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.

Author: Akitilar Yozshuran
Country: Uzbekistan
Language: English (Spanish)
Genre: Science
Published (Last): 27 January 2011
Pages: 243
PDF File Size: 4.97 Mb
ePub File Size: 10.97 Mb
ISBN: 412-7-22261-134-8
Downloads: 24679
Price: Free* [*Free Regsitration Required]
Uploader: Kajiran

This was a fascinating topic, especially the bit where the author asserts that the US has been engaged in a program to inflate the value of the yuan indirectly by growing the dollar supply.

kames Nevertheless, beyond the economics, Rickards also demonstrates a flair for understanding the currenxy development of ffee last seven years. Most importantly new understanding on how the Dollar along with other currencies have been intentionally manipulated through out history and why it causes more problems than it solves.

This game yielded a pivotal disclosure: 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.

This is an excellent study of our nation’s coming crisis, backed by facts and solid analysis. Since the world has descended into Currency War III, following the two catastrophic conflagrations of and It failed, derailed by politics, special interests, welfare, and warfare.

Currency Wars Summary – James Rickards | Download PDF & Audiobook

Take the Blue Pill In another case, Richards notes that the highly inflationary policies of the Fed are destroying the value of the dollar while advocating rixkards reduced tax rates. Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence.


Its solutions present hidden new dangers while resolving none of the current dilemmas. I tend to agree with his thesis, but if no one who matters does anything Currency wars are one of the most destructive and feared frree in international jamss. 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.

Currency Wars: The Making of the Next Global Crisis by James Rickards

If you start this book with the notion that economics is a pseudo-science that theorizes about events of the past while nobody has any clue what they are doing now or what’s going to happen, there’s nothing much in this book that’s jaems convince you otherwise. 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. However, taxation without spending is a fref tool the government can use to reduce the overall money supply, providing a deflationary pressure to offset the inflation.

Don’t like your audiobook? I can’t decide whether Rickards is sworn to secrecy on the ricmards, whether he is just a poor story-teller, or whether the group of paid consultants participating in, and the government employees designing the exercise blew hundreds of thousands of my tax dollars on what amounts to a buffet-style fellatio conference.

Very interesting and detailed. Minor complaints for such a compelling book. Would you recommend this audiobook to a friend? At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence.

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. He also correctly predicted the Euro strength vs USD when everyone in was predicting its demise. Another solution is not letting any one component grow too big.

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. This was a fascinating book. First published inthe book quickly became a best seller not just for its timely insight into precious metals investment but for its amazingly accurate prediction of a “roller-coaster crash” – the manipulated whipsaw rivkards inflation, deflation, and back again.

Related Posts  ASTM C1002 PDF

12min Blog

It is incredibly scary to think how will the current financial system go down in the next crisis. James brings a lot of things to the table. Currency War III —.

The Fed has got to go. The figures warz for themselves: Nomi Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. It offers a unique perspective on the role of currency manipulation throughout wxrs and a possible catastrophic outcome of current manipulation by central banks.

Grunch of Giants By: The topic is pretty deep, but even with no formal background in economics like methe book is readable and the author does a good job of explaining the issues.

The fact that Britain could maintain a stable monetary policy during the nineteenth century Gold Standard is because trades unions, workers and voters had no say when wages and prices were forced down by the harsh internal adjustment necessary to protect a fixed exchange rate. The basic proposition is quite scary – that currency manipulation can be used as an effective mechanism to destroy an economy. However, when Rickards broadens his scope to other policy issues, things fall apart.

Not too difficult to understand, had certainly improved my knowledge and understanding. And while most people believe that the economic collapse is over, the reality is that it has only just begun.