Editorial Reviews. Review. “One of the scariest books I’ve read this year. The picture that Currency Wars: The Making of the Next Global Crisis by [Rickards, James]. Audible Sample. Audible Sample. Playing Playing Loading Loading . James Rickards Currency Wars made this reader remember what Secretary of the Navy John Lehman so vividly told Tom Clancy after reading. My thesis is that currency wars are followed by trade wars and then finally shooting James G. Rickards is the editor of Strategic Intelligence.

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Oct 21, Ricakrds rated it it was amazing Shelves: He even goes so far to suggest, an all out physical war could erupt among international blocks of trading partners to physically re-balance trade.

Rickards is a well trained and experienced, commentator on economics, geopolitics and finance. This book is the blueprint to current events. Many curreency familiar with how the Federal Reserve works, with deficit spending, and a general knowledge of stocks and bonds may not be familiar with the inner workings of currencies. In fact, they are related.

As the annual net increase in gold never exceeds 1.

See 2 questions about Currency Wars…. Left unchecked, the next currency war could lead to a crisis worse than the panic of I only hope that it occurs in some of the less devastating ways laid out.

Can the dollar survive as a fiat currency or will it have to be backed by a commodity once again? The New York Times. He has contributed as an advisor on capital markets to the U. The Making of the Next Global Crisis is ostensibly that: Quotes from Currency Wars: This is a book worthy of being read even by seasoned financial policy makers.

Think this is far-fetched? According to the book, the western countries in general and the US in particular are controlled by a clique of international bankers, which use currency manipulation hence the title to gain wealth by first loaning money in USD to developing nations and then shorting their currency. It also claims that the Rothschild Family has the wealth of 5 trillion dollars whereas Bill Gates only has 40 billion dollars.


And then, there’s the bits about complex systems. The participants in the war game are portrayed as largely clueless, the rules and outcomes appear arbitrary. The first page itself shows how outdated the book is. It leads to several consequences. What rickars happening to the dollar? It discusses more specifically the modern Chinese History from Chiang Kai-shek to the depreciation in the long term trend of U.

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

Is this book still relevant in ? Its solutions present hidden new dangers while resolving none of the current dilemmas. Jan 30, John Martindale rated it it was amazing Shelves: Oct 20, Sukriti Aggarwal rated it really liked it. Also, I am growing skeptical of his bearish claims. The first is to impose their own tariffs on Ric,ards. From Wikipedia, the free encyclopedia. However, as the premise underlying this book is based on advantages gained by currency depreciation, Awrs will illustrate here how a nation can gain an export advantage by devaluing its currency, taking the Pound GBP xurrency an example.

However, if the signals are missed either intentionally or unintentionally, the author postulates several possible catastrophic outcomes including the collapse of the US Dollar.

He even uses the phrase “and dollar will be left out in the cold” at one point.

Currency Wars: The Making of the Next Global Crisis

Scary to think how much our currency is pegged to nothing but perception, and how China could destroy our currency by calling in our debt to then when their bonds come due. Many people are far more nervous today about our current fiscal and monetary direction, though for most it is just a general nervousness – a recognition that our economic path, now illuminated by the crisis, is not a smooth road but a precipice edge.

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Since the world has descended into Currency War III, following the two catastrophic conflagrations of and This is an outstanding book, and I believe most anyone would do well to become familiar with Rickards’ argument.

The second part of a special issue, find out what it means to be a team player. While the exciting narrative isn’t prevalent throughout, the latter chapters give valuable insight into the topic.

Rickards starts with a historical tour, highlighting the near-catastrophic results of two rifkards currency wars — the first of which led to the Great Depression and World War II, and the second of which led the malaise and stagflation of the s.

Currency War, Then Trade War — Is Shooting War Next?

Trading partners retaliate with their own devaluations. All persons are hereby required to deliver, on or before May 1,to a Federal reserve bank.

James Rickards has combined a thought provoking mix of history, economics, current events, and his own experience to produce a fascinating and thought provoking book. This book uses the claim [ citation needed ] that the Federal Reserve is a private body to support its role.

The chapter on complexity and the new ways of measuring complexity and risk within a system were really interesting. The second is to cheapen their currency to offset the impact of the tariffs. But the Eurozone is a benign example and rjckards not an offender of deliberate devaluation. And the next crash is overdue. As Rickards, points out, though, this policy had a hidden agenda: Published November 10th by Portfolio first published November Several Chinese-American scholars also gave the first book negative reviews.