Read the Economic Code of Wealth(In English, 2024). $10.
Table of contents.
Prologue.
Publication Right.
1. 1997 Foreign Exchange Crisis vs. 2024 Economic Crisis.
2. The Yuan Crisis China Faces.
3. Japan Rising from the Bubble Collapse.
4. Eurozone Crisis.
5. George Soros' Reasons for Shorting the British Pound.
6. The Fateful Encounters of Carter and Park Chung-hee.
7. The day financial conglomerates completely controlled the U.S. currency issuance.
8. One of the greatest achievements in modern mathematics.
9. Why did the United States abolish the gold standard and why does it continue to buy gold?
10. The reason why President Lincoln was assassinated.
11. To become a strong individual on the platform.
12. The Path of Bitcoin, the Dark Dollar.
13. Why the Industrial Revolution didn't happen in the Qing Dynasty.
14. Caught in the trap of the dollar, China.
15. To solve the problem of the real estate bubble.
16. The reasons for falling into the misconception that real estate would skyrocket.
17. The starting point of real estate speculation becoming serious.
18. The reason for the rise in gold prices.
19. The mastermind behind John Hinckley's attempt on Reagan.
20. โThe culprit behind the Kennedy assassination.
21. Calculating the annualized yield of bonds.
22. The source of America's domination of the world.
23. Why the United States does not experience foreign exchange crises.
24. Bond investment according to interest rates.
25. The beginning of the definitions of bondholders and debtors.
26. If the debtor cannot repay the debt.
27. A good time to buy dollars.
28. The reason bonds and stocks are inversely related.
29. The Dollar Index.
30. โTwo important concepts for reading exchange rates.
31. The Reason for Reading the Flow of International Finance.
32. The reason George Soros became a global investment strategist.
33. The reason West Germany enjoyed high growth due to the Plaza Accord, unlike Japan.
34. The reason for the disappearance of the silver standard.
35. The 10-year US Treasury bond yield and inflation.
Observing the war of wealth.
Into the United States.
Into the United Kingdom.
Into France.
Into Russia.
Into Germany.
Into China.
Into the general theory.
Prologue.
The daily average foreign exchange transaction volume in 2023, as announced by the Bank of Korea, is $65.9 billion.
Excluding spot and forward exchange transactions, most of the transactions are conducted by forces aiming for currency speculation.
Funds move at the speed of light, and if 0.1% of $3 billion moves, it results in a profit of $3 million.
Due to financial liberalization through globalization, exchange rates are determined not only by the movement of goods and services but also by the flow of capital.
International financial transactions precede trade transactions, and money exceeding fifty times the real economy seeks higher returns, searching every corner of the globe.
As it becomes harder to find good returns due to overinvestment and overproduction, companies rely on 'technical trading' and 'momentum investing' for very short-term gains rather than investing based on long-term outlooks and intrinsic value.
Thus, a financial crisis in a specific country spreads to our exchange rate fluctuations or financial crises.
Stiglitz won the Nobel Prize in Economics for his work on the asymmetry of information and the imperfection of markets.
Market imperfections arise from game-theoretic environments caused by gaps in information, leading to interactions between uncertain elements in the understanding of markets and events.
Our decisions, based on human knowledge, result in unintended consequences, but the amount of information gained from failure is greater than from success.
Based on a philosophical understanding of wealth, we read the codes of the economy, amplifying the bidirectional feedback mechanism of error and recursion.
I dedicate this book to Margarete, who is like Beatrice.
On June 18, 2024, in Woohakjae by Nomadsirius.
Author 'NomadSirius' Introduction.
'Sirius' is the brightest star in the night sky.
Its name is derived from the Greek word "Seirios," meaning 'glowing' or 'scorching.'
Imagining Sirius rising just before sunrise, I embark on the classic and humanities-inspired 'Nomad' journey.
With the aim of introducing the essence of Oriental culture to the West, I am planning to publish a series of 333 eBooks, an English Oriental Humanities Glossary, and an aesthetically pleasing English Fantasy novel.
