14 Mar Currency Wars Summary by James Rickards explains the three currency countering like “tariffs, embargoes and other barriers to free trade.”. In , President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing. C.V. said: If you’ve wondered about the secret to Currency Wars’ best-selling I received this book for free in a Goodreads First Reads giveaway. .. James Rickards declares that Obama will go back to the gold-backed currency regime.
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Currency War, Then Trade War — Is Shooting War Next?
Which scene was your favorite? A shock yuan maxi-devaluation will be the shot heard round the world as it was in August and December both times, U.
In the beginning of civilization returns to investment are high e. If you love gold, you will love this book.
Cycles of currency devaluations ricards from nation to nation. I think they are pretty much the same. 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.
It was currrncy the work kames some conspiracy theorist, polemicist or radical. Suffice it say, I enjoyed the read and recommend it to others. It offers a unique perspective on the role of currency manipulation throughout history and a possible catastrophic outcome of current manipulation by central banks. The topic is pretty deep, but even with no formal background in economics like methe book is readable and the author does a good job of explaining the issues.
Currency War II 3.
The economy and markets will shed the excesses created during the preceding fall bubble boom season and prepare the soil for new blossoming in innovation and a spring boom.
Take this summary with you and read anywhere! This was a fascinating book. And that’s pretty much enough to say about it. Oct 20, Sukriti Aggarwal rated it really liked it. He derives a conclusion that is sound and well worth doing by our central bankers and US Treasury officials.
Humanises a potentially dry subject Any additional comments? While the exciting narrative isn’t prevalent throughout, the latter chapters give valuable insight into the topic. In this case, the rate favours EU nations exporting their goods to Jaames as the Euro has depreciated against the Pound and made their goods more desirable in foreign markets e.
This is the first frde on economics I’ve read in a long while and it really sparked my interest again. Collapse is a sudden, involuntary and chaotic form of simplification.
Keep your audiobooks, even if you cancel. Treasury and the IMF are responding to recession and unemployment with the same tactics that decisively failed in the past, and shows how the current situation is in several key ways far worse than other past crises. The war game, like the book as a whole, disintegrates from promising to insubstantial.
There’s an apocalyptic “China is here to get us!! Ricckards see what your friends thought of this book, please sign up. But there is less excess capacity in China to absorb the surplus without causing inflation than in the US. The currency wars and trade wars continue side by side.
The last real gold standard ended in This is a must read for anyone interested in international currency interactions, rickardw policy and history, and current events in finance.
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 together and how disastrous have been the global consequences resulting from the FED and our presidents decisions.
Currency Wars: The Making of the Next Global Crisis by James Rickards
This did not take care of the issues: I like his vision of how the collapse of the dollar may finally happen but I think holding any optimism for diverting that disaster is naive.
But that doesn’t mean you need to passively accept whatever outcome those forces might press upon you. Could you see Currency Wars being made into a movie or a TV series? Reading this book felt a lot like watching the movieafter the year Love it and it a must read for what’s to come in the next crash. The classical gold standard.