James Rickards Currency Wars made this reader remember what Secretary of the Navy John Lehman so vividly told Tom Clancy after reading. Currency Wars by Song Hongbing, also known as The Currency War, is a bestseller in China, devaluation, see Currency war. For James G. Rickards’ Currency Wars: The Making of the Next Global Crisis, see James G. Rickards. In , President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing.
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This was a fascinating book. The first is to impose their own tariffs on U. I think they are pretty much the same. Aug 28, Pages Buy. To make this work, there needs to be an orderly re-balancing of currencies and the resultant trade.
It’s basically a global financial history of the 20th century through a dollar prism. It is incredibly scary to think how will the current financial system go down in the next crisis.
Currency Wars by James Rickards | : Books
Song says the direct consequence was that the Federal Reserve lost its monopoly to control money. Kennedywith the intention of increasing their wealth and influence. From the Hardcover edition. Well worth the read. This book illustrates the cracks in the world financial system.
From WWI tothis book covers, in chronological order, various financial recessions and crisis Currency Wars discusses the emergence of a new frontier in the theatre of modern warfare that is often underestimated by the world governments.
Stay in Touch Sign up. Empirical data is explained, showing that Keynesian multipliers are negative when governme Thorough and well written. He was predicting the same dire consequences inthat he does in Death of Money.
Rickards frames his book with an anecdote about his participation in a pentagon war game designed to simulate financial markets. Can the dollar survive as a fiat currency or will it have to be backed by a commodity once again? For example, if the US exports too much inflation to China, then China’s economy may stall and cause unrest among its people.
I tend to agree with his thesis, but if no one who matters does anything This happened in the currehcy and it seems to be happening again.
If you love gold, you curency love this book. Is this book still relevant in ? This author is not a careless bomb thrower but speaks from years of experience. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Rickards’ hard right libertarian worldview interferes with his reasoning, providing nonsensical talking points unsupported by the examples provided.
Eventually, the world wakes up to this reality and moves to the trade war stage. Looking for More Great Reads? Given the fragility of the US economy debt being held by China, others durrency, this is more than plausible.
United States by individuals, partnerships, associations and corporations I would never have achieved the level of success that I have without my team. This is a really good book – rickzrds not a particularly “fun” read.
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There are things to criticize about the book, but I won’t bother to write them. The introductory section that introduces the concept of currency wars is weak but short. Song also is of the opinion that the famous U.