Currency Wars_ The Making of the Next Global Crisis - James Rickards [0]
Title Page
Copyright Page
Dedication
Epigraph
Preface
PART ONE - WAR GAMES
CHAPTER 1 - Prewar
CHAPTER 2 - Financial War
PART TWO - CURRENCY WARS
CHAPTER 3 - Reflections on a Golden Age
CHAPTER 4 - Currency War I (1921–1936)
CHAPTER 5 - Currency War II (1967–1987)
CHAPTER 6 - Currency War III (2010–)
CHAPTER 7 - The G20 Solution
PART THREE - THE NEXT GLOBAL CRISIS
CHAPTER 8 - Globalization and State Capital
CHAPTER 9 - The Misuse of Economics
CHAPTER 10 - Currencies, Capital and Complexity
CHAPTER 11 - Endgame—Paper, Gold or Chaos?
Conclusion
Acknowledgements
NOTES
SELECTED SOURCES
INDEX
PORTFOLIO / PENGUIN
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First published in 2011 by Portfolio / Penguin, a member of Penguin Group (USA) Inc.
Copyright © James Rickards, 2011
All rights reserved
Library of Congress Cataloging-in-Publication Data
Rickards, James.
Currency wars : the making of the next global crisis / James Rickards. p. cm.
Includes bibliographical references and index.
ISBN : 978-1-101-55889-8
1. Currency crises. 2. Foreign exchange. 3. Financial crises. I. Title.
HG3851.3.R53 2011
332.4—dc23
2011026906
Set in Sabon LT Std
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For Ann, Scott, Ali, Will and Sally—with love and gratitude,
and to the memory of my father, Richard H. Rickards,
with the Old Breed in Peleliu, Okinawa and China
“And when the money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? For the money faileth.”
Genesis 47:15, King James Version
PREFACE
On August 15, 1971, a quiet Sunday evening, President Richard Nixon took to the airwaves, preempting the most popular television show in America, to announce his New Economic Policy. The government was imposing national price controls and a steep surtax on foreign imports and banning the conversion of dollars into gold. The country was in the midst of a crisis,