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The Death of Money: The Coming Collapse of the International Monetary System #2020

The Death of Money The Coming Collapse of the International Monetary System 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

  • Title: The Death of Money: The Coming Collapse of the International Monetary System
  • Author: James Rickards
  • ISBN: 9781591846703
  • Page: 381
  • Format: Hardcover
  • The Death of Money: The Coming Collapse of the International Monetary System By James Rickards, 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 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 and 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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      Published :2019-09-20T16:45:32+00:00

    1 thought on “The Death of Money: The Coming Collapse of the International Monetary System

    1. James Rickards begins this book with an interesting account of how systems for detecting insider trading in futures markets can be integrated with conventional counter terrorism techniques He takes the discussion further by outlining financial warfare scenarios in which hostile nations use malicious interventions in markets to damage an adversary This part of the book works well because it rests on what the author knows He is a genuine expert in these matters.Most of the book, however, is an ine [...]

    2. Good read with some eye opening sections The things that stood out the most terrorists can will short stocks when they know a stock may plummet from a terror attack happened on 9 11 , China has many ghost cities, and lastly China may be in cahoots with the US to keep the dollar bubble going as it looks to be mutually beneficial for both parties Change is coming One way or another our current global monetary system is going to change The conclusion section is a must read, starting on page 292.The [...]

    3. Did Al Qaeda Cash in on the 9 11 Attacks by Mark H GaffneySo says James Rickards, author of the hot bestseller, The Death of Money, The Coming Collapse of the International Monetary System, which presents a persuasive argument that citizens of planet earth face an imminent global financial meltdown, one that will make 2008 look like a warm up.Rickards book includes insightful chapters about Germany and the Eurozone, the BRICS, China, the IMF, as well as a clear analysis about how the Federal Res [...]

    4. Some time ago ago Russia and China struck a 400 billion dollar agreement on gas a sign of the times, an Asian economic block a building It seems Russia wants to prove to the US it can find other business partners others than Europe Russia and China, says Rickards, on the other side don t have a debt bonds market sufficiently big, so the dollar is still a reserve currency But things are changing namely the Petrodollars status Rickards predicts a liquidity crisis to happen and the IMF to bail it o [...]

    5. Rickard s incredible breadth of experience and depth of understanding of the intricacies of the world s financial systems is again on display in incredible fashion in this follow up to Currency Wars I ve read Currency Wars three times now and most of this book twice and am still amazed at how much ground is covered in each book Although The Death of Money does offer some investment recommendations at the end of this book something I felt was lacking in CW I feel like the real value to what s pre [...]

    6. riosmauricio wp contenThe announcement by China in late 2014 or early 2015 that it has acquired over 4,000 tonnes of gold will be a landmark in this larger trend and a harbinger of inflation A portfolio of 20% gold, 20% land, 10% fine art, 20% alternative funds, and 30% cash should offer an optimal combination of wealth preservation under conditions of inflation, deflation, and social unrest, while providing high risk adjusted returns and reasonable liquidity This portfolio must be actively mana [...]

    7. Absolutely fascinating Stretched my brain in a 1,000 different ways given that I don t normally read about the economy particularly in this much detail but it provided tremendous insight into the state of the global economy and what current political, economic, and private interests are at play.

    8. In this where Ian Fleming meets Michael Lewis meets John Le Carre, James Rickards knocked the very stuffing out of yours truly and left me reeling with incredulity Brash, egregious and outspoken, The Death of Money , is a roller coaster experience which at times is so surreal that you may be forgiven for thinking that Rickards is trying to pull the carpet from underneath you Just 3 days before the infamous 9 11 disaster there was an unusual element of trading in the stocks of both American and U [...]

    9. Entertaining read and very informative for those who aren t familiar with the role of the IMF in international monetary policy.

    10. Interesting analysis of the problems with the current International Monetary system and its imminent demise.

    11. There are few authors from whom I learn than James Rickards Both this book and his first offering Money Wars are chock full of information on the global economy and how different countries interact with one another His books are so information dense that they often take me a while to get through them I have to step back and digest the information every so often , but I feel like a better informed citizen once I m done reading.The reason I m knocking off a star Rickards has the thesis that many [...]

    12. This is a fascinating book Scary Gives you a in depth perspective on the global economy and the role monetary policy plays in the rise and fall of civilizations Especially interesting if you love anthropology or sociology.

    13. Despite its apocalyptic title, this is not really an end of days book James Rickards is an astute analyst, and what he s writing about here is not really disappearance of the international monetary order so much as its transition into something radically new What sets him apart from at least some of the other writers focusing nowadays on similar issues is that he has some fairly well grounded ideas about what shape the new order may be trying to take And while we re not talking quite Book of Rev [...]

    14. The most enjoyable parts of this book are the story about predicting insider trading However, being new to many of the global economic workings, I found a lot of new avenues to research His cases for gold require backing for my taste and I was astounded to find that many of the key points around the difficulty of moving gold around the world are better arguments for bitcoin or a new IMF designed and controlled cryptocurrency.Now I m off to read his recent book to see if his arguments have chan [...]

    15. An eye opener in the real sense with lot of insider information on the current state of our financial system So much is covered in this primer, dollar hegemony that is about to end, rise of China which might not be such a good thing, primacy of Gold which is real money , full account of a small coterie of bureaucrats and technocrats who control and regularly messes up with global financial system It is overall an interesting read, I don t think author has nailed this topic out in this book but d [...]

    16. While the title of the book is catchy and hence i picked it up , the book talks of the death of the Dollar as a reserve currency as opposed to the system of money we are used to.The book is written in a logical, composed manner walking the reader through the complexities of the modern financial world However there are parts which require a deeper understanding of finance and some background reading The end gives the two things a reader would want from the book the early indicators of such a coll [...]

    17. I had just started reading a book on this topic but had to give up, something I almost never do, because it was discussing economic theory at a clinical graduate level that made it difficult to follow and I do have an MBA So deciding to switch to the Death of Money, I was concerned about at what level this was written.This was not the case In fact, this author really made this subject easy to understand and also made it interesting He included many examples and filled in with plenty of little kn [...]

    18. Exquisite Hard to argue with a man who is pretty much always right Predicted Brexit checkPredicted Trump would win checkCorrectly predicted the past dozen or so Fed Reserve Rate moves I don t have schooling in finance Jim s books serve as my education They are compelling and as broad as they are deep Jim illustrates how financial systems mirror those in the natural world, like hurricanes His metaphors are intriguing and his pedigree is superb Agree or disagree, you will be intellectually challen [...]

    19. I should have done some research on the author before ordering proudly describing project work for the CIA at the beginning really put me off For people looking for alternative views and truth, you will probably be disappointed Consider this snippet The 9 11 Commission Report is a monumental and excellent summary, a brilliant work of history Having said that, on the financial side there is plenty of good information, yet nothing groundbreaking that hasn t been said or heard in alternative news f [...]

    20. A sobering read about the upcoming collapse of the dollar as a reserve currency, the problems with our debt in the US, and that other countries are in trouble too Also covers how gold fits into this Book 500 for me.

    21. I enjoyed reading this contrarian view not because it opposes the majority, but because it tries to describe how financial systems fit into the framework While Buffet explains economy and stock patterns as cyclical events, Rickards put them into systematic equasion A great read and an eye opener.

    22. It was an OK book I found the first part, when it describes the history of monetary systems, extremely interesting, but it became a boring read after that when it went on to describe SDR and the situation of the main player in world economy, such as the USA, China, EU, etc.

    23. This book is quite interesting and helps me understand finance from a new perspective Most part of the book is easy to understand even for one without much knowledge of finance.

    24. Very fascinating, James doesn t pull many punches on the technical macroeconomics so it can get quite complicated.

    25. The Death of Money The Coming Collapse of the International Monetary System by Jim Rickards is a nice analysis of the fragility of the dollar based, central bank dominated international monetary system He has a wide knowledge of the intricate relationships between various parties national governments, banks, individual consumers, companies, the IMF, and the EU among them and is able to weave a captivating analysis of the monetary system I imagine that most that pick up this book are aware that s [...]

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