The Death of Money by James Rickards audiobook

The Death of Money: The Coming Collapse of the International Monetary System

By James Rickards
Read by Lloyd James

Gildan Media 9781469028842
13.22 Hours Unabridged
Format: Digital Download (In Stock)
  • $34.98
    or 1 Credit

    ISBN: 9781469028842

    $12.99 With Membership: Learn More

"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 oil-producing nations of the Middle East—are doing everything possible to end US 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 assume that what has 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.

Learn More
Membership Details
  • Only $12.99/month gets you 1 Credit/month
  • Cancel anytime
  • Hate a book? Then we do too, and we'll exchange it.
See how it works in 15 seconds

Summary

Summary

A New York Times bestseller

"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 oil-producing nations of the Middle East—are doing everything possible to end US 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 assume that what has 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.

Editorial Reviews

Editorial Reviews

“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, author of Inflated
“A terrifically interesting and useful book…fascinating.” Kenneth W. Dam, former deputy secretary of the Treasury
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, PhD, resident scholar, American Enterprise Institute

Reviews

Reviews

Author

Author Bio: James Rickards

Author Bio: James Rickards

James Rickards is a counselor, investment banker, and risk manager with over thirty years of experience in capital markets. He advises the Department of Defense, the US intelligence community, and major hedge funds on global finance. A frequent guest on CNBC, CNN, Fox, C-SPAN, Bloomberg TV, and NPR, Rickards also lectures at Northwestern University and at the School of Advanced International Studies.

Titles by Author

Details

Details

Available Formats : Digital Download
Category: Nonfiction/Business & Economics
Runtime: 13.22
Audience: Adult
Language: English