James Rickards is a top financial writer in this country and has written several books about currencies and money over the years. He makes many appearances on financial television decrying the governments role in printing money and he has made it his life's goal of trying to push this idea and how government causes inflation purposely to gain more spending. Rickards makes some good points about China's increasing role in investing in the US dollar helping devaluate the dollar in their attack on the capital markets. Rickard's book called" The Death Of Money" looks at acts of financial warfare in chapter two and the loss of 69 trillion dollars in America was destroyed by the financial crash. Sleeper hedge funds are set up in nations to wait and work when the time comes to undermine the financial system of a country and this tactic has been used by many countries and is currently being master and studied more by the Chinese. The United States of course has been doing this to Iran for a long time. He talks a bit a out is in this boring financial book.
The wealth effect is roughy up later in the book as the idea of two asset classes of wealth-stocks and housing- have lead to the fed insane zero interest rate and massive money printing since 2008 basically to keep wealth inequality and class distinction very much alive in the United States. When others try to join the game late the suckers create a bubble that bursts and take all their savings. Rickard's goes through some past fed policies and the weakening of banks and crashes it help cause and basically he says markets are meant to have a cycle ruin from time to time to clear wealth where it doesn't belong. The author worries about how China,Germany,Russia are Ll doing everything possible to end the hegemony of the US dollar and the financial warfare of deflation, hyper reflation,and market collapse occurs bringing chaos to society. Rickards says money will become worthless if our leaders continue on this unduly path of money creating to keep existing spending occurring. What should really be happening is government contraction in pointless rural and suburban areas but James says nothing about this and the debt incurred when people demand the right and freedom to be able to live far away for. Cities and other people. J
James Rickards talks much in this book about debt and sustainability but one pictures this bald jerk living in a gated community with large space for plenty of fresh grass to plant and watch grow before cutting every week. Jags like him talk about long-term interest rates instead of being critical of the interstate highway system which he does briefly defend as acceptable government spending while bashing new green technologies such as solar panels and wind turbines. James Rickards ends the book talking about going back to the gold standard and the role of the central banks around the world for creating instability. The talk of gold as a new role of money is utterly ridiculous as David Harvey talks about and how the hell are you going to go into a coffee house and pay with grains of gold that could easily be loss with one sneeze. Jim Rickards needs to study e role of inequality with why the dollar will collapse as those with all the means to acquire capital will only take risk when their ventures are funded and backed by government. The dollar will collapse not from outside forces but inside greedy forces that do little to helping bring about a society where everyone has the same chance to live and improve their conditions regardless of the birth lottery they were placed in life.
James Rickards talks much in this book about debt and sustainability but one pictures this bald jerk living in a gated community with large space for plenty of fresh grass to plant and watch grow before cutting every week. Jags like him talk about long-term interest rates instead of being critical of the interstate highway system which he does briefly defend as acceptable government spending while bashing new green technologies such as solar panels and wind turbines. James Rickards ends the book talking about going back to the gold standard and the role of the central banks around the world for creating instability. The talk of gold as a new role of money is utterly ridiculous as David Harvey talks about and how the hell are you going to go into a coffee house and pay with grains of gold that could easily be loss with one sneeze. Jim Rickards needs to study e role of inequality with why the dollar will collapse as those with all the means to acquire capital will only take risk when their ventures are funded and backed by government. The dollar will collapse not from outside forces but inside greedy forces that do little to helping bring about a society where everyone has the same chance to live and improve their conditions regardless of the birth lottery they were placed in life.
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