Battle for money
Title: Currency Wars: The Making of the Next Global Crisis Author: James Rickards
Publisher: Portfolio Trade (August 28, 2012) Price: $10.98
No. of pages: 320 pages
The world is heading towards a currency war, as Jim Rickards explains in his book Currency Wars: The Making of the Next Global Crisis. The writer shows his command of the topic by using facts when challenging the age- old theories of finance and trade. The future will spell a harsher economic chaos to the global economy than the one experienced recently. Rickards uses currency as the basis for his argument and says countries are devaluing their currencies to boost exports which increases their GDP. These countries will face inflation, a likely downturn in free trade which might be a reason for a possible military conflict. Rickards has based his opinions on historical data, supported by a sharp analysis of the current financial trends. The book will interest economists and minor investors who want to know how the currency affects their business.