153 x 234 x 26mm
The next financial collapse will resemble nothing in history.'
The international monetary system has collapsed three times in the past hundred years: 1914, 1939, and 1971. Each collapse was followed by a period of war, civil unrest or 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 US 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. But Washington is gridlocked, and America's biggest competitors - China, Russia, and the Middle East - are doing everything possible to end US monetary hegemony.
The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos.
James Rickards offers a bracing analysis of the fundamental problem: money and wealth have become ever more detached. Money is transitory and ephemeral; wealth is permanent and tangible. While wealth has real value worldwide, money may soon be worthless. The world's big players - governments, banks, institutions - will muddle through by making up new rules. The real victims of the next crisis will be small investors who assumed that what worked for decades will keep working.
Fortunately, it is not too late to prepare for the coming death of money. In this riveting book, James Rickards shows us how.