The Death of Money: The Coming Collapse of the International Monetary System
| Author | : | |
| Rating | : | 4.46 (675 Votes) |
| Asin | : | 1591846706 |
| Format Type | : | paperback |
| Number of Pages | : | 368 Pages |
| Publish Date | : | 2015-12-16 |
| Language | : | English |
DESCRIPTION:
JAMES RICKARDS is the author of the national bestseller Currency Wars, which has been translated into eight languages and won raves from the likes of the Financial Times, Bloomberg, and Politico. . intelligence community. He served as facilitator of the first-ever financial war ga
As he writes: “The coming collapse of the dollar and the international monetary system is entirely foreseeable. Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar.”The international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Each collapse was followed by a period of tumult: war, civil unrest, or significant damage to the stability of the global economy. No other currency has the deep, liquid pools of assets needed to do the job. The real victims of the next crisis will be small investors who assumed that what worked for decades will keep working. The potential results: Financial warfare. monetary hegemony. The world’s major financial players—national governments, big banks, multilateral institutions—will always muddle through by patching together new rules of the game. Now James Rickards, the acclaimed author of Currency Wars, shows why another collapse is rapidly approaching—and why this time, nothing less than the institution of money itself is at risk. Optimists have always said, in essence, that there’s nothing to w
"Offers many fresh perspectives while covering familiar ground en route to commonly stated conclusions" according to Graham H. Seibert. The introduction suggests that this book is going to rehash some fairly common themes. Then, delightfully, the first chapters veers off on an unexpected tangent, followed by an equally astute, and unexpected second chapter.The introduction suggests that we are in for a time of either inflation or deflation, and that they are both equally dangerous. The thesis he repeats throughout the book is that c. "Plenty to chew on" according to Erez Davidi. I very much enjoyed Rickards' first book, "Currency Wars." This was a very good sequel, although in my opinion it doesn't rise to the same level.The premise of the book is fairly straight forward: The current monetary system is unsustainable and it's bound to collapse. It all can be boiled down to a few reasons: debt, structural problems in the world economy, derivatives, and out-of-control increase. You might decide to review your investments. The Death of Money(The coming collapse of the Internal Monetary System)By; James Rickards This is a disturbing book that describes all of the many issues of concern relating to fiscal sanity. The Federal Reserve has just finished printing over $3.2 trillion dollars out of thin air, which has the effect of lowering the value of each dollar in circulation. They did this to try to keep us out of deflat
Following his bestseller Currency Wars, this book is even better. A worthy successor to Currency Wars.” —JOHN HATHAWAY, portfolio manager, Tocqueville Gold Fund “The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. A great book makes you think differently about the world—and this one does just that.” —DON YOUNG, twenty-five-time Institutional Investor All-Star Analyst; former board member, Financial Accounting Standards Board . DAM, former deputy secretary of the Treasury and adviser to three presidents “The Death of Money contains very big, provocative ideas clearly explained and delivered