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The Road to Ruin Audiobook

The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis

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Publisher's Summary

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

What Members Say

Average Customer Rating

4.7 (53 )
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Performance
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  •  
    Mark Sydney 03/06/2017
    Mark Sydney 03/06/2017 Member Since 2017
    ratings
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    2
    2
    Overall
    "Excellent and timely account of systemic risk"

    Very interesting and topical approach to the assessment of risk in a more complex and interconnected global financial system.

    0 of 0 people found this review helpful
  •  
    087 04/04/2017
    087 04/04/2017
    ratings
    REVIEWS
    1
    1
    Overall
    Performance
    Story
    "Worth a read/listen"

    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.

    0 of 0 people found this review helpful
  •  
    Peter 08/03/2017
    Peter 08/03/2017 Member Since 2016
    HELPFUL VOTES
    2
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    21
    7
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    "Mandatory reading"

    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

    0 of 0 people found this review helpful
  •  
    john 30/01/2017
    john 30/01/2017 Member Since 2017
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    REVIEWS
    6
    1
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    Story
    "Expert on the economy"

    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.

    0 of 0 people found this review helpful
  •  
    Justin 19/12/2016
    Justin 19/12/2016 Member Since 2016
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    REVIEWS
    9
    3
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    Story
    "Eye opening"

    A fantastic insight into societal decline and how to protect ones family against it. chilling.

    0 of 0 people found this review helpful
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  • C. Lavine
    South Africa
    5/01/17
    Overall
    Performance
    Story
    "Almost (but not quite) beyond belief"
    If you could sum up The Road to Ruin in three words, what would they be?

    Tomorrow's world Today


    What other book might you compare The Road to Ruin to and why?

    On the Beach - Neville Shute


    What about James Rickards’s performance did you like?

    Quietly lucid and easy to listen to


    Was there a moment in the book that particularly moved you?

    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


    Any additional comments?

    Fascinating.

    0 of 0 people found this review helpful
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  • Adrian J. Smith
    UK
    11/09/17
    Overall
    Performance
    Story
    "Superb!"

    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 is very well informed. Researched is not the correct word, although Rickards clearly backs his work up with up to date sources, however, it is informed in the sense that Rickards is no industry outsider, quite the opposite. He has served at the highest levels of banking, and converses with the very highest people.
    Thirdly, it makes sense. Early on, Rickards establishes that Economics, while being a science, is not practiced as such as economists behave like dogmatists, obfuscating information and data that does not hold with their preconceived theories. As such, the same risk models, algorithms, and practices that led to the crash of 2008 are firmly in place. Rickards details the 1998 collapse of Long Term Capital Management as a model for the crash of 2008, model in the sense that central bankers, policy elites, and the financial community could have learned the lessons from 1998, but ignored them.
    Rickards work is both an overview of the systemic flaws in the world financial system, and something of a divination into what may come. The scenario he lays out is harsh and unsettling, wherein he posits that elites will roll out a universal asset freeze and halt of the global economy, and this will be backed up with the full force of the state, using policing tactics which may sound harsh to the unfamiliar, but as Rickards illustrates, are already widely practiced.
    Rickards work may draw raised eyebrows, skepticism and disagreement, but whether one agrees with his book or not, it stands on its own merits as a well written, well argued and well informed critique of the global financial system, and stand tall it does.

    1 of 1 people found this review helpful
  • Rik Muschamp
    19/06/17
    Overall
    Performance
    Story
    "Intriguing, scary, paranoid!"
    Any additional comments?

    An interesting analysis of the history of the world financial market and the potential direction we are heading. Rickards comes across as a plausible commentator with a great deal of insight into the subject. However, the core concept of the book seems a little grandiose and paranoid to be realistic. I wholeheartedly believe much of it is possible but the end game seems unlikely.

    Why would this mysterious global elite want to turn capitalism into socialism when capitalism is what made them rich in the first place?

    1 of 1 people found this review helpful
  • Danny Phillips
    29/08/17
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    Performance
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    "Take action book"

    This book is extremely insightful with detailed accounts of historical crashes, dates and references to financial moments in history and and psychological angle on human behaviour. This book is an ultimate call to action, not only to buy assets but to invest in further education! Thank you Jim for passing on this 'wealth' of knowledge! 👍🏼🤗

    0 of 0 people found this review helpful
  • olusola adebusuyi
    8/03/17
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    Performance
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    "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.

    0 of 0 people found this review helpful
  • David
    17/02/17
    Overall
    "very interesting ideas"

    Definitely worth a listen all the way through! Some good investment advice to preserve wealth.

    0 of 0 people found this review helpful
  • julien
    county wicklow, Ireland
    8/02/17
    Overall
    Performance
    Story
    "good overall"

    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"

    0 of 0 people found this review helpful
  • Bill
    23/01/17
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    Performance
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    "fabulous book , amazing insight"

    great book , very informative , easy to understand and well written , recommend.
    buy

    0 of 0 people found this review helpful
  • k4tk4kn4
    24/12/16
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    Performance
    Story
    "superb!
    "

    a superb and fascinating listen. one of if not the best book by rickards. great

    0 of 0 people found this review helpful
  • CMCGROG
    22/12/16
    Overall
    Performance
    Story
    "Good stuff"

    Great insights and analysis from Jim. If you enjoyed his other books then you will like this too.

    0 of 0 people found this review helpful
  • Derek
    17/12/16
    Overall
    Performance
    Story
    "Fantastic"

    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.

    0 of 0 people found this review helpful

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