Oil makes the world work. It has become so vital that even a small reduction in output can cause economic chaos. We know that our reliance on oil is potentially disastrous but what we are less clear about is the terrible damage it inflicts on the countries that produce it. The people who should benefit most from the riches of oil are, quite often, harmed by it.
Crude World offers a passionate look at some of the most awful places in the world - the violent, repressive and polluted countries where oil is extracted. Peter Maass follows the journey of oil and shows how the substance sullies so much of what it touches, poisoning land and rivers, promoting political bloodshed and creating corruption on a staggering scale. We tend to gauge the price of oil by its cost at the petrol station or its role in global warming, but Maass vividly shows an altogether different price paid by people who live in countries that are rich in petroleum but not wealth or freedom. He shows how the profits of oil benefit mainly the companies and governments that receive royalty cheques and will do more or less anything to sustain the flow of money.
From Nigerian fishermen to Moscow oligarchs, from American generals in Iraq to environmentalists in Ecuador, from British executives to Saudi jihadists, Peter Maass connects the dots and shows how our relationship to oil is so deadly. Crude World is a magnificent piece of reportage that reveals the price others pay for the lives we lead.
In this New York Times bestseller and Wall Street Journal bestseller, Rickards explores the future of the international monetary system ' A fast-paced and apocalyptic look at the financial future, taking in financiers' greed, central banks' incompetence and impending Armageddon for the dollar ... Rickards may be right that the system is going wobbly. ' Financial Times The international monetary system has collapsed three times in the past hundred years. Each collapse was followed by a period of war, civil unrest, or damage to the stability of the global economy. Now James Rickards explains why another collapse is rapidly approaching. The US dollar has been the global reserve currency since the end of the Second World War. If the dollar fails the entire international monetary system will fail with it. But Washington is gridlocked, and America's biggest competitors - China, Russia, and the Middle East - are doing everything possible to end US monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos. In The Death Of Money James Rickards offers a bracing analysis of the fundamental problem: money and wealth have become ever more detached. Money is transitory and ephemeral; wealth is permanent and tangible. While wealth has real value worldwide, money may soon be worthless. The world's big players - governments, banks, institutions - will muddle through by making up new rules, and the real victims of the next crisis will be small investors. Fortunately, it is not too late to prepare for the coming death of money. In this riveting book, James Rickards shows us how. 'A terrifically interesting and useful book...fascinating' Kenneth W. Dam, former deputy secretary of the Treasury and adviser to three presidents James Rickards is the author of Currency Wars, which has been translated into eight languages and won rave reviews from the Financial Times , Bloomberg, and Politico . He is a portfolio manager at West Shore Group and an adviser on international economics and financial threats to the Department of Defense and the U.S. intelligence community. He served as facilitator of the first-ever financial war games conducted by the Pentagon. He lives in Connecticut.
Detailed account of a little-known precedent of the Euro using hitherto unknown sources Comparative European approach Multidisciplinary and of interest to the non-specialist Money and Politics reconstructs for the first time the full history of the creation of the Latin Monetary Union (LMU), a long forgotten precedent of the Euro. It focuses in particular on the attempted transformation of the LMU into a European Monetary Union between 1865 and 1873. The use of extensive diplomatic and banking archives in France, Britain, Italy, and Germany has enabled the author to reconstruct in detail the intellectual debate concerning the gold standard and bimetallism, as well as the surrounding political and diplomatic manoeuvres, which in many ways anticipated the conflicts of today's monetary unification.
Einaudi's findings show that the project of a common currency was well received in central and southern Europe, but worked against the emergence of a united Germany, and was blocked by the Franco--Prussian war. In Britain, Disraeli declined to join the Latin Monetary Union, but in 1869, the new Liberal Chancellor of the Exchequer saw the advantages offered by a scheme which appeared to be enjoying success on the Continent, and attempted to join the monetary union, thereby alienating and securing the opposition of both the City and Gladstone.
This book is written in an accessible and multidisciplinary fashion, and will appeal to economists, historians, and political scientists with an interest in the formation and readjustment of government policies. It also paints a fascinating picture for policy makers and all those concerned with current debates surrounding EMU and the British position.
Readership: Academics and advanced students in European history, politics, economic history, and economics. Also policy makers and the general public interested in current debates about EMU.