Currency Wars: The Making of the Next Global Crisis [James Rickards] on *FREE* shipping on qualifying offers. In , President Nixon imposed. Written by James Rickards, Audiobook narrated by Walter Dixon. Sign-in to download visiting Audible? Get this book free when you sign up for a day Trial. Currency Wars book summary Start free 3-day trial Financial counselor, investment banker and risk manager James Rickards believes that every dollar.

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James brings a lot of things to the table. You might think from the title that this author get’s competitive devaluations and the race to the bottom, the role of gold, Austrian economics and economic freedom, but don’t be misled, he doesn’t.

Because I spend much of my time building complex software systems and grappling with complexity in general, I currenxy the discussion captivating both in its applicable to money and in general. 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.

I thought the author seemed extremely knowledgeable and did a good job at sharing the history, over all what he shared seemed pretty jmaes and reasonable. As Nicholas Shaxson writes in his book Treasure Islands: The author spends a good deal of time talking in both theory and practical terms about complexity theory and how it relates to currency.

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

Currnecy can be seen in how QE2 has exported inflation to China. Goodreads helps you keep track of books you want to read. Lessons abound in thinking of who fared better than whom in that era; debtors, and owners of businesses, real property, and foreign assets far outpaced people on a fixed income or with simple savings accounts.

The chapter on complexity and the new ja,es of measuring complexity and risk within a system were really interesting.

Currency Wars Summary – James Rickards | Download PDF & Audiobook

Without a doubt, our current economic situation in the US as well as the rest of the world is tremendously stress and headed for v This was a tough book for me, as I really didn’t understand so much of it. This is quietly and slowly happening around us. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.


Rickards does an excellent job providing that map, and as with the geographic maps in the early centuries of exploration, competing economic cartographers might debate the details, but all would acknowledge that having a map is far superior to just following a crowd.

Without a doubt, our current economic situation in the US as well as the rest of the world is tremendously stress and headed for very difficult times.

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Why has the Federal Reserve failed on fickards level since ? It is very well researched and arguments are clearly articulated with plenty of examples that demystify concepts that have been deliberately obscured by governments and the banking industry. The book paints a pretty terrifying future of the world economy.

Currency wars have happened before, and will happen again, until everyone realizes that it is a mutually dest I never did develop a real interest in macroeconomics topics though I got a degree in economics, probably due to the concepts were quite far away from my twenty-something mind and life.

Rickards discusses the prior currency wars in detail and provides time frames for the beginning and end of them. I suppose the 1 thing lacking is a strong argument against a gold standard, though he does address Bernankes opposition he takes it apart. It failed, derailed by politics, special interests, welfare, and warfare.

Paul Volcker, Christine Harper Narrated by: Chapter nine “The Misuse of Economics” is also a gripping read. Less people who decide for more people is not the answer. Cudrency most fgee frozen into inside-the-box thinking, few investors will ride the next move as silver and gold skyrocket in the years ahead.

It’s not quite convincing, but interesting nevertheless. I only hope that it occurs in some of the less devastating ways laid out. Rickards provides an historical overview, drawing important lessons and debunking some myths from the gold standard era, two previous currency war eras post WWI andand the recent rise of the G20, globalization and state capital.


Well worth the read. 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.

He even uses the phrase “and dollar will be left out in the cold” at one point. The players included Wall Street expertsinternational strategy specialistsDepartment of Defense staff members and military personnel. Must read for anyone interested in Would you recommend this audiobook to a friend? This author is not a careless bomb thrower but speaks from years of experience. Increasing the riskiness of this bet is that each national economy is starting from a relatively different position of strength.

Continue shopping Checkout Continue shopping. One of the best books I’ve listened to This has been such an eye opening audio book, it’s changed the way I think and will be a guide to the future of finance for me. At best, they offer the sorry spectacle of countries’ stealing growth from their trading partners. One solution is descaling — reducing the size of the snow mass.

Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher’s closest advisors.

Full review to come at Amara’s Eden. Will defiantly listen to again. Currency wars are one of the most destructive and feared outcomes in international economics.

Quantity theory of money: To think that the current fiat money is flawless reminds me of the notion that those who knows less thinks they know more whilst those that know more knows they know less.

The Only Game in Town. Great Book Really liked the content and its in-depth analysis on the subject of Currency Manipulation by the Countries to gain edge over others.