In The Death of Money, Rickards explores the future of the international monetary system
The international monetary system has collapsed three times in the past hundred years. Each collapse was followed by a period of war, civil unrest, or damage to the stability of the global economy. Now James Rickards explains why another collapse is rapidly approaching.
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, and the real victims of the next crisis will be small investors.
Fortunately, it is not too late to prepare for the coming death of money. In this riveting book, James Rickards shows us how.
“A terrifically interesting and useful book… fascinating.”
Kenneth W. Dam, former deputy secretary of the Treasury and adviser to three presidents