---
product_id: 286382
title: "Currency Wars: The Making of the Next Global Crisis"
price: "฿2136"
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reviews_count: 13
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---

# Top #18 Intl Economics 4.5⭐ from 1,955 reviews Ranked #99,050 Bestseller Currency Wars: The Making of the Next Global Crisis

**Price:** ฿2136
**Availability:** ✅ In Stock

## Summary

> 🌍 Decode the future of money before it’s too late!

## Quick Answers

- **What is this?** Currency Wars: The Making of the Next Global Crisis
- **How much does it cost?** ฿2136 with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.co.th](https://www.desertcart.co.th/products/286382-currency-wars-the-making-of-the-next-global-crisis)

## Best For

- Customers looking for quality international products

## Why This Product

- Free international shipping included
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## Key Features

- • **Master the Macro Game:** Unlock insider insights on global currency dynamics shaping tomorrow’s economy.
- • **Boost Your Economic IQ:** Transform confusion into clarity with a book that demystifies currency wars and their global impact.
- • **Stay Ahead of the Crisis:** Decode the triggers of the next financial meltdown before it hits the headlines.
- • **Expertly Curated Analysis:** Written by James Rickards, a renowned monetary strategist with real-world foresight.
- • **Essential for Investors & Managers:** Equip your decision-making with a balanced, accessible guide to complex monetary science.

## Overview

Currency Wars by James Rickards is a critically acclaimed, best-selling book that explores the hidden battles behind global currency devaluations and their impact on the world economy. With a 4.5-star rating from nearly 2,000 readers, this used copy in good condition offers a compelling, accessible analysis essential for investors, economists, and professionals seeking to understand and anticipate the next global financial crisis.

## Description

Dive into the gripping world of international ecocomics through American lawyer, investment banker, media commentator, and author, James G. Rickards's expertise and thought-provoking insights. From collapsed paper currencies and hidden agendas of soveriegn wealth funds to the very real threats of national security, James G. Rickards scrutinizes the history and disastrous outcomes of currency wars, shedding light on the potential crisis that looms over the United States and the world. Rickards dissects failed paradigms and conventional theories while offering a course of action to steer away from impending disaster.

Review: Required Reading for Speculators and Monetary Scientists - The short story is that I think this book is excellent. I consider it required reading -- and in fact re-reading as well -- for investors who rely on an informed macroeconomic perspective to guide their decision-making, and for those interested in the science of monetary economics. Below are some passages from Currency Wars that I thought were especially insightful. They put forth prospective answers to many key questions that many traders will want to consider. How Does the Global Economic Crisis Get Resolved? "The new crisis will likely begin in the currency markets and spread quickly to stocks, bonds, and commodities. When the dollar collapses, the dollar-denominated markets will collapse too. Panic will quickly spread throughout the world. As a result, another US president, possibly Obama, will take to the airwaves and cyberspace to announce a radical plan of intervention to save the dollar from complete collapse, invoking legal authority already in place today. This new plan may even involve a return to the gold standard. If gold is used, it will be at a dramatically higher price in order ot support the bloated money supply with the fixed quantity of gold available. Americans who had invested in gold earlier will be confronted with a 90% "windfall profits" tax on their newfound wealth, imposed in the name of fairness. European and Japanese gold presently stored in New York will be confiscated and converted to use in the ervice of the New Dollar Policy. No doubt the Europeans and Japanese will be given receipts for their former gold, convertible into New Dollars at a new, higher price. Alternatively, the president may eschew a return to gold and us an array of capital controls and global IMF money creation to reliquify and stabilize the situation. This isn't far-fetched speculation. It has all happened before. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed." Is Widespread Military Conflict Likely? "A conventional military confrontation with the united States seems highly unlikely because of the United States' ability to suppress and ultimately decimate the opposing side. As a result, rival nations and transnational actors such as jihadists have increasingly developed capabilities in unconventional warfare, which can include cyberwarfare, biological or chemical weapons, other weapons of mass destruction or now, in the most unexpected twist of all, financial weapons...the costs of a financial war might be far less than the costs of an arms race and possibly be much more effective at undermining US power than a military confrontation." How Do Currency Wars -- When Economies Compete to Devalue their Currencies -- Start? "Currency wars begin in an atmosphere of insufficient internal growth. The country that starts down this road typically finds itself with high unemployment, low or declining growth, a weak banking sector, and deteriorating public finances. In these circumstances, it is difficult to generate growth through purely internal means and the promotion of exports through a devalued currency becomes the growth engine of last resort." Do Currency Devaluations Help an Economy? "A country that cheapens its currency may make final sales look cheaper when viewed from abroad but may hurt itself as more of its cheap currency is needed to purchase various inputs." Have Currency Wars Happened Before? What Was the Outcome? "Currency War I began in spectacular fashion in 1921 in the shadow of World War I and wound down to an inconclusive end in 1936. In round after round of devaluation and default, the major economies of the world raced to the bottom, causing massive trade disruption, lost output and wealth destruction along the way. The volatile and self-defeating nature of the international monetary system during that period makes Currency War I the ultimate cautionary tale for today as the world again confronts the challenge of massive unpayable debt." How does China play into the Euro crisis? "China has a vital interest in a strong Euro. The European Union surpasses the United States as China's largest trading partner. China's interest in supporting the Euro is as great or greater than its interest in maintaining the yuan peg against the dollar." How is China affecting the gold market? "Between 2004 and 2009, China secretly doubled its official holdings of gold. China used one of its sovereign wealth funds, the State Administration of Foreign Exchange (SAFE), to purchase gold covertly from dealers around the world. Since SAFE is not the same as the Chinese central bank, these purchases were off the books from the central bank's perspective." What are the Possible Outcomes for the end of the Reign of the US Dollar? "Taking a range of views from the conventional to the cutting-edge, we can foresee four outcomes in the prospect for the dollar -- call them The Four Horsement of the Dollar Apocalypse. In order of disruptive potential from smallest to greatest, they are: multiple reserve currencies, Special Drawing Rights, gold, and chaos." What are Special Drawing Rights (SDR)? "The SDR is world money, controlled by the IMF, backed by nothing, and printed at will. Once the IMF issues an SDR, it sits comfortably in the reserve accounts of the recipient like any other reserve currency."
Review: Solid read, informative and worth every penny - I don't consider myself much of financial wiz or to have any far reaching knowledge in terms of global financial markets or economics. That being said I do my best to analysis the world around me in an attempt to figure out what is going on and how it impacts the general population. I cling to the mantra that all the knowledge in the universe is worthless unless it can be applied. This book fills in a lot of gaps in my opinion and more or less synthesizes what I have been trying to piece together over the last decade. Not only does the light bulb turn on, it stays on and continues to burn brighter throughout the book. The book is written in such a way that most humans shouldn't have any problem processing it. I believe very little of what I read, facts and opinions are often pushed out there in such a way to benefit the person sharing the information, helping defeat any bit of cognitive dissonance that may arise in their own world. This book seems to be fair in my opinion. Not really playing any side to any extreme, it feels like it is balanced for the most part. I don't feel it answers any of the BIG questions but I don't think that was the aim. I feel it was written to educate people. In the end I feel it gives the average person a much more sound understanding of some of the reasons/actions that have brought us to the present(and past) financial dilemma. It really isn't as messy as I had thought. It is simply a bunch of independent parties attempting to play together as a team but each having their own interests driving their actions. There is always going to be an equal and opposite reaction, it is just a matter of who is on the action role vs. who is in the reaction role. Kind of like the social unrest throughout the world, people freak out but I think if they had this to read they may get a better understanding of why governments and central banks do what they do. There is always the human/self interest variable that must be accounted for regardless if we agree with the outcome of those interests as they manifest in the short and long terms. Again, I don't know all that much but I feel more aware after reading this book. As a lay person, it has increased my knowledge base thus increasing my quality of life by giving me a map to reference when I look at macro issues and then apply the knowledge to my little micro life. Buen Trabajo Mr. Rickards.

## Features

- Used Book in Good Condition

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #155,650 in Books ( See Top 100 in Books ) #39 in International Economics (Books) #53 in Money & Monetary Policy (Books) #147 in Economic Conditions (Books) |
| Customer Reviews | 4.5 out of 5 stars 1,968 Reviews |

## Images

![Currency Wars: The Making of the Next Global Crisis - Image 1](https://m.media-amazon.com/images/I/8113q3TURwL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ Required Reading for Speculators and Monetary Scientists
*by S***L on November 10, 2012*

The short story is that I think this book is excellent. I consider it required reading -- and in fact re-reading as well -- for investors who rely on an informed macroeconomic perspective to guide their decision-making, and for those interested in the science of monetary economics. Below are some passages from Currency Wars that I thought were especially insightful. They put forth prospective answers to many key questions that many traders will want to consider. How Does the Global Economic Crisis Get Resolved? "The new crisis will likely begin in the currency markets and spread quickly to stocks, bonds, and commodities. When the dollar collapses, the dollar-denominated markets will collapse too. Panic will quickly spread throughout the world. As a result, another US president, possibly Obama, will take to the airwaves and cyberspace to announce a radical plan of intervention to save the dollar from complete collapse, invoking legal authority already in place today. This new plan may even involve a return to the gold standard. If gold is used, it will be at a dramatically higher price in order ot support the bloated money supply with the fixed quantity of gold available. Americans who had invested in gold earlier will be confronted with a 90% "windfall profits" tax on their newfound wealth, imposed in the name of fairness. European and Japanese gold presently stored in New York will be confiscated and converted to use in the ervice of the New Dollar Policy. No doubt the Europeans and Japanese will be given receipts for their former gold, convertible into New Dollars at a new, higher price. Alternatively, the president may eschew a return to gold and us an array of capital controls and global IMF money creation to reliquify and stabilize the situation. This isn't far-fetched speculation. It has all happened before. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed." Is Widespread Military Conflict Likely? "A conventional military confrontation with the united States seems highly unlikely because of the United States' ability to suppress and ultimately decimate the opposing side. As a result, rival nations and transnational actors such as jihadists have increasingly developed capabilities in unconventional warfare, which can include cyberwarfare, biological or chemical weapons, other weapons of mass destruction or now, in the most unexpected twist of all, financial weapons...the costs of a financial war might be far less than the costs of an arms race and possibly be much more effective at undermining US power than a military confrontation." How Do Currency Wars -- When Economies Compete to Devalue their Currencies -- Start? "Currency wars begin in an atmosphere of insufficient internal growth. The country that starts down this road typically finds itself with high unemployment, low or declining growth, a weak banking sector, and deteriorating public finances. In these circumstances, it is difficult to generate growth through purely internal means and the promotion of exports through a devalued currency becomes the growth engine of last resort." Do Currency Devaluations Help an Economy? "A country that cheapens its currency may make final sales look cheaper when viewed from abroad but may hurt itself as more of its cheap currency is needed to purchase various inputs." Have Currency Wars Happened Before? What Was the Outcome? "Currency War I began in spectacular fashion in 1921 in the shadow of World War I and wound down to an inconclusive end in 1936. In round after round of devaluation and default, the major economies of the world raced to the bottom, causing massive trade disruption, lost output and wealth destruction along the way. The volatile and self-defeating nature of the international monetary system during that period makes Currency War I the ultimate cautionary tale for today as the world again confronts the challenge of massive unpayable debt." How does China play into the Euro crisis? "China has a vital interest in a strong Euro. The European Union surpasses the United States as China's largest trading partner. China's interest in supporting the Euro is as great or greater than its interest in maintaining the yuan peg against the dollar." How is China affecting the gold market? "Between 2004 and 2009, China secretly doubled its official holdings of gold. China used one of its sovereign wealth funds, the State Administration of Foreign Exchange (SAFE), to purchase gold covertly from dealers around the world. Since SAFE is not the same as the Chinese central bank, these purchases were off the books from the central bank's perspective." What are the Possible Outcomes for the end of the Reign of the US Dollar? "Taking a range of views from the conventional to the cutting-edge, we can foresee four outcomes in the prospect for the dollar -- call them The Four Horsement of the Dollar Apocalypse. In order of disruptive potential from smallest to greatest, they are: multiple reserve currencies, Special Drawing Rights, gold, and chaos." What are Special Drawing Rights (SDR)? "The SDR is world money, controlled by the IMF, backed by nothing, and printed at will. Once the IMF issues an SDR, it sits comfortably in the reserve accounts of the recipient like any other reserve currency."

### ⭐⭐⭐⭐⭐ Solid read, informative and worth every penny
*by J***C on July 27, 2012*

I don't consider myself much of financial wiz or to have any far reaching knowledge in terms of global financial markets or economics. That being said I do my best to analysis the world around me in an attempt to figure out what is going on and how it impacts the general population. I cling to the mantra that all the knowledge in the universe is worthless unless it can be applied. This book fills in a lot of gaps in my opinion and more or less synthesizes what I have been trying to piece together over the last decade. Not only does the light bulb turn on, it stays on and continues to burn brighter throughout the book. The book is written in such a way that most humans shouldn't have any problem processing it. I believe very little of what I read, facts and opinions are often pushed out there in such a way to benefit the person sharing the information, helping defeat any bit of cognitive dissonance that may arise in their own world. This book seems to be fair in my opinion. Not really playing any side to any extreme, it feels like it is balanced for the most part. I don't feel it answers any of the BIG questions but I don't think that was the aim. I feel it was written to educate people. In the end I feel it gives the average person a much more sound understanding of some of the reasons/actions that have brought us to the present(and past) financial dilemma. It really isn't as messy as I had thought. It is simply a bunch of independent parties attempting to play together as a team but each having their own interests driving their actions. There is always going to be an equal and opposite reaction, it is just a matter of who is on the action role vs. who is in the reaction role. Kind of like the social unrest throughout the world, people freak out but I think if they had this to read they may get a better understanding of why governments and central banks do what they do. There is always the human/self interest variable that must be accounted for regardless if we agree with the outcome of those interests as they manifest in the short and long terms. Again, I don't know all that much but I feel more aware after reading this book. As a lay person, it has increased my knowledge base thus increasing my quality of life by giving me a map to reference when I look at macro issues and then apply the knowledge to my little micro life. Buen Trabajo Mr. Rickards.

### ⭐⭐⭐⭐ A modern history and the future of currency and how currencies move world economies
*by P***N on August 24, 2013*

James Rickards' "Currency Wars: The Making of the Next Global Crisis" provides a crucial insight into the world of currency. The book describes the critical parts of history in the currency market and also describes the possible outcomes or the future of the currency market. The currency market is like the bedrock of world economies. Manipulations in the currency market has led to whole economies rising and falling. It is these manipulations that the book details. First, the book describes a war game scenario played the U.S. government to determine how currency can be a threat to national security. Afterwords, the book describes the history of three currency wars. The first was during 1921-36, the second was during 1967-87, and the third is ongoing starting from 2010. The book also describes the what it was like prior to the existence of the Federal Reserve and when currencies were pegged to gold. Then the book also provides a small lesson in economic theories. Some of these theories, the author believes, are toxic and can lead or has led to financial collapses. The book also describes the complexity theory. This theory describes the rise and fall of complex systems such as civilizations. Based on this theory, the author provides possible outcomes, or the future, for currency markets. The book contains a chock-full of detail. This book explains the motivations of the Federal Reserve. It describes why Ben Bernanke is not a fan of gold. The book describes what an SDR is and why there are those interested in making it a global currency. There many who don't want the U.S. dollar to be a reserve currency and are trying to move away from using the dollar in international trade. The book describes what an economy would be like if a currency went back to a gold standard. The book describes the role of the G20. One impression I get from this book is that some countries are so eager to devalue their currency so that they can export their goods more easily. One takeaway is that China imported a significant amount of inflation from the U.S. by pegging the yuan to the dollar. The author seems to believe based on complexity theory that simplification, or to reduce the size of complex systems, may be a key to prevent another financial collapse and engender an efficient economy. Examples of simplification may be a smaller government and breaking up big banks into smaller banks. Sounds like returning power back to the states may be a solution for the federal government. The book is quite different from the typical financial books in that it offers a perspective in a little known but huge exchange market. I would recommend this book to anybody who is into finance, particular those interested in the currency markets.

## Frequently Bought Together

- Currency Wars: The Making of the Next Global Crisis
- Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos
- The Death of Money: The Coming Collapse of the International Monetary System

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