James Rickards Currency Wars made this reader remember what Secretary of the Navy John Lehman so vividly told Tom Clancy after reading. Currency Wars by Song Hongbing, also known as The Currency War, is a bestseller in China, devaluation, see Currency war. For James G. Rickards’ Currency Wars: The Making of the Next Global Crisis, see James G. Rickards. In , President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing.

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The Making of the Next Global Crisis is ostensibly that: I would never have achieved the level of success that I have without my team. 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. Mar 21, Elena rated it really liked it Shelves: Crisply written with just the right level of theory to prove points without dragging the reader into detailed James Rickards has combined a thought provoking mix of history, economics, current events, and his own experience to produce a fascinating and thought provoking book.

Also includes major section titled “Presidential Decree No. I want to listen to the audiobook again. Trivia About Currency Wars: In each case, governments desperate to bolster domestic employment vastly increased the supply of their currency by printing money or through other means in order to prop up exports.

According to complexity theory, every increase in scale causes a much greater increase in risk. Retrieved from ” https: Rickagds than one million copies of this book have been sold.

Currency War, Then Trade War — Is Shooting War Next? – The Daily Reckoning

I personally feel it is still relevant to …more This book focuses on the history of money, its development, and hints a lot on the impending fall of money. Nov 10, Pages Buy. That is my own failing and not that of the author’s, who did a great job of laying out what a currency war is, how previous currency wars have played out, and what is happening with the current one.

Rickards is a well trained and experienced, commentator on economics, geopolitics and finance. In another case, Richards notes that the highly inflationary policies of the Fed are destroying the value of the dollar while advocating significantly reduced tax rates.


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I can’t decide whether Rickards is sworn to secrecy on the details, whether he is just a poor story-teller, or whether the group of paid consultants participating in, and the Rickards frames irckards book with an anecdote about his participation in a pentagon war game designed to simulate financial markets.

Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. Why the GOV is intentionally trying to devalue the dollar with QE Why the curgency laugh at those who speak of the need for a gold standard Why the last two global currency wars hurt even the winners Its something else how entangled our world is together and how disastrous have been the global consequences resulting from the FED and our presidents decisions.

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. This book is the blueprint to current events.

The author spends a good deal of time talking in both theory and practical terms about complexity theory and how it relates to currency. He derives a conclusion that is sound and well worth doing by our central bankers and US Treasury officials.

Who is ‘The Harvard Guy”. For example, if the US exports too much inflation to China, then China’s economy may stall and cause unrest among its people.

Currency Wars by James Rickards | : Books

In fact, they are related. I’ve also watched some of his presentations at investor conferences. Regardless, the general concept is good enough to really make you see with your own eyes or mind what to expect for the future of fiat money. Policy on the Economy”. Refresh and try again. This is a blip on the radar. There Are 5 Levels of Investing Are You a Team Player? Please try again later.

He roots his arguments in recent developments in complexity theory, which seem to indicate that current policymakers vastly underestimate the risk of a systemic collapse. Jul 27, Kirk Houghton rated it really liked it. Many people are far more nervous today about our current fiscal and monetary direction, though for most it is just a general nervousness – a recognition that our economic path, now illuminated by the crisis, is not a smooth road but a precipice edge.


While many parts were very interesting, this is not a light read.

The figures speak aars themselves: He is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. A looming government currehcy, plus, why both Republican and Democrats will likely agree on an infrastructure bill…. The book is too short to do what it seems to want to do, and too long for what it actually does.

Reading this book felt a lot like watching the movieafter the year In the author’s own words, Currency Wars is a good guide to the past but a better guide to the future.

Currency Wars: The Making of the Next Global Crisis

It is one of the finest books to understand currency wars ;its evolutionimpact ,past etc. There was quite a bit in the book that warss over my head regarding high finance and Wall Street jargon. My thesis is that currency wars are followed by trade wars and then finally shooting wars among major powers. After reading this book, I understand what QE 1, 2 and 3 are: About Currency Wars 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.

Want to Read Currently Reading Read. He even uses the phrase “and dollar will be left out in the cold” at one point. Although he rails against debt and profligacy, he seems ridkards be really on board with this weekend pentagon circle-jerk which the author can’t seem to describe any concrete benefit to.

United States by individuals, partnerships, associations and corporations The problem with currency wars is that all advantage is temporary and is quickly erased by retaliation. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence.

Currency wars begin in a condition of too much debt and not enough growth.