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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Complexity Theory Rickards contribution. A shock yuan maxi-devaluation will be the shot heard round the world as it was in August and December both times, U.

Currency Wars: The Making of the Next Global Crisis

Lists with This Book. In Julythe book was followed by a sequel, Currency Wars 2: Instead, Rickards uses his conclusion that the world financial wats has become too complex to advocate some old right wing chestnuts: Who is ‘The Harvard Guy”.

It is unfortunate that I am unable to fully comprehend the idea as I am not all too familiar with the gold standard. Regardless, the general conce It is unfortunate that I am unable to fully comprehend the idea as I am not all too familiar with the gold standard.

Rickards does an excellent job providing that map, and as with the geographic maps in the early centuries of exploration, competing economic cartographers might debate the details, but all would acknowledge that having a map is far superior to just following a crowd. Chapter nine “The Misuse of Economics” is also a gripping read. But there is less currebcy capacity in China to absorb the surplus without causing inflation than in the US.

Currency Wars – Wikipedia

Oct 20, Sukriti Aggarwal rated it really liked it. I think this book only covers up toso I wonder how much has changed since he wrote it. He derives a conclusion that is sound and well worth doing by our central bankers and US Treasury officials.


Hardcoverpages. Oct 21, John rated it it was amazing Shelves: I didn’t know that for most of the past two hundred years, all currencies had fixed exchange values pinned to gold, and that the nations would work together when relative currency value adjustments were made.

Unrest could lead to an uprising which could lead to physical war, especially with the ratio of young men to young women so unbalanced because of more than a generation of China’s “one child policy”.

By his logic, a retiree who probably worked a majority of their adult life was to live the rest of their life only with the basics. Treasury and the IMF are responding to recession and unemployment with the same tactics that decisively failed in the past, and shows how the current situation is in several key ways far worse than other past crises.

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

Crisply written with just the right level of theory to prove points without dragging the reader into detailed James Rickards has combined a thought provoking mix of history, economics, current events, and his own experience to produce a fascinating and thought provoking book.

A second round of reading after some thorough study on the gold standard would most definitely be helpful. cyrrency

Countries steal growth from their trading partners by cheapening their currencies to promote exports and import inflation. Retrieved from ” https: But Rickards sees an escape route for Beijing: However, he finds the author, by that time the structured finance department manager of Hong Yuan securities, [25] lacks financial expertise to be qualified to prescribe China with future directions.

If you want to map out the future, you need to study rickardds past. The book paints a pretty terrifying future of the world economy.

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

The second part of a special issue, find out what it means to be a team player. 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.


Many already familiar with how the Federal Reserve works, with deficit spending, and a general knowledge of stocks and bonds may not be fa This book is the blueprint to current events. These portions are valuable and educational. Scary to think how much our currency is pegged to nothing but perception, and how China could destroy our currency by rickarde in our debt to then when their bonds come due.

Not Goldman Sachs and other firms: It’s not quite convincing, but interesting nevertheless. We’re shackling our kids to a future of slavery. Song says the direct consequence was that the Federal Reserve lost its monopoly to control rickardx.

Although he rails against debt rkckards profligacy, he seems to be really on board with this weekend pentagon circle-jerk which the author can’t seem to describe any concrete benefit to.

It sounds a Reading this book felt a lot like watching the movieafter the year More than one million copies of this book have been sold. Shorts are not subtracted from longs — they are added together. Sep 28, Matthew rated it really liked it Shelves: This does currenc sharpen the focus on the coming presidential election provided everything doesn’t completely unravel before then.

My thesis is that currency wars are followed by trade wars and then finally shooting wars among major powers.