the information and warnings, convinced my husband to get his money out. But then our local banker, behind my back, talked my husband into putting the funds back in. This banker said that it was crazy to just leave "so much money sitting idle and earning nothing." To be safe, the banker put all of the money (about $55,000) into a "strong company that has been around forever and is solid as a rock."
By some miracle I found out that this had happened. I had a fit and, long story short, the money was taken back out. About two months later that "solid company" (AIG) evaporated. ...And with it would have gone nearly every penny of my husband's savings.
It is terrible that so many people lost everything because they didn't get the warning that my husband and I got. It is unbelievable that I lived for 60 years without ever understanding what a rotten and dishonest system these crooks have given us. Dishonest Money explains this "system" in terms anyone can understand. If enough of us understand it, we can demand something better. Most important, we can prevent them from ever doing this to us again.Dishonest Money: Financing the Road to Ruin Overview
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