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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.

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