The Death of Money: The Coming Collapse of the International Monetary System
| Author | : | |
| Rating | : | 4.96 (576 Votes) |
| Asin | : | 1591846706 |
| Format Type | : | paperback |
| Number of Pages | : | 368 Pages |
| Publish Date | : | 2016-02-01 |
| Language | : | English |
DESCRIPTION:
But true wealth is permanent and tangible, and it has real value worldwide. The fundamental problem is that money and wealth have become more and more detached. No other currency has the deep, liquid pools of assets needed to do the job. The potential results: Financial warfare. Only nations and individuals who make provision today will survive the maelstrom to come.”. The world’s major financial players—national governments, big banks, multilateral institutions—will always muddle through by patching together new
Offers many fresh perspectives while covering familiar ground en route to commonly stated conclusions 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 central banks favor inflation for a number of reasons, but that they are having a hard time forcing inflation it to occur. There is simply too much slack in the economy in the form of unused labor, capital, and product. "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 increases in the money supply.According to Rickards, it's only a question of time. Monetary collapse can sound quite alarmist to some. (The over-the-top title, probably selected by the editor, doesn't help). However, Rickards. "You might decide to review your investments." according to John B. Walters. 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 $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 deflation. In Europe the Euro has been propped up to cover the losses due to countries not adhering to their pledges to stabilize their economies China has over $3 trillion of investments denominated in U.S. dollars and eve. .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 deflation. In Europe the Euro has been propped up to cover the losses due to countries not adhering to their pledges to stabilize their economies China has over $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 deflation. In Europe the Euro has been propped up to cover the losses due to countries not adhering to their pledges to stabilize their economies China has over $3 trillion of investments denominated in U.S. dollars and eve. trillion of investments denominated in U.S. dollars and eve
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. He is a portfolio manager at West Shore Group and an adviser on international economics and financial threats to the Department of Defense and the U.S. . intelligence community. He served as facilitator of the first-ever financial&nb
Jim Rickards is a natural teacher. 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 . CHRISTOPHER WHALEN, noted bank analyst; author of Inflated “Rickards’s analysis of the inflation-deflation paradox, dangerous adversaries to the dollar, and the Fed’s strategy is insightful. Following his bestseller Currency Wars, this book is even better. Any serious student of financial crises and their root causes needs to read this book.” —JOHN H. Rickards’s insight enables him to connect the dots in a way that few others