The Global Curse of the Federal Reserve How Investors Can Survive and Profit From Monetary Chaos

by Brown, Brendan; Pollock, Alex

• ISBN13: 9781137297396
• ISBN10: 1137297395
• Format: Paperback
• Copyright: 2013-03-01
• Publisher: Palgrave Macmillan

Summary

The Global Curse of the Federal Reserve reveals and explores the missing link between the Austrian School of Economics and behavioral finance theory. Monetary instability is the source of the waves of irrational exuberance (sometimes described as "asset price inflation"), which spread so much economic destruction and geo-political turmoil when they break. The largest and most destructive waves in the past 100 years have all been powered by monetary turmoil created by the Federal Reserve. Dr. Brown argues that flawed monetary practice and principlesmost recently in the form of Bernanke-ismhave been responsible for the Fed-made havoc. The author comes to two optimistic conclusions. First, political forces in the US will one day gain sufficient strength to repeal Bernanke-ism. But the new revolutionaries must learn from the mistakes of the first monetarist revolution. Brown argues for the end of the Fed as a policy-making institution. Second, it is possible for investors to build substantial protection for their wealth and even profit from monetary chaos unleashed by the Federal Reservebut this depends on throwing overboard much of the established wisdom about optimal portfolio management.

Author Biography

BRENDAN BROWN is an international economist practicing in London, UK. He has authored many books on international financial topics, including monetary problems in the US, Europe, and Japan, and asset market pricing (including exchange rates) in a global context. The books cover both contemporary trends and historical topics. He was awarded a PhD by the London School of Economics and an MBA by the University of Chicago. Dr. Brown is a regular contributor to Japanese and European financial media.

Table of Contents

How Monetary Chaos Powers Irrational Exuberance
A 100-Year Monetary Disorder
Phobia of Deflation
Manifesto for a Second Monetarist Revolution
US Currency War Machine
Bernanke-ism equals Monetary Lawlessness
The Fed believes in Japan's Great Deflation Myth
How to Survive and Profit from the Fed's Curse