The Death of Money by James Rickards. download. Look Inside download the Ebook: . “ The Death of Money makes a valuable contribution to our economic discourse.”. The Death of Money is about the demise of the dollar. By extension, it is also about the potential collapse of the international monetary system because. Editorial Reviews. Review. "A fast-paced and apocalyptic look at the financial future, taking in Kindle Store; ›; Kindle eBooks; ›; Business & Money.
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Read "The Death of Money The Coming Collapse of the International Monetary System" by James Rickards available from Rakuten Kobo. Sign up today and get . Read "The Death of Money The Coming Collapse of the International Monetary System" by James Rickards available from Rakuten Kobo. The next financial. eBook . In The Death Of Money James Rickards offers a bracing analysis of the fundamental problem: money and wealth have become.
Available Now 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 U. If the dollar fails, the entire international monetary system will fail with it. But optimists have always said, in essence, that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government. In the last few years, however, the risks have become too big to ignore. While Washington is gridlocked, our biggest rivals—China, Russia, and the oil-producing nations of the Middle East—are doing everything possible to end U.
Market collapse. James Rickards, the acclaimed author of Currency Wars , shows why money itself is now at risk and what we can all do to protect ourselves.
He explains the power of converting unreliable investments into real wealth: Each collapse was followed by a period of tumult: As he writes: He is a portfolio manager at the West Shore Group and an adviser on international economics and financial threats to the Department of… More about James Rickards. Join Reader Rewards and earn your way to a free book! Join Reader Rewards and earn points when you download this book from your favorite retailer. Economics Management Category: Economics Management.
Paperback —. download the Ebook: Add to Cart Add to Cart. About The Death of Money The next financial collapse will resemble nothing in history. Also by James Rickards. See all books by James Rickards. Product Details. Inspired by Your Browsing History. Related Articles. Looking for More Great Reads? Download our Spring Fiction Sampler Now. Friend Reviews. To see what your friends thought of this book, please sign up.
To ask other readers questions about The Death of Money , please sign up. Lists with This Book. Community Reviews. Showing Rating details. More filters. Sort order. 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 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.
Most of the book, however, is an inexpertly argued case for austerity economics. Rickards appears morally offended by inflation, government spending, and taxation. He feigns mastery of a values-free centre between centre-left and libertarian proposals for public policy but in reality he is ideologically committed to pushing the burden of bankers' mistakes onto households.
He believes wrongly that today's public debts are the result of excessive government spending. Rickards favours steep cuts to the following: The book descends into farce when Rickards writes an extended paean to a senior IMF official's scheme for a global currency coupled with globally binding limits on government spending and taxation. Rickards favours a technocratic approach to government in which the people and their elected representatives have as little say as possible in how their economy is organized.
He fetishizes markets and disregards questions of power inequalities. He is oblivious to his own moral and ideological preferences.
These authors do not pretend that economics is values-free View 1 comment. Nov 08, Eat. We're all screwed. download some gold and run for the hills. Jul 10, Will Ducey rated it it was amazing. Good read with some eye-opening sections. The things that stood out the most: 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 29 Good read with some eye-opening sections.
The conclusion section is a must read, starting on page The three paths: Jul 31, Miriam rated it it was ok. Gaffney So 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 look like a warm up. But Rickards insults our intelligence when he tells us that associates of Osama bin Laden were responsible for the insider trading.
But is it believable that the very same terrorists who sought to destroy America got away with profiting from the subsequent vast expansion of the US war machine? Yet, weeks later, the SEC quietly and inexplicably tabled its investigation. Instead of issuing indictments, the SEC took the unprecedented step of deputizing everyone associated with its probe.
This totaled hundreds, possibly thousands, of people. Why did the SEC do this? The answer was transparently obvious to former LAPD narcotics investigator Mike Ruppert, who pointed out that the SEC deputized its investigators to effectively gag them, no doubt, to prevent leakage of its actual findings. And what were those findings? Well, probably the inconvenient truth that the paper trail led not to bin Laden but back to Wall Street.
Brown, which merged with Bankers Trust in In , when B. Shattuck retired without a word of explanation even though he reportedly had three years remaining on his contract. He may be reached for comment at markhgaffney earthlink. May 28, Owlseyes on notre dame, it's so strange a hour blaze and Some time ago ago Russia and China struck a 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. But things are changing namely the Petrodollars status.
And yet why so many bitcoins being held by the FBI? View all 4 comments. Mar 21, Dan Korth rated it it was amazing. 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 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.
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 presented in both of his books is the understanding of what is happening in the world's economies and what factors are playing into the significant risks facing each one. This book continues the discussion from Currency Wars of the complexity models that the author advocates should be applied to economies and financial markets and provides some fascinating insight into the growing risks of financial warfare due to the increasing complexities of markets, banking systems and governments.
In a world saturated with noise and entertainment based political commentary in place of news and analysis, I found this book to be a refreshing, balanced, no nonsense evaluation of the state of the world. The picture it paints isn't pretty but I at least feel like I can look at the world through more informed eyes and maybe make investment and career decisions based on a better understanding of how things really are.
Mar 22, John rated it really liked it. The announcement by China in late or early that it has acquired over 4, tonnes of gold will be a landmark in this larger trend and a harbinger of inflation. This portfolio m http: This portfolio must be actively managed no portfolio intended to achieve these goals works for the "download-and-hold" investor.
We are not helpless; we can begin now to prepare to weather the inevitable outcome of the hubris of central banks. Students have a high propensity to spend, whether on tuition itself or on books, apartments, furniture, and beer. A record 21 million young adults between the ages 31 are living with their parents. Many of these stay at homes because of student loans are recent graduates who cannot pay rent or afford down payments on homes because of student loans.
For now, student loan cash flows and spending have helped deflation threat, but the student loan bubble will burst in the years ahead, making the debt and deficit crises worse. Apr 16, Emiliano Carrasco rated it really liked it Shelves: This was a tough read.
Not just because Rickards writes in a lot of technical terms watered down enough so as to not lose a layman like myself, but not so much that they become "dumbed down" , but also because it hits pretty close to a fear I've had all of my adult life: Makes sense coming from someone with such ridiculous anxieties as me, to wonder "Hey, what gives money value? Just our confidence? What happens when that is lost? So when I heard about this book from the folks at mysteriousuniverse.
The book is a very wide and detailed explanation of the multiple financial crashes that have happened in the past hundred or so years, as well as a dip into the history of fiat currency, gold standards, the International Monetary Fund, the Chinese, Japanese, European Union and the United States' economies.
It also takes a jab at predicting what's gonna happen in the future, and lays out a bunch of scenarios and solutions to the problems caused by the market collapse, the greediness of central banks and the establishment of the US Dollar as a reserve currency for the world.
In other words, it is a book that goes all over the place, throwing a lot of information at you and both scaring you and calming you down. I even watched a few of Rickards' interviews and conferences on Youtube, and I have to say, the guy is really good at making a case for gold to come back as a monetary standard, just to complement the ideas that this book has implanted in my head. But I digress. The book is good. Like, really good. Very technical and scary, yeah, but overall and exempting a few weird comments that might come off as overly conservative, but that are understandable given the author's age it is a great book.
The title is supposed to scare you into downloading it, and haha, it did the trick for me, but as the author explains in the first few pages, it's not about the death of money per se, but rather about the death of the USD as the reserve currency, and about the coming economic crash. This crash, he says, will resemble a lot the crisis and it will be something that we will bounce off from, as usual, but that it might be a good idea to be prepared for it when it comes.
Rickards knows what he's talking about, and you can tell. The book was published in , and the edition I read was a with a new preface that explains how some of the predictions and analysis from the first edition either came true or are on their way to come true.
Also, the way he interweaves history with explanation and with anecdotes of his own experience is pretty great. And if you'd like to fact check all the things he says, there is an ample bibliography at the end of the book. The book does tend to lose you every now and then, though, and that might have to do with how hard it is to concentrate on the subject at hand while juggling all the numbers and implications at the same time; but in the end it will be great reference material to come back to later, and I took good care of underlining and marking all the stuff that caught my attention.
I recommend it a lot, and remember that before heeding his advice on portfolio diversification and jumping out to download gold or fine art in order to protect your finances, you should read more material on the subject from more authors in order to make up your mind. Jul 31, Venky rated it really liked it Shelves: 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!
The peculiarity of such a trading was that put options were being traded betting on the stocks of the two concerned airlines going down. This frenzy of trading went unnoticed or was ignored as an aberration. Were the terrorists or someone within their network who was in the know of the ensuing insidious attacks indulging in insider trading to obtain pecuniary benefits in addition to wreaking a reign of terror? Although the investigating commission explored this angle only to discard it in their final report, Rickards firmly believes that this was also a financial warfare strategy adopted by the extremists to bring the dollar down to its knees.
Rickards, in this extremely fast paced and thriller like book, goes on to posit a few other theories and potential triggers which might signal the end of the American Dollar's prestigious status as the world's reserve currency. Some of the main contenders for the displacement of the dollar are: The burgeoning rise of SDRs especially in times such as the financial panic that gripped the world beginning might soon be the preferred reserve currency.
The fact that the dollar is diminishing in importance as one of the components of the basket of currencies making up the SDR bears ample testimony to this fact; Rickards also highlights the frantic download of gold by many nations in general and China in particular as a potential signal for the return of the gold standard which was abolished by Richard Nixon in The "stealth" procurement of gold reserves by China in Rickards estimate gives the nation gold reserves of a whopping 4, tonnes!
The establishment of a bank within the BRICS with a view to facilitate inter partner trading and also the trade engaged in by China with Latin America entirely being invoiced in currencies such as the Yuan and Peso to the exclusion of the dollar does not bode well for the American currency; Pinning its hopes on inflation and thereby printing trillions of dollars, the Federal Reserve is turning a blind eye to the potential deflationary conditions that might come to haunt it, according to Rickards.
The unfortunate experience of Japan is a case in point. The doomsday scenarios laid out by James Rickards in this stupendous book might not come to pass after all.
However the underlying signs and signals are inevitable and absolutely impossible to ignore. All these canaries in the mine and the elephants in the room however are being viewed dismissively by both mavens of economics and policy makers alike.
In the general interests of a well functioning and interconnected global economy, it is imperative that initiatives be taken sooner rather than later.
Jul 19, Nate rated it it was amazing. Entertaining read and very informative for those who aren't familiar with the role of the IMF in international monetary policy. Interesting analysis of the problems with the current International Monetary system and its imminent demise. Mar 08, Michele Harvey rated it really liked it. I used both the online print version and audio book version of this book simultaneously.
With my very limited understanding of economics, I still found this book difficult to follow at times. The book's title attracted me.
Though chilling in it's predictions throughout, this book is very educational as it sheds light on various global financial scenarios and feedback loops that have occurred, and those that can occur, as well as how they can occur, and what we can do to best position ourselves i I used both the online print version and audio book version of this book simultaneously. Though chilling in it's predictions throughout, this book is very educational as it sheds light on various global financial scenarios and feedback loops that have occurred, and those that can occur, as well as how they can occur, and what we can do to best position ourselves in each scenario, instead of sticking our heads in the sand.
Nov 22, Rori Rischak rated it really liked it Shelves: There are few authors from whom I learn more 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 There are few authors from whom I learn more than James Rickards. Rickards has the thesis that many economists are predicting future trends incorrectly, because they are looking at too narrow a set of sample data. They need to look at trends not over the last 50 years, but over the last hundreds of years, to properly understand the current state of the economy.
He also mentions chaos theory and how one little thing can have drastic, unforeseen consequences that transform the system as a whole. Then he talks about how the death of the dollar is certain and imminent. He also talks about how there are exactly three courses that the world can take: Rickards talks so much about how chaos and uncertainty, and then declares his predictions about the future with a certainty that is completely at odds with his argument that the economy is an inherently complex system full of uncertainty.
He strikes me as entirely too cocky and sure of himself with regards to his own predictions. I'm sure saying "The death of the dollar is upon us! Overall, I learned a ton from this book, and I'm glad I read it. May 05, Jenny rated it it was amazing. Absolutely fascinating!
Stretched my brain in a 1, 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. Nov 24, Kathleen Gear rated it it was amazing. This is a fascinating book.
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. Sep 28, Mark Bachmann rated it really liked it. 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 Despite its apocalyptic title, this is not really an end-of-days book. And while we're not talking quite Book of Revelation stuff here, the metamorphosis he envisions is inevitably a traumatic affair, particularly for the United States, whose currency enjoys a privileged status that cannot be expected to survive the approaching seismic shift.
So far as I can tell, Mr. Rickards is not an academically-trained economist. He is a fund manager who focuses on macro issues affecting his investments. However, he's well enough respected for his knowledge of the global monetary system that the U. Defense Department consults with him in war-scenario planning exercises, where hypothetical attacks against financial market targets are standard fare anymore.
And he seems well-enough versed in conventional economic theory too. He just doesn't consider it much help in coming to grips with the real crisis affecting the global economy today. For Rickards is a student of "Complexity Theory". And as such he does not offer any neatly-packaged prognostications of the type dear to the hearts of most academic economists. Complexity theorists, when applying their vision to economics, see financial markets as seas of mostly hidden variables, all of them playing off one another in ways that can never be predicted with any semblance of exactitude.
Small movements morph into storms before much at all is apparent.