The Everything Bubble: The Endgame For Central Bank Policy
- Downloads：9018
- Type：Epub+TxT+PDF+Mobi
- Create Date：2021-05-27 11:54:43
- Update Date：2025-09-06
- Status：finish
- Author：Graham Summers
- ISBN：197463406X
- Environment：PC/Android/iPhone/iPad/Kindle
- Download
Summary
The Everything Bubble chronicles the creation and evolution of the US financial system， starting with the founding of the US Federal Reserve in 1913 and leading up to the present era of serial bubbles: the Tech Bubble of the ‘90s， the Housing Bubble of the early ‘00s and the current bubble in US sovereign bonds， which are also called Treasuries。 Because these bonds serve as the foundation of our current financial system， when they are in a bubble， it means that all risk assets （truly EVERYTHING）， are in a bubble， hence our title， The Everything Bubble。 In this sense， the Everything Bubble represents the proverbial end game for central bank policy: the final speculative frenzy induced by Federal Reserve overreach。
The Everything Bubble book is the result of over a decade of research and analysis of the financial markets and economy by noted investment analyst， Graham Summers， MBA。 As such， this book is intended for anyone who wants to understand how the US financial system truly operates as well as those interested in the Federal Reserve’s future policy responses when the Everything Bubble bursts。 To that end， The Everything Bubble is divided into two sections: How We Got Here and What’s to Come。 Combined， these sections represent a blueprint for all things finance and money-related in the United States。 This knowledge is now yours
The Everything Bubble book is the result of over a decade of research and analysis of the financial markets and economy by noted investment analyst， Graham Summers， MBA。 As such， this book is intended for anyone who wants to understand how the US financial system truly operates as well as those interested in the Federal Reserve’s future policy responses when the Everything Bubble bursts。 To that end， The Everything Bubble is divided into two sections: How We Got Here and What’s to Come。 Combined， these sections represent a blueprint for all things finance and money-related in the United States。 This knowledge is now yours
Reviews
Walter Herrera
，
timely warningThis book does a great job of telling the reader how the government could possibly take all of their money in the event of a massive bank failure。 However， it gives us no information on how to sidestep financial doom。 For this reason， I give it four stars！
Martina Liskova
，
I enjoyed the historical perspective。 The book is written so that people with very little finance/economics background can understand it。 I didn't enjoy the manic tone。 I enjoyed the historical perspective。 The book is written so that people with very little finance/economics background can understand it。 I didn't enjoy the manic tone。 。。。more
Patrick
，
Mixed feelings about this book; the author freely admits that many of his proposals sound crazy， but using some historical and perhaps anecdotal evidence， some decent theories were outlined。 I think the book did a great job of explaining the background of interest rates， bond yields， etc in a non-technical way， but there's a constant background alarm blaring。 GOOD。GOD。ALMIGHTY。 After 2008 and 2020， I really hope his predictions don't come true; I'm tired of living in unprecedented times。 Mixed feelings about this book; the author freely admits that many of his proposals sound crazy， but using some historical and perhaps anecdotal evidence， some decent theories were outlined。 I think the book did a great job of explaining the background of interest rates， bond yields， etc in a non-technical way， but there's a constant background alarm blaring。 GOOD。GOD。ALMIGHTY。 After 2008 and 2020， I really hope his predictions don't come true; I'm tired of living in unprecedented times。 。。。more
Alexander Walsh
，
I thought I would enjoy this one。 I was expecting insight on the Fed and its role in the future devaluation of the USD。 I have to say， I was more than a little disappointed。 At any point the author has an opportunity to provide thoughtful context or discourse， he instead opts to take the easy road out with smart-alleck comments。 He takes potshots at everyone from Roosevelt to Greenspan， without providing historical context or giving consideration to the alternatives。 More than anything， the book I thought I would enjoy this one。 I was expecting insight on the Fed and its role in the future devaluation of the USD。 I have to say， I was more than a little disappointed。 At any point the author has an opportunity to provide thoughtful context or discourse， he instead opts to take the easy road out with smart-alleck comments。 He takes potshots at everyone from Roosevelt to Greenspan， without providing historical context or giving consideration to the alternatives。 More than anything， the book demonstrates a lack of knowledge and lack of maturity。 The decline of the USD will play out within our lifetimes， and there are many great books out there on the subject。 Sadly， this was not one of them。 。。。more
scott a bresnick
，
Scary great information I liked the facts， the point of view and the valuable information。 A great reminder of how our financial “system “ is just that- a systematic and progressive evolution of what currency resell is or not。
Kathleen A。 Fuller
，
Financial Titanic is approachingProvocative yet the factual history brings out the stark realism of the roadmap of our destiny。 I don't wish to knowwhat's after "the everything bubble" Financial Titanic is approachingProvocative yet the factual history brings out the stark realism of the roadmap of our destiny。 I don't wish to knowwhat's after "the everything bubble" 。。。more
Nicolas Barbin Selander
，
Reads with great humour and enthusiasm， I never though monetary policy could be so interesting。
Chris Chang
，
An interesting perspective on the Federal Reserve's historical approach。 I found the concept of cascading bubbles to more senior asset classes particularly interesting。。。and alarming。 As with any prediction one should be cautious about accepting the details uncritically， but the book nevertheless lays out some possibilities with historical precedent。 An interesting perspective on the Federal Reserve's historical approach。 I found the concept of cascading bubbles to more senior asset classes particularly interesting。。。and alarming。 As with any prediction one should be cautious about accepting the details uncritically， but the book nevertheless lays out some possibilities with historical precedent。 。。。more
Callum Melrose
，
Solid book with a great thesis， we are definitely heading for a bubble of a huge magnitude。 It's not a question of if the bubble will pop， it's when。 Solid book with a great thesis， we are definitely heading for a bubble of a huge magnitude。 It's not a question of if the bubble will pop， it's when。 。。。more
AndBank
，
Still reading。 Already giving 5 stars。
Jay Pruitt
，
"。。。the ENTIRE $60 trillion in debt securities floating around the US financial system is vulnerable to debt deflation when the Everything Bubble bursts。"Imagine the scenes from Apocalypse Now， or maybe The Grapes of Wrath。 We're talking the financial end of everything we have grown accustomed to in this country。 This book paints a very dire picture of what will happen when the current debt bubble bursts。 This financial bubble， inflated by gads of digitally-created dollars pumped out of the "。。。the ENTIRE $60 trillion in debt securities floating around the US financial system is vulnerable to debt deflation when the Everything Bubble bursts。"Imagine the scenes from Apocalypse Now， or maybe The Grapes of Wrath。 We're talking the financial end of everything we have grown accustomed to in this country。 This book paints a very dire picture of what will happen when the current debt bubble bursts。 This financial bubble， inflated by gads of digitally-created dollars pumped out of the Fed and into Everything financial， including corporate balance sheets， stocks， bonds， government balance sheets， and even consumer debt。 Upon the smallest of Black Swan events， the stress can rapidly deflate debt， increasing interest rates， causing further defaults， loss of jobs， and the downward drama then feeds on itself。 When the bubble bursts， the author argues， the Fed will have no choice but to take drastic actions to try to re-inflate the bubble。 Such measures will strive to prevent wealthy people from selling financial investments （exacerbating deflation）。 Effectively， it will be a war against holding cash。 There will be NEGATIVE interest rates （you pay the bank for holding your cash for you， or you pay interest if you own a bond）， as they now have in Europe and Japan。 Further， a portion of all cash held in a depository institution （i。e， bank） will be confiscated by the government to shore up any potential bank losses from the bubble。 There will be a tax on all wealth （ala Eliz Warren）。 And， don't think you can stuff cash in your mattress either。 Paying for something with cash means there will be a "cash carry" tax withheld from the purchase。 The author describes how all of these measures have already been discussed as contingency plans。The book is a bit out there （not quite Area 51， but definitely an extreme perspective）。 But， I felt some good points were made and I'm actually a believer that we're headed toward a financial reckoning within the next few years。 Worth reading， just don't invest too much in an underground bunker （yet）。 。。。more
Ian Hulstein
，
Outstanding。 Clearly articulated。 Complex financial wizardry finally explained in clear terms。What a mess this will be when it finally pops。。 =\
William Cranshaw
，
Very easy to read。 Very good background of the circumstances and development of logic into plausible outcomes。 Buckle up！
Lawrence Hung
，
The book explains the "last" economic bubble on earth: the debt。 Put simply， there is too much debt and too little capital。 All that we have today is just mirage in the desert。 And the authority （i。e。 government） will try to find the way to tax you， wealth tax， deposit tax， unclaimed asset tax， inheritance tax （estate duty）， capital gain tax， sales tax， etc。 You name it。 Add in the fact that all these are collected from what remains after company's profit tax （i。e。 it has to be profitable first The book explains the "last" economic bubble on earth: the debt。 Put simply， there is too much debt and too little capital。 All that we have today is just mirage in the desert。 And the authority （i。e。 government） will try to find the way to tax you， wealth tax， deposit tax， unclaimed asset tax， inheritance tax （estate duty）， capital gain tax， sales tax， etc。 You name it。 Add in the fact that all these are collected from what remains after company's profit tax （i。e。 it has to be profitable first before it can pay you） and individual income tax。 The narrative is well paced， supported with many charts and figures to substantiate the author's views。 It explains the problems pretty good。 Get prepared with the coming financial tsunami。 Sadly， the author doesn't offer any solution in the book。 Perhaps like what he said， there wouldn't be many choices。 You just have to choose the lesser evil。 Bear with it。 For that， a review star is knocked off the book from a full five star one。 。。。more
Ryan
，
Great explanation of the impending financial crisis。4/5 stars because it fully and wonderfully describes the problem， but offers no guidance or suggestions about what to do to prepare for what is to come， only what to expect。
Lloyd L Wright
，
A lot of facts are crammed into this book， as well as， a lot of conjecture。 Well written with a plethora of charts it certainly brings an eye-opening look at economic possibilities regarding the massive federal debt。 If you are looking for a tome that will explain where we are， this could very well be it。
Thyme Wisper
，
Every chapter ends with OMGOMG is an understatement。 Finally I understand the acronyms and terminology as a result of reading this book。 More importantly， I have a sense of what is really going to happen， instead of just knowing something is really wrong but unable to articulate it and figure out what I need to do about it。 No tin hat here， but these are scary times。
Rich
，