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What's Wrong with Money?: The Biggest Bubble of All

توضیحات

AN EXPERT GUIDE TO SURVIVING COMING INFLATION AND POTENTIAL DISRUPTION

What's Wrong with Money? The Biggest Bubble of All offers a revealing and lucrative framework for considering the impending inflationary period when making investments. Go behind the scenes of the legislation, policy, and history of what makes money valuable with a recognized authority on inflation and inflation-related products. In a conversational narrative supported by illustrative charts and diagrams, he connects the dots between the actions of central banks in response to market bubbles and shows how they disastrously eroded our financial system by:

  • Highlighting historic patterns in monetary value and the possible outcomes of the current situation
  • Demonstrating the causes behind money devaluing slowly and quickly
  • Detailing a variety of investment strategies for gaining an edge no matter how money collapses
  • Examining the potential causes of monetary erosion, how it leads to inflation, or, in extreme cases, hyperinflation, and enabling you to determine your "personal inflation" with an exclusive online tool

By knowing What's Wrong with Money?, you can ensure your wealth is well protected.


MICHAEL ASHTON is managing principal at Enduring Investments LLC, a specialty consulting and investment management boutique offering focused inflation-market expertise. He played an integral role in developing the U.S. inflation derivatives markets and is widely viewed as a premier subject matter expert on inflation products and inflation trading.

Preface ix

Acknowledgments xiii

About the Author xv

PART I HOW MONEY LIVES AND DIES 1

CHAPTER 1 What Is Money, and Why Do We Need It? 3

CHAPTER 2 “Fiat” Money 19

CHAPTER 3 The Role of Central Banks and the (Limited) Power of Monetary Policy 27

CHAPTER 4 Bitcoin: A Solution and a Different Problem 39

CHAPTER 5 How Fiat Money Dies 47

PART II WHERE ARE WE NOW? 55

CHAPTER 6 Don’t Believe Everything You Read (But Believe Some of It) 57

CHAPTER 7 Central Bankers Are Monetarists No Longer 67

CHAPTER 8 Central Bankers in the Global Financial Crisis 77

CHAPTER 9 Where Are We Now? 99

CHAPTER 10 My Prescription 125

PART III HOW TO INVEST WITH INFLATION IN MIND 129

CHAPTER 11 Only Three Miracles 133

CHAPTER 12 Inflation-Aware Investing and the Easy Way 143

CHAPTER 13 Liability-Driven Investing for Individuals 159

CHAPTER 14 Investing for a Currency Calamity 173

Index 179