QE, Currency Wars and the Barnes and Noble Event Blog

Tonight two topics – one on books and the other on the state of our international financial system (which is the foundation of my latest thriller, The Brink ). Since this blog is about writing and getting your book noticed in the ever-expanding marketing universe, I’ll hit the book topic first.

I had a great weekend with back to back signings in two local Barnes & Noble stores. Since one was a group event where they had several authors appear at the same time and they did their own publicity for it, I did a news release on my second signing at the Lewisville Barnes & Noble (please see yesterday’s blog to read the news release) . One of the tags I used was “Barnes and Noble events” and it got picked up by WordPress’s “Blogs about” service. Our blogs on “Blogs about” won’t stay up there long, it does get some attention, and that’s a good thing.   

 

Now, I’ll show you the money, or what’s happening with the money around the world.

It’s been called “QE” which stands for quantitative easing. Basically, it’s a fancy term that the Federal Reserve and the rest of the world’s reserve banks are using when they print more money. Interest rates are already at rock bottom almost everywhere, so there’s nothing else the bankers can do on that end to pump more money into the international financial system.  So they said, “Hey, wait a second. Let’s just pump more money into the system by making more money and come up with some clever euphamism for it!” Viola, qualitative easing. However, as with anything in politics, some play fair and some don’t. Some countries are printing money, and some aren’t. And this is leading to these “currency wars” or fighting in the international financial system among the players. The ones that aren’t printing money say that the ones that are aren’t playing fair and it affects currency values all over the world. These inflated or deflated currency values affect export and imports, which affect deficits, and everyone is mad at China because they’ve kept the yuan so low for years, and these current wars are just reminding everyone that they should be mad as heck and not take it anymore. Problem is, China is one of the few countries that is actually in the black. And they are making investments all over the world.

I continue to be flabbergasted at the fact that what the bankers are doing across the globe is EXACTLY what the fictional bankers in my latest thriller, The Brink, did to lead up to one very important event that is about to take place when a scrappy, brilliant woman discovers what’s about to happen and decides to do something about it. Her decision leads to her run for her life through Northern Mexico, where she’s discovered by a fugitive cop who decides to help her, thus getting himself sucked into this plot for financial Armageddon.

But there’s one thing here that fiction allows me to do. It allows me to put an evil group behind what’s going on in the international financial system. The Group, as they are called in the book, work behind the scenes to manipulate the system. They are the ones controlling these decisions made by the bankers, which is not to say they are controlling the bankers directly. Rather, they control the system and the bankers have no other options but to do what The Group wants them to do.

But is that what’s going on in the real world? Is there one group that is, for the lack of a better word, gaming the system? In his excellent book, The Big Short, Michael Lewis cast a lens on a few Wall Street outsiders that seemed to read the cards of the financial world better than the rest of the world, and got rich doing so by betting against the market in the run-up to the 2008 financial meltdown. What if the same is going on here again? For a second time? On a much, much bigger, global scale? That’s what The Brink is about. Could what is essentially a small group of people actually control the future of the world economy?

To the keyboards!

Blog pic by Francesco Marino http://www.freedigitalphotos.net/images/view_photog.php?photogid=809

Money ball pic by Salvatore Vuono http://www.freedigitalphotos.net/images/view_photog.php?photogid=659

 

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