{"product_id":"fractures-in-trust-randall-h-fields-9798277108536","title":"Fractures in Trust: Early Warning Signals in the Dollar System","description":"\u003cp\u003e\u003cb\u003eFractures in Trust: Early Warning Signals in the Dollar System\u003c\/b\u003e\u003cbr\u003e(Book 2 in the \u003ci\u003eDollar Reserve Series\u003c\/i\u003e)\u003c\/p\u003e\u003cp\u003eThe U.S. dollar is still the world's reserve currency-but for how long, and on what terms?\u003c\/p\u003e\u003cp\u003e\u003ci\u003eFractures in Trust\u003c\/i\u003e looks beneath the headlines and trading screens to examine the quiet shifts already reshaping the dollar-centered financial order. Rather than predicting sudden collapse, Randall H. Fields traces the more subtle-and more realistic-story: how confidence erodes \u003cb\u003egradually\u003c\/b\u003e, then \u003cb\u003eall at once\u003c\/b\u003e.\u003c\/p\u003e\u003cp\u003eBlending clear explanations with data-driven analysis, this book shows how markets, central banks, and policymakers are quietly rewriting the script of dollar dominance.\u003c\/p\u003e\u003cp\u003eInside, you'll discover: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\u003cp\u003e\u003cb\u003eHow trust is priced into markets\u003c\/b\u003e\u003cbr\u003eWhy Treasuries trade at a \"credibility premium,\" how that premium is earned, and what happens when investors start to doubt America's fiscal and political discipline.\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003e\u003cb\u003eThe twin deficits as fault lines\u003c\/b\u003e\u003cbr\u003eHow large, persistent fiscal and current-account deficits feed each other, and why they're more dangerous in a slow-growth, high-debt era than in the past.\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003e\u003cb\u003eWhat COFER and reserve data really say\u003c\/b\u003e\u003cbr\u003eThe truth behind the numbers: the dollar's share of reserves remains dominant, yet the psychology behind those holdings is quietly diversifying.\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003e\u003cb\u003eGold's comeback as a vote of caution\u003c\/b\u003e\u003cbr\u003eWhy central banks are buying gold at record levels, not as a relic of a bygone standard, but as insurance against policy and sanctions risk.\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003e\u003cb\u003eThe path from fiscal stress to currency doubt\u003c\/b\u003e\u003cbr\u003eHow brinkmanship, rising interest costs, and \"fiscal dominance\" can undermine the Fed's independence and the dollar's aura of safety.\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003e\u003cb\u003ePractical early warning signals to watch\u003c\/b\u003e\u003cbr\u003eFrom auction metrics and term premia to reserve composition and settlement trends-how to see fractures in trust before they become breaks.\u003c\/p\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eWritten in clear, non-technical language, \u003ci\u003eFractures in Trust\u003c\/i\u003e is for investors, policy professionals, and thoughtful readers who sense that \"something is different this time\" but want more than slogans or fearmongering.\u003c\/p\u003e\u003cp\u003eThe world still runs on dollars. This book explains what it means when key players start quietly hedging that assumption-and why the future of the global system will be decided not just by economics, but by the \u003cb\u003ecredibility\u003c\/b\u003e of the promises behind the currency.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Randall H. Fields\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9798277108536\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Independently Published\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/04\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 372\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.99lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.93d","brand":"Randall H. Fields","offers":[{"title":"Paperback","offer_id":48801178124543,"sku":"9798277108536","price":13.99,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/fractures-in-trust-randall-h-fields-9798277108536","provider":"WR Book House","version":"1.0","type":"link"}