He kind of puts himself in the same boat as you/us way down on the 'rich pole', but then also tells you how he interacts with his rich friends or powerful leaders. I'm not begrudging him that. It's just kind of comical and a little awkward when he throws in where they are dining and on what, as if he is just a regular, social guy in the midst of this very serious situation. He is firmly in the Doom camp - Gold will save everything - I'm smarter than econ greats - Fiat money will result in the end of the world (maybe be so, but the end of the world happened with gold and other monetary standards in the past too) you get the picture. In the world economical and financial system, there is always a rise and fall. And the fall is always the hardest.

The Road to Ruin by James Rickards: 9781591848080 The Road to Ruin by James Rickards: 9781591848080

He started as someone working in the financial sector and later studied and learned physics and higher mathematics, which he was then able to apply to modeling the markets, something he at one point did for the CIA to help them try to find terrorists based on financial transactions. He was working in the financial industry during some of the crashes he described, gaining insight into how the different banks and other organizations work. He has advised and spoken with high ranking government and bank officials. He has testified before Congress. The "ice 9 doctrine" is worth understanding. If he's right, you'll need to hedge yourself to not become a casualty. So, basically our economic, WORLDWIDE, system is going down. There will be a LOT of chaos, and even bloodshed, and yes probably here in the U.S. too. Your money may be confiscated, but certainly ICE-9'd or frozen without warning! Things will evolve like an earthquake of dominoes and once ut starts this time cannot be stopped. We have come very close several times already to a complete collapse. This next time, it. wiil. be. lethal. and complete. The first part talks about the new power of governments across the world to freeze money flow post-2008. Digital assets can be easily frozen or confiscated, as many sanctioned governments had found out. This only physical gold bars or works of Art, and land ownership certificates are worthy to keep. A financial crisis is certainly coming. In “The Road to Ruin,” I use 2018 as a target date and device because the two prior systemic crises, 1998 and 2008, were 10 years apart. I extended the timeline 10 years into the future from the 2008 crisis to maintain the 10-year tempo, and this is how I arrived at 2018. Yet I make the point in the book that the exact date is unimportant. What is most important is that the crisis is coming and the time to prepare is now. It could happen in 2018, 2019, or it could happen tomorrow. The conditions for collapse are all in place."The Road to Ruin is quite simply a cutting-edge account of the current economic situation, and stands high on several strengths. Of course, he knows how to stop or change it, but nobody is listening to him. So he does give you some tips on how to protect yourself as much as possible. We cannot tell what the trigger will be. Famously it could be a butterfly flapping its wings but as a system collapse gains momentum there will be no way to stop it. El libro proporciona hechos interesantes que no vemos en la avalancha de medios masivos que nos rodea todos los días, el autor recogió piezas y evidencias para el próximo colapso financiero próximo que permitirá lo que llamó un escenario de "nueve y nueve" en el que el llamado "Élite" congelará todo el sistema financiero en todo el mundo y procederá a la inflación extrema para limpiar deudas soberanas en todo el mundo.

Droga do ruiny. Tajny plan globalnego kryzysu finansowego Droga do ruiny. Tajny plan globalnego kryzysu finansowego

The author provides a cautionary example of a defective understanding of fascism. Academics invest in definitions precisely because a good definition can help your analysis focus correctly on the key element of a critical issue. An over-broad definition, in this case, stems from political discussions in America in the 30s. These discussions had not benefited from information and extensive analysis that would come later. The defective definition leads to seeing commonalities in too many places. The author claims that George Bush's "no child left behind" policy and Hilary Clinton's "it takes a village" politics are examples of fascism. I find it odd this made it to press. I feel it reflects deep ignorance or fundamental dishonesty. My favorite way to study history is from an economic point of view, so Jim's books are perfect. His deep knowledge of statistics, economics, physics and chaos theory, along with his experience in the private finance sector, as well as advising major political figures or the CIA is astounding. The way he disseminates his knowledge, shares life experiences, and analyzes the economic make this book educational, captivating and simply entertaining. There was never a dull moment, and I'm continuously amazed by how much Jim has and continues to achieve throughout his life. I guess it's meant to be/is more of an introduction to a new reader, which i guess makes sense, though I still think it's not as solid an introduction. That being said I think the book is full of very interesting things, a lot of thinking and solid reasoning and some very useful and insightful perspective lenses for viewing these decades of history. It makes more sense reading this than my bachelor’s degree in engineering and I am not even kidding.some interesting insights as to what seem likely actions in the next crisis, in particular in the freezing of assets department for purposes of extra taxation/confiscation based on ruling needs. Here too, though one might be tempted to dismiss the author as a conspiracy theorist one finds the same issues being treated in very serious circles (even public papers: IMF, FED, ECB, BIS and the politics around them including the media communication strategy to prepare the masses for these events), though of course on a different tone as rational solutions to guiding the masses into desired outcomes. 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. The third part is about the problem of free trade which has decimated the American middle class. He suggests that tariffs of 30% be slapped on all imports, all corporate tax scrapped, and minimum wage be raised. He argues that this will benefit America, and will stop mercantilist countries from profiting from their currency war. Interesting critics to famous economics schools classical, Austrian, Keynesian and monetarist then Historical with good material regarding gold importance to hold in individual wealth as a protection against inflation and collapse. He gave following time frame for next crash: The book provide interesting facts which we don’t see in the massive media avalanche around us everyday, the author collected pieces and evidences for next coming financial collapse which will let to what he called an “ice-nine” scenario in which the so called “elite” will freeze the entire financial system worldwide and proceed on extreme inflation to cleanup sovereign debts around the world.