The Federal Reserve Board: The Wizards of 0Z: The Men Behind the Curtain

by John Shannon



Book Details

Language : English
Publication Date : 6/30/2005

Format : Softcover
Dimensions : 6x9
Page Count : 120
ISBN : 9781420865004
Format : Hardcover
Dimensions : 6x9
Page Count : 120
ISBN : 9781420864991
Format : E-Book
Dimensions : E-Book
Page Count : 120
ISBN : 9781420865011

About the Book

This book describes the boom of 1998 and 1999.  What a great time for all the American people. Next we move on to the recession of 2003 caused by the Federal Reserve Board raising interest rates to stop what they called “irrational exuberance.”  What financial suffering the Federal Reserve Board has caused.  A brief history of the Federal Reserve Board is next.  Chapter IV lists all the problems the Fed has caused, and there are many including the Great Depression, since it’s creation by Congress in 1913.  Then we ask why the Fed makes so many mistakes with their monetary policy.  Solutions for our economic problems are listed and what the individual can do to protect himself or herself from financial ruin due to Federal Reserve Monetary Policy. 

The Federal Reserve Board The Wizards of Oz: The Men Behind The Curtain, is a must read for everyone.  Every American citizen is affected by The Federal Reserve’s monetary policy.  Whether you are an American worker, an American investor, or an American businessman, knowing the damage the Fed has caused to the economy in the past, and can cause in the future, can save your financial life.  This book can help you prepare for financial success in spite of the Federal Reserve Board’s policy mistakes.


About the Author


John Shannon attended colleges in Boston, Massachusetts during the 1960’s majoring in Accounting.  His first taste of investing came in 1973 during the stock market crash of that time.  He opened his first account at Merrill Lynch in Burlington, Massachusetts putting all his savings in stocks selling at $1 a share. 

Watching the stocks rising in value, and not knowing when or if he should sell, he dusted off his old college Economics textbook and read from cover to cover with a greater interest than ever before.  After numerous trips to the Harvard Book Store to purchase many used Economics books, John spent an average of 6 hours a day in the local public libraries during a 5-year period from 1973 to 1978, reading textbooks, as well as, the Wall Street Journal, Business Week, and other periodicals. 

Economics and investing became a passion.  In 1976 selling stocks at the top of the market and buying gold at $120 an oz, which turned out to be the near low for gold, was the next financial step.  In 1980, when the Regan administration was elected he decided that the gold price would fall so he sold his gold holdings at $750 an oz. 

John successfully predicted the real estate market collapse in 1988 and the stock market crash of 2000.  He has been recommending buying gold recently since it’s low price of $277 an oz a few years ago.  In the mid 1980’s, he was a registered investment advisor for a short period of time.