The death of money: the coming collapse of the international monetary system
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Description
"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."
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Grouping Information
Grouped Work ID | dd81c753-892b-b6a9-47a9-535446eb1ce0 |
---|---|
Grouping Title | death of money the coming collapse of the international monetary system |
Grouping Author | james rickards |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2024-03-20 19:13:50PM |
Last Indexed | 2024-03-29 01:44:44AM |
Solr Fields
accelerated_reader_point_value
0
accelerated_reader_reading_level
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auth_author2
Pratt, Sean
author
Rickards, James
author2-role
Pratt, Sean,reader
hoopla digital
hoopla digital
author_display
Rickards, James
available_at_lafayette
Lafayette Public Library
detailed_location_lafayette
Lafayette Nonfiction Area
display_description
"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."
format_category_lafayette
Audio Books
Books
eBook
Books
eBook
format_lafayette
Book
eAudiobook
eAudiobook
id
dd81c753-892b-b6a9-47a9-535446eb1ce0
isbn
9781469028842
9781469028859
9781591846703
9781469028859
9781591846703
itype_lafayette
hardcover book
last_indexed
2024-03-29T07:44:44.142Z
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literary_form
Non Fiction
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Non Fiction
local_callnumber_lafayette
332.45 Ric
owning_library_lafayette
Lafayette Public Library
owning_location_lafayette
Lafayette Public Library
primary_isbn
9781591846703
publishDate
2014
publisher
Ascent Audio
Gildan Audio
Portfolio Hardcover
Gildan Audio
Portfolio Hardcover
recordtype
grouped_work
subject_facet
Business
Currency crises
Economic conditions
Economic theory
Economics
Financial crises
International finance
Monetary policy
Money -- History
Currency crises
Economic conditions
Economic theory
Economics
Financial crises
International finance
Monetary policy
Money -- History
title_display
The death of money : the coming collapse of the international monetary system
title_full
The Death of Money : the coming collapse of the international monetary system [electronic resource] / James Rickards
The death of money : the coming collapse of the international monetary system / James Rickards
The death of money : the coming collapse of the international monetary system / James Rickards
title_short
The death of money
title_sub
the coming collapse of the international monetary system
topic_facet
Business
Currency crises
Economic conditions
Economic theory
Economics
Financial crises
History
International finance
Monetary policy
Money
Currency crises
Economic conditions
Economic theory
Economics
Financial crises
History
International finance
Monetary policy
Money
Solr Details Tables
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hoopla:MWT12464100 | eAudiobook | Audio Books | Unabridged | English | Ascent Audio | 2014 | 1 online resource (1 audio file (13hr., 15 min.)) : digital. |
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More Details
Contributors:
ISBN:
9781591846703
9781469028842
9781469028859
9781469028842
9781469028859