Currency Wars: The Making of the Next Global Crisis
ISBN: 1591844495 | November 10, 2011 | EPUB/MOBI | 304 pages | 466 KB/585 KB
In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.
Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.
Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.
As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself.
Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. 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. Its solutions present hidden new dangers while resolving none of the current dilemmas.
While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance
112 - Der tagliche Wahnsinn: Ein Feuerwehrmann erzahlt
Krankenversicherung: Zahlen, Daten, Fakten. Gesetzlich und privat, Versicher
The IMF and Global Financial Crises: Phoenix Rising?
100 Questions & Answers About Osteoporosis and Osteopenia, Second Edition
Bulding a High-Performance Team
A Textbook of Modern Toxicology, 4th Edition
Outsourcing to India
The Handbook of Nonprofit Governance
Waging War on Complexity Costs: Reshape Your Cost Structure, Free Up Cash Fl
Path Integrals in Quantum Mechanics (Oxford Graduate Texts)
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.
Creating a Portfolio like Warren Buffett(1773)
Risk and Portfolio Analysis: Principles (1703)
Corporate Finance and Investment: Decisi(1651)
Handbook of the Economics of Finance, Vo(1546)
How to Make a Million Dollars an Hour: W(1464)
Business Statistics: Contemporary Decisi(1453)
No Fear Finance: An Introduction to Fina(1352)
Financial Engineering: The Evolution of (1296)
Macroeconomics: Principles and Policy, 1(1116)
The Payoff: Why Wall Street Always Wins(1061)
What's Right with Macroeconomics?(1026)
Time Series Data Analysis Using EViews(1015)
Dollars and Sex: How Economics Influence(1000)
Bulding a High-Performance Team(957)
Commodity Trader's Almanac 2013: For Act(893)
Principles of Microeconomics, 4th Editio(17553)
Guide to Financial Management(16641)
Financial Accounting (7th Edition)(15756)
The Interpretation of Financial Statemen(10640)
Damodaran on Valuation: Security Analysi(9330)
Van Horne: Fundamentals of Financial Man(9190)
Financial Risk Manager Handbook by Phili(9029)
Microeconomics of Banking(8687)
Financial Analysis with Microsoft Excel (8027)
Financial Reporting, Financial Statement(6748)
International Economics, 13th edition(6711)
Financial Planning Using Excel: Forecast(6620)
The Econometrics of Financial Markets (p(6354)
Principles of Managerial Finance, 12th E(6299)
Business Statistics: Contemporary Decisi(6238)