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Currency Wars
Book

Currency Wars

The Making of the Next Global Crisis

Portfolio, 2011 más...


Editorial Rating

9

Qualities

  • Innovative

Recommendation

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 Rickards uses dramatic prose, historical references and geopolitics to create an instructive, but sometimes plodding and even overheated, tale about currencies, gold and the international foreign exchange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.

Take-Aways

  • Foreign exchange could replace bombs and bullets in global warfare.
  • The threat of financial terrorism prompted the Pentagon to develop a war game to simulate a global economic battle.
  • Currency conflicts usually begin within a domestic economy, when a nation devalues its money to boost exports and demand.

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.


Comment on this summary or Comenzar discusión

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    M. I. 8 years ago
    I 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).
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    Ð. Ð. 9 years ago
    You can be translated into Russian ?
    • Avatar
      9 years ago
      Уважаемый читатель,

      Нами запланировано издание изложения этой книги на русском языке.

      Русская редакция getAbstract
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    W. L. 1 decade ago
    It'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.

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