Reddit reviews The Death of Money: The Coming Collapse of the International Monetary System
We found 4 Reddit comments about The Death of Money: The Coming Collapse of the International Monetary System. Here are the top ones, ranked by their Reddit score.
investorsinflation-deflationconsumersfinancialmoney
I was under the impression barter in itself never really took place, that it is more of a myth.
> Economists since Adam Smith have assumed that barter was the historical predecessor of money, but there is no empirical, archaeological, or other evidence for the existence of a widespread premoney barter economy. In fact, it appears that premoney economies were based largely on credit - the promise to return value in the future in exchange for value delivered today. The ancient credit system allowed intertemporal exchanges, as it does today, and solved the problem of the simultaneous coincidence of wants. Historical barter is one more example of economists developing theories with scant attachment to reality.
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I am glad to see that someone gets it. Apparently no one in Washington can shift their focus from today's politics to see that the US economy is dead and the dollar, IMF and World Bank are all in deep trouble
Read The Death of Money.
> To me, it reads more than anything else like the person is getting a commission from some company which sells gold to suckers.
What even remotely gives you that impression? Come on, accusing people of shilling just based on intuition without any factual source is bullshit. People here area accused of that all the time, surely you can be better than that.
I was totally sold on the "He's crazy" part. He has written many books like this one, it seems.
https://www.amazon.com/Death-Money-Collapse-International-Monetary/dp/1591846706/
> Fortunately, it’s not too late to prepare for the coming death of money. Rickards explains the power of converting unreliable money into real wealth: gold, land, fine art, and other long-term stores of value. As he writes: “The coming collapse of the dollar and the international monetary system is entirely foreseeable. . . . Only nations and individuals who make provision today will survive the maelstrom to come.”
You might like The Death of Money - Amazon Link. The first review explains each chapter in depth.
It kinda has a doomsday feel IMO, but lays out the current players involved in world economics and pushes some views on what can go wrong.
Econ is also one of my weaker topics. I'm interested in learning more about emerging markets and capital flows, but I'm not sure where to start aside from following the trail of amazon bestsellers and recommendations.