The death of money: the coming collapse of the international monetary system

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"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 oilproducing 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"--
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"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 oilproducing 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"--Provided by publisher.
Includes bibliographical references (pages 325-341) and index.
online resourcecr
9781591846703 (hardback)
ISBN:
9781591846703
9781591847410
9781469028842
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Grouped Work ID a9377d6f-dea6-7b5b-14a5-f440e7f03506
full_title death of money the coming collapse of the international monetary system
author rickards james
grouping_category book
lastUpdate 2018-01-07 01:53:19AM

Solr Details

accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
auth_author2 Pratt, Sean.
author Rickards, James.
author2-role , "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 oilproducing 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"--Provided by publisher., "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 oilproducing 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.", 1 online resource (1 audio file (13hr., 15 min.)) :digital., 11212635Midwest Tape, LLChttp://www.midwesttapes.com, 1469028840 (sound recording : hoopla Audio Book), 1591846706, 2014004259, 33021026222841abusiBUSINESSwf1422155a, 33021026222858abusiBUSINESSwf1422156a, 33021026222866abusiBUSINESSng1422157a, 332.4/5, 356 pages ;24 cm., 9781469028842 (sound recording : hoopla Audio Book), 9781591846703 (hardback), 9781591847410 (export edition), 984276, BUS045000BUS069000BUS000000, BUSINESS, BUSINESS & ECONOMICS / General., Business & Economics / Economics / General, Business & Economics / Money & Monetary Policy, Currency crises., DLCengrdaDLCDLCNjBwBT, Digital content provided by hoopla., Financial crises., HG221.R513 2014, Includes bibliographical references (pages 325-341) and index., International finance., MWT11212635, Made available through hoopla, Midwestrda, Mode of access: World Wide Web., Money, New York :Portfolio/Penguin,[2014], Pratt, Sean., Read by Sean Pratt., Rickards, James,author., Rickards, James., 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 systemJames Rickards., Unabridged., [United States]:Gildan Audio,2014., computerc, data file, digital, eAudiobook hoopla, hoopla digital., https://d2snwnmzyr8jue.cloudfront.net/gil_9781469028842_180.jpeg, online resourcecr, pcc, spoken wordspw, text, unmediated, volume
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display_description "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 oilproducing 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"--
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subject_facet BUSINESS & ECONOMICS / General, Business & Economics / Economics / General, Business & Economics / Money & Monetary Policy, Currency crises, Financial crises, International finance, 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 / James Rickards, The death of money : the coming collapse of the international monetary system [electronic resource] / James Rickards
title_short The death of money :
title_sub the coming collapse of the international monetary system
topic_facet BUSINESS & ECONOMICS / General, Currency crises, Financial crises, History, International finance, Money