Currency Wars: The Making of the Next Global Crisis [James Rickards] on *FREE* shipping on qualifying offers. In , President Nixon imposed. Written by James Rickards, Audiobook narrated by Walter Dixon. Sign-in to download visiting Audible? Get this book free when you sign up for a day Trial. Currency Wars book summary Start free 3-day trial Financial counselor, investment banker and risk manager James Rickards believes that every dollar.
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Sep 25, Beth rated it it was amazing. I like his vision of how the collapse of the dollar may finally happen but I think holding any optimism for diverting that disaster is naive. Because most are frozen into inside-the-box thinking, few investors will ride the next move as silver and gold skyrocket in the years ahead.
The ricjards is simple and the battle lines are drawn when you consider the effect and purpose of QE: Thanks for telling us about the problem.
I’m no economist, but I found this book extremely insightful and level headed. The Silver Manifesto By: Very interesting and detailed. It will scare you. Rickards quickly follows it with a financial war game he participated in at the Currency. Item s unavailable for purchase.
Great Book Really liked the content and its in-depth analysis on the subject of Currency Manipulation frse the Countries to gain edge over others. You couldn’t get a better unbiased expert.
Publisher’s Summary InPresident Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U. He was predicting the same dire consequences inthat he does in Death of Money. The performance was sober but not monotonous, which is very fitting for a work jamess such depth.
Jan 31, Ryan Prenger rated it did not like it. Minor complaints for such a compelling book.
Currency Wars: The Making of the Next Global Crisis
You’ve successfully reported this review. While the outcome of the new rickagds war is not yet certain, some version of the worst-case scenario is almost inevitable if U. What other book might you compare Currency Wars to and why?
The book follows a mundane chronological structure that seems labored. Increasing the riskiness of this bet is that each national economy is starting from a relatively different position of strength.
Currency Wars: The Making of the Next Global Crisis by James Rickards
Who would the stars be? Greater than any single threat is the very real danger of the collapse of the dollar itself. Take this summary with you and read anywhere! From the Hardcover edition. Although its hard to predict the next but still we can position ourselves in such a manner to get benefit from next such crisis or manipulation. I never did develop a real interest in macroeconomics topics though I got a degree in economics, probably due to the concepts were quite far away from my twenty-something mind and life.
The devaluation of the US dollar relative to other counties’ currencies makes US exports cost less and is The author did a good job of explaining the history and politics of currency wars, and yes, there are always nationalistic politics involved. The Making of the Next Global Crisis is also a welcome history of twentieth century monetary policy and an excellent introduction to the basic economics of trade amongst nations.
But he takes a detour to describe in detail the two currency wars that happened in the last century and an imminent third one, and never really comes back to the simulation. Today we are engaged in a new currency war, and this time the consequences will cjrrency far worse than those that confronted Nixon.
James Rickard is great and easy to understand. Danielle DiMartino Booth Narrated by: Paul Volcker, Christine Harper Narrated by: Sep 03, JR rated frse liked it. However, taxation without spending is a powerful tool the government can use to reduce the overall money currecny, providing a deflationary pressure to offset the inflation. Rickards then explains why the complexity of the current world makes Bernanke’s social experiment in trying to reflate the economy by printing money extremely dangerous.
Currency Wars (Audiobook) by James Rickards |
It sounds a bit over the top, but entertaining and even fascinating enough to make you want to continue. Give as a gift. The Fed’s gamble on QEs seems to have worked out fine and the world might have jamew the bullet so farbut who knows when that last snowflake going to fall and trigger the avalanche. There’s a lot of fluff in the middle before he consolidates his arguments for a gold backed dollar in the final chapter, or even better – gold coins.
The impact exchange rates and interest rates have on the world is truly incredible.
Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed.
James brings a lot of things to the table. InPresident Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.
Would you jamees to Currency Wars again? He favors a return in some form to a gold standard – a hotly debated topic since the Nixon era