Currency Wars: The Making of the Next Global Crises Audiobook (Free)

In 1971, Chief executive Nixon imposed national cost controls and took america off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. money. Today we are involved in a new currency war, which time the consequences will be much worse than those that confronted Nixon.

Currency wars are one of the most destructive and feared results in international economics. At best, they provide the sorry spectacle of countries’ stealing about Currency Wars: The Making of the Next Global Crises development from their trading partners. At worst, they degenerate into sequential bouts of inflation, tough economy, retaliation, and sometimes actual violence. Remaining unchecked, the next currency war may lead to a crisis even worse than the anxiety of 2008.

Money wars have happened before-twice in the last century alone-and they always end badly. Over and over, paper currencies possess collapsed, assets have already been iced, gold has been confiscated, and capital settings have been enforced. And the next crash is certainly overdue. Latest headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are indicators from the growing conflict.

As Wayne Rickards argues in Currency Wars, that is more than just a concern for economists and investors. The United States is facing critical threats to its national protection, from clandestine gold buys by China towards the concealed agendas of sovereign prosperity funds. Higher than any solitary threat may be the extremely real danger of the collapse from the dollar itself.

Baffling to many observers is the rank failure of economists to foresee or avoid the economic catastrophes of modern times. Not only possess their theories didn’t prevent calamity, they are making the currency wars even worse. The U. S. Federal Reserve has involved in the greatest gamble in the history of financing, a sustained effort to stimulate the overall economy by printing money on the trillion-dollar scale. Its solutions present hidden new hazards while resolving non-e of the existing dilemmas.

As the outcome of the new currency war is not yet certain, some version from the worst-case scenario is almost inevitable if U.S. and globe economic leaders neglect to learn from the mistakes of their predecessors.