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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The problem with currency wars is that all advantage is temporary and is quickly erased by retaliation. Hardcoverpages.

According to the book, the western countries in general and the US in particular are controlled by a clique of international bankers, which use currency manipulation hence the title to gain wealth by first loaning money in USD to developing nations and then shorting their currency. Every so often my curiosity is aroused at how it is those Wall Street traders are able to profit so handsomely from things like arbitrage and other forms of cream-skimming, but generally, I’m focused on other things.

If you start this book with the notion that economics is a pseudo-science that theorizes about events of the past while nobody has any clue what they are doing now or what’s going to happen, there’s nothing much in this book that’s gonna convince you otherwise.

He presents these variants as the ultimate solution to the problems discussed in the book. May 21, Clement Ting rated it liked currnecy. Therefore, no government could expand the money supply without a corresponding increase in the stock of gold except in exceptional circumstances.

Currency War, Then Trade War — Is Shooting War Next? – The Daily Reckoning

In the author’s own words, Currency Wars is a good guide to the past but a better guide to the future. There was quite a bit in the book that was over my head regarding high finance and Wall Street jargon. According to complexity theory, every increase in scale causes a much greater increase in risk. This new trade war will get ugly fast and the world economy will be collateral damage.


Currency War, Then Trade War — Is Shooting War Next?

Overall it is a good curreny and is recommended to all. Refresh and try again. I’ve also watched some of his presentations at investor conferences. After all, how difficult is it to get the major industrial nations together to cut carbon emissions?

It also claims that the Rothschild Family has the wealth of 5 trillion dollars whereas Bill Gates only has 40 billion dollars.

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.

Rickards quickly follows it with a financial war game he participated in at the Pentagon. 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.

By using this site, you agree to the Terms of Use and Privacy Policy. It is one of the finest books to understand currency wars ;its evolutionimpact ,past etc. For instance, he believes the G20 has now become a platform for the US to force a re-balancing of the economy on surplus nations while the IMF is close to resembling a de facto central bank with its own currency SDR. This does help sharpen the focus on the coming presidential election provided everything doesn’t completely unravel before then.

Given the fragility of the US economy debt being held by China, othersthis is more than plausible. As in every theory in economics, you can bet that experts differ. Shorts are not subtracted from longs — they are added together.

Currency Wars: The Making of the Next Global Crisis

Kennedywith the intention of increasing their wealth and influence. Rickards sees a wholesale collapse of the dollar — and, by extension, the global financial system — looming ahead.

These Fed announcements are intended to signal to the international monetary markets, sovereign and others, how much “exported inflation” they will be receiving.


This is the first book on economics I’ve read in a long while and it really sparked my interest again. Want to Read Currently Reading Read. But while much of the book does indeed focus on competitive 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.

A looming government shutdown, plus, why both Republican and Democrats will likely agree on an infrastructure bill…. Rickards starts with a historical tour, highlighting the near-catastrophic results of two previous currency wars — the first of which led to the Great Depression and World War II, and the second of which led the malaise and stagflation of the s.

In Julythe book was followed by a sequel, Currency Wars 2: 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. Chen Zhiwu Yale University affirmed the reference values of the details the book provided, such as “what the Rothschild family did, how impacts the financial sector has on a country’s development, etc”.

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 interesting, helping me understand a little more: