Currency War
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Currency Wars
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Author : James Rickards
language : en
Publisher: Penguin
Release Date : 2011-11-10
Currency Wars written by James Rickards and has been published by Penguin this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-10 with Business & Economics categories.
In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008. Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself. Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.
Currency War
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Author : Lawrence B. Lindsey
language : en
Publisher: Simon and Schuster
Release Date : 2021-07-27
Currency War written by Lawrence B. Lindsey and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-27 with Fiction categories.
Currency War is an international thriller that only Lawrence B. Lindsey – economist, adviser to presidents, and Washington insider – could tell. Is it possible to wage war without weapons? Is it possible to win a war without firing a shot? These are the questions facing Ben Coleman after he finds himself a first-hand witness to a bank run in Beijing that ends up being brutally suppressed by the Chinese military. Coleman, chairman of the U.S. Federal Reserve under President Will Turner, realizes this is a harbinger of things to come… a suspicion confirmed by Li Xue, his counterpart in the Chinese gov-ernment. Li is part of a modernizing movement that is locked in confrontation with a hardline fac-tion headed by General Deng Wenxi. Deng sees the U.S. in a weak economic position and plans to make China the global superpower by replacing the U.S. dollar with the yuan as the world's reserve currency. So begins a currency war between the United States and China – a war fought in dollars and yuan against a landscape of shifting international alliances and political infighting on both sides. Coleman's marriage is even compromised when his wife – a beautiful, retired MI-6 agent from England – is drawn back into the game of spycraft and intelligence gathering. As the bloodless war rages, readers are taken on a roller coaster ride through the inner sanctums of power in the world – from the upstairs residence of the White House to the board room of the People's Bank of China; from a high society dinner party in London to the birth of a Political Action Committee at an exclusive Virginia resort; and from the bedrooms of the elite to the forbidden fleshpots of Laos.
Currency Wars
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Author : Jeffrey Yi-Lin Forrest
language : en
Publisher: Springer
Release Date : 2017-11-25
Currency Wars written by Jeffrey Yi-Lin Forrest and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-25 with Business & Economics categories.
This book uses systemic thinking and applies it to the study of financial crises. It systematically presents how the systemic yoyo model, its thinking logic, and its methodology can be employed as a common playground and intuition to the study of money, international finance, and economic reforms. This book establishes theoretical backings for why some of the most employed interferences of the market and empirical experiences actually work. It has become urgent for economists and policy makers to understand how international speculative capital affects the economic security of various nations. By looking at the issues of monetary movement around the world, this book shows that there are clearly visible patterns behind the flows of capital, and that there are a uniform language and logic of reasoning that can be powerfully employed in the studies of international finance As shown in this book, many of the conclusions drawn on the basis of these visible patterns, language, and logic of thinking can be practically applied to produce tangible economic benefits. Currency Wars: Offense and Defense through Systemic Thinking is divided into six parts. The first part addresses issues related to systemic modeling of economic entities and processes and explains how a few policy changes can adjust the performance of the extremely complex economy. Part II of the book investigates the problem of how instabilities lead to opportunities for currency attacks, the positive and negative effects of foreign capital, and how international capital flows can cause disturbances of various degrees on a nation’s economic security. Part III examines how a currency war is initiated, why currency conflicts and wars are inevitable, and a specific way of how currency attacks can take place. In Part IV, the book shows how one nation can potential defend itself by manipulating exchange rate of its currency, how the nation under siege can protect itself against financial attacks by using strategies based on the technique of feedback, and develops a more general approach of self-defense. Part V focuses on issues related to the cleanup of the disastrous aftermath of currency attacks through using policies and reforms. Finally the book concludes in Part VI as it analyzes specific real-life cases and addresses the ultimate problem of whether or not currency wars can be avoided all together.
Currency Wars
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Author : James Rickards
language : en
Publisher: Portfolio
Release Date : 2018-02
Currency Wars written by James Rickards and has been published by Portfolio this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02 with categories.
Donald Trump's top trade adviser Peter Navarro accused Germany of profiting from a 'grossly undervalued' currency. At the same time the President said countries such as Japan and China are responsible for 'global freeloading' due to their weak currencies. Today, currency wars are raging across global markets, entering an even more dangerous phase, but they are nothing new. In this 5 year anniversary edition, James Rickards, two-time New York Times bestseller and Strategic Adviser to the US intelligence community, explores how currency wars are just as problematic now as they were in 1971 when President Nixon took the dollar off the gold standard. Currency wars are one of the most destructive and feared outcomes in international economics; at best, they result in countries stealing growth from their trading partners; at worst, they degenerate into inflation, recession and actual violence. Rickards analyses the 2008 US financial crash, the debasement of the dollar, the European debt crisis, bailouts in Greece and Ireland and Chinese exchange rate manipulation, as a series of attacks and counter-attacks and ultimately as indications of growing global currency conflict. But, the author concludes, in currency wars, as in real wars, there are never any winners and without systematic reform, it could end with massive casualties on all sides. In this special five year edition, featuring analysis of the 'Age of Trump' and encounters with Ben Bernanke, Tim Geithner and General Hayden, Rickards points the way towards a more effective course of action one that could stabilise the global economy and broker peace and prosperity for all.
Currency Wars With China And Japan In Western Newsmagazines
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Author : Damien Ng
language : en
Publisher: Routledge
Release Date : 2022-02-27
Currency Wars With China And Japan In Western Newsmagazines written by Damien Ng and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-27 with Foreign Language Study categories.
This book explores China’s currency wars with its trading partners in four Western newsmagazines: Time, The Economist, L’Express, and Der Spiegel. Based on both quantitative and qualitative approaches, the interdisciplinary approach adopted in the research draws on two analytical frameworks from the realm of critical discourse analysis – van Leeuwen’s socio-semantic inventory of social-actor representation, and van Dijk’s concepts of macro-rules – as the overarching approaches to understand the changing dynamics of international relations and the global economy through Western media. The sample in this study consists of 160 texts, half of which are focused on China and the other half on Japan, across a period of 12 months in 2010 (China) and in 1987 (Japan). Through the comparison of Western representation between China and Japan, the similarities and differences in their coverage have been revealed as even more striking with regards to global politics and the international economy. The findings obtained from the empirical research have revealed that China was not only reported more unfavourably than Japan in terms of depth, but also across a broader range of areas spanning economics, politics, and military affairs. It has also emerged that all the four Western newsmagazines tended to centre their coverage on the US and China in 2010, and the US and Japan in 1987, although they did not speak in one collective voice with regard to their coverage of China and Japan.
The Currency War Trader S Handbook
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Author : Jim Rickards
language : en
Publisher:
Release Date : 2015
The Currency War Trader S Handbook written by Jim Rickards and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Currency crises categories.
As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself. Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.
Currency Wars Or Efficient Spillovers A General Theory Of International Policy Cooperation
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Author : Mr.Anton Korinek
language : en
Publisher: International Monetary Fund
Release Date : 2017-02-20
Currency Wars Or Efficient Spillovers A General Theory Of International Policy Cooperation written by Mr.Anton Korinek and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-20 with Business & Economics categories.
In an interconnected world, national economic policies regularly lead to large international spillover effects, which frequently trigger calls for international policy cooperation. However, the premise of successful cooperation is that there is a Pareto inefficiency, i.e. if there is scope to make some nations better off without hurting others. This paper presents a first welfare theorem for open economies that defines an efficient benchmark and spells out the conditions that need to be violated to generate inefficiency and scope for cooperation. These are: (i) policymakers act competitively in the international market, (ii) policymakers have sufficient external policy instruments and (iii) international markets are free of imperfections. Our theorem holds even if each economy suffers from a wide range of domestic market imperfections and targeting problems. We provide examples of current account intervention, monetary policy, fiscal policy, macroprudential policy/capital controls, and exchange rate management and show that the resulting spillovers are Pareto efficient, as long as the three conditions are satisfied. Furthermore, we develop general guidelines for how policy cooperation can improve welfare when the conditions are violated.
Summary Of James Rickards S Currency Wars
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Author : Everest Media,
language : en
Publisher: Everest Media LLC
Release Date : 2022-09-12T22:59:00Z
Summary Of James Rickards S Currency Wars written by Everest Media, and has been published by Everest Media LLC this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-12T22:59:00Z with Business & Economics categories.
Please note: This is a companion version & not the original book. Sample Book Insights: #1 It was a secret war game, with real money at stake, to test the efficacy of the financial markets in responding to the next financial crisis. The participants would take on different roles to test how their country would respond to a crisis. #2 Financial games are being played around the world to test the efficacy of the financial markets in responding to the next financial crisis. #3 Financial games are being played around the world to test the efficacy of the financial markets in responding to the next financial crisis. #4 Financial games are being played around the world to test the efficacy of the financial markets in responding to the next financial crisis. Sovereign wealth funds are investment pools established by governments to invest their excess reserves, many with assets in the hundred-billion-dollar range or higher.
China Iran Axis
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Author : Joseph Aminian
language : en
Publisher:
Release Date : 2020-10-30
China Iran Axis written by Joseph Aminian and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-30 with categories.
This book provides a deep insight into the currency war currently underway between the People's Republic of China and the United States of America. The author employs a balance of factual knowledge and the rational debates that provoke the readers' thoughts on the topic. The book studies the approach adopted by China to achieve its target of devaluing the U.S. dollar and rendering the Chinese Yuan to be the new global currency. The Chinese government's methods and practices are explored step by step in the book with claims and statistics being backed by authentic references and citations. The book also provides the author's stance and analysis on the currency war and justifies it by providing proper reasoning and rational arguments with it. What is unique about this book is that it transcends the domain of just being a book filled with facts, referenced from different sources and provides an interesting touch of expert opinion on the prevalent matter. This book is written for a diverse range of readers, especially the academics with interests in international relations, politics, economy and finance. It provides a comprehensible introduction to the topic so that the reader hardly feels lost in the technical intricacies. More importantly, it gives one the perfect balance of academic insight and analytical opinion.
Currency Wars Iv
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Author : Song Hongbing
language : en
Publisher:
Release Date : 2021-11-12
Currency Wars Iv written by Song Hongbing and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-12 with categories.
This book will follow the main line of world reserve currency hegemony, starting with the deliberate overthrow of the pound sterling hegemony by the US dollar, showing how the US monetary strategy masters have gradually eroded the pound sterling power, squeezed the pound sterling's international reserve currency status and trade settlement pricing power, and how the pound sterling power has counterattacked the US dollar through the "imperial preference system", and returned the US dollar to its original "isolationist" form. The fierce struggle between the dollar and the pound created a vacuum of world financial power in the 1930s that exacerbated the Great Depression worldwide. The Second World War provided a historic opportunity for the dollar to eradicate the pound, and the Atlantic Charter and the Lend-Lease Act were all sharp scalpels in Roosevelt's hands, aimed at dismembering the British Empire's pound. Eventually, the United States established a "Bretton Woods dynasty" with a dollar-based system as regent by "holding gold hostage to the vassals". The basis of interest in the "China-America" economic marriage is fracturing and disintegrating. America's tolerance for China's booming economy was originally based on the model of Chinese production, American enjoyment, Chinese savings, American consumption. China's future economic transformation will inevitably require a shift in the main resources of the national economy from being tilted towards overseas markets to being tilted towards domestic markets, thereby reducing savings exports to the United States. This process would change the basic U.S. position of continuing to tolerate China's economic growth.