The Money Mystery: The Hidden Force Affecting Your Career, Business and Investments, 2nd ed. (Maybur

Can we help?:

• Ask us a question
• Submit a Product Review
• Send to a Friend
• Schedule a Gift Reminder

Genre: Money; Business/Economics; Business and Economics; Business / Economics / Finance; Money and Monetary Policy; Business and Investing / Economics; Financial security; Monetary Policy;

Average Review: 4.5 stars

Review: Excellent Primer In Economics - Very Informative : Excellent primer in economics, that is for the layman like myself. In lucid, clear terms, Maybury describes the meanings of the demand for money, velocity and inflation and how it affects us from all over the world. In this, low velocity exists in the low volume of currency being transferred due to persons holding on to their money, while high velocity exists in higher volumes of money transfer. And while the government inflates the money supply to pay for their expenses, inflation occurs which can lead to the second stage of devalue and inflation and third stage of runaway inflation. And so the government then raises interest rates and stops printing in attempt to slow down the inflation, which usually brings on a recession. It is here where many businesses are adversely affected from expansion from the inflation, only to be severely affected during the recession. In this, Maybury brings out the history lesson from the French, prior the revolution, from over inflating the money supply and the subsequent results of runaway inflation; the end result was a new government with a dictator, Napoleon. And the history of President Carter's freeze on Iranian assets in response to the hostages held for the U.S. protection of the overthrown Shah. And so such a freeze caused panic in the other Arab countries, who could not liquidate their assets so quickly as they were bound in real estate and other non-liquid holdings. And then Carter's embargo on Russia from her invasion in Afghanistan also created a panic in the economy, the dollar way down, gold way up. Lessons to learn. Helpful advise is given on how to invest - short term, on what to watch for, the curve in interest. A great theory is given on what has been happening over the recent years. The ideas are that the U.S. has been issuing bonds with greater interest which people buy and subsequently hold on to. This way the government can print to their hearts desire and not increase the velocity and inflation and the deficit can go up to unlimited degrees. But this however will bottom out one day when people become aware. And when that does, look out, there will be runaway third stage inflation - a disaster. So there are things to do and watch for and Maybury is truly beneficial and helpful, significant advice, knowledge and insight to be more alert in what to watch for. What also is highly recommended are Maybury's other books in economics, "What ever Happened to Penny Candy?" and "The Clipper Ship Strategy."