Sold Out

How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy

By: James Rickards

Narrated by: James Rickards

Length: 7 hrs and 44 mins

Publisher's summary

From the man who predicted the worst economic crisis in US history comes Jim Rickards’ second prediction—the collapse of our global economy.

The supply chain crisis is coming to a head. Today, your favorite products are missing from store shelves, caught in supply chain limbo somewhere in the Pacific Ocean. But what does this supply chain disruption look like six months, or even three years, from now? While we hope that post-pandemic recovery will absolve these issues, the reality is that digital currency, meme stonks, and social media can’t solve the age-old problem of producing and moving physical goods across oceans and continents. According to Jim Rickards, consumer frustration is only the tip of a very large, menacing iceberg that threatens global economic collapse.

In Sold Out, Rickards shares his predictions for our post-pandemic future and outlines how consumers and business owners can get ahead of the collapse. You’ll learn how energy shortages in China—fueled by the trade war with Australia—is disrupting the steel market and forcing entire factories to shut down. You’ll also learn how rising inflation will ultimately lead to deflation in a few short years—as consumer spending eventually tanks due to higher taxes, excessive debt, and increased layoffs—and why such economic conditions will closely resemble the 1930s. Finally, Rickards will look at the future of money, including the erasure of the American dollar itself.

Our global economy faces unprecedented challenges in the next few months. But whether we sink or swim depends on how prepared we are—and what we do now to thwart the coming collapse.

©2022 James Rickards (P)2022 Penguin Audio

Insightful

Well researched and informative.
Jim always explains why he predicts the future and supports his thesis in plain English.

Slow start but gets good

I've listened to his podcast and read this book. Very slow start but has a great in depth understanding of geopolitics along with economics.

Brilliant

Jim Rickards is a brilliant macro economist and this book is filled with facts and analysis that Jim is so well known for. I enjoyed hearing him in his own voice.

James you did it again

There is no better explanation of how complex supply chains works and how it’s been dismantled to create supply chain 2.0

Thank You JR

Explains the interconnected mess of inflation

A thoughtful explanation of the multiple causes of inflation and ramifications they have. The author takes a sound approach of pointing out how complex the global supply chains are. He highlights how a culmination of just in time manufacturing and global trade wars exacerbated the inflation from 2020 on.

Very insightful

James really understands how the world works and gets you a broad picture of it.

Another win for Jim

He’s back! Another win for Jim Rickards.
I thought his book Aftermath fell short of the outstanding quality his other books provided. This one is a win, good job 👍🏻

Great insight

A lot of carryover from his previous books but good overall. His views on diversification are spot on

Informational

Despite studying Economics in College, I haven't had a lot to do with it since, so this book was an interesting listen! It gave a lot of new material to think about and conflicted some of the basics, but was logically laid out so convincing!

Not as great as his other books

Interesting but not as good as his other books I’ve read/listened to. Still a good book-