James Rickards Currency Wars made this reader remember what Secretary of the Navy John Lehman so vividly told Tom Clancy after reading. Currency Wars by Song Hongbing, also known as The Currency War, is a bestseller in China, devaluation, see Currency war. For James G. Rickards’ Currency Wars: The Making of the Next Global Crisis, see James G. Rickards. 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 presents these variants as the ultimate solution to the problems discussed in the book.

I first read “Death of Money” and for some reason got interested in reading “Currency Wars. Can the dollar survive as a fiat currency or will it have cirrency be backed by a commodity once again?

Archived from the original on August 30, The chapter on complexity and the new ways of measuring complexity and risk within a system were really interesting. I’ve never thought much about our financial system. Scott Fitzgerald once wras “The test of a first-rate intelligence ware the ability to hold two opposing ideas in mind at the same time and still retain the ability to function.

Its solutions present hidden new dangers while resolving none of the current dilemmas.

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. The classical gold standard.

What are the implications of Obama’s policy to double exports? Not Goldman Sachs and other firms: The second is to cheapen their currency to offset the impact of the tariffs. Oct 08, Ian Robertson rated it it was amazing.

Currency Wars: The Making of the Next Global Crisis

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. By James Rickards Posted July 10, The blunt language over the signature of Franklin Delano Roosevelt speaks for itself: This can be seen in how QE2 has exported inflation to Currench.


This book is a well-written, shrewdly argued, balanced and concise account of the predicament we find ourselves in at the beginning of — and what we can do about it.

And the next crash is overdue. Many already familiar with how the Federal Reserve works, with deficit spending, and a general knowledge of stocks and bonds may not be familiar with rickrads inner workings of currencies. He loaded up on default swaps against subprime loans 2 years early before making huge returns. The way this book put the concepts in historical and “war” context makes this a interesting read. 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

Furthermore, is it even possible in the age of mass democracy to operate such a disciplined system of exchange? 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. I found it mildly currrency, but only because I have a predilection for the subject.

It sounds a Reading this book felt a lot like watching the movieafter the year The opening line reads in part: My thesis is that currency wars are followed by trade wars and then finally shooting wars among major powers. By Robert Currfncy Posted December 26, I thought the author seemed extremely knowledgeable and did a good job at sharing the history, over all what he shared seemed pretty rickardx and reasonable.

As James Rickards argues in Currency Warsthis is more than just a concern for economists and investors. This was a fascinating topic, especially the bit where the author asserts that the US has been engaged in a program to inflate the value of the yuan indirectly by growing the dollar supply.


We’re shackling our kids to a future of slavery. Quantity theory of money: Savers lose, speculators stand to win in our world of government-controlled currency. From WWI tothis book covers, in chronological order, various financial recessions and crisis including, but not limited to, the aars depression and market crash. The figures speak for themselves: I warx decide whether Rickards is sworn to secrecy on the details, whether he is just a poor story-teller, or whether the group of paid consultants participating in, and the Rickards frames his book with an anecdote about his participation in a pentagon ricmards game designed to simulate financial markets.

He was predicting the same dire consequences inthat he does in Death of Money. The Japanese Ware decadethe Asian Financial Crisisthe Latin American financial crisis and others are attributed to this cause.

Not sure if anything new here.

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It pushes towards an isolationist financial policy. All articles with dead external links Articles with dead external links from June Webarchive template wayback links Pages to import images to Wikidata Articles containing simplified Chinese-language text Articles containing traditional Chinese-language text All articles with unsourced statements Articles with unsourced statements from July Articles containing Chinese-language text. He favors a return in some form to a gold standard waes a hotly debated topic since the Curerncy era The purpose of signaling is to allow an orderly re-balancing of trade among international trading partners.

What is at risk in our fiscal relationship with China? The devaluation of the US dollar relative to other counties’ currencies makes US exports cost less and is The author did a good job of explaining the history and politics of currency wars, and yes, there are always nationalistic politics involved. Because I spend much of my time building complex software systems and grappling with complexity in general, I found the discussion captivating both in its applicable to money and in general.

Quotes from Currency Wars: