Orem Library

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.

 

Currency wars are one of the most destructive and feared outcomes in international economics. At best,

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"Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems--to relieve ancient people from having to haul their goods to market. The problem with this version of history? There's not a shred of evidence to support it. Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the...

Aftershock warns of a very different economic future from what most people think. The full impact of the recent bubble pop will create far more problems than we have now, especially for the dollar, and will push home prices and stocks even lower. Unlike most books that try to explain our economic troubles, Aftershock goes beyond the outdated notion of "market cycles" to help readers clearly recognize and quickly respond to the rapidly evolving economy....

Uses storytelling techniques and humor to explain basic principles about the economy and the causes of financial crises, covering such topics as capital, credit, trade, inflation, banking, investment, and the role of government in the economic cycle.

Its the near future, and thanks to a perfect storm of reckless banking practices, hyperinflation, a stock market gone mad, and the negligence of our elected officials, the entire social, political, and economic infrastructure of America has collapsed. Chaos reigns in the streets, medical treatment is no longer available, and a silent coup has placed a dangerous group of men at the helm of a false government. Americas fate is in the...

Describes how the granting of subprime mortgages and the packaging of these loans into investment vehicles sold around the world played a significant role in the current worldwide financial crisis.

Examines financial crises of the past and discusses similarities between these events and the current crisis, presenting and comparing historical patterns in bank failures, inflation, debt, currency, housing, employment, and government spending.

A sequel to the best-selling Currency Wars predicts a coming collapse of the monetary system while counseling investors on how to survive it, arguing that the dollar will be at the center of a crisis that will differentiate money from wealth. The international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Each collapse was followed by a period of tumult: war, civil unrest, or significant damage to the...

A critical assessment of the economic orthodoxies behind the current global financial crisis examines the growing field of behavioral economics to identify the interconnectedness of the world and how it gives way to price spikes and boom-and-bust cycles.