Author:James Rickards,Walter Dixon
Brought to you by Penguin.
'One of the scariest books I've read... The picture that emerges is dark yet comprehensive and satisfying' Bloomberg Businessweek
'Let's hope he's wrong' Financial Times
In his latest book, financial expert, investment advisor and New York Times bestselling author James Rickards shows how currency wars are one of the most destructive and feared outcomes in international economics.
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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.
From clandestine gold purchases by China to the hidden agendas of sovereign wealth funds, Rickards shows how currency wars pose the greatest threat to international security and even the very real danger of the collapse of the financial system itself.
'Unsettling...fascinating...a thorough analysis of how nations have manipulated their currencies...with disastrous consequences' Fort Worth Star-Telegram
If people could see clearly how their money is created, they would rebel - especially now that it is digitised. Brett Scott's highly readable and topical Cloudmoney is, in this sense, a wonderfully revolutionary text
—— Yanis VaroufakisCloudmoney is a brilliant, fascinating and utterly accessible book - a pioneering and political guide to the fast-evolving web of global finance... If you want to understand what money is - and what it is in danger of becoming - start right here
—— Kate Raworth, author of Doughnut EconomicsA fascinating and readable guide to the future, and how we can reclaim that future from the clutches of Big Finance and Big Tech
—— Grace BlakeleyThe rush to a cashless society isn't about convenience. It is about power. Brett Scott cuts through the hype with this brilliant critique of digital money and the rise of fintech empires, while offering a compelling alternative vision. Don't miss this book
—— Jason Hickel, author of Less Is MoreYour head has been deliberately filled with falsehoods and confusion about money. This brilliant book helps you understand how that happened, who profits from our collective financial ignorance, and how we might best fight back. Filled with dazzling insight and admirable clarity, this is a book you'll soon be recommending far and wide
—— Raj Patel, author of Stuffed and StarvedCloudmoney does well to map out how the switch away from cash is being spun as natural progress... Scott has struck an important vein, that is vital in a digital age
—— Financial TimesAn important reflection on the new world of finance. Brett Scott writes with gusto about blockchain, crypto and the power nexus between Big Tech and the banks in a cashless society
—— Lionel Barber, author of The Powerful and The DamnedWith this wonderful, lucid and urgently important book, Brett Scott is hunting big game. Get a copy - and make sure you pay with cash
—— Nicholas Shaxson, author of Treasure IslandsQuietly radical and unexpectedly beautiful, this is so much more than a book about money. Brett Scott propels the reader to a new understanding of today's capitalism through humour, first-hand reportage, patient explanation, deep political analysis and a lot of heart. Let him change the way you see the world - he has for me
—— Sarah Jaffe, author of Work Won't Love You BackArise all data donors from your slumber - and read this book. You - we - have been sucked into the "tech-finance vortex" that is the new, dangerous alliance of Big Finance and Big Tech. Addicted to our apps, we are trapped in a dizzying whirlpool of surveillance, allowing the FinTech vortex to exercise power over, and profit from, every transaction undertaken. Scott, steeped in the sector, guides us through it, and helps readers understand what is happening. He invites us to revolt and jam the Big Fusion. His book is an urgent must-read
—— Ann PettiforIn a book that is simultaneously irreverent, hard-hitting and entertaining, Brett Scott blows apart conventional myths about cash, digital money, and crypto, and brilliantly shows us what's at stake in the coming battles for the soul of money
—— Stephanie Kelton, Author of The Deficit MythA groundbreaking book
—— Morning StarA fantastic book about the world of commodity trading.
—— Stephanie Flanders , Bloomberg StephanomicsA fascinating, sometimes hair-raising new book . . . A book which on the one hand tells us some really important things about the nature of money, power and the nature of the modern economy, but on the other is just full of some of the most fascinating stories.
—— Matthew Taylor , RSA Bridges to the FutureThe captivating stories of the powerful commodity traders and mystery actors of markets and geopolitics
—— Roula Khalaf, FT Editor-in-Chief - Summer Books 2021 , Financial TimesThe blistering tale of a clutch of hard-charging international commodity trading houses such as Cargill and Glencore. The authors, both former FT journalists, trace how they harnessed the commodity boom and the setbacks they now face as climate change casts a shadow over their business model.
—— Andrew Hill, FT & McKinsey Business Book of the Year Award Longlist , Financial TimesA very impressive profile of an industry that has long preferred to avoid the spotlight . . . The authors deftly weave stories of the individual traders and their trades with an account of the major shifts in the global economy of the past 70 years . . . Extensively researched and well written throughout . . . I would not hesitate to recommend this book.
—— International AffairsA thriller . . . An engaging story of secret deals and embargo-evasion.
—— ForbesAn entertaining history of the rise of the international trading houses and the charismatic, freewheeling risk-takers who headed them.
—— Books of the Year , Financial TimesThe story of how a few commodity-trading firms quietly reconfigured the world economy, making fortunes, juggling embargoes and swaying geopolitics.
—— Books of the Year , EconomistThere was no single, dominant, astonishing voice in the wilderness in the debate on the credit crunch, but... Edward Chancellor, an economic historian, foresaw almost everything.
—— Charles Moore , Daily Telegraph