What do you think?
Rate this book
Bad Money: FinTech as an Instrument in the Battle for Global Dominance
Veteran FinTech specialist and technology executive, Brad Rigden, takes us on an illuminating journey of how technology and innovation have disrupted not only money and our economy, but our societal fabric on a global scale. This evolution is brought into context amidst the backdrop of cyclic patterns, historical events and behavioural forces, leading us to the precipice of financial entropy.
Rigden lifts the veil above the influence and changes that technology is anticipated to bring as the digital century unfolds. This illustrates how technological advancements are being co-opted to serve rogue agendas, thereby surfacing the business strategies and simmering geopolitical forces at play.
Whether your interests pique in FinTech, blockchain and crypto-currencies, artificial intelligence, economics, money or geopolitics, this book will arm you with an enduring and entirely new perspective with which to understand the world around us, and navigate where we go from here.
Rigden lifts the veil above the influence and changes that technology is anticipated to bring as the digital century unfolds. This illustrates how technological advancements are being co-opted to serve rogue agendas, thereby surfacing the business strategies and simmering geopolitical forces at play.
Whether your interests pique in FinTech, blockchain and crypto-currencies, artificial intelligence, economics, money or geopolitics, this book will arm you with an enduring and entirely new perspective with which to understand the world around us, and navigate where we go from here.
714 pages, Hardcover
Published December 21, 2022
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 18 of 18 reviews
March 1, 2023
Bad Money lays a foundation to understand the elements, artefacts and events which have led to the digital disruption, FinTech, and the emergence of AI. It examines the evolving world of FinTech through Cloud computing, Payments, InsurTech, Crypto, Embedded Finance, and Immersive Technology. Eventually it breaks out of the Web3.0 dimension into the Web4.0 world which is emerging. Along the journey, the book examines Money, monetary economics and the institutions as well as history of how these relate to one another in a present-day geopolitical context. Finally, the book illustrates how these technological advancements in Web3.0 and Web4.0 are being used to manipulate geoeconomic and geopolitical outcomes. This is probably the most relevant and current book examining all of these topics in a cohesive context. I found it informative, thought-provoking, credible and at times, daunting. Categorically, a must read book for anyone interested in the digital epoch or finance sector. Outstanding!
November 28, 2023
After many fascinating conversations with Brad as he was finishing this masterpiece, I couldn’t wait to have it launched and ready for consumption. Brad is so informed on history and the forces at play today. In speaking with him and through reading this novel, it’s safe to say that this is a gift to any who have the chance to tap into not only his insights and very intelligent mind, but also the true facts behind how and why we live the way we do today and most importantly, what the future holds.
January 18, 2026
Bad Money is a wide-ranging exploration of how financial technology, monetary systems, and geopolitical power are intertwined in the 21st century. Rigden, a veteran FinTech executive, argues that recent technological advancements especially in financial technology (FinTech), payments, cloud computing, artificial intelligence, and digital identity have not only disrupted markets but are reshaping the foundations of money, finance, and global power dynamics.
At its core, the book presents a historical and structural narrative, it places the digital revolution in the context of centuries-long cycles of innovation, credit expansion and contraction, and shifts in global order. From early monetary systems to contemporary FinTech, Rigden traces how technology layers onto economic and political institutions, accelerating existing tendencies and creating new vulnerabilities.
A significant theme is the idea that financial infrastructure not just currencies or markets has become an instrument of power. Rigden emphasizes that control over the “rails” of finance (including payment networks, settlement systems, data platforms, identity frameworks, and regulatory technology) gives states and powerful private actors the ability to coerce, exclude, or influence behavior without conventional military confrontation. In this view, sanctions and financial exclusion are modern weapons in geopolitical competition.
The book also situates contemporary developments such as blockchain, cryptocurrencies, and digital assets within broader trends. Rather than treating these solely as technological innovations or investment vehicles, Rigden interprets them as part of a larger geoeconomic struggle where emerging technologies can both liberate and entrench power. He contends that digital currencies and decentralized systems reflect deep distrust of existing systems, but are unlikely to outright replace sovereign money without state coordination.
Rigden engages with cyclic patterns and historical precedent to suggest that the current financial and technological transformations are part of broader cycles of rise, entropy, and reconstitution of economic orders though the exact timing and outcomes remain uncertain. He argues that emerging technologies could either exacerbate fragmentation or be harnessed to build more resilient systems, depending on how states and societies choose to govern them.
Overall, Bad Money is both a diagnostic and prognostic work. It offers a narrative of how we arrived at a juncture where technology, money, and power overlap intensely, and it warns that the decisions made now about financial infrastructure, technology governance, and geopolitical strategy will shape the contours of the global order for decades. The book aims to equip readers from finance professionals to policymakers and general observers with a comprehensive framework for understanding these dynamics and navigating future challenges.
At its core, the book presents a historical and structural narrative, it places the digital revolution in the context of centuries-long cycles of innovation, credit expansion and contraction, and shifts in global order. From early monetary systems to contemporary FinTech, Rigden traces how technology layers onto economic and political institutions, accelerating existing tendencies and creating new vulnerabilities.
A significant theme is the idea that financial infrastructure not just currencies or markets has become an instrument of power. Rigden emphasizes that control over the “rails” of finance (including payment networks, settlement systems, data platforms, identity frameworks, and regulatory technology) gives states and powerful private actors the ability to coerce, exclude, or influence behavior without conventional military confrontation. In this view, sanctions and financial exclusion are modern weapons in geopolitical competition.
The book also situates contemporary developments such as blockchain, cryptocurrencies, and digital assets within broader trends. Rather than treating these solely as technological innovations or investment vehicles, Rigden interprets them as part of a larger geoeconomic struggle where emerging technologies can both liberate and entrench power. He contends that digital currencies and decentralized systems reflect deep distrust of existing systems, but are unlikely to outright replace sovereign money without state coordination.
Rigden engages with cyclic patterns and historical precedent to suggest that the current financial and technological transformations are part of broader cycles of rise, entropy, and reconstitution of economic orders though the exact timing and outcomes remain uncertain. He argues that emerging technologies could either exacerbate fragmentation or be harnessed to build more resilient systems, depending on how states and societies choose to govern them.
Overall, Bad Money is both a diagnostic and prognostic work. It offers a narrative of how we arrived at a juncture where technology, money, and power overlap intensely, and it warns that the decisions made now about financial infrastructure, technology governance, and geopolitical strategy will shape the contours of the global order for decades. The book aims to equip readers from finance professionals to policymakers and general observers with a comprehensive framework for understanding these dynamics and navigating future challenges.
April 5, 2023
Every now and then I encounter a book that is colossal in most senses. This is one of them. It takes a broad view of the past 500 years to discern patterns of change economics, technology modernisation and in the world order. These patterns are then collated to derive an over-arching theory of change. Just when you get the hang of that, the overall cycle is then broken down into it's constituent parts and the individual drivers of change are then analysed. Like I said, it's a big work.
A great review of history in the context of empires in a financial context. Also the technology aspects are fascinating and insightful. It is very forward looking in areas such as cloud computing, AI, payments, crypto, embedded finance, and the internet of things.
The author then goes on to present the evidence, and to make his case. I found the arguments to be quite compelling. They are certainly well researched and well made. The cycle is distilled into a narrative, where one thing is shown to lead to another, as part of a natural progression. Every rise is shown to contain the seeds of its own destruction, so decline and fall are part of a natural process. Over the past 500 years, this cycle is evidenced to reinforce the pattern.
That's where the story becomes interesting. In looking at the transition between the superpowers, the story becomes contemporary and then moves into the future. This has my attention. The author suggests that future events will follow a familiar pattern and trajectory. He may well be right. However, whilst he can point to the direction of the flow, the timing of future events remains a matter of conjecture. For example, he says that the US Dollar will lose it's pre-eminence. I agree, but this isn't entirely helpful. When will that happen?
In that respect, the book is a great first step. The author’s thinking needs further refinement to provide some indications for a timeline. This is a gap that I am keen to cover. That defines how I see the book. It is one of those books to which we shall return from time to time. There is something really big in here and unlocking it ought not to be too much of a problem.
The size of the book - 700+ pages - is a minor impediment. It’s written particularly well, and there are a good number of charts to break up the reading process. Going through it is hard work at times, but I found it to be very rewarding. I would imagine that I shall return to the book fairly soon, in an attempt to blend it with other areas of research.
Highly recommended!
A great review of history in the context of empires in a financial context. Also the technology aspects are fascinating and insightful. It is very forward looking in areas such as cloud computing, AI, payments, crypto, embedded finance, and the internet of things.
The author then goes on to present the evidence, and to make his case. I found the arguments to be quite compelling. They are certainly well researched and well made. The cycle is distilled into a narrative, where one thing is shown to lead to another, as part of a natural progression. Every rise is shown to contain the seeds of its own destruction, so decline and fall are part of a natural process. Over the past 500 years, this cycle is evidenced to reinforce the pattern.
That's where the story becomes interesting. In looking at the transition between the superpowers, the story becomes contemporary and then moves into the future. This has my attention. The author suggests that future events will follow a familiar pattern and trajectory. He may well be right. However, whilst he can point to the direction of the flow, the timing of future events remains a matter of conjecture. For example, he says that the US Dollar will lose it's pre-eminence. I agree, but this isn't entirely helpful. When will that happen?
In that respect, the book is a great first step. The author’s thinking needs further refinement to provide some indications for a timeline. This is a gap that I am keen to cover. That defines how I see the book. It is one of those books to which we shall return from time to time. There is something really big in here and unlocking it ought not to be too much of a problem.
The size of the book - 700+ pages - is a minor impediment. It’s written particularly well, and there are a good number of charts to break up the reading process. Going through it is hard work at times, but I found it to be very rewarding. I would imagine that I shall return to the book fairly soon, in an attempt to blend it with other areas of research.
Highly recommended!
March 25, 2023
Bad Money is a multifaceted read that examines the digital disruption by explaining the evolution of capital. Once baselined, the book examines how utility is “surfaced” through technology to disrupt incumbent business models through Schumpeter’s “Creative Destruction” paradigm. Using this basis, the book examines the rise and application of technology and Artificial Intelligence to disrupt the existing payment, monetary and insurance technologies which the FinTech and Big Tech community have exploited. The book then establishes a baseline for the institutions and fundamentals on Money and monetary value, even examining the role of Gold and other precious metals in our monetary system. This becomes the basis for examining the significance of Schwartz’s “specie-standard rule” and Gresham’s Law’s influence over monetary decline.
The book embarks on framing these concepts with the cyclic patterns of credit and debt cycles at a microeconomic scale prior to examining this pattern through macroeconomic financialisation and geopolitical lenses.
Essentially, the book uses these constructs to establish the case for a 21st century Sino-Russian axis, which Henry Kissinger managed to avoid being created under the Nixon administration. This forecast seems consistent with current events.
In its final chapter, the book examines a plethora of potential remedies to the symptoms, but not the cause of these phenomena. This appears intentional as the solutions seems ostensible yet politically insoluble.
I thoroughly enjoyed this book. Rigden has masterfully crafted this material which weaves a multitude of complex concepts together in a broadly consumable fashion which may be enjoyed by a diverse audience. The subject matter will be many things to many different perspectives and disciplines which brings me to my final point about this work. Bad Money makes the case that it is our “Money” that has landed the world in this mess. It further makes the case that FinTech has accelerated our decline in this regard, however, ingeniously demonstrates how FinTech may be the remedy too. I have not done the insightful technology aspects of this work justice in my review.
I nonetheless recommend this fascinating title and believe it will endure.
The book embarks on framing these concepts with the cyclic patterns of credit and debt cycles at a microeconomic scale prior to examining this pattern through macroeconomic financialisation and geopolitical lenses.
Essentially, the book uses these constructs to establish the case for a 21st century Sino-Russian axis, which Henry Kissinger managed to avoid being created under the Nixon administration. This forecast seems consistent with current events.
In its final chapter, the book examines a plethora of potential remedies to the symptoms, but not the cause of these phenomena. This appears intentional as the solutions seems ostensible yet politically insoluble.
I thoroughly enjoyed this book. Rigden has masterfully crafted this material which weaves a multitude of complex concepts together in a broadly consumable fashion which may be enjoyed by a diverse audience. The subject matter will be many things to many different perspectives and disciplines which brings me to my final point about this work. Bad Money makes the case that it is our “Money” that has landed the world in this mess. It further makes the case that FinTech has accelerated our decline in this regard, however, ingeniously demonstrates how FinTech may be the remedy too. I have not done the insightful technology aspects of this work justice in my review.
I nonetheless recommend this fascinating title and believe it will endure.
November 25, 2024
Key Themes
The book delves into several interconnected topics:
FinTech and Digital Disruption: Rigden examines how financial technology is reshaping the monetary landscape and economy.
Artificial Intelligence: The book discusses the anticipated influence of AI on finance and society as the digital century unfolds.
Geopolitical Forces: It explores how technological advancements are being utilized to serve various agendas, highlighting the geopolitical dynamics at play1.
Historical Context: Rigden places these developments within the framework of cyclic patterns and historical events1.
Blockchain and Cryptocurrencies: The book covers these emerging technologies and their impact on the financial world1.
Broader Implications
Rigden's work goes beyond just discussing financial technology. It aims to provide readers with a new perspective on understanding the world around us and navigating future challenges1. The author presents hypotheses on topics such as:
The rise of global actors through debt trap diplomacy
Potential shifts in global power dynamics through financial instruments
Audience
This book is likely to appeal to readers interested in FinTech, blockchain, cryptocurrencies, artificial intelligence, economics, money, and geopolitics1. It offers insights that can be valuable for both industry professionals and those seeking to understand the broader implications of technological changes in finance.
By examining these complex topics, "Bad Money" aims to equip readers with a deeper understanding of how financial innovation and technology are shaping our world and influencing global power structures.
The book delves into several interconnected topics:
FinTech and Digital Disruption: Rigden examines how financial technology is reshaping the monetary landscape and economy.
Artificial Intelligence: The book discusses the anticipated influence of AI on finance and society as the digital century unfolds.
Geopolitical Forces: It explores how technological advancements are being utilized to serve various agendas, highlighting the geopolitical dynamics at play1.
Historical Context: Rigden places these developments within the framework of cyclic patterns and historical events1.
Blockchain and Cryptocurrencies: The book covers these emerging technologies and their impact on the financial world1.
Broader Implications
Rigden's work goes beyond just discussing financial technology. It aims to provide readers with a new perspective on understanding the world around us and navigating future challenges1. The author presents hypotheses on topics such as:
The rise of global actors through debt trap diplomacy
Potential shifts in global power dynamics through financial instruments
Audience
This book is likely to appeal to readers interested in FinTech, blockchain, cryptocurrencies, artificial intelligence, economics, money, and geopolitics1. It offers insights that can be valuable for both industry professionals and those seeking to understand the broader implications of technological changes in finance.
By examining these complex topics, "Bad Money" aims to equip readers with a deeper understanding of how financial innovation and technology are shaping our world and influencing global power structures.
February 25, 2023
Bad Money is an insightful, informative and thought-provoking read that incrementally illustrates the connection between industrialization and the digital revolution. The book demonstrates the cyclic patterns that govern innovation and technological advancement while maintaining a business and economic centric balance. Later the book explicitly illustrates the merge between finance and technology which provides salient and substantive examples of FinTech and Artificial Intelligence development. Thereafter the book examines historical and current financial technology, and then segways into how money was materialised and has transformed. There is further focus on what was, is and will be with regard to monetary evolution. Thereafter, the book gets really interesting as it delves into the institutions, the economics and the relationships between people, business and public policy. It highlights and explores the enigmatic influence of financialization and then discusses international relations and geopolitical textures which have exploited these artefacts and principles in order to accelerate and serve geoeconomic ambitions. In short, the book is a fantastic read which in some areas teaches, and in others, promotes critical thinking. In certain areas I felt like I was back at Harvard and in other areas as if I was peaking into a dystopian crystal ball at a fete. I categorically can only recommend that this book is read, savoured and read again. I couldn't put it down.
March 19, 2023
An initial reading of the title of Rigden’s book may give the impression that this is to be yet another work in the continuing cliche over the decline of the United State and the rise of others, particularly China. This book, however, is much more than that.
‘Bad Money’ is in fact a broad based work that covers many aspects, political, social, economic, financial and technological. The book very precisely and elaborately pins the case that although seemingly resistant to change, the financial system must evolve. Furthermore, these changes are borne through non-dominant players rather than mature industrialised countries which have vested forms of infrastructure and systems which have evolved over centuries.
At some length, the book explores the primacy and status of the dollar as a yard stick for measuring the metamorphosis in the geopolitical and financial worlds enabled by technology and digital disruption. The most interesting dimension is the coopting of these artefacts to effect both geo-economic and geopolitical outcomes.
Regardless of a few imbalanced views in some sections, one cannot help but admire the breadth and scope of Rigden’s work. This is by far the best analytical study of FinTech and Artificial Intelligence I have read yet, and is highly recommended.
‘Bad Money’ is in fact a broad based work that covers many aspects, political, social, economic, financial and technological. The book very precisely and elaborately pins the case that although seemingly resistant to change, the financial system must evolve. Furthermore, these changes are borne through non-dominant players rather than mature industrialised countries which have vested forms of infrastructure and systems which have evolved over centuries.
At some length, the book explores the primacy and status of the dollar as a yard stick for measuring the metamorphosis in the geopolitical and financial worlds enabled by technology and digital disruption. The most interesting dimension is the coopting of these artefacts to effect both geo-economic and geopolitical outcomes.
Regardless of a few imbalanced views in some sections, one cannot help but admire the breadth and scope of Rigden’s work. This is by far the best analytical study of FinTech and Artificial Intelligence I have read yet, and is highly recommended.
March 18, 2023
Recommended by a colleague and what an incredible book!
Bad Money examines the decline in the United States primacy as the dominant nation through the damage sustained to the dollar via a concept the author describes as "quantitative destruction". The book examines the link between capitalism and economic patterns which have led down this path and as a byproduct induced the current digital revolution underpinned by cloud computing, fintech and aritifical intelligence.
Ulitmately the book combines these concepts and posits some pretty contentious conclusions about where our society and our world order is heading. I thoroughly enjoyed this book. It is well written and incredibly well researched. I sincerely hope the author is wrong about where the world is headed but I must admit the hypothesis is evocative and compelling.
I think anyone who is interested in money, fintech, artificial intelligence and their economic and geopolitical impact should read this book. It is among my favourite reads ever.
Bad Money examines the decline in the United States primacy as the dominant nation through the damage sustained to the dollar via a concept the author describes as "quantitative destruction". The book examines the link between capitalism and economic patterns which have led down this path and as a byproduct induced the current digital revolution underpinned by cloud computing, fintech and aritifical intelligence.
Ulitmately the book combines these concepts and posits some pretty contentious conclusions about where our society and our world order is heading. I thoroughly enjoyed this book. It is well written and incredibly well researched. I sincerely hope the author is wrong about where the world is headed but I must admit the hypothesis is evocative and compelling.
I think anyone who is interested in money, fintech, artificial intelligence and their economic and geopolitical impact should read this book. It is among my favourite reads ever.
May 19, 2024
What is Bad Money about?
‘Bad Money’ by Brad Rigden offers profound insights into how monetary policy and technology, particularly FinTech and Artificial Intelligence, have accelerated a decline in US monetary hegemony. Unlike typical finance books that focus on the technical aspects of investing, budgeting or economics, Rigden explores the subtle ways that the evolving monetary landscape has served as an instrument of Gresham’s law, as in “Bad Money driving out Good money.”
Through engaging content, the book delves into themes such as hegemony, economics, and geopolitics. It emphasizes the importance of the variables which influence shifts in geopolitical leadership as well as the pattern which such shifts follow. Most daunting, is the relationship between technological advancements such as FinTech and AI which play a role in these patterns. An eye-opening and profound book.
‘Bad Money’ by Brad Rigden offers profound insights into how monetary policy and technology, particularly FinTech and Artificial Intelligence, have accelerated a decline in US monetary hegemony. Unlike typical finance books that focus on the technical aspects of investing, budgeting or economics, Rigden explores the subtle ways that the evolving monetary landscape has served as an instrument of Gresham’s law, as in “Bad Money driving out Good money.”
Through engaging content, the book delves into themes such as hegemony, economics, and geopolitics. It emphasizes the importance of the variables which influence shifts in geopolitical leadership as well as the pattern which such shifts follow. Most daunting, is the relationship between technological advancements such as FinTech and AI which play a role in these patterns. An eye-opening and profound book.
March 29, 2023
I'm not certain I agree with the author's supposition as to where our world order is heading. However, I found the book very interesting. It's a well thought out and well reasoned analysis of current technologies, future applications, and very real and current global challenges. I struggle to reconcile that our western leadership isn't capable of mitigating the risks of another financial meltdown and furthermore a geo-economic conflict.
I nonetheless have rated this book at a five and recommend that it's read; as it is fascinating.
I nonetheless have rated this book at a five and recommend that it's read; as it is fascinating.
March 18, 2023
Very well researched and well written. The book takes the reader on a layered journey which ties together neatly by the end. Without a doubt one of the most elegant books I've read covering money, gold, fintech and artificial intelligence, all-the-while articulating and examining these subjects in a confluent context of economics and geopolitics. By far the most brilliant book I've read covering these subjects. Substantial, salient and very current!
March 20, 2023
A compelling and thought-provoking analysis of global trends. Rigden is a superb explainer of history and economics, tracing broad trends with insight and skill. A very forcefully written, lively book that is full of provocations and predictions. Definitely a pervasive and penetrating work which encapsulates digital disruption, the emergence of FinTech, and its implications to the global financial system. Unequivocally, an important and pivotal book well worth reading.
September 12, 2023
An incredible book which spans the dimensions of fintech, artificial intelligence and the role that monetary integrity and economics are playing in the Sino-American superpower marathon. By far, the most compelling book I've read on the subject thus far. Truly a masterful work which illustrates how fragile our financial system has become while illustrating how it may be remodelled through technology as the digital epoch abides. 5/5
March 19, 2023
This important book, deeply considered, full of historical understanding and realism, is about more than Fintech and AI. It is about a twentv-first-centurv world no longer modelled on and shaped bv North Atlantic power, ideas and assumptions. I suspect it will be highly influential.
#fintech #AI #Artificial Intelligence #digital
#fintech #AI #Artificial Intelligence #digital
March 20, 2023
An exhaustive, incisive exploration of possibilities that many people have barely begun to contemplate about a future dominated by technology. Rigden has written a work of considerable erudition, with provocative and often counterintuitive speculations about one of the most important questions facing the world today.
Highly recommended!
Highly recommended!
April 13, 2023
Bad Money is probably the most surprising non-fiction title I've read in many years. It begins by focussing on "Fintech & AI" and ends with examining how Money and the financial system will have to reorientate in order to sustain the digital epoch and potential changes in the world order.
I found it very infomative and enlightening. By the time the arguments are made, the book has articulated the foundational concepts to ensure the case is easily made. I'm not sure how to describe this book other than to say it is well written, easy to understand, and leads to an utterly impregnable conclusion. There is no doubt that the author is a keen expert in all these fields. The research to write this book is incredible and the arguments are well thought out and reasoned.
Some poins are repititively made but given the size and dimensionality of the book, it wasn't unwarranted. I am very keen to see what other experts make of this book. I certainly feel that it is very current and offers something quite special. I plan on reading it again soon.
I found it very infomative and enlightening. By the time the arguments are made, the book has articulated the foundational concepts to ensure the case is easily made. I'm not sure how to describe this book other than to say it is well written, easy to understand, and leads to an utterly impregnable conclusion. There is no doubt that the author is a keen expert in all these fields. The research to write this book is incredible and the arguments are well thought out and reasoned.
Some poins are repititively made but given the size and dimensionality of the book, it wasn't unwarranted. I am very keen to see what other experts make of this book. I certainly feel that it is very current and offers something quite special. I plan on reading it again soon.
September 18, 2023
I have just finished reading this fascinating book which discusses the precarious state of geopolitical and geo economic affairs we face in our age and how fintech innovation is disrupting the status quo.
The US has for the best part of a century greatly benefitted from having the dollar as the global reserve currency but this privilege and associated world dominance could be under threat with the emergence of new technologies and the rise of other world economic powers, amidst a backdrop of unprecedented national debt.
This book has provided me with a deeper understanding of global economics and what is unfolding across the world right now and why. From global trade, world dominance and cyclic shifts thereof, macroeconomics, banking, economic cycles, de-dollarisation, the history and aspects of money in its many forms including gold, cryptocurrencies and CBDCs, to AI, cloud computing, digital payments, 5G and surveillance capitalism, this book explains all of these concepts (to name just a few) and how innovations are being co-opted to serve diverse political agendas around the globe.
I thoroughly recommend this book to anyone wanting to broaden their understanding of the global monetary system and the current and looming state of global political affairs, as well as any technophiles.
The US has for the best part of a century greatly benefitted from having the dollar as the global reserve currency but this privilege and associated world dominance could be under threat with the emergence of new technologies and the rise of other world economic powers, amidst a backdrop of unprecedented national debt.
This book has provided me with a deeper understanding of global economics and what is unfolding across the world right now and why. From global trade, world dominance and cyclic shifts thereof, macroeconomics, banking, economic cycles, de-dollarisation, the history and aspects of money in its many forms including gold, cryptocurrencies and CBDCs, to AI, cloud computing, digital payments, 5G and surveillance capitalism, this book explains all of these concepts (to name just a few) and how innovations are being co-opted to serve diverse political agendas around the globe.
I thoroughly recommend this book to anyone wanting to broaden their understanding of the global monetary system and the current and looming state of global political affairs, as well as any technophiles.
Displaying 1 - 18 of 18 reviews