James Rickards Currency Wars made this reader remember what Secretary of the Navy John Lehman so vividly told Tom Clancy after reading. Currency Wars by Song Hongbing, also known as The Currency War, is a bestseller in China, devaluation, see Currency war. For James G. Rickards’ Currency Wars: The Making of the Next Global Crisis, see James G. Rickards. In , President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing.

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Empirical data is explained, showing that Keynesian multipliers are negative when governments print money except under rare circumstances coupled with relatively little quantitative easing Other historical data and economic indicators are laid out showing that some taxes produce a lot of gains for little investment, but the US has blown past the point of positive gains for current taxation levels meaning net productivity losses under current high tax burdens which leads to a high ratio of non-producing government employees to producers in the economy Unrest could lead to an uprising which could lead to physical war, especially with the ratio of young men to young women so unbalanced because of more than a generation of China’s “one child policy”.

Its solutions present hidden new dangers while resolving none of the current dilemmas. The author responded to these comment by saying “While many scholars have voiced their objections to this book, they are aimed at the details of the book, not its logic or structure.

From Wikipedia, the free encyclopedia. In some cases this tactic worked This book is frankly terrifying. The second part of a special issue, find out what it means to be a team player.

Does that make his argument against durrency Fed more credible or less credible? I didn’t know that for most of the past two hundred years, all currencies had fixed exchange values pinned to gold, and that the nations would work together when relative currency value adjustments were made.


The style is infused with an easy smugness that presumes absolute faith from the reader without bothering to substantiate any claims.

He is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. Why has the Federal Reserve failed on every level since ? By Robert Kiyosaki Posted December 26, Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale.

I personally feel it is still relevant to Dec 29, Irckards Kroese rated it it was amazing. However, he finds the author, by that time the structured finance department manager of Hong Yuan securities, [25] lacks financial expertise to be qualified to prescribe China with future directions.

Currency Wars: The Making of the Next Global Crisis

Is this book still relevant in ? Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a furrency informed and effective course of action.

Jan 31, Ryan Prenger rated it did not like it. As Rickards, points out, though, this policy had a hidden agenda: Overall it is a good read and is recommended to all. It is a store of economic value in a nation whose moral values are historically exceptional and therefore a light to the world.

Currency Wars – Wikipedia

The chapter on complexity and the new ways of measuring complexity and risk within a system were really interesting. No highly-educated electorate will vote for subservience to the principles of the price-specie flow mechanism when rickard are tough.

I think they are pretty much the same. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale.

Leverage our market expertise.

Thorough and well written. It also explained to me why we moved off the gold standard and the implications of a trust-backed currency. Instead, Rickards uses his conclusion that the world financial system has become too complex to advocate some old right wing chestnuts: See 2 questions about Currency Wars…. See all books by James Rickards. In fact, they are related. Rickards is an interesting guy. I want to develop the conceptual thinking about the currency. Currency Wars discusses the emergence of a new frontier wras the theatre of modern rickard that is often underestimated by the world governments.


Concise, well written, and thought provoking, Currency Wars should be read by all. Aug 28, Pages. Currency wars are one of the most destructive and feared outcomes in international economics.

These relative differences mean not all trading partners will share the currency and its resultant trade re-balancing equally.

The present currency war started in January There’s a lot of confidence in his arguments that comes only with hindsight, a characteristic feature of every economist. Because I spend much of my time building complex software systems and grappling with complexity in general, I found the discussion captivating currenvy in its applicable to money and in general.

One move in the status quo might bring China closer, as is already happening in Sino-Russian relations. When Rickards is addresses the specific issues of monetary policy, both in term I received this book for free in a Goodreads First Reads giveaway.

Currency Wars: The Making of the Next Global Crisis by James Rickards

The first is to impose their own tariffs on U. This does help sharpen the focus on the coming presidential election provided everything doesn’t completely unravel before then.

He favors a return in some form to a gold standard – a hotly debated topic since the Nixon era