James Rickards is an emergent phenomenon in the field of economic futurism. A noted international finance expert, Rickards has written three books which form part of a planned quartet that lays out a bold and compelling vision about the economic vicissitudes facing the world.
In Currency Wars: The Making of the Next Global Crisis (2011) Rickards warned of the ensuing currency wars in the world. A currency war is a situation where several countries simultaneously devalue their money with an ostensible motive of increasing their exports. According to Rickards this is the third currency war in the last hundred years - the first being in the 1930s and the second in the 1970s. Each time the currency wars ended badly so that the present day currency war is being called a "currency suicide".
In Currency Wars: The Making of the Next Global Crisis (2011) Rickards warned of the ensuing currency wars in the world. A currency war is a situation where several countries simultaneously devalue their money with an ostensible motive of increasing their exports. According to Rickards this is the third currency war in the last hundred years - the first being in the 1930s and the second in the 1970s. Each time the currency wars ended badly so that the present day currency war is being called a "currency suicide".
