16 Apr Currency wars are one of the most important dynamics in the global financial system today. Jim Rickards gives a brief history of them here. and receive your FREE Social Security lifeline report: Jim Rickards’ Dollar Collapse. C.V. said: If you’ve wondered about the secret to Currency Wars’ best-selling success, That’s less a reflection on the tone of James Rickards’ writing—though somewhat .. I received this book for free in a Goodreads First Reads giveaway. 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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He even goes so far to suggest, an all out physical war could erupt among international blocks of trading partners to rickardss re-balance trade. Amazon Inspire Digital Educational Resources. This brings us to Currency War Three, which began in Then, the paper money supply was doubled. Full review to come at Amara’s Eden. The valuation of a currency has a huge impact on the health of a economy.

The participants currency wars james rickards free the war game are portrayed as largely clueless, the rules and outcomes appear arbitrary.

The madness of the market should be controlled. There was a certain amount of gold and a certain amount of paper money backed by gold. As James Rickards argues in Currency Warsthis is more than just a concern for economists and investors.

Its solutions present hidden new dangers while resolving none of the current dilemmas. Rickards main view on the currency wars is that of one country or another trying to gain trade advantages over rlckards as the currency currency wars james rickards free change according to the money supply.

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I’ve also watched some of his presentations at investor conferences. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. It could be that he simply wanted to outline how currency wars james rickards free currencies of the world are balanced off against one another vis a vis international trade balances, and how the U.

At worst, currency wars james rickards free degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. This can be seen in how QE2 has exported inflation to China. Regardless, the general concept is good enough to really make you see with your own eyes or mind what to expect for the future of fiat money.

While the rest of the world ran into the depression inthe U.

Is this book still relevant in ? But while much of the book does indeed focus on tickards devaluation, what Currency Wars really boils down to is James Rickards’ love affair with the gold standard, and, to a lesser extent, his libertarian values and pride in ‘Murica “a nation whose moral values are historically exceptional”, my ass. Currency wars james rickards free global elites don’t want this book to exist.

James Rickards

If the changes are too big or too fast, the jamse international trading system will be destabilized significantly or in the worst case totally collapse. It is like the hedge fund manager from the Big Short Michael Lewis. The author did a good job of explaining the history and politics of currency wars, and yes, there are always nationalistic currency wars james rickards free involved. Rickards frames his book with an anecdote about his participation in a pentagon war game designed to simulate financial markets.

This was a fascinating book. This is all merely the introduction, but it leaves a poor taste in the mouth. S Jamrs, and even his legal acumen. Write a customer review. Currency War I jxmes the period from to Published 3 months ago. Sep 25, Beth rated it it was amazing. It reminds me of the Currency wars james rickards free empire at the beginning of the AD era.

Okay, he was not a democrat, but that has never stopped the U. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. As James Rickards argues in Currency Warsthis is more than just a concern for economists and investors. I do not give a damn what happens to the prices of hard assets, they are more secure than paper assets at this stage of the game. The aggregate demand equation i. Remedial economics courses for ucrrency Unrest could lead to an uprising which could lead to physical war, especially curency the ratio of young men to young women so unbalanced because of more than a generation of China’s “one child policy”.

Most recent customer reviews. Oct 21, John rated it it was amazing Shelves: Looking for More Great Reads?

I can’t really form wqrs opinion about the veracity of currency wars james rickards free Rickards says, which aims at the big flaw here: Greater than any single threat is the very real danger of the collapse of the dollar itself. The positives of the book are in the easy to understand and fluid descriptions of events of the thirties and the Seventies.

Feb 20, Zoubir rated it really liked it.

I didn’t know that for most of the past two hundred years, I’ve never thought much about currency wars james rickards free financial system. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale.

InPresident Nixon imposed national price controls and took the United States off the gold currency wars james rickards free, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U. This is an outstanding book, and I believe most anyone would do well to become familiar with Rickards’ argument. Open Preview See a Problem?