The Road to Ruin: What the Global Elites Don't Want You to Know About Their Secret Plan for the Next Financial Crisis
The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis
Are you ready for the next financial crisis? Do you know what the global elites are planning to do when it hits? If not, you might want to read this book by James Rickards, a bestselling author and expert on finance, economics, and geopolitics. In The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis, Rickards reveals how the global elites are preparing for a massive meltdown of the financial system, and how they intend to lock down the markets and assets of ordinary investors. This book is not only a warning, but also a guide on how to survive and thrive in the coming chaos.
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Introduction
James Rickards is no stranger to financial crises. He has been involved in some of the most critical events in modern history, such as the 1998 collapse of Long-Term Capital Management, the 2001 terrorist attacks, and the 2008 global financial crisis. He has also advised governments, central banks, hedge funds, and intelligence agencies on financial warfare, currency wars, cyber security, and geopolitics. He has written several books on these topics, such as The Death of Money and Currency Wars.
In his latest book, The Road to Ruin, Rickards exposes how the global elites are secretly preparing for a new financial crisis that will dwarf all previous ones. He argues that this crisis is inevitable, because the global economy has been artificially propped up by central banks and governments since 2008, creating massive bubbles and imbalances that will eventually burst. He also claims that 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.
This book is relevant and important for investors, because it shows how their wealth and assets are at risk of being frozen or confiscated by governments and international agencies in a lockdown scenario. It also offers alternative strategies and solutions on how to prepare for the next crisis and protect their wealth from being wiped out. Rickards draws on his extensive knowledge and experience in finance, economics, geopolitics, history, psychology, and complex systems to make his case.
The Coming Financial Meltdown
Rickards begins his book by explaining how the global economy has been artificially propped up by central banks and governments since 2008. He shows how they have used various tools and policies to stimulate growth, such as quantitative easing, zero interest rates, bailouts, stimulus packages, and currency wars. He argues that these measures have not solved the underlying problems of the 2008 crisis, but only postponed them and made them worse. He warns that these measures have created massive bubbles and imbalances in the global financial system, such as excessive debt, leverage, derivatives, shadow banking, and asset inflation.
Rickards predicts that the next crisis will be bigger and more devastating than the previous ones, because the global financial system is more interconnected and fragile than ever. He cites several potential triggers for the next crisis, such as a debt default by a major country, a geopolitical conflict, a cyber attack, a natural disaster, or a pandemic. He also points out that the central banks and governments have exhausted their ability to respond to a crisis, because they have already used up their ammunition and credibility. He warns that the next crisis will be beyond their control and will result in a systemic collapse of the global financial system.
The Global Elites' Lockdown Strategy
Rickards then reveals how governments and international agencies are secretly preparing for a lockdown of the financial system in the event of a crisis. He explains what a lockdown is and how it will affect investors and ordinary citizens. He defines a lockdown as a situation where governments and international agencies close banks, shut down exchanges, freeze accounts, confiscate assets, impose capital controls, ban cash, and order asset managers not to sell. He claims that these measures are intended to prevent a panic and a run on the banks, but also to protect the interests and power of the global elites.
Rickards provides evidence and examples of how governments and international agencies have already put in place legal provisions and mechanisms that enable them to implement a lockdown. He cites several laws and regulations that give them the authority to do so, such as the Dodd-Frank Act in the US, the Bank Recovery and Resolution Directive in the EU, the Financial Stability Board's Key Attributes of Effective Resolution Regimes for Financial Institutions, and the International Monetary Fund's Articles of Agreement. He also shows how they have conducted simulations and exercises to test their readiness for a lockdown, such as the G20's Brisbane Summit in 2014, the Federal Reserve's Zoltan Pozsar paper in 2015, and the Bank of England's War Games in 2016.
The Global Elites' Preparations and Motivations
Rickards then exposes how the global elites are hoarding cash and hard assets to protect themselves from the crisis and the lockdown. He defines the global elites as a small group of powerful individuals who control most of the wealth, resources, institutions, and policies in the world. He includes among them central bankers, finance ministers, heads of state, billionaires, hedge fund managers, corporate executives, academics, media moguls, and international bureaucrats. He argues that they have access to insider information and influence that give them an edge over ordinary investors.
Rickards provides evidence and examples of how the global elites are hoarding cash and hard assets such as gold, land, art, diamonds, antiques, and fine wine. He cites several sources and reports that show how they are accumulating these assets in large quantities and storing them in safe locations. He also shows how they are using their influence and power to shape the global agenda and policies that favor their interests and goals. He argues that they are exploiting the crisis to advance their agenda of creating a new world order based on a global currency, a global tax system, a global regulatory regime, and a global governance structure.
How to Survive and Thrive in the Road to Ruin
Rickards concludes his book by offering alternative strategies and solutions on how investors can prepare for the next financial crisis and protect their wealth from being frozen or confiscated by governments and international agencies in a lockdown scenario. He advises investors to diversify their portfolio into different asset classes that can offer safety and returns in a crisis situation. He recommends investing in physical gold and silver, cash (in small bills), land (especially farmland), fine art (especially impressionist paintings), natural resources (especially water), cryptocurrencies (especially bitcoin), and alternative currencies (especially special drawing rights).
Rickards also suggests investing in some assets that can offer opportunities and risks in a crisis situation. He mentions investing in emerging markets (especially China), frontier markets (especially Africa), distressed debt (especially corporate bonds), private equity (especially venture capital), hedge funds (especially macro funds), commodities (especially oil), biotechnology (especially gene editing), nanotechnology (especially molecular manufacturing), artificial intelligence (especially deep learning), robotics (especially self-driving cars), blockchain (especially smart contracts), 3D printing (especially additive manufacturing), space exploration (especially asteroid mining), renewable energy (especially solar power), cyber security (especially encryption), and social media (especially peer-to-peer platforms). I have already written the article based on the outline. Here is the rest of the article: ```html Rickards also warns investors to avoid some assets that can be vulnerable and dangerous in a crisis situation. He advises avoiding investing in stocks (especially index funds), bonds (especially government bonds), bank deposits (especially uninsured deposits), money market funds (especially prime funds), derivatives (especially swaps), real estate (especially commercial property), fiat currencies (especially the US dollar), and digital assets (especially those that rely on centralized platforms).
Conclusion
In summary, The Road to Ruin is a book that reveals how the global elites are secretly preparing for a new financial crisis that will be bigger and more devastating than the previous ones, and how they intend to lock down the financial system and assets of ordinary investors when it hits. It also offers alternative strategies and solutions on how to prepare for the next crisis and protect your wealth from being frozen or confiscated by governments and international agencies in a lockdown scenario. This book is not only a warning, but also a guide on how to survive and thrive in the coming chaos.
FAQs
Who is James Rickards?
James Rickards is a bestselling author and expert on finance, economics, and geopolitics. He has been involved in some of the most critical events in modern history, such as the 1998 collapse of Long-Term Capital Management, the 2001 terrorist attacks, and the 2008 global financial crisis. He has also advised governments, central banks, hedge funds, and intelligence agencies on financial warfare, currency wars, cyber security, and geopolitics.
What is the main argument of The Road to Ruin?
The main argument of The Road to Ruin is that the global elites are secretly preparing for a new financial crisis that will be bigger and more devastating than the previous ones, and that they intend to lock down the financial system and assets of ordinary investors when it hits.
What is a lockdown?
A lockdown is a situation where governments and international agencies close banks, shut down exchanges, freeze accounts, confiscate assets, impose capital controls, ban cash, and order asset managers not to sell.
How can investors prepare for the next financial crisis?
Investors can prepare for the next financial crisis by diversifying their portfolio into different asset classes that can offer safety and returns in a crisis situation. Some of these asset classes are physical gold and silver, cash (in small bills), land (especially farmland), fine art (especially impressionist paintings), natural resources (especially water), cryptocurrencies (especially bitcoin), and alternative currencies (especially special drawing rights).
What are some of the opportunities and risks that arise from the crisis?
Some of the opportunities and risks that arise from the crisis are investing in emerging markets (especially China), frontier markets (especially Africa), distressed debt (especially corporate bonds), private equity (especially venture capital), hedge funds (especially macro funds), commodities (especially oil), biotechnology (especially gene editing), nanotechnology (especially molecular manufacturing), artificial intelligence (especially deep learning), robotics (especially self-driving cars), blockchain (especially smart contracts), 3D printing (especially additive manufacturing), space exploration (especially asteroid mining), renewable energy (especially solar power), cyber security (especially encryption), and social media (especially peer-to-peer platforms). 71b2f0854b