The Death of Money
The Coming Collapse of the International Monetary System
This book can be downloaded and read in Apple Books on your Mac or iOS device.
The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar.
The U.S. dollar has been the global reserve currency since the end of World War II. If the dollar fails, the entire international monetary system will fail with it. But optimists have always said, in essence, that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government.
In the last few years, however, the risks have become too big to ignore. While Washington is gridlocked, our biggest rivals—China, Russia, and the oil-producing nations of the Middle East—are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos.
James Rickards, the acclaimed author of Currency Wars, shows why money itself is now at risk and what we can all do to protect ourselves. He explains the power of converting unreliable investments into real wealth: gold, land, fine art, and other long-term stores of value.
End of time
This is a great book but very scary and deeply concerning. His advice to prepare for this end of the world scenario is great for wealthy people but what about the small people with very limited access to funds? I don't trust the government with the way it is being run and the more I read, the less I trust the Federal Reserve, the Treasury, the IMF, and banking in general. Your scared to keep money in the bank because of how easy the government can take it and you are also scared to buy gold because the government can take that also and the government can also take your land. So, what is safe besides getting a new government?
Hhigh-level explanation of how the worlds system of $ works. Guidance on positioning yourself for danger on the horizon.
Very good look at the mess we're in and the high probability of poor outcomes to come.