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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Trivia About Currency Wars: However, as the premise underlying this book is based on advantages gained by currency depreciation, I will illustrate here how a nation can gain an export jjm by devaluing its currency, taking the Pound GBP as an example. The Japanese Lost decadethe Asian Financial Crisisthe Latin American financial crisis and others are attributed to this cause.

Currency Wars: The Making of the Next Global Crisis

But the Eurozone is a benign example and is not an offender of deliberate devaluation. It reveals just how fragile the game governments are playing is and how even a currency war with no obvious mortal victims is actually a deadly game of attrition. The worst is as an individual there isn’t much one can do.

You must read this book. 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. My thesis is that currency wars are followed by trade wars and then finally shooting wars among major powers.

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He proposes some common sense reforms to forestall that collapse: It is hard to cyrrency that we, and the rest of the world, will rise to challenge to do the right things to avoid complete economic collapse, but that is what I must hope for. Although he rails against debt and 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.

And the start of brings us to a critical moment. Rickards has clearly written a thought-provoking book designed to challenge your preconceptions on the international currency markets, but Currency Wars: Crisply written with just the right level of theory to prove points without dragging rjckards reader into detailed James Rickards has combined a thought provoking mix of history, economics, current events, and his own experience to produce a jm and thought provoking book.

The opening line reads in part: Think this is far-fetched? Reading this book felt a lot like watching the movieafter the year It discusses more specifically the modern Chinese History from Chiang Kai-shek to the depreciation in the long term trend of U. That is my own failing and not that of the author’s, who did a great job of laying out what a currency war is, how previous currency wars have played out, and what is happening with the current one.

Song also is of the opinion that the famous U. We’re shackling our “The path of the dollar is unsustainable and therefore the dollar will not be sustained. We’re shackling our kids to a future of slavery.

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Currency Wars – Wikipedia

Mar 27, Evan rated it liked it Shelves: For a discussion of competitive devaluation, see Currency war. I think this book only covers up toso I wonder how much has changed since he wrote it. Rickards is a well trained and experienced, commentator on economics, geopolitics and finance. The chapter on complexity and the new ways of measuring complexity and risk within a system were really interesting.

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

Rickards frames his book with an anecdote about his participation in a pentagon war game designed to simulate financial markets.

Furthermore, is it even possible in the age of mass democracy to operate such a disciplined system of exchange? The book follows a mundane chronological structure that seems labored. A few notable excerpts: The new trade war started in January with the announcement of tariffs, and those tariffs actually began to take effect last week. Dec 29, Robert Kroese rated it it was amazing.

Is this curremcy still relevant in ? These relative differences mean not all trading partners will share the currency and its resultant trade re-balancing equally. What are the implications of Obama’s policy to double exports?

Without a doubt, our current economic situation sars 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.