Code Red: How to Protect Your Savings from the Coming Crisis

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Overview

We're all guinea pigs in a grand monetary experiment beingperformed by the world's central banks. Quantitative easing,zero-percent interest rates, nominal GDP targeting, and other "CodeRed" policies introduced by central bankers to pull the globaleconomy back from the brink of collapse have remained in place longpast their expiration date, setting the stage for potentialdisasters ahead.

While the outcome remains unclear, the fallout from the grandexperiment is already affecting ...

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Overview

We're all guinea pigs in a grand monetary experiment beingperformed by the world's central banks. Quantitative easing,zero-percent interest rates, nominal GDP targeting, and other "CodeRed" policies introduced by central bankers to pull the globaleconomy back from the brink of collapse have remained in place longpast their expiration date, setting the stage for potentialdisasters ahead.

While the outcome remains unclear, the fallout from the grandexperiment is already affecting our quality of life and futureprospects. While the wealthy continue to see their wealth soar toall new heights, real economic growth remains elusive and thestandard of living is in decline for the majority of us. Savers nowreceive close to zero-percent interest on their savings, while theprice of gasoline, rent, and groceries climb steadily. Withgovernment bond yields now trading well below the level ofinflation, those who rely on pension funds and bonds for theirretirement are being forced to seek whatever jobs they can find tohelp make ends meet. At the same time uncertainty is now the rulein the financial markets—especially in the emergingmarkets—and in a process authors John Mauldin and JonathanTepper liken to "picking up dimes in front of a steamroller,"investors are chasing after riskier and riskier investments inpursuit of some small return on their investments.

In Code Red, John Mauldin and Jonathan Tepper perform anamazing feat: not only do they bring monetary policy down to earthfor the average saver and investor, they make subjects such asquantitative easing, financial repression, currency wars, bubbleeconomies and inflation, and their impact on our everyday lives andfinancial futures, compelling reading.

Just as importantly, they arm you with time-tested strategiesfor surviving and thriving in these tumultuous times. You'lldiscover how to spot and capitalize on market bubbles. And you'lllearn proven money management techniques for insulating yourselfagainst inflation, reducing risk through diversification, profitingfrom precious metals, commodities, and other real assets throughmanaged futures funds, and more.

At this point it's anybody's guess if current monetary policieswill succeed in creating sustained growth or if they will failmiserably leading the world into high levels of inflation. What iscertain though is that those policies are producing all sorts ofunintended consequences—most of them bad for the average saverand investor. Read Code Red and find out what the centralbankers would rather you didn't know and how to protect yoursavings from the coming crisis.

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Editorial Reviews

From the Publisher
“If you read only one book on finance this year, make itCode Red: How to Protect Your Savings from the ComingCrisis, by John Mauldin and Jonathan Tepper, authors of thebestseller Endgame, which delved into the 2008collapse.”—Forbes magazine
From the Publisher

“If you read only one book on finance this year, make it Code Red: How to Protect Your Savings from the Coming Crisis, by John Mauldin and Jonathan Tepper, authors of the bestseller Endgame, which delved into the 2008 collapse.”—Forbes magazine

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Product Details

  • ISBN-13: 9781118783726
  • Publisher: Wiley
  • Publication date: 10/28/2013
  • Edition number: 1
  • Pages: 368
  • Sales rank: 229,890
  • Product dimensions: 6.30 (w) x 9.10 (h) x 1.20 (d)

Meet the Author

JOHN MAULDIN is Chairman of Mauldin Economics(www.MauldinEconomics.com), an economic and investment strategyresearch firm, and President of Millennium Wave Investments, a U.S.registered investment advisor and FINRA registered broker-dealer.John is a renowned financial expert, a New York Timesbestselling author, a pioneering online commentator, and thepublisher of Thoughts from the Frontline, one of the firstpublications to provide investors with free, unbiased informationand guidance and one of the most widely read investment newslettersin the world. Each week a million readers turn to John Mauldin togain a better understanding of Wall Street, global markets, and thedrivers of the world economy. John is a regular contributor toseveral financial publications and is a frequent guest on CNBC,Bloomberg TV, and Yahoo's Daily Ticker. He is a keynote speaker atconferences around the world. John is the father of seven children(five adopted) and lives in a high rise in Dallas, Texas.

JONATHAN TEPPER is the Chief Editor of Variant Perception(www.variantperception.com), a macroeconomic research group thatcaters to hedge funds, banks, and family offices. He is thecoauthor, with John Mauldin, of Endgame: The End of the DebtSupercycle, a book on the sovereign debt crisis. Jonathan hasworked as an equity analyst at SAC Capital and as a Vice Presidentin proprietary trading at Bank of America. In addition, he is afounder of Demotix, a citizen-journalism website and photoagency which he sold in 2012 to Corbis, a Bill Gates-owned company.In 2012, Jonathan was a finalist for the Wolfson Economics Prize,an open challenge for economists to find the most efficient andleast disruptive way to break up the euro. Jonathan is an AmericanRhodes Scholar. He lives in London but travels frequently to theU.S., Europe, and Asia to speak at conferences. He earned a BA withhighest honors in economics and history from the University ofNorth Carolina at Chapel Hill, and an MLitt in modern history fromOxford University.

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Table of Contents

Acknowledgments ix

Introduction: Code Red 1

Part I 11

Chapter One: The Great Experiment 13

Chapter Two: Twentieth-Century Currency Wars: The Barbarous Relic and Bretton Woods 33

Chapter Three: The Japanese Tsunami: Starting a Currency War 57

Chapter Four: A World of Financial Repression 91

Chapter Five: Arsonists Running the Fire Brigade 117

Chapter Six: Economists Are Clueless 133

Chapter Seven: Escape Velocity 171

Chapter Eight: What Will Happen When It All Goes Wrong 201

Chapter Nine: Easy Money Will Lead to Bubbles and How to Profit from Them 221

Part II: Managing Your Money 251

Chapter Ten: Protection through Diversification 253

Chapter Eleven: How to Protect Yourself against Inflation 271

Chapter Twelve: A Look at Commodities, Gold, and Other Real Assets 301

Conclusion 319

Afterword 325

Notes 341

About the Authors 343

Index 345

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Customer Reviews

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