The Currency Risk

Acurrency war, fought by one country through competitive devaluations of its currency against others, is one of the most destructive and feared outcomes in international economics.. whether prolonged or acute, these and other currency crises are associated with stagnation, inflation, austerity, financial panic and other painful outcomes. Nothing positive ever comes from a currency war." Excerpted from the book Currency Wars: The Making Of The Next Global Crises by James Rickards.

Three years after the global financial meltdown of 2008, investment banker James Rickards penned his book on the new battleground of future wars amongst the economic superpowers. It was not nuclear or chemical, but financial war. His subject future 'Currency Wars' is very apt in today's context. The world actually fears one between the two economic