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Currency Wars: The Making of the Next Global Crisis

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

Unveiling the hidden dangers in global currencies.

This book is a must-read for anyone interested in understanding the complex world of global currencies and the potential consequences of currency wars. James Rickards provides a thought-provoking analysis of the historical patterns of currency wars and the risks they pose, highlighting how they can lead to economic catastrophes and even threaten national security. With a clear and insightful perspective, Rickards dissects the failed paradigms of economists and offers a more informed and effective approach to addressing these challenges. Prepare to be enlightened and empowered to navigate the intricacies of the global economy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Currency Wars: The Making of the Next Global Crisis

by James Rickards
Condition guide

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ISBN: 9781591845560
Authors: James Rickards
Publisher: Penguin USA
Date of Publication: 2012-08-28
Format: Paperback
Related Collections: Business, Politics, History, Economics
Related Topics: Finance, History, Historical, Politics, Money, Finance
Goodreads rating: 3.96
(rated by 4880 readers)

Description

Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008. Currency wars have happened before, and they always end badly. 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 Wars, this is more than just a concern for economists and investors. 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. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.
 

Unveiling the hidden dangers in global currencies.

This book is a must-read for anyone interested in understanding the complex world of global currencies and the potential consequences of currency wars. James Rickards provides a thought-provoking analysis of the historical patterns of currency wars and the risks they pose, highlighting how they can lead to economic catastrophes and even threaten national security. With a clear and insightful perspective, Rickards dissects the failed paradigms of economists and offers a more informed and effective approach to addressing these challenges. Prepare to be enlightened and empowered to navigate the intricacies of the global economy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.