Rickards argues that currency wars are not just an economic or monetary concern, but a national security concern. He maintains that the United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds and that greater than any single threat is the very real danger of the collapse of the dollar itself.
Rickards explains that the Federal Reserve is involved in what he calls “the greatest gamble in the history of finance,” via a sustained effort to stimulate the economy by printing money on a trillion-dollar scale.