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Currency Wars: The Making Of The Next Global Crisis (2011)

by James Rickards(Favorite Author)

4.02 of 5 Votes: 5

ISBN

1591844495 (ISBN13: 9781591844495)

languge

English

genre

History & Biography

publisher

Portfolio Hardcover

review 1: I never did develop a real interest in macroeconomics topics though I got a degree in economics, probably due to the concepts were quite far away from my twenty-something mind and life. The way this book put the concepts in historical and "war" context makes this a interesting read. Like a Chinese saying "商場如戰場", international trade is always a war zone and currency is no doubt a weapon. Currency wars have happened before, and will happen again, until everyone realizes that it is a mutually destructive weapon.The book paints a pretty terrifying future of the world economy. The worst is as an individual there isn't much one can do. The Fed's gamble on QEs seems to have worked out fine and the world might have dodged the bullet (so far), but who knows when that las... moret snowflake going to fall and trigger the avalanche. This book should be a must-read for everyone who studies macroeconomics, trade and policy, who may one day become the next generation policy maker.
review 2: It is unfortunate that I am unable to fully comprehend the idea as I am not all too familiar with the gold standard. Readers in my shoes should not worry too much as the author however did try his best to give a good history course with some brief explanations on the gold standard. I find that very helpful, albeit very minimal to fully appreciate the whole book. A second round of reading after some thorough study on the gold standard would most definitely be helpful.Regardless, the general concept is good enough to really make you see with your own eyes (or mind) what to expect for the future of fiat money. To think that the current fiat money is flawless reminds me of the notion that those who knows less thinks they know more whilst those that know more knows they know less. It is incredibly scary to think how will the current financial system go down in the next crisis. I hope it will not bring about a second depression but the author paints a rather clear (scary) picture that the current financial system is only delaying their inevitable deathblow. less

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