The Death of Money
The Death of Money is a stark, research-driven analysis of what Jim Rickards views as the inevitable collapse of the global fiat monetary system. Drawing on his experience working with U.S. government agencies such as the CIA and FBI, Rickards presents a compelling argument that the U.S. dollar-based international system is fundamentally unstable. He explains that excessive debt, aggressive central bank policies, and growing international efforts to move away from the dollar are key signs of its decline. To protect against a potential monetary collapse, Rickards recommends diversifying into gold, which he considers the ultimate risk-free asset, as well as into land, commodities, and other tangible, non-fiat investments.
ABOUT THE BOOK
Written in 2014, The Death of Money follows up where Rickards left off in his previous book, Currency Wars.
Rickards highlights the risks of continuing deficit spending, money printing, and financial repression, which have eroded trust in the dollar.
He explains the power of converting unreliable money into real wealth: gold, land, fine art, and other long-term stores of value.
He also predicted a gradual slide toward an alternative global monetary system, potentially backed by IMF Special Drawing Rights (SDRs) or a return to some form of gold standard.
PRAISE FOR THE BOOK
"A fast-paced and apocalyptic look at the financial future, taking in financiers' greed, central banks' incompetence and impending Armageddon for the dollar...Rickards may be right that 'the system is going wobbly.'"
—The Financial Times
"The Death of Money makes a valuable contribution to our economic discourse."
"James Rickards' The Death of Money is ... making it a veritable golden age for smart books on the current state of the global economy."
"“The Death of Money contains very big, provocative ideas clearly explained and delivered in an evenhanded tone that steers away from the sensational proclamation yet successfully undercuts conventional market wisdom."
—John Hathaway, Portfolio Manager, Tocqueville Gold Fund
"A crucial primer for investors and consumers for what lies immediately ahead for the United States and a world that remains entirely dependent upon the dollar. The Death of Money is an important new book for those who worry about the future of our country."
—R. Chris Whalen, Author of Inflated