{"product_id":"2940170347001","title":"Currency Wars: The Making of the Next Global Crises","description":"In 1971, President Nixon imposed national  price controls and took the United States off the gold standard, an extreme  measure intended to end an ongoing currency war that had destroyed faith in  the U.S. dollar. Today we are engaged in a new currency war, and this time  the consequences will be far worse than those that confronted Nixon.\u003cbr\u003e  \u003cbr\u003e  Currency wars are one of the most destructive and feared outcomes in  international economics. At best, they offer the sorry spectacle of  countries' stealing growth from their trading partners. At worst, they  degenerate into sequential bouts of inflation, recession, retaliation, and  sometimes actual violence. Left unchecked, the next currency war could lead  to a crisis worse than the panic of 2008.\u003cbr\u003e  \u003cbr\u003e  Currency wars have happened before-twice in the last century alone-and they  always end badly. Time and again, paper currencies have collapsed, assets  have been frozen, gold has been confiscated, and capital controls have been  imposed. And the next crash is overdue. Recent headlines about the debasement  of the dollar, bailouts in Greece and Ireland, and Chinese currency  manipulation are all indicators of the growing conflict.\u003cbr\u003e  \u003cbr\u003e  As James Rickards argues in \u003ci\u003eCurrency Wars\u003c\/i\u003e, this is more than  just a concern for economists and investors. The United States is facing  serious threats to its national security, from clandestine gold purchases by  China to the hidden agendas of sovereign wealth funds. Greater than any  single threat is the very real danger of the collapse of the dollar  itself.\u003cbr\u003e  \u003cbr\u003e  Baffling to many observers is the rank failure of economists to foresee or  prevent the economic catastrophes of recent years. Not only have their  theories failed to prevent calamity, they are making the currency wars worse.  The U. S. Federal Reserve has engaged in the greatest gamble in the history  of finance, a sustained effort to stimulate the economy by printing money on  a trillion-dollar scale. Its solutions present hidden new dangers while resolving  none of the current dilemmas.\u003cbr\u003e  \u003cbr\u003e  While the outcome of the new currency war is not yet certain, some version  of the worst-case scenario is almost inevitable if U.S. and world economic  leaders fail to learn from the mistakes of their predecessors.","brand":"Instructional Systems [Aubrey J. Kline (aka Jim Kline dba Instructional Systems)]","offers":[{"title":"Default Title","offer_id":47104937853168,"sku":"2940170347001","price":29.98,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940170347001_p0.jpg?v=1765232718","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940170347001","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}