Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics


Praise For Economic Warfare

"Economic Warfare is a handy guide to global business practices. Just as politics is often war byanother name, global business is cut-throat competition by another name. This remarkable book offers insight, guidance, and a totally out-of-the-box way to think about international business competitiveness."
Herb London, President Emeritus, Hudson Institute

"This is a must-read book. Ziad simply and clearly emphasizes the crucial free marketprinciples that must be adopted by the United States if we are to avoid the coming requiem. The reader receives an education second to none explaining what success andthe creation of wealth truly derive from. The result of this counsel is prosperity."
Victor Sperandeo (Trader Vic), CEO and President, Alpha Financial Technologies, LLC

"Ziad Abdelnour is an independent thinking libertarian who applies Milton Friedman–like concepts in this book to his daily life. The man embodies the American Spirit and in this masterpiece he explains very complex financial concepts in an easy-to-read and understandable language. As the founder of the worldwide CEO Clubs and author of twenty-six books . . .when I say 'read this book'—DO IT. It is impactful and a must-read."
Joe Mancuso, founder and President, CEO Clubs

"The words that come to mind after reading this book are courage and truth. The question is, do you have the courage to hear the truth? Economic Warfare rips the lid off the story of the century—that our country has been embezzled and defrauded by a cabal of Ivy League gangsters, greedy bankers, financial terrorists, and vulture capitalists. They managed to turn Wall Street and the banking system into a combined craps game, shell game, and Ponzi scheme—all set up for the benefit of the few (bankers), to be subsidized by the many (taxpayers). Bernanke, Rubin, Paulson, Summers—all the star swindlers—are exposed in Economic Warfare. This is the book the bankers, hedge fund managers, and D.C. political insiders fear."
Wayne Allyn Root, CEO, entrepreneur, and bestselling author ofThe Conscience of a Libertarian, former vice presidential candidate andChairman of the Libertarian National Congressional Committee

"Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics isthe new bible of how to make a ton of dough—even in these difficult times."
John LeBoutillier, former U.S. Congressman (R–NY) and author of Harvard Hates America

"In his eye-opening book Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics, Ziad Abdelnour exposes the massive fraud being perpetrated on the American people by Wall Street insiders. And, as a libertarian and true believer in free markets, he offers solutions for both the United States and individual citizens when it comes to real wealth creation."
Robert Ringer, Publisher of A Voice of Sanity and author of Restoring the American Dream: The Defining Voice in the Movement for Liberty

Ziad K. Abdelnour is President and CEO of Blackhawk Partners, Inc., a private equity family office that focuses on originating, structuring, and acting as an equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations, buildups, and growth capital financings. Since 1985, Mr. Abdelnour has beeninvolved in over 125 transactions, worth in aggregate over ten billion dollars, in the investment banking, high-yield bond, and distressed debt markets and has been widely recognized for playing an integral role in those three key market sectors. Mr. Abdelnour also serves on the board of TMax Capital, on the advisory board of DPG Investments, and FlatWorld Capital. Abdelnour holds an MBA in finance from the Wharton School of Business at the University of Pennsylvania and a BS in economics, summa cum laude, from the American University of Beirut and is a speaker on private equity and venture capital topics at industry conferences nationwide.

Wesley A. Whittaker has been writing professionally for thirty-five years, producing business proposals, white papers, and research reports. He was in the 1977 National Collegiate Poets Anthology and wrote a satirical column for a monthly magazine in Atlanta in the mid-1980s. On the creative side, Whittaker has written two plays, two screenplays, and is completing work on his first novel. This is his first nonfiction book.

Foreword by Marc Rowan xiii

Foreword by Herman Cain xvii

Prologue xxiii

Preface xxv

Acknowledgments xxix

Introduction xxxiii

Prelude xxxix

Chapter 1 The War against the Rich 1

Just Who Am I? 3

The Richest Man I Know 4

Why You Are Not Rich 6

Who Are the Rich and Why Should You Care about Them? 9

The Millionaire down the Street 11

The Socialist Fallacy 14

Can We Separate Economics and Politics? 16

Notes 18

Chapter 2 Report from the Battlefield 19

An Inside Job 21

Running the Red Lights 24

The Joker of Gotham City 25

A Crisis of Consciousness 30

Notes 32

Chapter 3 The Seeds of Our Destruction 35

“. . . In Order to Form a More Perfect Union . . .” 37

The Man Who Would Be King 38

The Hamilton Legacy 44

Bringing Hamilton’s Monster to Life 47

Springtime for the Progressives 48

And What about the Fed? 52

Notes 53

Chapter 4 The Face of the Enemy 55

Who Are the Progressives 58

Hubris by Any Other Name 61

The Bankers 65

Politics as Usual 68

Outside Influences 72

Notes 75

Chapter 5 Warfare, Not Terrorism 77

The Return of Civil Disobedience 84

Is Free-Market Capitalism Dead? 92

Notes 95

Chapter 6 Battle Plans 97

What Should America’s Global Role Be? 99

My General Philosophy for Creating “Wealth” 100

The Specifi cs of the Wealth Creation Process 102

Risks, Rewards, and Opportunities 107

Basic Tenets of My Investment and Wealth Creation Philosophy 109

The Future of Commodities 111

How to Best Protect Your Assets in the Turbulent Times Ahead 113

Invest in Yourself 116

Note 117

Chapter 7 Strategic Goals 119

About the Private Equity Business Today 120

The Five Myths of Private Equity 124

My Personal View on the Biggest Challenges in the Private Equity Industry Today 127

Which Industries Are Particularly Interesting for “Distressed Investing”? 129

What Sectors of the Private Equity Markets Are We Focusing on Today? 130

Private Equity Deal Killers 133

How Do You Turn Billion-Dollar Ideas into Billion-Dollar Businesses? 138

Chapter 8 Tactical Maneuvers 141

Real Estate 142

Alternative Investment Vehicles 144

What Part Did Hedge Funds Play in the Crash of 2008? 148

Bottom Line on Hedge Funds 150

Private Equity Roll-ups 152

Skin in the Game 157

Notes 160

Chapter 9 Global Fronts 161

Targets of Opportunity 164

Rules of Engagement 165

Brazil 168

Russia 170

India 172

China 174

The Middle East and North Africa (MENA) 175

Notes 178

Chapter 10 The Tenth Amendment 181

If It’s Broke, Fix It! 183

How Is It Working for You? 184

Repeal Bad Legislation 185

Cutting Overhead 186

Toward an Equitable Tax System 193

End the Fed 195

Regime Change 197

Notes 199

Conclusion 201

About the Author 205

Index 207