The road to ruin
Subtitle: the global elites' secret plan for the next financial crisis
By: James Rickards
Publisher: Penguin Books; Portfolio
Published: 2016
Language: eng
Number of pages: 340
ISBN-13: 9781591848080; 9780735213388; 9780241189207
Subjects: Financial crises; Monetary policy; Government policy; Banks and banking
Description: "The bestselling 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 U.S. 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 comforing 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"--
Notes: Includes bibliographical references (pages 305-324) and index.
Table of contents: title: Introduction; title: This is the end; title: One money, one world, one order; title: Desert city of the mind; title: Foreshock : 1998; title: Foreshock: 2008; title: Earthquake: 2018; title: Bonfire of the elites; title: Capitalism, fascism, and democracy; title: Behold a black horse; title: Conclusion.