Download or read book The Mashinsky Method written by Alex Mashinsky and published by Wiley. This book was released on 2022-03-09 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: It may be time to unbank yourself. Your money is not keeping up with inflation, and Fed policy is making it worth less and less. If you believe this to be true, then you need to know how to protect yourself from the largest devaluation the world has ever seen, where trillions of dollars will become worth far less or even worthless as the dollar continues to lose its dominance as the reserve currency of the world. Alex Mashinsky explains the problem and the solution to our economic and financial problem, in simplest terms: our inability to balance the nation check book and relying on cheap borrowed money to live beyond our means will be our downfall. The party was good as long as the rest of the world needed dollars and relied on them to run the world economy, but things are changing, and we will need to change as well. His 7-step method teaches anyone how to protect your assets and how to create compounding yield which makes your money work for you instead of you working for your money. His world view is that money is a confidence game and overnight when the confidence is gone, no one will want to accept money backed only by the U.S. government’s ability to tax us in the future. Unbank Yourself pits heterdoxical Modern Monetary Theory (MMT) and Keynesian economics against the views of frugality, stable money, and Austrian economics. It asks two questions: Has the financial pendulum swung too far? Have we lived beyond our means as a society, and what as individuals should be do about it? The Mashinsky Method suggests a road less travel – until now. He encourages investors to save in a new way—using stablecoins and other crypto such as bitcoin. He suggests you do not need to put all your money into this plan, but just enough so that you have a protection plan long-term. New and emerging asset classes can protect us and. at the same time provide yield and insurance that you cannot get exposure to via traditional stock/bond portfolios.