No one has the time to start from scratch and learn about inflation, the basics of investing, financial instruments, business cycles driven by changes in the supply of money and credit, the fundamentals of the monetary and banking system, and crises caused by inflation and the fractional reserve banking system. Where do you even begin a journey like this, one that is deeply interconnected yet requires knowledge across so many disciplines? The author wrote this book for those who want to understand these fundamental concepts, make sense of the financial crises of past decades, and prepare themselves through saving and investing for what could be the largest financial crisis of this century. Originally from Croatia, the author has, through life and a career in some of Europe's leading financial centers, Luxembourg and Ireland, come to recognize that the same fundamental problems everywhere erode living standards and channel society's wealth into the hands of a minority. Moreover, human nature, which remains constant across time and place, drives excessive debt and ultimately leads to the bursting of overinflated market bubbles. Worse still, many essential lessons are either never taught or have been deliberately obscured by economic theories that serve governments rather than their citizens. You will learn how monetary distortions create cycles of boom and recession through the lens of the Austrian School of Economics, and how these interventions are justified within Keynesian thought. You will explore the destructive potential of debt, which can fuel ever larger cycles that threaten both individuals and nations. The final chapters bring these ideas together by examining major financial crises of the past three decades and presenting an investment framework for navigating a world shaped by central banks' money creation. Drawing on insights from some of the world's most successful investors, you will gain a practical understanding of major asset classes and strategies for managing your portfolio in a cyclical environment. By the end, you will be equipped to recognize market distortions, avoid common pitfalls, and move forward with clarity and confidence. If you didn't know where to begin, you have come to the right place.
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