In CURRENCY WARS, James Rickards explains how the worldwide currency war, already underway, will soon affect everyone. The debasement of the dollar, bailouts in Greece and Ireland and Chinese currency manipulation are treated as indicative of a new and destructive threat, which could lead to a crisis worse than the panic of 2008
Currency Wars: The Making of the Next Global Crisis
and over 1.5 million other books are available for Amazon Kindle . Learn more
| ||||||||||||||||||||
 Trade In this Item for up to £4.25
Trade in Currency Wars (Portfolio) for an Amazon.co.uk gift card of up to £4.25, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Learn more
|
Book Description
Frequently Bought Together
Product details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, and more.
Inside This Book
(Learn More)
Browse and search another edition of this book.
Browse and search another edition of this book.
What Other Items Do Customers Buy After Viewing This Item?
Customer Reviews
Most Helpful Customer Reviews
28 of 28 people found the following review helpful
By bobbreeks
Format:Hardcover
James Rickards is one of the most intelligent analysts in the world today, he is never prone to hyperbole or rhetoric, which is a common trait (trend even) of some economic essayists blogging and publishing today.
Clearly James Rickards is well thought of enough to be included in US govt Economic War games, and his story of being involved in just such an event makes fascinating reading.
The central section of the book detailing the three currency wars, (1921-36,1967-87,2010-),
is the most detailed and interesting, it really adds to the cannon of currency study. And as such, would in my eyes, sit alongside Murray N Rothbard's, "What has Government done to our money" and Ferdinand Lips "Gold Wars".
What of-course makes the work more than just an historical reflection, is it's ability to incorporate the economic disasters of central banks and their masters since 2008. In an economic landscape that Ludwig Von Mises could never have imagined in his worst nightmare, James Rickards brings us up to date, with some helpful ideas that we can only hope the politicians and their economic lackeys implement sooner rather than too late.
A stirring book that doesn't avoid the complexity of currency manipulation, but rather, draws the reader into a ripping morbid adventure. And that makes it quite special.
Clearly James Rickards is well thought of enough to be included in US govt Economic War games, and his story of being involved in just such an event makes fascinating reading.
The central section of the book detailing the three currency wars, (1921-36,1967-87,2010-),
is the most detailed and interesting, it really adds to the cannon of currency study. And as such, would in my eyes, sit alongside Murray N Rothbard's, "What has Government done to our money" and Ferdinand Lips "Gold Wars".
What of-course makes the work more than just an historical reflection, is it's ability to incorporate the economic disasters of central banks and their masters since 2008. In an economic landscape that Ludwig Von Mises could never have imagined in his worst nightmare, James Rickards brings us up to date, with some helpful ideas that we can only hope the politicians and their economic lackeys implement sooner rather than too late.
A stirring book that doesn't avoid the complexity of currency manipulation, but rather, draws the reader into a ripping morbid adventure. And that makes it quite special.
34 of 38 people found the following review helpful
By Hande Z
TOP 1000 REVIEWER
Format:Kindle Edition
The first two chapters may appear like a fantasy story about countries engaging in war games using their national currencies as weapons. Rickards quickly move into the history of the real currency wars (three, since 1921 and the third beginning in 2010). The "military" manoeuvres seem complex because the hardware does not consist of bombs or bullets but paper currencies. At the bottom of it all is the question of national wealth and the its connection with the individual wealth of its citizens. That's partly what makes it all complicated. National wealth depends on its GDP and that depends partly on the ability of its citizens to consume and produce. When there is an imbalance (in international trade) there is no money to pay for imports. debts rise. The debtor nations can call on the debts (worst case scenario). Classic defensive responses is to inflate faster than deflation caused by trade deficits because if it can't, and the creditor comes calling, the scenario painted by Rickards is that of Chinese ships arriving at US ports to collect the gold that the USA had stored in Fort Knox and West Point, and ship them all away. By that time, the paper currency system would have collapsed and the USA would also have lost its solid gold. In other words, it will be flat broke. That is why severe and drastic moves are underfoot to prevent the collapse of the paper (fiat) currencies. Not just the US dollar but the Euro dollar as well. So to pay off debts, the US traditional response has been to lower interest rates to deflect acquisition of US dollars. Interest rates are down to zero. The Fed is out of ammo on this front. The only other move is to print more money, "Quantitative easing" (lovely name for a double-edged sword). It's not that simple. China counters by devaluing it's Yuan. So what is the end game? It's not clear but Rickards sets out the scenarios in his final chapter. If paper currency cannot be saved (there is a very real danger of that eventuality) the world may revert to a new Gold standard - or descend into chaos. That explains why gold prices shot from less than $100 to $1,000 and climbing. There will be leadership changes in the USA and China in 2012. The citizens have to vote wisely for a wise leader in the respective countries. But Rickards points out in this book that the currency wars will be fought in many theaters all over the world, it is not just USA vs China.
3 of 3 people found the following review helpful
By David Banks
Format:Hardcover|Amazon Verified Purchase
Absolutely brilliant. It takes its place alongside other eye-openers like "The Black Swan" and "The World is Flat" which open new windows on the world for the general reader. Special benefits are its coherent structure and startling clarity of language and expression. I know nothing of economics or the financial world, yet I was gripped as by a powerful novel. It will be a classic.
Would you like to see more reviews about this item?
›
Go to Amazon.com to see all 241 reviews
4.5 out of 5 stars
Were these reviews helpful?
Let us know
Most Recent Customer Reviews
4.0 out of 5 stars
Interesting
Really interested to read this book learnt a lot from this author will read more on this subject I'm hooked now
Published 4 days ago by beth
3.0 out of 5 stars
Great topic
Enjoyed the book, but found it a little heavy going at times. The content was always interesting though. If you are interested in economics then this is worth a read.
Published 1 month ago by Red
5.0 out of 5 stars
Great
I am sorry I don't have the time to write long sentences and I think it would be better to return to the classic system of reviewing, but it's a very good service!
Published 1 month ago by Cristina Moldoveanu
4.0 out of 5 stars
Fascinating story and background reading
I loved reading this book because of the historical context and the build up to todays' financial crisis. The analysis and explanations are thorough and conclusive. Read more
Published 2 months ago by Rudiger
5.0 out of 5 stars
Currency Wars
The author was brilliant at exposing truths and realities of central bankers over a long period of time. Read more
Published 2 months ago by Mr. Ghassan A. Chedid
4.0 out of 5 stars
Very good
This was a present for my dad, it arrived in a good amount of time and in very good quality.
Published 4 months ago by Mary MacMillan
5.0 out of 5 stars
Excellent read
Very interesting book, which connects a lot of dots regarding global currencies and gold etc. A fascinating read all round.
Published 6 months ago by garvan
5.0 out of 5 stars
An excellent read
I read this book in a little over a week. It's my fourth book on the subject of global turmoil (I've also read Harry S Dent, Peter Schiff etc) over recent months. Read more
Published 7 months ago by ErikZ
5.0 out of 5 stars
Instructive modern history of currency and conflict
Financial counselor, investment banker and risk manager James Rickards believes that every dollar, euro and yuan tells a story, and their stories could have an unhappy ending. Read more
Published 7 months ago by Rolf Dobelli
4.0 out of 5 stars
Be prepared
A must-read for any that consider themselves to be contrarian investors.
It really emphasises that paper money is only a belief system.
It really emphasises that paper money is only a belief system.
Published 8 months ago by sarnian
Customer Discussions
|
This product's forum
Active discussions in related forums
Search Customer Discussions
|
Related forums
|
![[Start the discussion]](http://g-ecx.images-amazon.com/images/G/02/x-locale/communities/discussion_boards/start-new-discussion-sec._V192198663_.gif){kind=small}
Listmania!
Look for similar items by category
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
|
