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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Currency Wars: The Making of the Next Global Crisis
Think this is far-fetched? Could you see Currency Wars ricksrds made into a movie or a TV series? Of course this would never happen if you stack an even bigger power structure on top of that who would try to influence wara Also, I am growing skeptical of his bearish claims.
The purpose of signaling is to allow an orderly re-balancing of trade among international trading partners. It reads like a detective story – which it really is, but it’s all true.
The devaluation of the US dollar relative to other counties’ currencies makes US exports cost less and is intended to spur US economic growth at the expense of its trading partners.
And while most people believe that the economic collapse is over, the reality is that it has only just begun. This audacious and miscalculated prediction perhaps makes him cringe now, though his subsequent books suggest otherwise.
It failed, derailed by politics, special interests, welfare, and warfare. The book paints a pretty terrifying future of the world economy.
The subsequent rambling survey of what Rickards designates as the currency wars of the twentieth century are only cursorily examined, with no footnotes or references. It is most remarkable to read such a prescient book in the midst of what Rickards’ calls the third currency war.
I would recommend this book to people who and interested in how currency is used in war or as a mechanism for economic control. I hope it will not bring about a second depression but the author paints a rather clear scary picture that the current financial system is only delaying their inevitable deathblow. And the next crash is overdue. Free is an outstanding book that should be read and digested by every thinking American voter.
In this case, the rate favours EU nations exporting their goods to Britain as the Euro has depreciated against the Pound and made their goods more desirable in foreign markets e.
Its solutions present hidden new dangers while resolving none of the current dilemmas. Nevertheless, beyond the economics, Rickards also demonstrates a flair for understanding the political development of the last seven years.
Jul 27, Kirk Houghton rated it really liked it. The book follows a mundane chronological structure that seems labored. What members say Average Customer Ratings Overall. Not a word of the audiobook lacked in relevance: Peter Schiff Narrated by: Dec 24, C.
Currency Wars: The Making of the Next Global Crisis by James Rickards
After trial, you’ll get 3 titles each month: But none of these concerns compare to the ineptitude of the Federal Reserve Bank of New York, which has constantly failed on price stability, unemployment and regulation. Currency War I 2. James Rickard is great and easy to understand. But while much of the book does indeed focus on competitive devaluation, what Currency Wars really boils down to is James Rickards’ love affair with the gold currencj, and, to a lesser extent, his libertarian values and pride in ‘Murica “a curreency whose moral values are historically exceptional”, my ass.
The Making of the Next Global Crisis is ostensibly that: For example, Richards correctly cites the lack of regulation as being a key component to the banking crisis of And they fall short. China could easily swap the long-term maturities for short-term redemptions and call in the liabilities.
He even goes so far to suggest, an all out physical war could erupt among international blocks of trading partners to physically re-balance trade. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds.
It’s a great book where non specialists will derive a thorough education and specialists could be forced into insightful paradigm shifts. So Currency Wars has been quite an education for me, and a very interesting one.