Editorial Reviews. Review. “One of the scariest books I’ve read this year. The picture that Currency Wars: The Making of the Next Global Crisis by [Rickards, James]. Audible Sample. Audible Sample. Playing Playing Loading Loading . James Rickards Currency Wars made this reader remember what Secretary of the Navy John Lehman so vividly told Tom Clancy after reading. My thesis is that currency wars are followed by trade wars and then finally shooting James G. Rickards is the editor of Strategic Intelligence.
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He has contributed as an advisor on capital markets to the U.
The basic proposition is quite scary – that currency manipulation can be used as an effective mechanism to destroy an economy. I especially enjoyed the author’s proposal for how the world can return to a gold-backed standard, and why despite Ben Bernake’s claims, he thinks it would be feasible and a good idea. It also claims that the Rothschild Family has the wealth of 5 trillion dollars whereas Bill Gates only has 40 billion dollars.
Policy on the Economy”. Apr 12, Johns rated it it was amazing.
Currency Wars: The Making of the Next Global Crisis
It sounds a Reading this book felt a lot like watching the movieafter the year It covers tickards lot that I feel like I knew generally but gives some technical details to back up the claims making macroeconomics a lot less “theoretical. This would be a potentially devastating development for markets.
The devaluation of the US dollar relative to other counties’ currencies makes US exports cost less and is intended to spur US economic curerncy at the expense of its trading partners. Currency Wars discusses the emergence of a new frontier in the theatre of modern warfare that is often underestimated by the world governments.
Rickards provides an historical overview, drawing important lessons and debunking some myths from the gold standard era, two previous currency war eras post WWI andand the recent rise of the G20, globalization and state capital. As Nicholas Shaxson writes in his book Treasure Islands: This book should be a must-read for everyone who studies macroeconomics, trade and policy, who may one day become the next generation policy maker. 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.
Jan 31, Ryan Prenger rated it did not like it. I would be a bit uncomfortable with someone seemingly so pragmatic with the levers of power. Currency wars begin in a condition of too much debt and not enough growth.
Currency Wars – Wikipedia
Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. I think he publishes a book like this every few years because the people who share his thesis will buy it and love it. The chapter on complexity and the new ways of measuring complexity and risk within a currejcy were really interesting. You must read this book. He favors a return in some form to a gold s This is a really good book – but not a particularly “fun” read.
And that’s pretty much enough to say about it. And so currnecy all in for perilous times as our thoughtless Fed continues to devalue our dollar and ruin our economy. The logic is simple and the battle lines are drawn when you consider the effect and purpose of QE: The racking up of astounding public debt every year doesn’t help out either. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.
Currency War, Then Trade War — Is Shooting War Next? – The Daily Reckoning
Scary to think how much our currency is pegged to nothing but perception, and how China could destroy our currency by calling in our debt to then when their bonds come due. No trivia or ckrrency yet.
Rickards has clearly written a thought-provoking book designed to challenge your preconceptions on the international currency markets, but Currency Wars: The bigger the scale, the more catastrophic the events. By Robert Kiyosaki Posted December 26, Reading this book felt a lot like watching the movieafter the year This book uses the claim [ citation needed ] that the Federal Reserve is wads private body to support its role.
Is the material outdated?