Pulse en una miniatura para ir a Google Books.
|
Cargando... The Death of Money: The Coming Collapse of the International Monetary Systempor James Rickards
   Ninguno Actualmente no hay Conversaciones sobre este libro.   ) KKOR2029 | Feb 19, 2024 |  First, the section on the euro is mid boggling, serving the single currency up as a stunning success story bringing prosperity to the Eurozone periphery. Not only this, but Rickards chides critics of the euro for not taking the political will to make the thing work into account. Perhaps, but if political will can warp economic reality in Europe, why can't it do so in the United States, Britain, or Japan, whose economies are on Rickards' Naughty Step. Secondly, Rickards claims that China's extensive holdings of dollar denominated debt gives it geo-political leverage over the United States. I've heard this argument before; that if the two countries ever faced over, say, Taiwan, the Chinese could threaten to sink the dollar. Of course, in doing so they would also sink the value of those extensive holdings of dollar denominated debt. Rickards argues that this would not concern the Chinese as their game is strategic, not economic, but if the harm would be asymmetric would it not lay in the other direction? If China trashed the dollar, accepting the hit on its reserves, the things those dollars are claims on, all that stuff between Portland, Maine and Portland, Oregon, would still be in the United States. The Chinese would have reduced their command over American assets and those assets would still be in the United States. These quibbles apart, the world economy is still in a perilous situation. This book does a good job of conveying how perilous. (  ) JohnPhelan | Oct 4, 2016 |  ) scubareader | Mar 15, 2015 | I had to read it twice to absorb all of the ideas. ( )1  cakecop | Jul 6, 2014 | BetteMW | Jun 27, 2014 | sin reseñas | añadir una reseña
A sequel to the best-selling Currency Wars predicts a coming collapse of the monetary system while counseling investors on how to survive it, arguing that the dollar will be at the center of a crisis that will differentiate money from wealth.
" "The next financial collapse will resemble nothing in history. 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. 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. The American dollar has been the global reserve currency since the end of the Second World War. If the dollar fails, the entire international monetary system will fail with it. No other currency has the deep, liquid pools of assets needed to do the job. Optimists have always said, in essence, that there's nothing to worry about-that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government. But in the last few years, the risks have become too big to ignore. While Washington is gridlocked and unable to make progress on our long-term problems, our biggest economic competitors-China, Russia, and the oil producing nations of the Middle East-are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos. Rickards offers a bracing analysis of these and other threats to the dollar. The fundamental problem is that money and wealth have become more and more detached. Money is transitory and ephemeral, and it may soon be worthless if central bankers and politicians continue on their current path. But true wealth is permanent and tangible, and it has real value worldwide. The author shows how everyday citizens who save and invest have become guinea pigs in the central bankers' laboratory. The world's major financial players-national governments, big banks, multilateral institutions-will always muddle through by patching together new rules of the game. The real victims of the next crisis will be small investors who assumed that what worked for decades will keep working. Fortunately, it's not too late to prepare for the coming death of money. Rickards explains the power of converting unreliable money into real wealth: gold, land, fine art, and other long-term stores of value. As he writes: "The coming collapse of the dollar and the international monetary system is entirely foreseeable. Only nations and individuals who make provision today will survive the maelstrom to come." "--
"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. 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. The American dollar has been the global reserve currency since the end of the Second World War. If the dollar fails, the entire international monetary system will fail with it. No other currency has the deep, liquid pools of assets needed to do the job. Optimists have always said, in essence, that there's nothing to worry about--that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government. But in the last few years, the risks have become too big to ignore. While Washington is gridlocked and unable to make progress on our long-term problems, our biggest economic competitors--China, Russia, and the oil producing nations of the Middle East--are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos"-- No se han encontrado descripciones de biblioteca. |
Debates activosNingunoCubiertas populares
 Google Books — Cargando...GénerosSistema Decimal Melvil (DDC)332.4Social sciences Economics Finance MoneyClasificación de la Biblioteca del CongresoValoraciónPromedio: (3.57)
¿Eres tú?Conviértete en un Autor de LibraryThing. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1