You Will Own Nothing: Your War with a New Financial World Order and How to Fight Back is infuriating.
The author’s details of how you will be made to own nothing are well-documented. Author Carol Roth quotes the financial leaders themselves who are moving us toward this goal.
My oldest nephew is 25. When his dad was just two years older, he bought his first house. My nephew is currently renting and living a low-budget lifestyle as he plans out his future – which doesn’t include home ownership any time soon. Chapter 8. “Renting the American Dream” made me despair that my nephew, or any of my younger relatives, will be able to do the same. They’ll be in their early 30s before they achieve that goal. When home ownership is THE way to creating wealth for most Americans – how can they truly say they have a piece of the American dream when they’re just renting?
Roth is a former investment banker (she says “recovering”) and entrepreneur, TV host and pundit, and New York Times bestselling author. Her other books include The War on Small Business and The Entrepreneur Equation. She’s written this book to explain why these problems are happening – and what we can do to fight back. I read it because it is the first selection in Stephen Kruiser’s Morning Briefing Book Club.
Practical Note: For a gen X’er like me, who has ruined her attention span with social media over the last 10 years, forcing my brain to focus on the financial details was a strain. The book’s Audible version made this easier and about 9 hours, it was perfect for a weekend trip.
A debased dollar
We know how much less our dollar buys these days. A debased dollar is just one facet of the move us to a new financial world order. Roth acknowledges exactly how conspiratorial the “new world order” concept sounds. But she illustrates with mini lessons from financial history, tales of our government’s financial blunders, and the trends toward globalization how we’re headed to this future.
Anyone who is not looking askance at the World Economic Forum (WEF) – an entity I couldn’t name three years ago – simply hasn’t read this book.
Looking askance is too ladylike a phrase. You’ll be spitting blood at the description of this group and their plans to beggar middle- and working-class Americans. All Americans except for the wealthiest who can maneuver in ways we cannot.
Demoralized yet?
Roth acknowledges “you may be demoralized” in the book’s final chapter on how to fight back. “No kidding,” I thought. The first 10 chapters detail how many parts of American lives today are all working to render us poor.
Crushing college loans, stripping of digital rights in social media, and digital currencies are all a part. Her explanation of Environment Social Governance (ESG), shows exactly why certain companies make moves that crater their stock price, ensuring stockholders own less. Think Anheuser Busch and the Bud Light debacle.
The complexity of our financial system, coupled with the shattering of our concentration by 280-byte posts and 20-second reels, has led us to ignore what is happening. We can’t do that any longer. Roth exhorts us through well-documented stats to wake up, realize what is happening, and take back control of our own finances. Then we can work with others to assert our individual rights over the financial tyrants positioned atop the corporations who want to ensure we will own nothing.