000 06068cam a2200457 i 4500
001 007526655
005 20180722215207.0
008 140228s2014 nyu b 001 0 eng
010 _a2014004259
016 7 _a016603187
_2Uk
019 _a852238870
_a864546045
020 _a1591846706 (hardback)
020 _a1591847419 (export edition)
020 _a9781591846703 (hardback)
020 _a9781591847410 (export edition)
024 8 _a40023501868
035 _a(OCoLC)852221374
_z(OCoLC)852238870
_z(OCoLC)864546045
040 _aDLC
_beng
_erda
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042 _apcc
049 _aNFGA
092 _a332.45
_bR539
100 1 _aRickards, James.
_9195865
245 1 4 _aThe death of money :
_bthe coming collapse of the international monetary system /
_cJames Rickards.
264 1 _aNew York :
_bPortfolio/Penguin,
_c[2014]
300 _a356 pages ;
_c24 cm
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
504 _aIncludes bibliographical references (pages 325-341) and index.
505 0 _aIntroduction -- Money and geopolitics. Prophesy ; The war god's face -- Money and markets. The ruin of markets ; China's new financial warlords ; The new German reich ; BELLs, BRICS, and beyond -- Money and wealth. Debt, deficits, and the dollar ; Central bank of the world ; Gold redux ; Crossroads ; Maelstrom -- Conclusion.
520 _a" "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." "--
_cProvided by publisher.
520 _a"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"--
_cProvided by publisher.
520 _aA sequel to the best-selling Currency Wars predicts a coming collapse of the monetary system while counseling investors on how to survive it, arguing that the dollar will be at the center of a crisis that will differentiate money from wealth.
650 0 _aCurrency crises.
_9195866
650 0 _aFinancial crises.
_941592
650 0 _aInternational finance.
_997379
650 0 _aMoney
_xHistory.
_946653
942 _cBOOK
_013
994 _aC0
_bNFG
998 _a007526655
999 _c171100
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