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Author: James Rickards

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Currency War James Rickardscompleted The U. S. Federal Reserve, under Ben Bernanke, is taking the biggest gamble in financial history. Starting in 2007, the Fed fended off economic collapse by cutting short-term interest rates and lending freely. Eventually, interest rates hit zero and the Fed ran out of ammunition. Then, in 2008, the Fed found new ammunition: quantitative easing. Although the Fed claims that the plan is to ease financial conditions by lowering long-term interest rates, in essence it is just a money-printing progra —Reads9.4Score—Shelves