The Death of Money
11 hrs. 59 min.
Language
Russian
Author
James Rickards
Author
James Rickards
Narrator
Pozhiloy Ksenomorf
Narrator
Pozhiloy Ksenomorf
Description
This book is not the hackneyed incantations of Kremlin’s would-be economists who, for 20 years, have been predicting the imminent “death of the dollar.”
There is no politicking, no propaganda, and no cheap populism here—only real economics and sober calculation based on the “theory of complexity,” which is used to forecast earthquakes and social upheavals.
This is a financial investigation by one of the leading American analysts, who calculates not just the agony of American currency, but the collapse of the entire Western monetary system.
Living in the era of U.S. financial dominance and the dollar’s absolute power, we forgot that a quarter of a century ago, Wall Street was already balancing on the brink—in the U.S., inflation was soaring above 13%, gold was rising rapidly—yet back then the American economy was lucky: it was saved by the collapse of the USSR. But now the delayed crisis has returned with renewed force, and the West no longer has any buffer, reserves, or advantages.
How soon will the dollar collapse under the weight of unbearable debts and Washington’s political adventures? Why does this crash seem “increasingly inevitable,” and why are markets sliding into a “financial war”? Why is the U.S. Federal Reserve “stimulating catastrophe”? And who will become the gravedigger of the dollar?
There is no politicking, no propaganda, and no cheap populism here—only real economics and sober calculation based on the “theory of complexity,” which is used to forecast earthquakes and social upheavals.
This is a financial investigation by one of the leading American analysts, who calculates not just the agony of American currency, but the collapse of the entire Western monetary system.
Living in the era of U.S. financial dominance and the dollar’s absolute power, we forgot that a quarter of a century ago, Wall Street was already balancing on the brink—in the U.S., inflation was soaring above 13%, gold was rising rapidly—yet back then the American economy was lucky: it was saved by the collapse of the USSR. But now the delayed crisis has returned with renewed force, and the West no longer has any buffer, reserves, or advantages.
How soon will the dollar collapse under the weight of unbearable debts and Washington’s political adventures? Why does this crash seem “increasingly inevitable,” and why are markets sliding into a “financial war”? Why is the U.S. Federal Reserve “stimulating catastrophe”? And who will become the gravedigger of the dollar?
Contents:
Preface
Financial war
Inflation
Deflation
Market crash
Counting dangers
Part 1. Money and geopolitics
Chapter 1. Prophecy
Trading in plain sight
Terrorist trading
Project “Prediction”
MARKINT
Chapter 2. The death throes of the god of war
War of the future
A hostile hedge fund scenario
The world in financial war
Cyber-financial linkage
Part 2. Money and markets
Chapter 3. The death of markets
Wealth effect
Asset bubbles
Ground tremors
Clouded crystal ball
Asymmetric market
Chapter 4. New financial militarists of China
Burden of history
The investment trap
Shadow financing
Autumn of the financial militarists
Chapter 5. A new German Reich
The First Reich
New Europe
From Bretton Woods to Beijing
Berlin consensus
Euroskeptics
The future of the euro
Chapter 6. BELLS, BRICS, and others
Supranational
BELLS
BRICS
Shanghai Cooperation Organization
Persian Gulf
Island twins
Part 3. Money and prosperity
Chapter 7. Debt, deficits, and the dollar
“Fed and the Meaning of Money” (The Fed and the Meaning of Money)
Debt, deficits, and resilience
Debates about debt
Sustainable debt
Fed policy and the monetary contract
Chapter 8. The world central bank
A unified world
Updating Keynes
A single bank
A single currency
Chapter 9. Reborn gold
Gold facts, gold myths
A fight over gold
Reborn gold
A new gold standard
Chapter 10. Crossroads
The paradox of inflation and deflation
The bill for schooling
The paradox of inflation
Trust
The insolvency of imagination
Chapter 11. Whirlpool
A snowflake and an avalanche
Risk, uncertainty, and criticality
Games with gold
China chooses gold
Conclusion
Three paths
Seven signs
Five investments
Afterword
Financial war
Inflation
Deflation
Market crash
Counting dangers
Part 1. Money and geopolitics
Chapter 1. Prophecy
Trading in plain sight
Terrorist trading
Project “Prediction”
MARKINT
Chapter 2. The death throes of the god of war
War of the future
A hostile hedge fund scenario
The world in financial war
Cyber-financial linkage
Part 2. Money and markets
Chapter 3. The death of markets
Wealth effect
Asset bubbles
Ground tremors
Clouded crystal ball
Asymmetric market
Chapter 4. New financial militarists of China
Burden of history
The investment trap
Shadow financing
Autumn of the financial militarists
Chapter 5. A new German Reich
The First Reich
New Europe
From Bretton Woods to Beijing
Berlin consensus
Euroskeptics
The future of the euro
Chapter 6. BELLS, BRICS, and others
Supranational
BELLS
BRICS
Shanghai Cooperation Organization
Persian Gulf
Island twins
Part 3. Money and prosperity
Chapter 7. Debt, deficits, and the dollar
“Fed and the Meaning of Money” (The Fed and the Meaning of Money)
Debt, deficits, and resilience
Debates about debt
Sustainable debt
Fed policy and the monetary contract
Chapter 8. The world central bank
A unified world
Updating Keynes
A single bank
A single currency
Chapter 9. Reborn gold
Gold facts, gold myths
A fight over gold
Reborn gold
A new gold standard
Chapter 10. Crossroads
The paradox of inflation and deflation
The bill for schooling
The paradox of inflation
Trust
The insolvency of imagination
Chapter 11. Whirlpool
A snowflake and an avalanche
Risk, uncertainty, and criticality
Games with gold
China chooses gold
Conclusion
Three paths
Seven signs
Five investments
Afterword
