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The Great Money Bubble: Protect Yourself from the Coming Inflation Storm
"I urge everyone to read this important new book.”—Ron Paul, Host of Ron Paul Liberty Report
Americans are facing sticker shock at every from the gas pump to the grocery store and every kind of consumer service. But the eye-popping price increases are just the tip of the iceberg in terms of the threat to the country’s economic recovery. Inflation showers windfalls on the rich while penalizing workers, savers, retirees, small businesses, and most of Main Street economic life.
New York Times bestselling author and former investment manager David A. Stockman, who served as director of the Office of Management and Budget under President Reagan, explains the roots of today’s runaway inflation so investors at all levels can calibrate their financial strategies to survive and thrive despite economic uncertainty.
The Great Money Bubble covers the entire economic landscape,
Why the rising price of assets is far more dangerous than rising consumer pricesThe inside story on stock market manipulations and the effects of ultracheap debtWhy real estate is no longer a guaranteed inflationary hedgeStockman’s four-step strategy to protect your savings and portfolio After spearheading the economic policy for the Reagan Revolution, Stockman worked on Wall Street at the highest levels, and is now an adviser to professional investors. With this book, readers at all investment levels can have access to his groundbreaking financial advice.
Americans are facing sticker shock at every from the gas pump to the grocery store and every kind of consumer service. But the eye-popping price increases are just the tip of the iceberg in terms of the threat to the country’s economic recovery. Inflation showers windfalls on the rich while penalizing workers, savers, retirees, small businesses, and most of Main Street economic life.
New York Times bestselling author and former investment manager David A. Stockman, who served as director of the Office of Management and Budget under President Reagan, explains the roots of today’s runaway inflation so investors at all levels can calibrate their financial strategies to survive and thrive despite economic uncertainty.
The Great Money Bubble covers the entire economic landscape,
Why the rising price of assets is far more dangerous than rising consumer pricesThe inside story on stock market manipulations and the effects of ultracheap debtWhy real estate is no longer a guaranteed inflationary hedgeStockman’s four-step strategy to protect your savings and portfolio After spearheading the economic policy for the Reagan Revolution, Stockman worked on Wall Street at the highest levels, and is now an adviser to professional investors. With this book, readers at all investment levels can have access to his groundbreaking financial advice.
235 pages, Kindle Edition
Published October 4, 2022
24 people are currently reading
49 people want to read
About the author
David A. Stockman
10 books50 followersDavid Alan Stockman is a former U.S. politician and businessman, serving as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985).
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Displaying 1 - 6 of 6 reviews
February 4, 2024
An important and disturbing book that analyzes, synthesizes, and contextualizes the Fed-fueled financial madness that has occurred over the last 15 or so years. Every adult should read this book.
We've all sensed that all the markets are crazy, but few have the depth of historical understanding, policy experience/background, and technical financial skills required to make sense of all the connected issues. David Stockman has the qualifications and does a magnificent job showing how this modern day global casino has been built and propped up for so long. He also shows where its going (SPOILER: It isn't good--since everything has a positive correlation of 1, there is no place to hide). It's not all doom and gloom, though. Mr. Stockman provides a few recommendations that ordinary people can implement to prepare for the coming correction to the financial system when the day of reckoning comes for the wholesale out-of-control inflation of corporate assets.
If you're not familiar the jargon of finance and markets, this book will be intimidating and sometimes a bit hard to follow. You might be a little overwhelmed even if you are familiar with those terms! However, even if you're a finance neophyte, you'll learn a few things by reading this book and will certainly be able to grasp the author's major takeaways. This hard-hitting and technical intimidation factor is the only reason why I gave the book 4 stars. In some ways, that lends to the books authenticity and credibility, which inclines me to give 5 stars due to the importance and urgency of the subject.
This book fills a critical gap by explaining the enormous volatility of the U.S. financial system and global markets by showing how they have been manipulated and gamed at the highest levels and by explaining where this will eventually lead. Read it soon!
We've all sensed that all the markets are crazy, but few have the depth of historical understanding, policy experience/background, and technical financial skills required to make sense of all the connected issues. David Stockman has the qualifications and does a magnificent job showing how this modern day global casino has been built and propped up for so long. He also shows where its going (SPOILER: It isn't good--since everything has a positive correlation of 1, there is no place to hide). It's not all doom and gloom, though. Mr. Stockman provides a few recommendations that ordinary people can implement to prepare for the coming correction to the financial system when the day of reckoning comes for the wholesale out-of-control inflation of corporate assets.
If you're not familiar the jargon of finance and markets, this book will be intimidating and sometimes a bit hard to follow. You might be a little overwhelmed even if you are familiar with those terms! However, even if you're a finance neophyte, you'll learn a few things by reading this book and will certainly be able to grasp the author's major takeaways. This hard-hitting and technical intimidation factor is the only reason why I gave the book 4 stars. In some ways, that lends to the books authenticity and credibility, which inclines me to give 5 stars due to the importance and urgency of the subject.
This book fills a critical gap by explaining the enormous volatility of the U.S. financial system and global markets by showing how they have been manipulated and gamed at the highest levels and by explaining where this will eventually lead. Read it soon!
March 8, 2024
"Suddenly higher interest rates will spark a selloff in stocks, causing capital to rush out of both the stock and bond markets at once. The only constant in any of these scenarios is likely to be chaos, at least in the short term." - David Stockman
It is now March 8, 2024, interest rates are the highest they've been in over 20 years, and the stock market is making new record highs every week it seems... I'm pretty sure you got this one really wrong David.
As for the book as a whole, I thought it was pretty entertaining. David to me seems like a washed up short seller from the days when you could actually sell shorts, but nowadays though, stonks only go up, and David is in complete denial of this fact.
Don't get me wrong, I'm not stupid David, I know the system is busted, but until it somehow gets fixed, the price to earnings ratios of most of these stocks mentioned in your book will keep getting more and more insane to the upside.
Oh, and I think you still have too much faith in the fiat money system. It has been broken ever since we left the gold standard system behind as you mentioned in your book. With that being said, I think you should do more research on Bitcoin, because I don't think you fully understand it. If you did, you'd realize it could actually fix the broken system you despise so much, because central banks can't print more of it.
It is now March 8, 2024, interest rates are the highest they've been in over 20 years, and the stock market is making new record highs every week it seems... I'm pretty sure you got this one really wrong David.
As for the book as a whole, I thought it was pretty entertaining. David to me seems like a washed up short seller from the days when you could actually sell shorts, but nowadays though, stonks only go up, and David is in complete denial of this fact.
Don't get me wrong, I'm not stupid David, I know the system is busted, but until it somehow gets fixed, the price to earnings ratios of most of these stocks mentioned in your book will keep getting more and more insane to the upside.
Oh, and I think you still have too much faith in the fiat money system. It has been broken ever since we left the gold standard system behind as you mentioned in your book. With that being said, I think you should do more research on Bitcoin, because I don't think you fully understand it. If you did, you'd realize it could actually fix the broken system you despise so much, because central banks can't print more of it.
August 21, 2023
great book on what went wrong
Pick up a copy and learn how we got into this financial mess. When I finished this book, I am wondering why we have a Federal Reserve system. This book will have you asking questions you should be asking yourself and sharing with others.
If you want a great book about the Federal Reserve and how it was formed. Please read The creature from Jekyll Island.
Pick up a copy and learn how we got into this financial mess. When I finished this book, I am wondering why we have a Federal Reserve system. This book will have you asking questions you should be asking yourself and sharing with others.
If you want a great book about the Federal Reserve and how it was formed. Please read The creature from Jekyll Island.
January 31, 2023
Very disappointing. I thought it was supposed to offer good advice on what to do in preparation for an economic crash. Instead it’s 13 chapters of the history of how our economics have gotten us to the point of a crash and then one chapter of advice I’ve heard over and over… get out of debt, set aside cash savings that you can easily get to, transfer your money to safe investments.
December 29, 2022
Very good book
A well written book and very informative. I enjoyed very much. I would hope thiings go better than envisioned but one never knows!!!! I recommend this book.
A well written book and very informative. I enjoyed very much. I would hope thiings go better than envisioned but one never knows!!!! I recommend this book.
April 11, 2023
Right book at the Right Time
It’s clear the Fed and other so called money experts have made a mess of the financial system in the US and across the world. The days of easy money are gone. David Stockman provides facts about the financial bubble that exists. I highly recommend this book to anyone wondering about the real state of our economic and financial situation and how to best navigate it.
It’s clear the Fed and other so called money experts have made a mess of the financial system in the US and across the world. The days of easy money are gone. David Stockman provides facts about the financial bubble that exists. I highly recommend this book to anyone wondering about the real state of our economic and financial situation and how to best navigate it.
Displaying 1 - 6 of 6 reviews