{"product_id":"currency-wars-james-rickards-9781591845560","title":"Currency Wars: The Making of the Next Global Crisis by James Rickards","description":"\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003e\u003cb\u003eIn 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.\u003c\/b\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003eToday we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003e\u003cb\u003eCurrency wars are one of the most destructive and feared outcomes in international economics.\u003c\/b\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003eAt 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.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003e\u003cb\u003eCurrency 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.\u003c\/b\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003eAnd 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.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003e\u003cb\u003eAs James Rickards argues in \u003ci\u003eCurrency Wars\u003c\/i\u003e, 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.\u003c\/b\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003eBaffling 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, but they are also 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.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003e\u003cb\u003eIts solutions present hidden new dangers while resolving none of the current dilemmas.\u003c\/b\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003eWhile 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.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"margin-bottom: 11px; text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style=\"font-family:Aptos,sans-serif\"\u003e\u003cb\u003eRickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.\u003c\/b\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cspan style=\"font-size:18px;\"\u003e\u003cb\u003e\u003ci\u003e\u003cu\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style='font-family:\"Aptos\",sans-serif'\u003eCurrency Wars\u003c\/span\u003e\u003c\/span\u003e\u003c\/u\u003e\u003cspan style=\"line-height:107%\"\u003e\u003cspan style='font-family:\"Aptos\",sans-serif'\u003e: The Making of the Next Global Crisis\u003c\/span\u003e\u003c\/span\u003e\u003c\/i\u003e\u003cbr\u003e\n\u003cspan style=\"line-height:107%\"\u003e\u003cspan style='font-family:\"Aptos\",sans-serif'\u003eby James Rickards\u003c\/span\u003e\u003c\/span\u003e\u003c\/b\u003e\u003c\/span\u003e\u003c\/p\u003e\n","brand":"Bust-Down Books","offers":[{"title":"Default Title","offer_id":49957530730811,"sku":"1591845564","price":13.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0855\/2077\/7531\/files\/12190ff3efada89e3a4716fa3d0bf50b.jpg?v=1737456969","url":"https:\/\/bustdownbooks.com\/products\/currency-wars-james-rickards-9781591845560","provider":"Bust-Down Books","version":"1.0","type":"link"}