The Road to Ruin, James Rickards
The Road to Ruin, James Rickards
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The Road to Ruin
The Global Elites' Secret Plan for the Next Financial Crisis

Author: James Rickards

Narrator: James Rickards

Unabridged: 10 hr 41 min

Format: Digital Audiobook Download

Publisher: Penguin Audio

Published: 11/15/2016


Synopsis

The bestselling author of The Death of Money and Currency Wars reveals the global elites' dark effort to hide a coming catastrophe from investors in The Road to Ruin, now a National Bestseller.
 
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 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.

"If you are curious about what the financial Götterdämmerung might look like you’ve certainly come to the right place... Rickards believes -- and provides tantalizing snippets of private conversations with those who dwell in the very eye-in-the-pyramid -- that the current world monetary and financial system is on the verge of insolvency and that the world financial elites already have a successor system for which they are laying the groundwork."
--Ralph Benko, Forbes

About The Author

James Rickards is the Editor of Strategic Intelligence a financial newsletter. He is The New York Times bestselling author of The New Great Depression (2020), Aftermath (2019), The Road to Ruin (2016), The New Case for Gold (2016), The Death of Money (2014), and Currency Wars (2011) from Penguin Random House. He is an investment advisor, lawyer, inventor, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an op-ed contributor to the Financial TimesEvening StandardThe TelegraphNew York Times, and Washington Post, and has been interviewed by BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, Georgetown University, Trinity College Dublin, The Kellogg School at Northwestern, the U.S. Army War College and the School of Advanced International Studies. He has presented papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board of the FDD Center on Economic and Financial Power in Washington DC. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS, and a B.A. (with honors) from Johns Hopkins. He lives in New Hampshire.Follow @JamesGRickards.


Reviews

Goodreads review by Pedro on November 24, 2016

A serious contender to the prize of most important book of the year. Timely, serious, intellectually honest, with deep, articulate reflections (that Rickards have been honing in these last years, through articles, interviews and books) about the true state of the world, as filtered through its inere......more

Goodreads review by Kressel on February 10, 2017

Before reading this book, my biggest financial worries were about paying down my credit card and saving for retirement, but now I’m worried if I’ll ever be so blessed as to reach old age. This book makes the highly plausible argument that the next financial crisis is right around the corner, and not......more

Goodreads review by Jim on May 24, 2018

This book is the economic theory book I've been looking for all my post-Keens life (misspelling intentional). I was so excited to see Bayes' theorem show up in there, too. Now I got this one from the library, but it's gonna be a slow read for me, allowing for everything to sink in real good. Therefo......more

Goodreads review by Adrian on September 11, 2017

The Road to Ruin is quite simply a cutting-edge account of the current economic situation, and stands high on several strengths. First of all, it is very readable whilst being sufficiently academic. Financial newcomers may be lost in jargon, but Rickards does not overwhelm the reader. Secondly, it i......more

Goodreads review by David on April 17, 2019

Not too sure about this author, he seems very bright and knows many people in high finance but his views on AGW seems to come right out of the conspiricy theorists camp.......more