The Death of Money: The Coming Collapse of the International Monetary System
| Author | : | |
| Rating | : | 4.41 (986 Votes) |
| Asin | : | B00IZLPMKO |
| Format Type | : | |
| Number of Pages | : | 450 Pages |
| Publish Date | : | 2015-02-24 |
| Language | : | English |
DESCRIPTION:
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 p. Plenty to chew on 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, Ri. You might decide to review your investments. 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 $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 a
Rickards explains the power of converting unreliable money into real wealth: gold, land, fine art, and other long-term stores of value. The potential results: Financial warfare. But in the last few years, the risks have become too big to ignore. 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. Fortunately, it's not too late to prepare for the coming death of money. The author shows how everyday citizens who save and invest have become guinea pigs in the central bankers' laboratory. Deflation. Ma