Penguin presents the unabridged downloadable audiobook of The Road to Ruin, written and read by James Rickards.
The best-selling author of The Death of Money on how investors can prepare for the next financial panic - and why it's coming sooner than you think.
The global economy has made what seems like an incredible comeback after the financial crisis of 2008. Yet this comeback is artificial. Central banks have propped up markets by keeping interest rates low and the supply of money free-flowing. They won't bail us out again next time. And there will be a next time...soon.
In The Road to Ruin, best-selling author James Rickards identifies how governments around the world are secretly preparing an alternative strategy for the next big crisis: a lockdown. Instead of printing money to reliquify markets and prop up assets, governments are preparing to close banks, shut down exchanges and order powerful asset managers not to sell. They're putting provisions in place that will allow them to do so legally. What's more, the global elite has already started making their own preparations, including hoarding cash and hard assets.
When the next one comes, it will be the average investor who suffers most - unless he or she heeds Rickards' warning and prepares accordingly.
James Rickards is the best-selling author of Currency Wars and The Death of Money. He is a portfolio manager at West Shore Group and an adviser on international economics and financial threats to the Department of Defence and the US intelligence community. He served as facilitator of the first-ever financial war games conducted by the Pentagon.
©2016 James Rickards (P)2016 Penguin Random House UK
Was good to get an different view and perspective of what caused the GFC and other financial crisis. Not sure whether I agree that a crisis cannot be forseen because there were people that predicted the crisis, and even tbough the author says there will be another crisis, how does he know for sure if he mentions on several occasions that the previous crisis could not have been predicted? Quite technical in places and did go off on a tangent several times that I did not think were relevant but overall a good book.
I really enjoyed this book. It's nice to know how the polical and financial elite have and continue to manipulate the small end of town (you and me). There is a reason for major political change. it is long overdue. Brace yourselves for the crash of 2018-25
Extremely knowledgable author that reinforces his views with history and science.
His views differ slightly from books by other authors I have read and I welcomed his view and history and science regarding the economy. I highly recommend this audiobook as an easy way to listen to a book that would take me a few days to read.
It's also great to hearing the voice of the author as you progress through the chapters.
"Almost (but not quite) beyond belief"
Tomorrow's world Today
On the Beach - Neville Shute
Quietly lucid and easy to listen to
Well researched and support insights on every page from someone deep inside the world of money and currency (you'll soon discover the difference) I constantly had to remind myself that Ian Fleming's James Bond could not have done a better job - main;t because that was fiction. If you want the history of the banking system it's here
"A must read! Pick it up now!"
One of the best books ive read this year. It's very insightful and explained very well by the author.
"very interesting ideas"
Definitely worth a listen all the way through! Some good investment advice to preserve wealth.
very interesting if sometimes a bit obscur due to the use of specialised terms.
it is a very scary story...
the narrator pronounces "finesse" instead of "finance" and "lavatory" instead of "laboratory"
"fabulous book , amazing insight"
great book , very informative , easy to understand and well written , recommend.
a superb and fascinating listen. one of if not the best book by rickards. great
Great insights and analysis from Jim. If you enjoyed his other books then you will like this too.
Fantastic content and links between historical events, effects, analytical techniques and market dynamics. A great education that I will repeat and absorb again and again for sure. Well done James, outstanding.
"Smart Guy. Agenda?"
James puts out the same message as his other books, but in more vivid detail. There are hints at an old money conspiracy, tempered with it being merely a means of wealth preservation.
Much of this books builds on James's credibility in judging an upcoming Financial Armageddon. As always timing is key and complexity theory and spontaneous collapse of a supercritical state are put forward.
Not a great deal of news here if you've followed Mr. Rickards this far, but some interesting detail and a little unremarkable financial guidance. As ever, James subtly promotes precious metal holdings at the usual level but adds to this time honoured asset classes.
Perhaps this book is itself James's way of telling us time's up, without committing. Consider also Confessions of an Economic Hitman.
James's delivery of his own material is as ever excellent.
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