What's Wrong with Money? (eBook)
208 Seiten
John Wiley & Sons (Verlag)
978-1-119-19116-2 (ISBN)
What's Wrong with Money? explores how and why money is valued and the warning signs that point to its eventual collapse. Author Michael Ashton is widely regarded as a premier expert on inflation, and in this book, he illustrates how the erosion of trust in central banks is putting us at high risk of both near- and long-term inflation--and a potentially very serious disruption. It's not about a conspiracy surrounding inflation reporting; it's about the tentative agreement we all carry that lends money its value. This value isn't necessarily inherent; while some currency is backed by stored value, others are not. This book walks you through the history of currency and details the ways in which it can fall apart. You'll learn how to invest in any type of collapse scenario, and you'll gain expert insight into the warning signs that signal a coming shock to the financial system.
* Track the history of monetary value
* Consider how money could die slowly or quickly
* Learn investment strategies for both slow and quick scenarios
* Examine potential causes of erosion of trust in the monetary
system, and the chilling results of such erosion
An economic system without money is incredibly inefficient, but our shared agreement in monetary value has historically never been enough. What's Wrong with Money? shows you the lessons from the past and the reality of the present and helps you make plans for the future of money.
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
| Erscheint lt. Verlag | 11.2.2016 |
|---|---|
| Sprache | englisch |
| Themenwelt | Mathematik / Informatik ► Informatik |
| Recht / Steuern ► Wirtschaftsrecht | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Schlagworte | Computer Science • Finanzwesen • Informatik • Informationstechnologie • Information Technologies |
| ISBN-10 | 1-119-19116-5 / 1119191165 |
| ISBN-13 | 978-1-119-19116-2 / 9781119191162 |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
| Haben Sie eine Frage zum Produkt? |
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