James Rickard bravely explores what lies ahead in the international monetary system. In the past hundred years, it has thrice collapsed and with each collapse, they were followed by a period of war, civil unrest or a damage done to the world’s economic stability. In this book, he will make us see the fast approaching collapse.
He explains that as the USD has been the global reserve currency after the World War II, if it fails, the whole monetary system will fail also. In the current situation, US is gridlocked while the countries such as Russia, China and the Middle East will do everything to end US monetary hegemony. Because of this, a lot of possibilities will happen, financial warfare, deflation, hyperinflation, market collapse and chaos.
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The book will give you an analysis of the main problem there is and a lot more about what might happen with the future of money. This is an important insight that you may learn as you will be dealing with how the money moves in relation to global relationship and treasury.