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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This book will make you think. Feb 11, Troy Tegeder rated it really liked it. To see what your friends thought of this book, please sign up.
Currency Wars (Audiobook) by James Rickards |
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. The devaluation of the US dollar relative to other counties’ currencies makes US exports cost less and is The author did a good job of explaining the history and politics of currency wars, and yes, there are always nationalistic politics involved.
Less power is the rlckards, not more. Left unchecked, the next currency war could lead to a crisis worse than the panic of This book is frankly terrifying. Continue shopping Checkout Continue shopping.
It’s a great book where non specialists will derive a thorough education and specialists could be forced into insightful paradigm shifts.
He favors a return in some form to a gold s This is a really good book – but not frree particularly “fun” read. A country is enduring high joblessness, low development and decreased demand can choose to devaluate its currency to support its exports and drive demand. I’ve never thought much about our financial system.
Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale.
What are the implications of Obama’s policy to double exports? A great summation of the global and national interactions of the world economies.
Oct 08, Ian Robertson rated it it was amazing. It is hard to imagine that we, and the rest of the world, will rise to challenge to do the right things to avoid complete economic collapse, but that is what I must hope for. In fact the primary purpose of this book is to educate the listener as to why there is no way out of the financial morass created by the financial elite.
This is an outstanding book that should be read and digested by every thinking American voter. If you start this book with the notion that economics is a pseudo-science that theorizes about wags 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 rickardd gonna convince you otherwise.
There are things to criticize about the book, but I won’t bother to write them. This book was detailed and extremely helpful in understanding how powerful cudrency devaluation is when trying to stimulate growth and some of the issues that we face in modern times.
This unprecedented history of American power illuminates how financiers have retained their authoritative position through history, swaying presidents regardless of party affiliation.
Remedial economics courses for everyone! I didn’t know that for most of the past two hundred years, all currencies had fixed exchange values pinned to gold, and that the nations would work together when relative currency value adjustments were made.
But he takes a detour to describe in detail the two currency wars that happened in the last century and an imminent third one, and never really comes back to the simulation.
Crisply written with just the right level of theory to prove points without dragging the reader into detailed James Rickards rixkards combined a thought provoking mix of history, economics, current events, and his own experience to produce a fascinating and thought provoking book. He favors a return in some form to a gold standard – a hotly debated topic since the Nixon era 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 standard, and, to a lesser extent, his libertarian values and pride in ‘Murica “a nation whose moral values are historically exceptional”, my ass.
Nomi Prins Narrated by: It was very good. Turk and Rubino are back to say that history is about to repeat. Instead, Rickards uses his conclusion that the world financial system has become too complex to advocate some old right wing chestnuts: Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money.
This author jakes not a careless bomb thrower but speaks from years of experience.
Currency Wars: The Making of the Next Global Crisis by James Rickards
ucrrency It is very well researched and arguments are clearly articulated with plenty of examples that demystify concepts that have been currenvy obscured by governments and the banking industry. Free with day trial Membership details Membership details 30 days of membership free, plus 1 audiobook and 2 Audible Originals to get you started. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.
Blew my mind What did you like best about Currency Wars? Greater than any single threat is the very real danger of the collapse of the dollar itself. Fortunately, the world is starting to wake up to the fragility of cuurrency dollar reserve system and alternatives are being explored, none of which are favourable to the US.
David Stockman was the architect of the Reagan Revolution that was meant to restore sound money principles to the U. It is one of the finest books to understand currency wars ;its evolutionimpact ,past etc.