Description

 How Money Became Dangerous

The Inside Story of Our Turbulent Relationship with Modern Finance

“A Spectacular Read.”-CNBC’S SQUAWK BOX          “A Cynical if often hilarious view of finance.”-The Deal

“An Engaging and important book.”-Walter Isaacson

In the not-so-distant past, the concept of money was relatively straightforward. People had bank accounts, mortgages, and maybe a few basic investments. Wall Street wasn’t synonymous with greed and recklessness. However, as time went on, our financial systems grew increasingly intricate, surpassing the average person’s comprehension while exerting a profound influence on our lives. It was as if the financial world had transformed into an enigma, a renegade force that seemed to operate without any oversight.

Enter “How Money Became Dangerous,” a captivating journey into the heart of modern money by an industry veteran who has witnessed firsthand the events that have shaped our financial landscape. This gripping narrative takes us from the crime-ridden streets of the Los Angeles jewelry district to the cutthroat trading floor of the Salomon Brothers. It delves into the high-stakes realm of investment banking and even explores the epicenter of the technology boom. Along the way, the book unveils the pivotal deals, developments, and influential figures that have molded the financial world into what it is today.

Through its pages, “How Money Became Dangerous” exposes the hidden, sinister forces that lurk within Wall Street, forces that have dehumanized and left ordinary Americans behind. It offers a fresh and enlightening perspective on how we arrived at this critical juncture in our financial history. Moreover, the book compellingly argues for the salvation of Wall Street, not only for the sake of the industry itself but also for preserving our well-being. It emphasizes the urgent need for a new course, one that can steer us toward a healthier and more equitable society.

In summary, “How Money Became Dangerous” is a thought-provoking and entertaining exploration of the turbulent world of modern money. It sheds light on the rise of our complex financial system, revealing how money has become our adversary. By delving into the past and dissecting the present, this book underscores the importance of finding a new path forward, one that can restore balance and ensure the well-being of our society.

“An insider’s view of how an increasingly abstract financial system fails to align with human needs…Poignant…fascinating…alarming.” — Kirkus Reviews

“People have come to believe the financial industry is not their ally, that it’s pitted against them and most of society.  In this engaging and important book, Chris Varelas shows how the world of money became so complicated and risky—and why we must understand how to fix it.” — Walter Isaacson, author of The Innovators

“The best books about the world of money have less to do with finance and more to do with fascinating people and Varelas delivers.  We meet porn stars, internet influencers, and Pablo Escobar’s money launderer, as he recounts his experiences in the industry, revealing important insights about ourselves and the vagaries of Wall Street.  Even those who don’t care much for stories of the financial world will enjoy this book immensely.” — Scott Nations, A History of the United States in Five Crashes

“Varelas has written a relatable, insightful, and often very funny treatise on how, why, and when our financial system started going off the rails and what might be done to fix it. It’s Liar’s Poker with a twist of Why Wall Street Matters thrown in for good measure.” — William D. Cohan, author of House of Cards

About The Author

Dan Stone

Dan Stone is a multi-talented individual who wears many hats in the creative industry. Hailing from Oakland, California, he has established himself as a prominent writer, creative director, and bar owner. With a diverse range of experiences under his belt, Stone’s contributions to the arts and literature scene are truly remarkable.

Before venturing into the world of writing and owning a bar, Stone dedicated many years of his career to the National Endowment for the Arts. During his time there, he held the position of program manager for the agency’s national initiatives. This role allowed him to play a crucial part in shaping and supporting various artistic endeavors across the country. Simultaneously, Stone’s passion for storytelling led him to produce numerous radio documentaries centered around jazz and classic novels. Through these documentaries, he was able to delve deep into the rich history and cultural significance of these art forms.

In addition to his work at the National Endowment for the Arts, Stone also made a significant impact in the literary world. He founded Radio Silence, a captivating magazine that seamlessly blended literature and rock & roll. As the editor-in-chief, Stone curated a collection of thought-provoking pieces that explored the intersection between these two art forms. Furthermore, his expertise in literature extended to academia, as he coedited the college textbook “Literature: An Introduction to Fiction, Poetry, Drama, and Writing.” This textbook served as a valuable resource for students looking to delve into the world of literature and gain a deeper understanding of its various genres.

Beyond his literary pursuits, Stone’s entrepreneurial spirit led him to establish North Light, a unique establishment near his home in Oakland. North Light is a one-of-a-kind hybrid that combines a bar, bookstore, and record shop. This innovative concept allows patrons to enjoy a drink while browsing through a carefully curated selection of books and records. It serves as a haven for literature enthusiasts and music lovers alike, fostering a vibrant and creative community within Oakland.

Dan Stone’s journey is a testament to his unwavering passion for the arts, literature, and the power of storytelling. Through his various roles and ventures, he has left an indelible mark on the creative landscape of Oakland and beyond. Whether it’s through his writing, his work at the National Endowment for the Arts, or his unique establishment, Stone continues to inspire and captivate audiences with his creative endeavors.