There has been much international excitement too-to date, rights have been sold in thirteen countries. Wolf Totem is set in 1960s China-the time of the Great Leap Forward, on the eve of the Cultural Revolution. Searching for spirituality, Beijing intellectual Chen Zhen travels to the pristine grasslands of Inner Mongolia to live among the nomadic Mongols-a proud, brave, and ancient race of people who coexist in perfect harmony with their unspeakably beautiful but cruel natural surroundings. Their philosophy of maintaining a balance with nature is the ground stone of their religion, a kind of cult of the wolf. The fierce wolves that haunt the steppes of the unforgiving grassland searching for food are locked with the nomads in a profoundly spiritual battle for survival-a life-and-death dance that has gone on between them for thousands of years. The Mongols believe that the wolf is a great and worthy foe that they are divinely instructed to contend with, but also to worship and to learn from. Chen's own encounters with the otherworldly wolves awake a latent primitive instinct in him, and his fascination with them blossoms into obsession, then reverence. After many years, the peace is shattered with the arrival of Chen's kinfolk, Han Chinese, sent from the cities to bring modernity to the grasslands. They immediately launch a campaign to exterminate the wolves, sending the balance that has been maintained with religious dedication for thousands of years into a spiral leading to extinction-first the wolves, then the Mongol culture, finally the land. As a result of the eradication of the wolves, rats become a plague and wild sheep graze until the meadows turn to dust. Mongolian dust storms glide over Beijing, sometimes blocking out the moon. Part period epic, part fable for modern days, Wolf Totem is a stinging social commentary on the dangers of China's overaccelerated economic growth as well as a fascinating immersion into the heart of Chinese culture.

    dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. 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. Greater than any single threat is the very real danger of the collapse of the dollar itself.Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas.While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.