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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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. Critic Reviews “[Rickards] presents a compelling case for his views and offers thought-provoking information for library patrons. 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. This is all merely the introduction, but it leaves a poor taste in the mouth. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. This author is not a careless bomb thrower but speaks from years of experience.

Cugrency investors hated him and wanted to pull out – “Being too early is the same as being wrong. Nov 20, Jeffrey rated it it was ok Shelves: So basically he is a new world order shill, angling for a job in the new world power structure.

The Currency Wars author traces the start of WW II, back to a currency war which started in Germany in the early ‘s when the German’s changed the exchange rate of the Mark relative to the price of gold. Nov 10, Rickwrds. He is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street.

Eventually, the world wakes up to this reality and moves to the trade war stage. Currrncy review to come at Amara’s Eden.

I think he publishes a book like this every few years because the people who share his thesis will buy it and love it. Thanks for telling us about the problem. The first is to impose their rickard tariffs on U.

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Currency Wars

The first page itself shows how outdated the book is. Though it may sound bitter, can we argue with Rickards that the Fed was seemingly created to save the major banks from themselves rather than to act as a lender of last resort?

The second global currency war began in as the US government budget wavered under the twofold weight of the Great Society antipoverty program, a domestic social agenda, and the Vietnam War.

The currency wars and trade wars continue side by side. It reads like a detective story – which it really is, but it’s all true. If the changes are too big or too fast, the interwoven international trading system will be destabilized significantly or in the worst case totally collapse. This book is the blueprint to current events.

Summary – Documentary style examples Would you recommend this book to a friend? Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Would you consider the audio edition of Currency Wars to be better than the print version? Direct support programs like food stamps provided a significant positive multiplier benefit to the economy while the significantly negative effects were caused by the tax cuts in the package.

Economic forces are everywhere around you. There were many compelling aspects to the book. The madness of the market should be controlled. Rickards is the editor of Strategic Intelligence. Not only is the world not better off but it is worse off because of the costs and uncertainty resulting from the currency manipulations. Paul Volcker, Christine Harper Narrated by: He favors a return in some form to a gold s This is a really good book – but not a particularly “fun” read.

Currency Wars by James Rickards |

The threat presented by a collapse of the dollar is both clear and present and the potential outcomes are disturbing. The author did a good job of explaining the history and politics of currency wars, and yes, there are always nationalistic politics involved. It would have been good if he came up with solutions or alternative theory. It will scare you. Michelle Lia I started reading it and I think it could help a bit as if I am not mistaken it talks about currency depreciation.


Currencu am not a fan of non-fiction, but this book is really really useful for understanding the current state of economics and other stuff. It was local bank inexperience. Not a word of the audiobook lacked in relevance: That extraordinary feat was just one pivotal episode in a decades-long career serving six presidents.

You’ve got to want to pull your head out of the sand on this one. This book was detailed and extremely helpful in understanding how powerful currency devaluation is when trying to stimulate jmaes and some of the issues that we face in modern times. In the first war Britain, France and the US ripped up the rules of the International Gold Exchange Standard and tried to gain an advantage by devaluing their currencies for export advantage; in the second conflict, the US Dollar came under speculative attack during the Vietnam War as the Fed printed more paper money far beyond its gold liabilities to creditor nations.

The bigger the scale, the more catastrophic the events. Empirical data is explained, showing that Keynesian multipliers are negative when governme Thorough and well written. Once again, we’re doing it to ourselves.

Most Helpful Most Recent. Does this book would be helpful for me? Delving into the current world financial situation, he explains how the Fed, the U. However, taxation without spending is a powerful currenccy the government can use to reduce the overall money supply, providing a deflationary pressure to offset the inflation.

In another case, Richards notes that the highly inflationary policies of the Fed are destroying the value of the dollar while advocating significantly reduced tax rates. He reveals all the tricks of the trade that most people in the gold and silver industry probably don’t want you to know.