5 of 5 people found the following review helpful
A must-read for everyone,
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This review is from: Currency Wars (Paperback)
A truly extraordinary book that opens the door of truth on the money systems of the past 150 years - and how they've succeeded and failed.
Forget right- or left-wing bias, what this book does is take you into the world of money and economics, the truly gobsmacking mistakes made by so-called intelligent leaders and how the current situation of unsustainable debt (the West) and huge sovereign wealth funds (the East) will play out. The author reveals in clear and highly readable language what caused the tragedy of the Great Depression, the growth times of the 1950s and 1960s, followed by increasing levels of debt as one government after another made monumental errors. LBJ and Nixon do not look good, de Gaulle looks seriously smart, Churchill's greatest error was as Chancellor in the early 1920s, and so on.
Above all, Rickards lays out in the clearest possible terms where the world is headed if nothing is done to arrest and correct the situation. He explains why gold has to be at the core of that - his challenge, the fact that economists the world over are dedicated Keynesians with policies to perpetuate the tradegy. Read it if you dare - I couldn't put it down.