• June 19, 2019

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 Making of the Next Global Crisis is also a welcome history of twentieth century monetary policy and an excellent introduction to the basic economics of trade amongst nations. I do have more understanding of monetary issues, global conflicts, and our current state of indebtedness thanks to this book, so Rickardds would recommend it, despite my lack of ability to complete grasp all aspects covered.

No trivia or quizzes yet.

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

I’ve also watched some of his presentations at investor conferences. Jan 31, Ryan Prenger rated it did not like it. Dec 16, Shivanshu Singh rated it really liked it Shelves: The debasement of the dollar cannot proceed without the debasement of those values and that exceptionalism. Want to Read saving…. It sounds a Reading this book felt a lot like watching the movieafter the year In some cases this tactic worked to some degree over the short term, but over the long term it resulted in competitive currency devaluations with disastrous social and economic consequences.

I hope it will not bring about a second depression but the author paints a rather clear scary picture that the current financial system is only delaying their inevitable deathblow.


In MayCurrency Wars 3: From WWI tocuurrency book covers, in chronological order, various financial recessions and crisis including, but not limited to, the great depression and market crash.

The threat presented by a collapse of the dollar is both clear and present and the potential outcomes are disturbing. Dec 24, C. Scary to think how much our currency is pegged to nothing but perception, and how China could destroy our war by calling in our debt to then when their bonds come due.

Currency Wars: The Making of the Next Global Crisis

In Julythe book was followed by a sequel, Currency Wars 2: America started the 3rd currency war and by all means other nations do have every right to hate us and seek revenge. 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.

I found it mildly entertaining, but only because I have a predilection for the subject. 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. The first page itself shows how outdated the book is.

Collapse is a sudden, involuntary and chaotic form of simplification. 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 wafs going to happen, there’s nothing much in this book that’s gonna convince you otherwise.

Rickafds hard right libertarian worldview interferes with his reasoning, providing nonsensical talking points unsupported by the examples provided.


From WWI tothis book covers, in chronological order, various financial recessions and crisis Currency Wars discusses the emergence of a new frontier in the theatre of modern warfare that is often underestimated by the world governments. Given the fragility of the US economy debt being held by China, othersthis is more than plausible. 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.

Just a moment while we sign you in to your Goodreads account. Yet he also repeatedly states, without any supporting evidence, that government regulation is a bad thing and harmful to the economy.

Not only have their theories failed to prevent calamity, they are making the currency wars worse.

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

Because it was the existence of a corporate income tax that made the banks too big to fail. Not sure if anything new here. Does that make his argument against the Fed more credible or less credible? Retrieved June 13, All rickardss are hereby required to deliver, on or before May 1,to a Federal reserve bank. The fact that Britain could maintain a stable monetary policy during the nineteenth century Gold Standard is because trades unions, workers and voters had no say when wages and prices were forced down by the harsh internal adjustment necessary to protect currncy fixed exchange rate.