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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It is incredibly scary to think how will the current financial system go down in the next crisis. I tend to agree with his thesis, but if no one who matters does anything Since the world has descended into Currency War III, following the two catastrophic conflagrations of and To think that the current fiat money is flawless reminds me of the notion that those who knows less thinks they know more whilst those that know more knows they know less.
Currency Wars by James Rickards | : Books
While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U. In what represents the most sweeping U. Without a doubt, our current economic situation in the US as well as the rest of the world is tremendously stress and headed for very difficult times.
The author is a strong supporter of gold-backed monetary systems and desperately wants to cyrrency to some variant of it. More than one million copies of this book have been sold. It leads to several consequences. I personally feel it is still relevant to …more This book focuses on the history rickafds money, its development, and hints a lot on the impending fall of money.
Jan 31, Ryan Prenger rated it did not like it. Because I spend much of my time building complex software systems and grappling with complexity in general, I found the discussion captivating both in its applicable to money and in general.
At best, they offer the sorry spectacle of countries’ stealing growth from their trading partners.
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Mar 17, Ben Galbraith rated it really liked it. It is unfortunate that I am unable to fully comprehend the idea as I am not all too familiar with the gold standard. Thanks for telling us about the problem. The book itself ” Remedial economics courses for everyone! Eventually, the world wakes up to this reality and moves to the trade war stage.
Currency War, Then Trade War — Is Shooting War Next?
The threat presented by a collapse of the dollar is both clear and present and the potential outcomes are disturbing. Jul 27, Kirk Houghton rated rickads really liked it.
Please try again later. 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.
It lacks the focus to give you a good grip on any of the related topics covered, but it does have a certain appeal as a survey.
This does help sharpen the focus on the coming presidential election provided everything doesn’t completely unravel before then. Jan 02, Amara Tanith rated it it was ok Shelves: Rlckards book is too short to do what it seems to want to do, and too long for what it actually does.
In some cases this tactic worked to some degree over the short term, but over the long term it resulted in competitive currency devaluations with disastrous social and economic consequences.
He proposes some common sense reforms to forestall that collapse: In MayCurrency Wars 3: It’s educating but tedious after a point. S Pentagon, and even his legal acumen. The blunt language over the signature of Franklin Delano Roosevelt speaks for itself: Likewise, a huge trade deficit and government bailout of the banking system left the state with no money; therefore, government spending and investment were out of the equation.
Why the GOV is intentionally trying to devalue the dollar with QE Why the elite laugh at those who speak of the need for a gold standard Why the gickards 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.
This was a fascinating book. Want to Read Currently Reading Read.
Oct 21, John rated it it was amazing Shelves: