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Myth of Money Tatiana Koffman

Myth of Money By Tatiana Koffman

Myth of Money by Tatiana Koffman


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Myth of Money Summary

Myth of Money: Breaking Out of the Failing Financial System by Tatiana Koffman

In Myth of Money: Breaking Out of the Failing Financial System, renowned finance, crypto, and economics thought leader Tatiana Koffman delivers an insightful and informative take on the past, present, and future of money, and the rise of cryptocurrencies as a transformative force in the financial world.

Koffman has witnessed multiple financial collapses firsthandbeginning with the fall of the USSR, when her family lost everything, followed by the subprime mortgage crisis that marked the start of her new career, and then the economic fallout of COVID-19. As Bitcoin gains its footing globally, she has observed its meteoric rise and catastrophic falls with a keen understanding that these are early steps of a system poised to redefine finance.

Navigating her way from traditional finance and into the realms of venture capital, crypto, and digital assets, as she writes about fintech, Koffman's journey takes us from Eastern Europe to Canada, to Bitcoin Beach in El Salvador, to Lebanon, Dubai, Africa, Necker Island, and back to the States. Along the way, she shares hard-earned lessons about the myths surrounding money, even those emerging in the new digital era.

Throughout the book, her stories are paired with clear explanations and discussions of technical aspects of finance, in her trademark voice of clarity, incisively cutting to the core of complex topics in a relatable and easy-to-digest manner.

Koffman's unique perspective, drawn from her global experience and deep understanding of economic upheavals, makes Myth of Money an essential read for anyone interested in the future of finance and the potential of cryptocurrency to take the place of a system we can no longer rely on to create and safeguard wealth.

About Tatiana Koffman

TATIANA KOFFMAN is a recognized thought leader and speaker in finance and technology, an angel investor, author, and curator of the weekly newsletter MythOfMoney.com. Her work has been featured in Forbes, CoinDesk, CNBC, and The Economist. She is a General Partner at the digital assets investment firm Moonwalker Capital.

Table of Contents

Acknowledgments ix

Introduction: My Journey to Freedom 1

1 Drawing Back the Iron Curtain 7

Roots of Resilience 8

The Fall of the Soviet Empire 9

The Birth of Property Rights in the East 14

Childhood Lessons: Its a Hard-Knock Life 16

Russian Run on the Banks 18

Go West: Starting a New Life in North America 20

College Years: A Philosophers Chair 22

MONEY MYTH #1: Your past defines your future 24

2 The Modern Boiler Room 27

Girl on the Trading Floor: The Lows of High Finance 28

David and Goliath: Navigating the Investment Banking World 34

Sweating the Swap Desk: Fixed Income 38

Big, Smart Money: Stocks and Equities 41

Stepping Off the Merry-Go-Round 45

MONEY MYTH #2: Banks exist for our benefit 47

3 The Culture of Money 49

From Linkin Park to The Chainsmokers: Music and the Art of Venture Capital 53

Y Combinator and the Venture Capital Framework 55

Unicorns, Kardashians, and the NFT Revolution 60

MONEY MYTH #3: Making money has to be boring 68

4 The Money Printer 71

The Journey to My Parents Basement 71

Key Schools of Economic Thought 75

A Creature Awakes: The Federal Reserve Steps In 78

The Money Printer Goes Brrrrr 84

The K-Shaped Recovery 87

Flight to Safety 89

MONEY MYTH #4: Regular people dont need to understand economic policy 90

5 Once Upon a Time in El Salvador 93

The Birth of Bitcoin 94

A Love Story: Bitcoins First Circular Economy 100

The First Country to Make Bitcoin Legal Tender 106

MONEY MYTH #5: Bitcoin is a scam 110

6 Lebanon on Fire 113

A House of Paper 114

A Brief History of Money 114

WWII: A Financial Systems Overhaul 118

Crisis in Beirut: Hyperinflation Rocks the Boat 121

Hyperinflation: Triggers and Consequences 124

MONEY MYTH #6: All fiat currency is trustworthy 130

7 The Art of a Ponzi Scheme 133

Vegas of the Middle East 134

Im Rich, B*tch: Lessons from Larrys Crypto Suite 137

The Genesis of Cryptocurrencies 145

Washed Up in Monaco 151

Cashing In and Cashing Out 154

MONEY MYTH #7: All cryptocurrencies are good investments 154

8 Leapfrogging to a Decentralized Africa 157

The Fourth Industrial Revolution 158

The Camp David of South Africa: A Presidential Visit 162

A Detour to Necker Island 164

Into the Lions Den: Blockchain Applications Kenya and Nigeria 168

MONEY MYTH #8: Blockchain technologies do not have real-world impact 174

9 Breaking Point 177

When Your Mind and Body Fail: Retreat to Bali 178

Market Collapse: A (Block)chain Reaction 181

The Contagion 184

Soft Landing in a Pool of Quicksand: Quantitative Tightening 185

Behind the Vault Door: There Is Less than You Think 189

Protect Yourself from Economic Turbulence 192

MONEY MYTH #9: Getting rich quickly is easy 194

10 Waking Up from the American Dream 197

The Beginning of the End 199

The American Debt: A Downward Spiral 203

Global De-Dollarization 205

Behind the Battlefield: The Economics of War 209

Bitcoin Is a Silent Protest 216

MONEY MYTH #10: The US dollar is different 217

A Path Forward 219

About the Author 229

Index 231

Additional information

NGR9781394226863
9781394226863
1394226861
Myth of Money: Breaking Out of the Failing Financial System by Tatiana Koffman
New
Hardback
John Wiley & Sons Inc
2024-09-24
256
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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