The Death of Money: The Coming Collapse of the International Monetary SystemThe 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.S. dollar has been the global reserve currency since the end of World War II. 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.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos. 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: gold, land, fine art, and other long-term stores of value. |
Contents
| 1 | |
| 17 | |
CHAPTER 2 | 25 |
The War Gods Face | 42 |
CHAPTER 3 | 67 |
CHAPTER 4 | 89 |
CHAPTE R 5 | 112 |
HAPTER 7 | 165 |
CHAPTER 9 | 215 |
CHAPTER 10 | 243 |
HAPTER 11 | 265 |
CONCLUSION | 289 |
AFTERWORD | 303 |
CHAPTER 6 | 322 |
| 325 | |
| 343 | |
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The Death of Money: The Coming Collapse of the International Monetary System James Rickards No preview available - 2015 |
Common terms and phrases
attack balance sheet bankers billion bond markets borrowing costs BRICS capital cash central banks Charles Goodhart China Chinese Christine Lagarde citizens collapse complex confidence contract crash debt-to-GDP ratio decline deflation depression devaluation economic economists emerging euro Europe European Eurozone exchange rate Fed's Federal Reserve fiscal future global gold price gold reserves gold standard gold's government debt hedge fund IMF’s increase insider trading interest rates international monetary system investment investors Iran issue Japan labor leverage liquidity loans manipulation ment Min Zhu monetary policy money printing money supply nominal growth Obama ounce panic paper percent physical gold political President problem real growth reserve currency result risk role Russia savers scenario sovereign debt sovereign wealth funds spending stock market swaps Swiss taxes terrorist theory of money tion tonnes trillion U.S. dollar U.S. economy U.S. Treasury unemployment United Wall Street York