Product Information
- "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."
Product Identifiers
Publisher
Penguin Publishing Group
ISBN-10
1591846706
ISBN-13
9781591846703
eBay Product ID (ePID)
168006113
Product Key Features
Book Title
Death of Money : the Coming Collapse of the International Monetary System
Author
Format
Hardcover
Language
English
Topic
International / Economics, Economic History, Economics / Theory, Money & Monetary Policy
Publication Year
2014
Genre
Business & Economics
Number of Pages
368 Pages
Dimensions
Item Length
9.3in
Item Height
1.2in
Item Width
6.3in
Item Weight
19.6 Oz
Additional Product Features
Lc Classification Number
Hg221.R513 2014
Grade from
Twelfth Grade
Reviews
"A fast-paced and apocalyptic look at the financial future, taking in financiers' greed, central banks' incompetence and impending Armageddon for the dollar...Rickards may be right that 'the system is going wobbly.'" - The Financial Times "A terrifically interesting and useful book . . . fascinating." - KENNETH W. DAM former deputy secretary of theTreasury and adviser to three presidents " The Death of Money contains very big, provocative ideas clearly explained anddelivered in an evenhanded tone that steers away from the sensational proclamationyet successfully undercuts conventional market wisdom. Rickards'sinsight enables him to connect the dots in a way that few others can. A worthysuccessor to Currency Wars ." - JOHN HATHAWAY portfolio manager, Tocqueville Gold Fund " The Death of Money is an engrossing account of the massive stresses accumulatingin the global financial system, especially since the 2008 financial crisis. JimRickards is a natural teacher. Any serious student of financial crises and theirroot causes needs to read this book." - JOHN H. MAKIN, PH.D. resident scholar, American EnterpriseInstitute; former chief economist, Caxton Associates "A crucial primer for investors and consumers for what lies immediately aheadfor the United States and a world that remains entirely dependent upon the dollar. The Death of Money is an important new book for those who worry about thefuture of our country." - R. CHRISTOPHER WHALEN noted bank analyst; author of Inflated "Rickards's analysis of the inflation-deflation paradox, dangerous adversaries tothe dollar, and the Fed's strategy is insightful. Following his bestseller Currency Wars , this book is even better. A great book makes you think differently aboutthe world-and this one does just that." - DON YOUNG twenty-five-time InstitutionalInvestor All-Star Analyst; former board member,Financial Accounting Standards Board, "A fast-paced and apocalyptic look at the financial future, taking in financiers' greed, central banks' incompetence and impending Armageddon for the dollar...Rickards may be right that 'the system is going wobbly.'" -- The Financial Times " The Death of Money makes a valuable contribution to our economic discourse." -- Forbes "James Rickards' The Death of Money is ... making it a veritable golden age for smart books on the current state of the global economy." -- Politico "A terrifically interesting and useful book . . . fascinating." -- KENNETH W. DAM, former deputy secretary of the Treasury and adviser to three presidents " The Death of Money contains very big, provocative ideas clearly explained and delivered in an evenhanded tone that steers away from the sensational proclamation yet successfully undercuts conventional market wisdom. Rickards's insight enables him to connect the dots in a way that few others can. A worthy successor to Currency Wars ." -- JOHN HATHAWAY, portfolio manager, Tocqueville Gold Fund " The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. Jim Rickards is a natural teacher. Any serious student of financial crises and their root causes needs to read this book." -- JOHN H. MAKIN, PH.D., resident scholar, American Enterprise Institute; former chief economist, Caxton Associates "A crucial primer for investors and consumers for what lies immediately ahead for the United States and a world that remains entirely dependent upon the dollar. The Death of Money is an important new book for those who worry about the future of our country." -- R. CHRISTOPHER WHALEN, noted bank analyst; author of Inflated "Rickards's analysis of the inflation-deflation paradox, dangerous adversaries to the dollar, and the Fed's strategy is insightful. Following his bestseller Currency Wars , this book is even better. A great book makes you think differently about the world--and this one does just that." -- DON YOUNG, twenty-five-time Institutional Investor All-Star Analyst; former board member, Financial Accounting Standards Board, "A terrifically interesting and useful book . . . fascinating." - KENNETH W. DAM former deputy secretary of theTreasury and adviser to three presidents " The Death of Money contains very big, provocative ideas clearly explained anddelivered in an evenhanded tone that steers away from the sensational proclamationyet successfully undercuts conventional market wisdom. Rickards'sinsight enables him to connect the dots in a way that few others can. A worthysuccessor to Currency Wars ." - JOHN HATHAWAY portfolio manager, Tocqueville Gold Fund " The Death of Money is an engrossing account of the massive stresses accumulatingin the global financial system, especially since the 2008 financial crisis. JimRickards is a natural teacher. Any serious student of financial crises and theirroot causes needs to read this book." - JOHN H. MAKIN, PH.D. resident scholar, American EnterpriseInstitute; former chief economist, Caxton Associates "A crucial primer for investors and consumers for what lies immediately aheadfor the United States and a world that remains entirely dependent upon the dollar. The Death of Money is an important new book for those who worry about thefuture of our country." - R. CHRISTOPHER WHALEN noted bank analyst; author of Inflated "Rickards's analysis of the inflation-deflation paradox, dangerous adversaries tothe dollar, and the Fed's strategy is insightful. Following his bestseller Currency Wars , this book is even better. A great book makes you think differently aboutthe world-and this one does just that." - DON YOUNG twenty-five-time InstitutionalInvestor All-Star Analyst; former board member,Financial Accounting Standards Board, "A fast-paced and apocalyptic look at the financial future, taking in financiers' greed, central banks' incompetence and impending Armageddon for the dollar...Rickards may be right that 'the system is going wobbly.'" -- The Financial Times " The Death of Money makes a valuable contribution to our economic discourse." -- Forbes "James Rickards' The Death of Money is ... making it a veritable golden age for smart books on the current state of the global economy." -- Politico "A terrifically interesting and useful book . . . fascinating." -- KENNETH W. DAM, former deputy secretary of theTreasury and adviser to three presidents " The Death of Money contains very big, provocative ideas clearly explained anddelivered in an evenhanded tone that steers away from the sensational proclamationyet successfully undercuts conventional market wisdom. Rickards'sinsight enables him to connect the dots in a way that few others can. A worthysuccessor to Currency Wars ." -- JOHN HATHAWAY, portfolio manager, Tocqueville Gold Fund " The Death of Money is an engrossing account of the massive stresses accumulatingin the global financial system, especially since the 2008 financial crisis. JimRickards is a natural teacher. Any serious student of financial crises and theirroot causes needs to read this book." -- JOHN H. MAKIN, PH.D., resident scholar, American EnterpriseInstitute; former chief economist, Caxton Associates "A crucial primer for investors and consumers for what lies immediately aheadfor the United States and a world that remains entirely dependent upon the dollar. The Death of Money is an important new book for those who worry about thefuture of our country." -- R. CHRISTOPHER WHALEN, noted bank analyst; author of Inflated "Rickards's analysis of the inflation-deflation paradox, dangerous adversaries tothe dollar, and the Fed's strategy is insightful. Following his bestseller CurrencyWars , this book is even better. A great book makes you think differently aboutthe world--and this one does just that." -- DON YOUNG, twenty-five-time InstitutionalInvestor All-Star Analyst; former board member,Financial Accounting Standards Board, "A fast-paced and apocalyptic look at the financial future, taking in financiers' greed, central banks' incompetence and impending Armageddon for the dollar...Rickards may be right that 'the system is going wobbly.'" - The Financial Times The Death of Money makes a valuable contribution to our economic discourse." - Forbes "James Rickards' The Death of Money is ... making it a veritable golden age for smart books on the current state of the global economy." -Politico "A terrifically interesting and useful book . . . fascinating." - KENNETH W. DAM former deputy secretary of theTreasury and adviser to three presidents " The Death of Money contains very big, provocative ideas clearly explained anddelivered in an evenhanded tone that steers away from the sensational proclamationyet successfully undercuts conventional market wisdom. Rickards'sinsight enables him to connect the dots in a way that few others can. A worthysuccessor to Currency Wars ." - JOHN HATHAWAY portfolio manager, Tocqueville Gold Fund " The Death of Money is an engrossing account of the massive stresses accumulatingin the global financial system, especially since the 2008 financial crisis. JimRickards is a natural teacher. Any serious student of financial crises and theirroot causes needs to read this book." - JOHN H. MAKIN, PH.D. resident scholar, American EnterpriseInstitute; former chief economist, Caxton Associates "A crucial primer for investors and consumers for what lies immediately aheadfor the United States and a world that remains entirely dependent upon the dollar. The Death of Money is an important new book for those who worry about thefuture of our country." - R. CHRISTOPHER WHALEN noted bank analyst; author of Inflated "Rickards's analysis of the inflation-deflation paradox, dangerous adversaries tothe dollar, and the Fed's strategy is insightful. Following his bestseller Currency Wars , this book is even better. A great book makes you think differently aboutthe world-and this one does just that." - DON YOUNG twenty-five-time InstitutionalInvestor All-Star Analyst; former board member,Financial Accounting Standards Board
Copyright Date
2014
Target Audience
Trade
Lccn
2014-004259
Dewey Decimal
332.4
Dewey Edition
23
Illustrated
Yes
