The Everything Bubble: The Endgame For Central Bank Policy

There are many books offering predictions of what may happen to us when the next massive bubble bursts. I bought this book for two reasons:1. The author spells out the specific negative economic consequences we might face when the next bubble hits2. The Kindle book only cost $2.00I read a sample first to get a flavor of his writing style. I could see that the author has a basic grasp of economics (he is an MBA). But to keep it from becoming too dry, he offers opinions about the intentions of his three most evil characters of the last 100 years: Franklin D. Roosevelt, Richard M. Nixon and Alan Greenspan (with an honorable mention to Ben Bernanke). These men were apparently responsible for creating all bubbles. Not only does he blame them for creating the bubbles, but also claims they did so intentionally. Why? Their goal was nothing less than to control the entire world's economy. This reminds me of the guy in the office who suggests your raise was skimpy because the boss probably wants a home in the Hamptons.The author repeats himself constantly and spends the first half of every chapter reviewing what he already covered. I think his target audience must be people who are new to economics or finance. In every chapter he names the same villains again and again. I found myself skimming past his repetitious history rehashes to get to the last section of the book where he offers exactly what may occur to us all - negative interest rates, a war on cash, confiscation of assets, "bail-ins" of bankrupt banks, wealth taxes, consumption taxes, etc. This is worth the price, just to see it spelled out in such gruesome detail. I believe these concepts are not far-fetched at all, save for the evil intentions he assigns to their purposeful occurrence. It does give me a perspective to better protect myself.For a better history of central banks and their performance, I recommend Central Bankers at the End of Their Rope? by Jack Rasmus. I highlighted it to death. He is no fan of central banks either, but he spares you all the hyperbole.

This is easily the very best book written about the actions of the Federal Reserve and the US Bond Bubble and yes, it's going to blow sky high and destroy the world's financial system when it blows.But it is certainly not a book about The Everything Bubble. The author skips Japan and their QE to infinity. He pretty much ignores the EU and their QE to infinity. He missed the incredible subprime auto bubble as well as the student loan scam. There is nary a mention of the stock market bubble or the reemergence of the real estate bubble. So it's great on the bond bubble but that was just to start of The Everything Bubble.As others have pointed out, the book doesn't end, it just stops. It's all well and good to be a prophet but people want to vote for a savior. OK, the Bond Bubble blows up. I want to know what I do then, not just the dingbats in the government who indeed will attempt to steal every cent from the public to maintain the lifestyle they would like to become accustomed to. If the Everything Bubble is the problem, what is the solution?Part One is very well done indeed but there must be a Part Two.

Excellent book. Easy to read and understand. Valuable in terms of looking to future pathways and options for fed and government. Two great sections- How we got here - and what to expect. I only wish there had been a thir section offering some insight or suggestions for how the individual investor might be able to minimize future impact. Maybe a follow up e-book. I rate the book itself at a 5 but knock it down one notch for lacking a third section - call it “What can you do about it” - or “Options for survival” or “How to survive”. I hope that Graham has a follow up in the works.

Although I already knew the history of the Fed and had read many of the books referenced - although I have lived through the blowing of three bubbles, the implosion of two, and am now awaiting the implosion of the third - I never understood the ignorance of central bankers. I mean aren't they the smart guys?This book ties it all together - why the fed did what they did and have then been forced to stay on the same path. I mean, after watching the mistakes of Japan and the BOJ, why repeat them?I saw it happen and I did realize that the Fed was opting for Japan II over Great Depression II in 2009 - but why not a third option?This book explains the trap central bankers are caught in. Unfortunately it also explains what is likely to happen when this, the third central bank bubble, also implodes.Unfortunately it doesn't lay out a specific action plan as for what to do. That's why I only gave it 4 stars.

I have been an economic writer for decades and bought this book hoping to gain a different perspective on the US financial system from someone with an impressive biography.What I received was partisan, hyperbolic, misunderstood blabber (the author in chapter one states explicitly that what he is writing is not hyperbole, which is usually a sign of bull#*%^). The writer is more interested in making headlines than understanding the topic. Disappointing in the extreme.Arguments are presented from a single point of view, seemingly misunderstanding key underlying concepts (I hope he has just left information out intentionally, given some of the jobs he has held; if not it is an example of some of the most irresponsible hiring ever). I would consider this book more as propaganda than information.Anyone who bases their understanding of the monetary system on this book will be a danger to society. Please, if this is you go and read at least three other books on the subject so you can see what I mean. The fact that the author is considered a respected teacher is a joke.I guess I should have expected less from a book written by a quasi politician.

Superb, easy to read with regular recaps throughout the book.Politicians, economists and financial industry ‘so called’ experts should read it several times but alas based on form to date ‘they who need to read it’ will not. Students of politics, finance, economics etc should have this book as compulsory reading.Time to change the financial management of ‘the system’ wherever it might be. Also, Greenspan and Bernanke should hang their heads in embarrassment. Asleep at the wheel or complicit in some of the keys events leading up to 2008 and post 2008.The political insight on the reasons behind who set up the federal reserve, and the actions by Roosevelt and Nixon were a real eye opener in how to let the genie out of the bottle. A big bad genie.

It did repeat a bit but the arguments are sound and the overall construction of the argument is excellent. We are heading into a cashless, zero or negative interest rate world, and the writing in on the wall for even the most myopic.

Worth a read for sure....then buy some gold OUTSIDE of the banking system. Another great read, anything by peter schiff..

Die Gefahren werden deutlich dargestellt, teilweise aber aber für absolute Laien formuliert.In dieser Branche ist es üblich, nach dem Schockfrosten der Leser die große Rettung, die gewöhnlich nur der Autor kennt, zu präsentieren.Die aber fehlt komplett.Und wenn man nach den E-Mail-Kommentaren geht, die mir der Autor regelmäßig zusendet, wundert man sich etwas: fast jede Woche werden Charts (die im Buch übrigens sehr simpel ausfallen und immer arithmetisch sind, was optisch für besondere Dramatik sorgt) gezeigt, aus denen er seit längerem unermüdlich den unmittelbaren Zusammenbruch der Finanzmärkte ableitet, läßt das - alles entscheidende - Timing sehr zu wünschen übrig. Also: lesenswert schon, aber keine Überlebensstrategie erwarten.