Return to First Principles
Second Edition
by
Book Cover & Preview Text
In April 2009, "Billionaire investor George Soros is quoted as saying on Reuters Financial Television, 'The banking system as a whole is basically insolvent'." Mr. Soros is correct. Return to First Principles explains "How " this came to be, but more important "What" must be done to restore the world's financial system to soundness.
Formats
Book Details
About the Book
PRAISE FOR RETURN TO FIRST PRINCIPLES Second EDITION 2013 Eric Hoffer Award FINALIST for Excellence in Independent Publishing. “Return to First Principles is a well researched and informational book.” –Connie Harris. TCM Reviews First Edition “The American people are looking for answers and there are precious few forthcoming from Washington. ‘Return to First Principles’ by Budd J. Hallberg is filled with answers.” –Colonel Ron Standerfer, United States Air Force (Ret.) First Edition THIS NEW EDITION of Return to First Principles is full of updated information. The book explains why the nation’s banking system continues to operate on the margin and much of corporate America is fragile. Large numbers of American families still function in chaos and whirl. The nation’s economy is brittle and much of the country’s government is corrupt. The text contains new information as to the cause of the September 2008 financial meltdown which resulted in the worst economic crisis since the Great Depression. This book defines what First Principles are, introduces a new political ‘ism’ and explores a number of ways as to how the nation can repair itself-namely by Returning to First Principles.
About the Author
Budd Hallberg started his career in 1966 as an investment banker, first with Francis I. duPont & Co. and then Dominick & Dominick, Inc. In 1976 he joined the U.S. Commodity Futures Trading Commission in Washington, DC. In 1979 Hallberg was appointed a Director of the agency. From 1985 until his retirement in 2008 he was Managing Director of SCAN Management Inc., a management consulting firm. The firm provided compliance and regulatory consultant services to the securities and futures industry. In 1965 Hallberg was appointed a Reserve Commissioned Officer in the Army of the United States. He is a graduate of the Command and General Staff College of the United States Army. Hallberg retired at the rank of Lieutenant Colonel in 2002. He has a B.S. degree from the University of the State of New York and holds a M.A. degree from Goddard College. Hallberg also studied at the University of Connecticut and Harvard University. Hallberg is a member of the Society of the Cincinnati. He is an avid horseback rider and enjoys golf and tennis. Hallberg resides in Gettysburg, Pennsylvania.