Code Red

Wall Street Journal Bestseller Valuable insights on monetary policies, their impact on your financial future, and how to protect against them Written by the New York Times bestselling author team of John Mauldin and Jonathan Tepper, Code Red spills the beans on the central banks in the U.S., U.K., E.U., and Japan and how they've rigged the game against the average saver and investor. More importantly, it shows you how to protect your hard-earned cash from the bankers' disastrous monetary policies and how to come out a winner in the irresponsible game of chicken they're playing with the global financial system. From quantitative easing to zero interest rate policies, ZIRP to the impending currency wars, runaway inflation to GDP targeting, authors Mauldin and Tepper achieve the impossible by not only explaining global monetary policy and its consequences in plain English, but also making it compelling reading. Outlines time-tested strategies for surviving and thriving in these tumultuous times Addresses how issues such as quantitative easing, financial repression, currency wars, bubble economies, and inflation impact our everyday lives as well as our financial future Written by a team of bestselling authors and experts in this dynamic field How did we get here and where are we headed? What can you do to insulate yourself against, and profit from, economic upheaval and secure your financial future? Find out in Code Red.

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