Regular price: $22.04

Free with 30-day trial
Membership details Membership details
  • A 30-day trial plus your first audiobook, free
  • 1 credit/month after trial – good for any book, any price
  • Easy exchanges – swap any book you don’t love
  • Keep your audiobooks, even if you cancel
  • After your trial, Audible is just $14.95/month
Select or Add a new payment method

Buy Now with 1 Credit

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Buy Now for $22.04

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

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.
©2011 James Rickards (P)2011 Gildan Media Corp
Show More Show Less

Critic Reviews

"[Rickards] presents a compelling case for his views and offers thought-provoking information for library patrons. This is a must-read book." (Booklist)
Show More Show Less

Customer Reviews

Most Helpful

By Roddie on 12-14-11

Must read, listen too!

Would you consider the audio edition of Currency Wars to be better than the print version?

Same reason I listen to most books. I can get educated driving to work or doing yard work.

What did you like best about this story?

In an age of uncertainty, especially for investors, Mr. Rickards gives it to you straight, you can't miss a word he says. No fluff, just amazingly good information. If you want an education in currency this is it.

Which scene was your favorite?

He explains currency events regarding the depression.

What’s the most interesting tidbit you’ve picked up from this book?

Too many to name. The fact that he goes into the history of world wide currency's really pulls it all together for the reader/listener. It was like a road map of the past, present & future economic events layed out in front of me.

Any additional comments?

This book is on my top 3 favorite, I'm over 50 & read/listen to several a week. That say a lot.

Read More Hide me

21 of 21 people found this review helpful


By Marcos Caceres on 03-25-12

Outstanding

I'm no economist, but I found this book extremely insightful and level headed. It is very well researched and arguments are clearly articulated with plenty of examples that demystify concepts that have been deliberately obscured by governments and the banking industry. It's one of those books that, if you don't already know too much about the subject, can radically alter the way you understand the global economy.

Read More Hide me

9 of 9 people found this review helpful

See all Reviews

Customer Reviews

Most Helpful

By Gerard on 05-17-15

Humanises a potentially dry subject

Any additional comments?

The narration style was perhaps more suited to a spy thriller - but once I had adjusted to that a very enjoyable listen.

Read More Hide me

1 of 1 people found this review helpful


By Anonymous User on 06-05-17

Great!!!

Excellent teaching skills, easy to understand language explaining complicated issues.
Great voice of the lector.
Thank you.

Read More Hide me
See all Reviews

Customer Reviews

Most Helpful

By Rohan on 05-01-17

challenging thinking to consider the world system

really well researced and easy to understand for the lay person who likes economic theory

Read More Hide me

By Mr. S. D. Bourges on 06-24-16

A must read book

Incredible detailed descriptions with impeccable historical accuracy.
A great way to understand history through a financial point of view

Read More Hide me
See all Reviews
© Copyright 1997 - 2017 Audible, Inc