Currency Wars: The Making of the Next Global Crisis Book PDF, ePub eBook

Join our eBook service for unlimited books & audiobooks. Get a free 7 day subscription! ↓↓↓↓↓


Book Descriptions:
In 1971, President 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.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.

Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.

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. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.

As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself.

Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. 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. Its solutions present hidden new dangers while resolving none of the current dilemmas.

While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. 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.

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

From reader reviews:

Holley Shipman:

Book is to be different for every grade. Book for children right up until adult are different content. As we know that book is very important usually. The book Currency Wars: The Making of the Next Global Crisis has been making you to know about other know-how and of course you can take more information. It doesn't matter what advantages for you. The e-book Currency Wars: The Making of the Next Global Crisis is not only giving you a lot more new information but also being your friend when you sense bored. You can spend your personal spend time to read your reserve. Try to make relationship together with the book Currency Wars: The Making of the Next Global Crisis. You never really feel lose out for everything when you read some books.

Charles Melendez:

Reading a reserve can be one of a lot of action that everyone in the world likes. Do you like reading book thus. There are a lot of reasons why people like it. First reading a publication will give you a lot of new data. When you read a reserve you will get new information due to the fact book is one of various ways to share the information or perhaps their idea. Second, examining a book will make you actually more imaginative. When you examining a book especially fiction book the author will bring you to definitely imagine the story how the people do it anything. Third, you may share your knowledge to some others. When you read this Currency Wars: The Making of the Next Global Crisis, you can tells your family, friends and soon about yours guide. Your knowledge can inspire others, make them reading a e-book.

Cedric Barnett:

Do you like reading a book? Confuse to looking for your selected book? Or your book was rare? Why so many concern for the book? But any people feel that they enjoy with regard to reading. Some people likes reading, not only science book but in addition novel and Currency Wars: The Making of the Next Global Crisis or maybe others sources were given information for you. After you know how the great a book, you feel wish to read more and more. Science publication was created for teacher or maybe students especially. Those ebooks are helping them to bring their knowledge. In additional case, beside science guide, any other book likes Currency Wars: The Making of the Next Global Crisis to make your spare time much more colorful. Many types of book like this.

Thomas Baxter:

Some individuals said that they feel bored stiff when they reading a book. They are directly felt that when they get a half portions of the book. You can choose typically the book Currency Wars: The Making of the Next Global Crisis to make your own personal reading is interesting. Your skill of reading proficiency is developing when you similar to reading. Try to choose straightforward book to make you enjoy to study it and mingle the sensation about book and reading especially. It is to be initially opinion for you to like to available a book and read it. Beside that the book Currency Wars: The Making of the Next Global Crisis can to be your brand new friend when you're truly feel alone and confuse with what must you're doing of this time.