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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Is this book still relevant in ? The members partitioned into contending groups and scripted locale-specific objectives and political moves. I want to listen to the audiobook again. The book shows the true fere picture that play into macro economics. You couldn’t get a better unbiased expert. The Second Machine Age: For example, Richards correctly cites the lack of regulation as being a key component to the banking crisis of These debts were originated by inexperienced local bankers around the United States and repackaged in the billions of dollars by the likes of Lehman Brothers before they went bust.
His analysis shows frre both liberal and neoconservative interference in markets has proved damaging and often dangerous. The problem is that this makes his pro-gold argument seem better sourced than it fre is. I’ve never thought much about our financial system.
Whoever willfully violates any provision of this Executive Order. Currency War I 2. This is a book worthy of being read even by seasoned financial policy makers. The Great Crash Ahead.
You’ve successfully reported this review. Sounds sobering, doesn’t it? Edward Griffin Narrated by: James Rickard is great and easy to understand. That would be a massive drain on the US Treasury.
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Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Therefore, no government could expand the money supply without a corresponding increase cudrency the stock of gold except in exceptional circumstances.
I found it mildly entertaining, but only because I have a predilection for the subject.
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.
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. It’s one of those books that, if you don’t already know too much about the subject, can radically alter the way you understand the global economy.
Sep 03, JR rated it liked it. He derives a conclusion that is sound and well worth doing by our central bankers and US Treasury officials.
Not sure if anything new here. I tend to agree with his thesis, but if no one who matters does anything The book follows a mundane chronological structure that seems labored. Mar 21, Elena rated it really liked it Shelves: Direct support programs like food stamps provided a significant positive multiplier benefit to the economy while the significantly negative effects were caused by the tax cuts in the package.
Even in case of an effective assault on the dollar, the US claims enough gold to survive a financial war.
Currency Wars: The Making of the Next Global Crisis by James Rickards
Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action. This book was detailed and extremely helpful in understanding how powerful currency devaluation is when trying to stimulate growth and some of the issues that we face in modern times.
Published November 10th by Portfolio first published November This book was quite interesting, helping me understand a little more: Crisply written with just the right level of theory to prove points without dragging the reader into detailed economic formulas.
In the author’s own words, Currency Wars is a good guide to the past but a better guide to wwars future. Rickards is an interesting guy. From WWI tothis book covers, in chronological order, various financial recessions and crisis Currency Wars discusses the emergence of a new frontier in the theatre of modern warfare that is often underestimated by the world governments.