Summary of Currency Wars
From CURRENCY WARS by James Rickards
Copyright © by James Rickards, 2011. Summarized by arrangement with Portfolio, a member of Penguin Group (USA)
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Financial counselor, investment banker and risk manager James Rickards believes that every dollar, euro and yuan tells a story, and their stories could have an unhappy ending. His work for the US government as a consultant on world finance gives him an unparalleled view into the imminent threats financial terrorism poses to the US dollar and to global capital markets. Rickards uses dramatic prose, historical references and geopolitics to create an instructive, but sometimes plodding and even overheated, tale about currencies, gold and the international foreign exchange markets. Rickards follows the money and draws a clear link between cash and conflict. getAbstract says readers who travel with him are in for an intriguing ride.
In this summary, you will learn
- How the US prepares for financial terrorism,
- How three major “currency wars” have roiled the modern era and
- Why the US dollar’s role as the world’s reserve currency is likely to diminish.
About the Author
James Rickards advises government agencies on global finance. He is also the senior managing director at Tangent Capital Partners, a New York City-based merchant bank.
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Comment on this summary
2 years agoI really liked this book. Had a good analysis of currency wars and why they happen and reasons that they can last years (even decades). Also appreciate the history of China (Chapter 4 in the book).
3 years agoYou can be translated into Russian ?
3 years agoУважаемый читатель,
Нами запланировано издание изложения этой книги на русском языке.
Русская редакция getAbstract
6 years agoIt'd be quite a stretch to say it's "war". US dollar, yen, Euro, Yuan are more in need of each other than against each other. Gold is too inflexible to oil the modern economic machine and to get rid of US dollar's leadership another currency has to be strong enough to be the alternative. After all, a country's currency is backed by its military power. Fed can feel free to print money, as long as no other country can challenge the US from air, land, sea, and space.