The best-selling author of The Death of Money and Currency Wars reveals the global elites' dark effort to hide a coming catastrophe from investors.
A drumbeat is sounding among the global elites. The signs of a worldwide financial meltdown are unmistakable. This time the elites have an audacious plan to protect themselves from the fallout: hoarding cash now and locking down the global financial system when a crisis hits.
Since 2014, international monetary agencies have been issuing warnings to a small group of finance ministers, banks, and private equity funds: The US government's cowardly choices not to prosecute J.P. Morgan and its ilk and to bloat the economy with a $4 trillion injection of easy credit are driving us headlong toward a cliff.
As Rickards shows in this frightening, meticulously researched book, governments around the world have no compunction about conspiring against their citizens. They will have stockpiled hard assets when stock exchanges are closed, ATMs shut down, money market funds frozen, asset managers instructed not to sell securities, negative interest rates imposed, and cash withdrawals denied.
If you want to plan for the risks ahead, you will need Rickards's cutting-edge synthesis of behavioral economics, history, and complexity theory. It's a guidebook to thinking smarter, acting faster, and living with the comforting knowledge that your wealth is secure.
The global elites don't want this book to exist. Their plan to herd us like sheep to the slaughter when a global crisis erupts - and, of course, to maintain their wealth - works only if we remain complacent and unaware. Thanks to The Road to Ruin, we don't need to be.
©2016 James Rickards (P)2016 Penguin Audio
complexity theory, economic theory from one of the most interesting economic authors of today. Rickards best yet.
One of Rickards most informative books yet. Some areas were hard to follow, but he is one of the few using these theory's. His writings are "complex"
Surfer, musician, business coach, healthcare facilities management director.
Probably the most revealing book I've ever read on finance, social issues or politics. It's the first time I've been exposed to a model which properly explains the root cause of 2008 GFC, not just the mechanics of what happened, highlighting why it was inevitable, and how the catalyst is just that...only a catalyst. It also makes interesting linkages to many other events, and points out where it is all undeniably going. This book is worth a lot to anyone who is paying attention. Thanks very much to the author!
Great story and the information will protect your wealth.
i was surprised that i could not stop listening.
This book was very entertaining, and informative. I believe that James Rickards is a exceptionally cleaver and talented man; that I would love to meet and have him sign my hard copy. He has really open my eyes up.
Some of the parts around complexity theory and the LTCM collapse in particular are interesting. Some of it sounds like comments on zero hedge. Maybe the scenario he speaks of is possible or maybe not
Having enjoyed a number of Jim's books I found this one particularly difficult to get through.
While I agree completely with the premise, the number of mathematical equations without a way of linking to base idea was a chore. The seemingly disjointed historical ideas, particularly the time related to explain the collapse of his prior employer, was unnecessary.
I think the entire books premise and argument could fit better in one chapter rather than go on and on about things difficult to link for a layman.
Lastly, James did not do any service to this book by reading it himself. Not too sure why he did this, but it was a poor reading.
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