



Currency Wars
The Making of the Next Global Crisis
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4.1 • 172 Ratings
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- $7.99
Publisher Description
Dive into the gripping world of international ecocomics through American lawyer, investment banker, media commentator, and author, James G. Rickards's expertise and thought-provoking insights.
From collapsed paper currencies and hidden agendas of soveriegn wealth funds to the very real threats of national security, James G. Rickards scrutinizes the history and disastrous outcomes of currency wars, shedding light on the potential crisis that looms over the United States and the world. Rickards dissects failed paradigms and conventional theories while offering a course of action to steer away from impending disaster.
PUBLISHERS WEEKLY
In 2008, Rickards, an investment banker with extensive experience in hedge funds, was invited to participate in a seminar sponsored by the Department of Defense, which examined the safety of U.S. sovereign wealth funds in the case of economic warfare. As Rickards explains, "Sovereign wealth funds are huge investment pools established by governments to invest their excess reserves." He participated in further seminars that addressed the impact of futures markets, derivatives, and more, on strategic commodities such as oil, uranium, copper, and gold. Rickards's first book is an outgrowth of his contributions and a later two-day war game simulation held at the Applied Physics Laboratory's Warfare Analysis Laboratory. He argues that a financial attack against the U.S. could destroy confidence in the dollar. In Ricards's view, the Fed's policy of quantitative easing by lessening confidence in the dollar, may lead to chaos in global financial markets. Possible strategies for dealing with such a situation include a return to the gold standard. Though the book will no doubt interest policymakers, even non-experts will be rewarded for their efforts.
Customer Reviews
Descriptive and insightful
Tough read, but very explanatory if one has basic finance knowledge. Encouraged for people interested in current topics, the intracacies of world relationship, and expanding knowledge on how currencies function and affect our lives.
COO
A very good read, indeed. Highly recommend.
The key to Enlightenment
This was an absolutely fantastic book. It was relatively easy to read even for an 80 year old. It is scary as heck but realistic and to the point and should be required reading for all members of Congress, the treasury and the Feds. I can't wait for the next one.