James Rickards has authored two books, both about financial markets: "Currency Wars: The Making of the Next Global Crisis," published in 2011, and "The Death of Money: The Coming Collapse of the International Monetary System," published in 2014. Rickards is a financial counselor and investment banker specializing in capital markets.Continue Reading
"Currency Wars" argues that without a significant shift in public policy, a new currency war is inevitable. The book details the history of the previous two currency wars of this century, beginning with a look at Richard Nixon's 1971 implementation of price controls and his decision to move the U.S. currency away from the gold standard. The book then delves into Rickards' theory about the future of the U.S. dollar, ending with his strategy to avoid a new currency war.
Rickards' second book, "The Death of Money," discusses the imminent collapse of the U.S. dollar and international monetary system. He begins by examining the three previous instances of international monetary collapse in the last century, the most recent having taken place in 1971. He discusses threats to the reserve currency and how to avoid the possibility of total financial collapse. He also proposes long-term stable alternatives to dollar-based investments, including gold and land.Learn more about Non-fiction