From the Author's Prologue I wrote the original manuscript of this book in 2003, prior to any immediately obvious signs that a crash of the financial markets was on the near (one to five years) horizon. At that time I presented the manuscript to my employer, I was a trader for a major multinational bank, and asked permission to publish it. Since the manuscript was critical of Greenspan and his policies, and stated clearly where they would probably lead us, permission was not granted. At that time, major financial institutions hesitated to challenge Greenspan, and they were very cautious about allowing any of their employees to do so in a public forum. Now that I have left the bank, and the result of Greenspan's policies have been realized, I have decided that it is time to air these opinions and share some of my concerns and suggestions for the future. This is, to be sure, not as timely now as it would have been then. However, it would be presumptuous of me to suggest that publishing this book at that time would have made any difference in what subsequently has taken place-individuals with more authority than mine tried to warn the financial community of the impending disaster, and it is now obvious that they were not listened to. ... The case against Alan Greenspan will have to stand on the evidence presented; it's up to you to decide just how egregious Greenspan's errors of judgment were and whether or not what I have said here convinces you that proper analysis of the situation at the time would have forestalled the current crisis.

Maestro, My Ass!

Business & Money

Ashton, Michael

Economics

Groundbreaking Press

The expert guide to understanding and surviving monetary failure 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. <ul>
<li>Track the history of monetary value</li> <li>Consider how money could die slowly or quickly</li> <li>Learn investment strategies for both slow and quick scenarios</li> <li>Examine potential causes of erosion of trust in the monetary system, and the chilling results of such erosion</li> </ul>
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.

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

Finance

wiley

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