Электронная книга: Paul Schulte «The Next Revolution in our Credit-Driven Economy. The Advent of Financial Technology»

The Next Revolution in our Credit-Driven Economy. The Advent of Financial Technology

Go inside the research to see the global consequences of unethical banking The Next Revolution in our Credit-Driven Economy: The Advent of Financial Technology integrates market theory and practice to help investors identify growth opportunities, and to help regulators create a sustainable economic environment. Author Paul Schulte, former economic analyst with the National Security Council, draws upon his own decade-spanning research to demonstrate how unethical banking practices provide the brute force that drives political and economic crises worldwide. By unbundling how credit markets work, this authoritative guide provides deep insight into crisis avoidance and detection, successful investment climates, and the groundwork that must be in place for policy makers to build a sound basis for economic growth. Clear, succinct case studies provide examples of policy and its effects on economic stability, giving you a stronger understanding of the network of forces that determine how loan/deposit ratios behave around the world. Countries that lend more than they save consistently get into trouble, with catastrophic consequences for the rich and middle class as well as the politicians. This book shows how credit excesses bring about price collapse in stocks, currencies, and real estate, and provides direction for change in the context of global economics. Dive deep into the mechanisms underlying the credit markets Learn how unregulated borrowing leads to socioeconomic crises Examine real-world policy options through global case studies Discover how credit rises are best detected and avoided An economic climate in which even the smallest hiccup can have long-lasting consequences should be the ideal impetus for a close scrutiny of global banking practices and economic policy. The Next Revolution in our Credit-Driven Economy takes you behind the scenes for a new perspective, and a more informed look at where the world needs to begin changing. The second half of the book will take a look at the revolution driving financial technology. Companies in Silicon Valley and giants like Alibaba are challenging the landscape for banking. This has profound implications for policy makers, banks and for a new class of entrepreneurs who are developing software which is taking away market share from bank and challenging decades-old financial empires. The book will explore the reasons why many global banks remain flat-footed. It will go into detail about the new companies and software that are moving in the Far East and with innovations in securities, bonds, foreign exchange, retail lending and SME lending. Lastly the book will look at the strategy behind Alibaba and how it will challenge many companies from a powerful base inside China.

Издательство: "John Wiley&Sons Limited (USD)"

ISBN: 9781118989623

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Paul Schulte

Paul Schulte OMI (1896-1975), was a German priest and missionary, known as the "Flying Priest", who founded MIVA ("Missionary International Vehicular Association") to provide automobiles, boats and airplanes for the service of missions throughout the world.

Schulte's training for the priesthood was interrupted by the outbreak of World War I. He was conscripted and served in the Prussian 4th Guard Grenadier Regiment. After 2½ years he was wounded. On his recovery he joined the Air Force to be trained as a pilot, and served in Palestine. Following the war he returned to his studies at the scholasticate in Hünfeld, and was ordained an Oblate Priest of the Missionary Oblates of Mary Immaculate in 1922. As a first obedience he was sent to South Africa as a missionary.

In 1925 his childhood friend and fellow soldier Father Otto Fuhrmann died in South-West Africa of pneumonia complicated by malaria. It had taken him five days to reach the hospital of the Protestant Finnish mission where he died. This led Fr. Schulte to found MIVA, the "Missionalium Vehiculorum Associatio", known in German as the "Missions-Verkehrs-Arbeitsgemeinschaft", and the "Missionary International Vehicular Association" in English, to provide training and modern vehicles for missionaries, especially in Africa, Asia and Latin America. Despite some opposition from his superiors he finally received the blessing of the Archbishop of Cologne. In 1929 Schulte made his first journey to the United States to raise funds. Finally the Pope himself gave his unqualified approval.

In 1936 Father Schulte flew to the US on the airship "Hindenburg" and with papal permission celebrated the world's first aerial Mass in memory of his brother Lieutenant Franz Schulte who had died of influenza in 1919 while a POW in England. By that time MIVA had bought a dozen aircraft, and more than 150 automobiles and motorboats, used by mission stations in Albania, Latvia, Africa, Madagascar, Korea, New Guinea, Brazil and the Solomon Islands.

Schulte was then assigned to a parish in Northern Canada. There, in August 1938, Schulte mounted a 2,200 mile medical evacuation on behalf of Father Julien Cochard from Arctic Bay, the most northerly Catholic mission in the world, to Chesterfield Inlet. In his Stinson Reliant floatplane Schulte flew through storm force winds and thick fog in order to rescue Cochard, and received a special blessing from Pope Pius XI for his services. [http://www.nunatsiaq.com/archives/60825/opinionEditorial/columns.html]

Schulte was transferred to St. Henry's Seminary in Belleville, Illinois during World War II where he helped found the National Shrine of Our Lady of the Snows. He continued his work with MIVA until his death in Swakopmund, Namibia, in 1975. He is buried beside his boyhood friend, Father Otto Fuhrmann.

In 2007 MIVA celebrated its 80th anniversary. It has branches all over Europe, the United States and Korea, and still raises money to provide everything from aircraft to horses.

Publications

* Schulte, Paul, "The Flying Missionary", 1936
* Schulte, Paul, "The Flying Priest over the Arctic; a story of everlasting ice and of everlasting love", 1940
* Schulte, Paul, "The Flying Priest in Africa"

External links

* [http://www.omiworld.org/Informazioni.asp?L=1&I=304 Oblate Communications MIVA 80th anniversary]
* [http://www.time.com/time/magazine/article/0,9171,848628,00.html Time magazine article October 1936]

Источник: Paul Schulte

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Paul SchulteThe Next Revolution in our Credit-Driven Economy. The Advent of Financial TechnologyGo inside the research to see the global consequences of unethical banking The Next Revolution in our Credit-Driven Economy: The Advent of Financial Technology integrates market theory and practice… — John Wiley&Sons Limited (USD), Подробнее...
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