Book Recommendations: Currency Wars by James Rickards and The Great Crash Ahead by Harry Dent

[ColdWarWarriors]

yep, bought it, read it!!

[bbhihoney]

Predicting an economic depression is a no brainer. They happen approximately every 80 years & have for a couple thousand years.

Read the Fourth Turning.

[nld1960]

But Daniel, I thought that even though we go into a depression, should not gold and silver still continue to rise?

[VictoryIndependence]

@nld1960 It will, because the depression we are going into is also going to see a full blown crisis in the currency.

[ChancetheCanine]

Your so right Daniel about the FED not staying out of it! Freakin Benanke already talking about QE3 bond buying. Now why is that if the employment is getting better ect.? All lies!! Thanks Dan.

[Spokoze]

Daniel---if you wanted to put in a click for Ron Paul now is the time. Vote.com

[dereksdiary]

thank you daniel

[LGZEE]

Currency wars is a great book. I don't think some of the stuff will come true, but it does give a good idea of what is possible. I would recommend the book to people who would like to have a good idea of what's to come. I believe the currency wars are well underway and about to heat up this year. Like James says, currency wars can lead to shooting wars. Isn't that what's going on already? Could get a lot worse and probably will. Read Currency Wars and get ready for the storm, it's coming.

[bigbenff1]

Thanks for the taking the time to make your videos! They are always a good reminder to keep your eye on the big picture! You sound like you got a cold. That crap has been going around, everyone I know here in Dallas has been sick lately!

[bosshoggett]

Ive read it ! - Scary stuff.

[1betrman]

I agree with you Daniel.Harry Dent is an interesting read but his market timing is horrible.

Had I taken his advice in late 2009 I would have missed out on the seven figure gold and silver gains I have bagged.

[MavenProject]

Currency wars is a good read... almost done with it. You should check out " The Crash Course " by Chris Martenson :)

[BadMonkeySyndrome]

currency wars is an awesome book, half way through it,

Rickards should be economic adviser Ron Paul 2012

[Fabian4Liberty]

The U.S. economy will collapse and when it does it will take the world with it. However this event like all historical collapses will be a temporary event. The books mentioned are great, I would also add, "When Money Dies" It breaks down everything about the hyperinflation in Germany, Lastly I would add, get your OWN financial education and NEVER trust a broker with your money!

[911truthncDotOrg]

Here's Max Keiser's interview with James Rickard

watch?v=rAPM7syIcts

[beatrizgf]

Thank you so much for giving book recommendations. Beatriz

[Alexiscom1]

I am reading "currencies Wars" right now, very good read. Riccards says that there is Gold in West Point and that secret exercise with CIA, do those people not suppose to keep it secret ?

[1kings1918]

Dang it. I've already got a dozen books in a pile to read. Couldn't you have said go buy another 50#s of rice, 20 oz of silver, and a solar panel or two? :-)

[slhines7]

I personally don't agree with many of Harry Dent's views. Also, just know that he has only been right once in his life.

[ANTIDALLARD]

"Not just going to be inflation or deflation. Its going to be currency wars"

Is this a change of position Daniel. From your NIA / Inflation.US original beliefs. ? If it is. well commendations. I mean that .You have a right to call it as you see it and change your mind as circumstances pertain. However If its an attempt to distance yourself from the hyper inflation. Jon Lebed association that Peter Schiff talked about. well . thats a different story.

So. Which is it.?

[VictoryIndependence]

@ANTIDALLARD Man you are way over looking into this book review video :)

Look, my opinion on the economy has evolved only in how to position myself when it comes to the timing. After losing about 90% of everything I gave Schiff, including a few stocks that went to ZERO, I woke up to the fact that the idea that the U.S. will collapse and Asia will thrive is just plain stupid.

[VictoryIndependence]

@VictoryIndependence The natural foce of deflation will be responded with QE and other FED inflation moves, so in the end we will have a currency crisis which is hyperinflation.

So my position is the same as day one, markets collapse, and then we have hyper-inflation. However I no longer believe in going to Euro or the Pacific for safety.

[davincij15]

@VictoryIndependence

I think Europac will be great after the collapse when everyone is pissed off and lost a lot of money.

[VictoryIndependence]

@davincij15 Yes, after the collapse, but after the collapse, most assets will rise anyway. The problem with Europac is there is no downside protection, I know, in 2008/09/10 I got killed and stayed down, my account with them never recovered.

[davincij15]

@VictoryIndependence

"I woke up to the fact that the idea that the U.S. will collapse and Asia will thrive is just plain stupid."

Wow, when did you figure that one out and where is the video?

I think that statement is both right and wrong. It's right from an investment point of view right now, wrong in an investment point of view AFTER the collapse.

Peter is right they will just buy the stuff they make but not until AFTER they figure out America can't pay and retool.

[VictoryIndependence]

@davincij15 I actually agree with this statement. But would add the timeframe 12-24 months after the U.S. collapse, Asia will be doing well, if not thriving.

Investing in them after the collapse is when to buy, not now.

[davincij15]

@VictoryIndependence

So right now Capital preservation is the key. So what asset class will you buy Chines government bonds and enslave the people or stocks and junk bonds?

Personally I'm thinking of buying my own company and work for it this way I enslave no one with my capital.

[VictoryIndependence]

@davincij15 I personally love real estate and hope to one day purchase a lot of rental properties once this crisis hits bottom.

As far as where else, I'm the same way, invest in myself or if I do invest in another business I like to have access to the CEO. One of the reasons I only own junior resource companies is because I like to be able to either meet these people or at least speak with them over the phone. I'm also not diversified, on any given day I own between 2-5 of the same companies.

[VictoryIndependence]

@VictoryIndependence Going into 2012, if you were to look at my liquid investments only, excluding private business and real estate. I'm probably 40% metal, 10% juniors, 30% cash, and 20% in a bear fund. However this changes with how markets move, I'm a big believer in cashing out, usually too early :( With the exception of any physical metal, I don't plan on selling, period.

[Cyrus992]

@VictoryIndependence

Can you please if you have time take a look at my video response?

I would love to hear from you! Thank you.

[VictoryIndependence]

@Cyrus992 yes, will have a look at it later tonight.

[Cyrus992]

@VictoryIndependence

Thank you. Take your time.

[Ape65]

Dent's demographic analysis makes sense for mature industrial economies, but does not work for forecasting commodity prices, because they are determined by global markets, and the 2 dominant trends in the world are the industrialization of the former "third-world", and severe resource and environmental constraints.

[Romulan112]

I read currency wars. It packs a lot of information but is boring. Its informative but also acts as a good sleeping pill.

[davincij15]

MISH is a smart mean guy. I emailed him one of Ted Buttler's writings on why is Silver going down and he called me names and went off.

I tried to calm him down as all I wanted was a discussion but he has no heart he is a cold human being that Tolstory mentions in a good quote:

See My next Comment...

[davincij15]

@davincij15

"I know that most men not only those considered clever, but even those who are very clever and capable of understanding most difficult scientific, mathematical, or philosophic, problems can seldom discern even the simplest and most obvious truth if it be such as obliges them to admit the falsity of conclusions they have formed, perhaps with much difficulty conclusions of which they are proud, which they have taught to others, and on which they have built their lives." - Leo Tolstoy

[zalida100]

@davincij15 Maybe your tolstoy quote could apply to jim rickards too. In recent kwn interview, he goes on about how obama has been trying the diplomatic method of dealing with iran recently.

Jim rickards is pretty smart and I like to hear him etc but he's certainly a dumb statist clown.

Like noam chomsky is very clever and speaks pretty well on political things but has no clue about economics.

(Why can't everyone be like me, and have a near monopoly on what is true)? - hehe

[davincij15]

@zalida100

I know I heard James Richards and I was shocked he could say such dumb things. When I asked him about it he said it would be bombing no ground war. Then said it's going to happen we don't make policy all we can do is figure out when and how it will effect us.

[zalida100]

@davincij15 If he said "..Then said it's going to happen we don't make policy.." I guess he means a war is going to happen and he/we don't make policy, then how could he suggest that obama was even trying to do anything diplomatically? Anyway - no matter. (It's even dumb to think that obama has any say in anything - he's another dummy).

He's right about a bombing war. USA army would certainly suffer big losses in a ground war. Iran isn't Iraq.

[zalida100]

@davincij15 ...........I guess if they all were, then it wouldn't be a monopoly - oh well :)

[VictoryIndependence]

@davincij15 Yes, total a** hole, I know what you are talking about. I have had some great conversations with him and then right in the middle of an email exchange he is just gets really rude. He is probably a really smart guy who has no people skills.

[dmger14]

BTW Daniel, thanks for the recommendations.  Mish says deflation, BUT thinks gold will soar anyway!

[VictoryIndependence]

@dmger14 Mish also thinks that if oil spiked up that we could see the hyper inflationary story breakout.

[decepticonsofnwo]

@VictoryIndependence That sounds logical, considering everything is transported using fuel

[decepticonsofnwo]

@VictoryIndependence If oil spikes gonna cripple the consumer based eco even further, will resort in more layoffs, more foreclosures which will b deflationary and the fed will combat this with QE, not to mention higher transportation costs will b inflationary for goods, am I missing anything here??

[dmger14]

Another great book - After Shock by David Weidemer, who called the '08 financial collapse. He says the inflation torpedo has left the sub with the LAST round of printing, and predicts it will be around 2013 - 2015 when it will hit.

[bossduff]

Thanks Daniel. You do know that that book you left behind could have bought a silver eagle. Just saying. I'm on my way to make the purchase now.

[puapake]

@bossduff Another good weekend to think about buying metals. You may notice a lot more "out of stock" selections on various sites. Maples around $30 each is very tempting.

[Aeros802]

In one of the recent GOP debates, Rick Perry mentioned how Ron Paul got him interested in the Federal Reserve and was currently reading Currency Wars by James Rickards. Perhaps there is still hope for the future after all? James Rickards is an amazing guy that is totally on spot on many things and EXTREMELY interesting to listen to.

[rolficus]

just bought it on ebay thanks for the heads up

[Andreas748]

holding interest rates artificially low is hurting people. It punishes savers and pushes people into risky investments. Why is it one guy gets to decide this? Short term treasuries are virtually worthless

[Ellipsis10]

i read "The Great Depression" ahead which was published in 2009, then because all of his predictions were wrong he revised the book and changed the title to "The Great Crash Ahead" in 2011

[wesleytarbuck]

you dont sound too good ! cold?

[Ellipsis10]

THE CRASH AHEAD?? ARE YOU SERIOUS? 90% of the predictions in that book are completely WRONG. I read that book back in 09 and Harry predicted the Dow to be at 3500-4500 by the end of 2009, then he pushed his prediction to 2010....we're in 2012 and the Dow is over 12,000. HE'S ANTI-GOLD! do you listen to his youtube video blogs???

He never has the balls to say that he was wrong, typical salesman...i can't stand him!

[OttoVonKonrad]

MISH is Mike Shedlock. Mish is a registered investment advisor representative for Sitka Pacific Capital Management

[grimygrime]

I finished currency wars last week, great book! I highly recommend "Crash Course" by Chris Martenson also.

[AJourneyOfYourSoul]

Thanks for the suggestion, I will pick up Currency Wars first.

My suggestion, "Republic, Lost: How Money Corrupts Congress - and a Plan to Stop It" by Lawrence Lessig.

[wafdawg]

Endgame by John Mauldin is pretty good too.

[wafdawg]

I picked up Currency Wars and read it in one day. Great book. I heard Rickards on a follow up interview talk about future economic war game exercises taking place in Europe and throughout the world.

[ENDAMERICASOON]

That book is crazy, I love it man. Currency war is one of the best book I have read yet.

[techozzie]

Currency Wars Great book!!!! Just finished it...

[nottinmatterz2day]

Will check out the Currency book, though I haven't even read End the Fed yet

[VictoryIndependence]

@nottinmatterz2day dude, get back to work :)