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    The Death of Money: The Coming Collapse of the International Monetary System (Hardback) By (author) James Rickards

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    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 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."


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  • Full bibliographic data for The Death of Money

    Title
    The Death of Money
    Subtitle
    The Coming Collapse of the International Monetary System
    Authors and contributors
    By (author) James Rickards
    Physical properties
    Format: Hardback
    Number of pages: 368
    Width: 155 mm
    Height: 231 mm
    Thickness: 33 mm
    Weight: 567 g
    Language
    English
    ISBN
    ISBN 13: 9781591846703
    ISBN 10: 1591846706
    Classifications

    B&T Merchandise Category: GEN
    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    LC subject heading:
    BIC subject category V2: KCBM
    LC subject heading:
    BIC subject category V2: KCLF, KCP
    B&T General Subject: 180
    Ingram Subject Code: BE
    Libri: I-BE
    Warengruppen-Systematik des deutschen Buchhandels: 17830
    BISAC V2.8: BUS069000
    DC21: 332.45
    LC subject heading:
    BISAC V2.8: BUS045000
    LC subject heading:
    DC22: 332.45, 332.4/5
    BISAC V2.8: BUS028000
    LC subject heading: , ,
    Ingram Theme: ASPT/ECONAS
    LC classification: HG221 .R513 2014
    Edition statement
    New ed.
    Publisher
    PORTFOLIO
    Imprint name
    PORTFOLIO
    Publication date
    08 April 2014
    Author Information
    JAMES RICKARDS is the author of the national bestseller "Currency Wars," which has been translated into eight languages and won raves from the likes of the "Financial Times," Bloomberg, and "Politico." He is a portfolio manager at West Shore Group and an adviser on international economics and financial threats to the Department of Defense and the U.S. intelligence community. He served as facilitator of the first-ever financial war games conducted by the Pentagon. He lives in Connecticut. Follow @JamesGRickards.
    Review quote
    "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