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The Report of Currency War Zhang Xinyue 1130200166 10th December, 2012 As a college student majoring finance, currency is one of the economy word that I need to be familiar with. According to Mankiw (2012), we use money to evaluate the transactions in economy, which is similar to measuring length with inch. So there will be no influence to our actual wealth when money supply changes, just like the change in unit of inch cannot change the real distance. However, the book Currency Wars views money as a kind of weapon that can control the world wealth, instead of only a measuring tool. Song (2007) claimed that Mayer Amschel Rothschild, a financier, believed that the one who can control the money issuing of a country do not need to care who the law maker is. Currency Wars shows me a new perspective to consider history events, and the amazing power of currency. The book Currency Wars is consisted with ten chapters, and it can be divided into five main parts. In these five main parts, the writer elaborates the history events of economy, politic, society, and military wars in the nearest two hundred years through the financial perspectives. Firstly, the book let me know who are the members of the Rothschild family, and what did they do in history. In this part, readers can know about the rise of the Rothschild family, a group of genius financiers; the establishment of the banking system in European countries; and how the Rothschild family colluded with royals to form a large financial system, which is considered the birth of the modern banking system. Secondly, Mr. Song tells things about the battle between the United States presidents and the international bankers during the hundreds of years, which was involved in both the wars with shooting and the wars without smoke. He analyzes that not only the occurrence of the American War for Independence and the Civil War, but also the famous assassinations to several American presidents was actually the fin