(Source: Booklist By Marry Whaley) - Business Currency Wars: The Making of the Next Global Crisis. By James Rickards. Nov. 201 1 . 280p. Penguin/Portfolio, $26.95 (9781591844495). 332.4. Rickards, experienced financial advisor, investment banker, and risk manager, tells us we are in a new currency war that could destroy faith in the U.S. dollar; he examines that war through the lens of economic policy, national security, and historical precedent.
As a national security issue, he tells a fascinating story of his involvement with the Pentagon and other agencies in designing and participating in a war game using currencies and capital markets, instead of ships and planes, to gain early warning of attacks on the U.S. dollar. The author concludes that “mainstream economists and central bankers alike are well aware of dollar weakness and the risks to international monetary stability from the new currency wars.” He sees four prospects for the dollar – multiple reserve currencies, special drawing rights, gold, and chaos. Rickards’ ideas are controversial and will attract support and criticism across many disciplines. Nevertheless, he presents a compelling case for his views and offers thought-provoking information for library patrons. This is a must-read book. – Mary Whaley
Copyright Booklist Publications Oct 15, 2011
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A service of YellowBrix, Inc. Publication date: 2011-10-15
Source: Booklist By Marry Whaley
