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Download Currency Wars: The Making of the Next Global Crises Audiobook

Extended Audio Sample Currency Wars: The Making of the Next Global Crises, by James Richards, James Rickards Click for printable size audiobook cover
4 out of 54 out of 54 out of 54 out of 54 out of 5 4.00 (601 ratings) (rate this audio book) Author: James Richards, James Rickards Narrator: Walter Dixo Publisher: Gildan Audio Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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In 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. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.

Currency wars are one of the most destructive and feared outcomes in international economics. At 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.

Currency 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. And 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.

As James Rickards argues in Currency Wars, 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.

Baffling 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, they are 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. Its solutions present hidden new dangers while resolving none of the current dilemmas.

While 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. Download and start listening now!


Quotes & Awards

  • “One of the most urgent books of the fall.”


  • “Rickards…has written one of the scariest books I’ve read this year. Though I was tempted at first to dismiss him as alarmist, his intelligent reasoning soon convinced me that we have more to fear than fear itself. Part history, part primer and analysis, the text covers topics ranging from the ‘misuse of economics’ to complexity theory. The pieces, although disparate, fit together snugly, as in one of those mystery jigsaw puzzles that come with clues in lieu of cover art. The picture that emerges is dark yet comprehensive and satisfying.”

    Bloomberg Businessweek

  • “Unsettling…fascinating…a thorough analysis of how nations have manipulated their currencies…with disastrous consequences.”

    Fort Worth Star-Telegram

  • “Jim Rickards highlights dangerous dynamics between national security and the international financial markets. What we assumed was firm ground under our feet is more like the narrowing point of a precipice. Our politicians, national security experts, and financial markets, each chasing carrots dangling in front of them, fail to see that they are leading America right off the edge.”

    Charles A. Duelfer, former special adviser to the director of the CIA; author of Hide and Seek: The Search for Truth in Iraq

Listener Opinions

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Jeff Lacy | 2/16/2014

    " A thrilling, informative exploration about the manipulation of monetary policies around the globe for countries to achieve leverage their economic stability and also to undo the economies of other, usually smaller countries. Rickards tells us that the U. S. is one financial disaster, one natural disaster of the scope of Hurricane Katrina or greater because its deficit spending is impaired. If the US were confronted with a major war, it would not have the financial wherewithal to support to support the war. "Vulnerability to foreign creditors is now complete," states Rickards. In the face of any one of these crises, the US would be forced to resort to emergency measures. (p. 188). "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Dennis McMahon | 2/9/2014

    " A financial epiphany. Explains in chilling detail that deflating the currency never works and the negative consequences are global. Pray it never happens. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Kate Sherrod | 1/15/2014

    " This is the scariest damn book I read since Jeff Sharlet's THE FAMILY. No wait, scarier than that. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Tony | 1/5/2014

    " This is a great book, it puts perspective to the current macro outlook! "

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