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 comfortðing 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 financialÿGötterdämmerungÿmight look like you ve certainly come to the right place...ÿRickards 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
James Rickardsÿis the Editor ofÿStrategic Intelligenceÿa financial newsletter. He isÿThe New York Timesÿbestselling author ofÿThe New Great Depressionÿ(2020),ÿAftermathÿ(2019),ÿThe Road to Ruinÿ(2016),ÿTheÿNew Case for Goldÿ(2016),ÿThe Death of Moneyÿ(2014), andÿCurrency Warsÿ(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 theÿFinancial Times,ÿEvening Standard,ÿTheÿTelegraph,ÿNew York Times, andÿWashington Post, and has been interviewed by BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, andÿThe Wall Street Journal.ÿMr. 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.