Currency Wars: The Making of the Next Global Crisis
| Author | : | |
| Rating | : | 4.42 (737 Votes) |
| Asin | : | 1591845564 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2016-06-28 |
| Language | : | English |
DESCRIPTION:
Erez Davidi said The best thing since sliced bread?. Jim Rickards, who is famous, among other things, for his ability to accurately predict the Fed's moves ahead of time. His most recent accurate call was the implementation of Operation Twist, i.e the selling of short-term government debt and the buying of long-term government debt in order to increase short-term interest rates and decrease long-term interest rates.The main theme of the book is that the world is already heading toward a full-blown currency war which will bring even ha. MY DORE IS ON CHAOS SilverMalthusian For those interested in the monetary system & the shortfalls at the endgame of this economic paradigm, this book is for you. This book explores the following issues amongst others:1. The aggregate demand equation i.e. C+I+G+NE = GDP2. The law of diminishing returns3. The spending multiplier effect & its current failure4. The geopolitical morass & ramifications of certain heavyweight nations' decisions5. The abuse of fiscal & monetary policies6. Complexity theory7. The concept of mon. "Readable, Which is Huge" according to Matthew Morine. This book was fascinating. It was totally outside my area of understanding, but after reading the book, I learned a lot about the process and influence of a currency in this world. The book gives you a brief history of the role of currency, and goes into how people wage war by using the ups and downs of the valuation of a certain currency of a country. The valuation of a currency has a huge impact on the health of a economy. The book talks about the role of gold in the process too.
Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. and world economic leaders fail to learn from the mistakes of their predecessors. 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. dollar. 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.. Greater than any single threat is the very real danger of the collapse of the dollar itself.Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. And the next crash is overdue. Its solutions present hidden new dangers while resolving none of the current dilemmas.While the outcome of the new currency war is not yet certain, so
He advises the Department of Defense, the U.S. Visit currencywarsbook . A frequent guest on CNBC, CNN, Fox, C-SPAN, Bloomberg TV, and NPR, Rickards also lectures at Northwestern University and at the School of Advanced International Studies. intelligence community, and major hedge funds on global finance, and
“One of the scariest books I’ve read this year. The picture that emerges is dark yet comprehensive and satisfying.” — Bloomberg Businessweek “One of the most urgent books of the fall.” — Mike Allen, Politico “Let’s hope he’s wrong.” — Financial Times “Unsettling…fascinating…a thorough analysis of how nations have manipulated their currencies…with disastrous consequences.” — Fort Worth Star-Telegram