BIOGRAPHY OF THE DOLLAR(ISBN=9780307339867) 下载 pdf 百度网盘 epub 免费 2025 电子版 mobi 在线

Will the sun set on the greatest currency in the history of

the world?

For decades the dollar has been the undisputed champ. It’s not only

the currency of America but much of the world as well, the fuel of

global prosperity. As the superengine of the world’s only

superpower, it’s accepted everywhere. When an Asian company trades

with South America, those transactions are done in dollars, the

currency of international business.

But for how much longer? Economists fear America is digging a hole

with an economy based on massive borrowing and huge deficits that

cloud the dollar’s future. Will the buck be eclipsed by the euro or

even China’s renminbi? Should Americans worry when the value of the

mighty U.S. dollar sinks to par with the Canadian “loonie”?

Craig Karmin’s in-depth “biography” of the dollar explores these

issues. It also examines the green-back’s history, allure, and

unique role as a catalyst for globalization, and how the American

buck became so almighty that $ became perhaps the most powerful

symbol on earth.

Biography of the Dollar explores every aspect of its

subject: the power of the Federal Reserve, the inner sanctums of

foreign central banks that stockpile the currency, and the

little-known circles of foreign exchange traders that determine a

currency’s worth. It traces the dollar’s ascendancy, including one

incredibly important duck-hunting trip and the world-changing

Bretton Woods Conference.

With its watermark, color-shifting inks, and a presidential

portrait that glows under ultraviolet light, the dollar has

obsessed foreign governments, some of which have tried to

counterfeit it. Even Saddam Hussein, who insisted on being paid in

euros for oil, had $750,000 in hundred-dollar bills when captured.

Yet if a worldwide currency has enabled a global economy to

flourish, it’s also allowed the United States to owe unbelievable,

shocking amounts of money—paying hundreds of millions of dollars

every single day just in interest on foreign debt; that’s raised

concerns that the dollar standard may not be sustainable.

Any threat to the dollar’s privileged status would do much more

than hurt American pride. It would mean U.S. companies and citizens

would not be able to borrow at the low rates they have become

accustomed to. The dollar’s demise would impact the rest of the

world, too, boosting the costs of trade and investment if no other

currency was able to play the same crucial role. Ultimately the

dollar system may weaken, but it should endure—a while longer, at

least; it’s in few people’s interest to see it fail, and there is

still no credible alternative.

Biography of the Dollar is must reading for anyone who wants

to understand what truly makes the world go ’round—and whether it

will continue to spin the way we want it to.

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CRAIG KARMIN is a reporter for the “Money and Investing” section

of The Wall Street Journal, covering international markets

and foreign exchange. He has appeared on CNN and CNBC, and his work

has also been published in Barron’s, The New

Republic, and Newsweek International.

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编辑推荐

"For decades the dollar has reigned supreme, so much so that

many take it as part of the natural order. But we're in an era of

rapid change and the dollar is not immune. Craig Karmin's

Biography of the Dollar is an indispensable guide to

understanding the way both the U.S. and the world economies work

and the dollar's role in keeping the economic skids greased.

Karmin's great skill is his ability to take what in lesser hands

would seem like complex and opaque ideas and make them transparent,

understandable and relevant, whether you are an entrepreneur, work

in a Fortune 500 company or simply trying to understand what in the

world is going on."

—Ram Charan, author of Know-How and co-author of

Execution: The Discipline of Getting Things Done

"After 50 pages, I was able to hold my own discussing currency

trading with a vice president at JP Morgan Chase. This is an

incredible book that should be required reading for anyone whose

future depends on understanding how the dollar is valued and

manipulated. Whether you work in finance, travel internationally,

or simply haven't been taught why the dollar rises or falls in

relation to other currencies, read Biography of the Dollar

now—or suffer the consequences."

—Timothy Ferriss, #1 New York Times bestselling author of

The 4-Hour Workweek

From the Hardcover edition.

书籍介绍

Will the sun set on the greatest currency in the history of the world?

For decades the dollar has been the undisputed champ. It’s not only the currency of America but much of the world as well, the fuel of global prosperity. As the superengine of the world’s only superpower, it’s accepted everywhere. When an Asian company trades with South America, those transactions are done in dollars, the currency of international business.

But for how much longer? Economists fear America is digging a hole with an economy based on massive borrowing and huge deficits that cloud the dollar’s future. Will the buck be eclipsed by the euro or even China’s renminbi? Should Americans worry when the value of the mighty U.S. dollar sinks to par with the Canadian “loonie”?

Craig Karmin’s in-depth “biography” of the dollar explores these issues. It also examines the green-back’s history, allure, and unique role as a catalyst for globalization, and how the American buck became so almighty that $ became perhaps the most powerful symbol on earth.

Biography of the Dollar explores every aspect of its subject: the power of the Federal Reserve, the inner sanctums of foreign central banks that stockpile the currency, and the little-known circles of foreign exchange traders that determine a currency’s worth. It traces the dollar’s ascendancy, including one incredibly important duck-hunting trip and the world-changing Bretton Woods Conference.

With its watermark, color-shifting inks, and a presidential portrait that glows under ultraviolet light, the dollar has obsessed foreign governments, some of which have tried to counterfeit it. Even Saddam Hussein, who insisted on being paid in euros for oil, had $750,000 in hundred-dollar bills when captured. Yet if a worldwide currency has enabled a global economy to flourish, it’s also allowed the United States to owe unbelievable, shocking amounts of money—paying hundreds of millions of dollars every single day just in interest on foreign debt; that’s raised concerns that the dollar standard may not be sustainable.

Any threat to the dollar’s privileged status would do much more than hurt American pride. It would mean U.S. companies and citizens would not be able to borrow at the low rates they have become accustomed to. The dollar’s demise would impact the rest of the world, too, boosting the costs of trade and investment if no other currency was able to play the same crucial role. Ultimately the dollar system may weaken, but it should endure—a while longer, at least; it’s in few people’s interest to see it fail, and there is still no credible alternative.

Biography of the Dollar is must reading for anyone who wants to understand what truly makes the world go ’round—and whether it will continue to spin the way we want it to.