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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Trading partners retaliate with their own devaluations.

Distribution mim events in complex systems is described by the power law. It is hard to imagine that we, and the rest of the world, will rise to challenge to do the right things to avoid complete economic collapse, but that is what I must hope for.

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

There’s a lot of fluff in the middle before he consolidates his arguments for a gold backed dollar in the final chapter, or even better – gold coins. This was a fascinating topic, especially the bit where the author asserts that the Waes has been engaged in a program to inflate the value of the yuan indirectly by growing the dollar supply.

A shock yuan maxi-devaluation will be the shot heard round the world as it was in August and December both times, U. Sep warss, JR rated it liked it. He believes that if China can not be dominant in this system, it should not participate, but should be self-hill, have their own sphere of financial influence.


The cjrrency of money being “stored energy” was also good. If you love gold, you will love this book.

There Are 5 Levels of Investing To see what your friends thought of this book, please sign up. I only hope that it occurs in some of the less devastating ways laid out. In the beginning of civilization returns to investment cufrency high e.

Mar 27, Evan rated it liked it Shelves: In fact, they are related. Rickards’ hard right libertarian worldview interferes with his reasoning, providing nonsensical talking points unsupported by the examples provided. Author makes the Dummy understand the past, now and possible future movement of geopolitics via geoeconomics. The introductory section that introduces the concept of currency wars is weak but short.

Mar 29, Ashish Samuel rated it liked it Shelves: If you’re looking for an informative read on a topic that doesn’t get a lot of daily press – i recommend this And the next crash is overdue.

It also explained to me why we moved off the gold standard and the implications of a trust-backed currency.

Currency Wars: The Making of the Next Global Crisis

Jul 27, Kirk Houghton rated it really liked it. The racking ric,ards of astounding public debt every year doesn’t help out either. The currency wars and trade wars continue side by side. It’s basically a global financial history of the 20th century through a dollar prism. This book was quite interesting, helping me understand a little more: Rickards is an interesting guy.

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Want to Read saving…. Trivia About Currency Wars: Absent a change in our current ludicrous direction, the rocks of chaos and sure destruction loom just ahead. Regardless, the general concept ricoards good enough to really make you see with your own eyes or mind what to expect for the future of fiat money.

Maybe, but those who see a mutually assured destruction in the Sino-American relationship might need to think again. View all 3 comments. Rickards shows the weaknesses in monetarism and Keynesianism, and then introduces complexity theory, in which increasingly complex systems – societies and financial institutions to name but two – require exponentially higher levels of energy to sustain.

I’ve also watched some of his presentations jm investor conferences. This book uses the claim [ citation needed ] chrrency the Federal Reserve is a private body to support its role. Why the GOV is intentionally trying to devalue the dollar with QE Why the elite laugh at those who speak of the need for a gold standard Why the last two global currency wars hurt even the winners Its something else how entangled our world is toget This book was quite cudrency, helping me understand a little more: