Currency Wars by
James Rickards, 2011, Excerpts
The currency itself is the ultimate
target in any financial war. Financial warfare is the preferred method of those
with inferior weapons but greater cunning. If you destroy the currency, you
destroy all markets and the nation. Three super currencies – the dollar, the
euro, and the yuan – are the superpowers in a new currency war.
In the News
Carlson Putin Interview
06 Feb 2024
Vladimir Putin: You know, to use the dollar as a foreign policy instrument to fight is one of the gravest strategic mistakes made by the US political leadership. The dollar is the cornerstone of the United States' power. It is the main weapon used by the United States to maintain its power across the world. As soon as the political leadership decided to use the US dollar as a political instrument, a blow was dealt to this American power. This is stupidity and a huge mistake.
Even the United States' allies are now downsizing their dollar reserves. The United States applies restrictive measures to certain countries, such as placing restrictions on transactions, freezing assets, etc., causes grave concern and sends a signal to the whole world.
Weaponization of the dollar could
threaten its dominance
24 Oct 2019
The language of international
monetary policy has turned militaristic. The phrase “currency war” has been
popular for a decade and the US government’s more recent “weaponization” of the
dollar is generating controversy. The US dollar remains in
first place by a wide margin, followed by the euro, the yen and the pound. The
dollar also dominates on other measures of currency use in trade and finance.
The “weaponization” of the dollar generally refers to the US government’s
exploitation of the currency’s global dominance in order to extend the
extraterritorial reach of US law and policy.
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