Biography of the Dollar

Biography of the Dollar

How the Mighty Buck Conquered the World and Why It's Under Siege

Book - 2009
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"A remarkable historical, political, and economic
examination of the dollar." --Booklist

Craig Karmin's in-depth "biography" of the dollar examines the power of the Federal Reserve, the inner sanctums of foreign central banks that stockpile currency, and the little-known circles of foreign exchange traders who determine a currency's worth. It's "a surprisingly entertaining and informative social history of the currency that makes the world economy go round," says Kirkus Reviews.

"An incredible book that should be required reading for anyone whose future depends on understanding how the dollar is valued and manipulated." --Timothy Ferriss, #1 New York Times bestselling author of The 4-Hour Workweek

"An indispensible 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." --Ram Charan, coauthor of Execution: The Discipline of Getting Things Done and The Game-Changer

"It's hard to imagine a more entertaining book on such a vital subject."

"Craig Karmin's fortuitously timed Biography of the Dollar argues that the greenback's recent plunge is more than just a market tumble." --Portfolio
Publisher: New York : Three Rivers Press, c2009.
Edition: 1st paperback ed.
ISBN: 9780307339874
Call Number: 332.4973 KARMIN
Characteristics: 265 p. ; 21 cm
Subjects: Dollar, American.
Foreign exchange.
International finance.


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Feb 06, 2014

An interesting discussion of the role of the US dollar in the world. Unfortunately such a book gets a bit outdated and it ends in 2007, a lot has happened since then. Also there appears to be one glaring error where it states that it is costing $1million per day for every man, woman and child interest on the US debt. It may have been referring to the 400 people in a presentation but I do not think so. I checked the US annual debt servicing cost and it agrees with that stated in this book, doing the math this comes to a few 1 to 5 $ per day per man, woman and child in the US.


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