Of course, he knows how to stop or change it, but nobody is listening to him. So he does give you some tips on how to protect yourself as much as possible.

Droga do ruiny. Tajny plan globalnego kryzysu.. - Bonito

nice explanations of the incentives and operation processes of financial institutions, banks, and governmental finance departmentsThe book provide interesting facts which we don’t see in the massive media avalanche around us everyday, the author collected pieces and evidences for next coming financial collapse which will let to what he called an “ice-nine” scenario in which the so called “elite” will freeze the entire financial system worldwide and proceed on extreme inflation to cleanup sovereign debts around the world. I’d finished a run of library hardcovers about pandemics, plagues, zoonotic diseases, and other present and future civilization altering contagion. So I suppose I was ready to dive into the probability of a major worldwide financial collapse. And The Road to Ruin didn’t disappoint. The "ice 9 doctrine" is worth understanding. If he's right, you'll need to hedge yourself to not become a casualty. has some controversial position on classical economics, seems persuasive for a few moments but at times his arguments felt fishy and slippery, unlike some of the classical ones he was opposing.

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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. Complexity does not increase in a linear manner. If the size of the systems doubles then the number of interactions quadruples etc. This book is the economic theory book I've been looking for all my post-Keens life (misspelling intentional). I was so excited to see Bayes' theorem show up in there, too. Interesting critics to famous economics schools classical, Austrian, Keynesian and monetarist then Historical with good material regarding gold importance to hold in individual wealth as a protection against inflation and collapse. He gave following time frame for next crash:

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He tries to portray the human face of inequality and injustice today in America. Showing a remarkable contrast to the indifference of the ruling class. It's hard to use a brief vignette to convincingly deal with such a deeply emotional issue. The forth part is about the evolution of capitalism to ultimate socialism, and the state having too much power and ultimately turning to fascism. El libro proporciona hechos interesantes que no vemos en la avalancha de medios masivos que nos rodea todos los días, el autor recogió piezas y evidencias para el próximo colapso financiero próximo que permitirá lo que llamó un escenario de "nueve y nueve" en el que el llamado "Élite" congelará todo el sistema financiero en todo el mundo y procederá a la inflación extrema para limpiar deudas soberanas en todo el mundo. There is an increasing desire from the elites to control society and the economy; think central bankers, G7 coordinated approaches etc. The third part is about the problem of free trade which has decimated the American middle class. He suggests that tariffs of 30% be slapped on all imports, all corporate tax scrapped, and minimum wage be raised. He argues that this will benefit America, and will stop mercantilist countries from profiting from their currency war.

The Road to Ruin by James Rickards: 9781591848080 The Road to Ruin by James Rickards: 9781591848080

I found essential his explanation of Bayes and complexity theories to forecast financial crisis, SDR as the new IMF money, which may replace all currencies after collapse.

He is firmly in the Doom camp - Gold will save everything - I'm smarter than econ greats - Fiat money will result in the end of the world (maybe be so, but the end of the world happened with gold and other monetary standards in the past too) you get the picture. Ends up raising more questions and eyebrows than answers. But that is the idea isn’t it, to spread awareness of the global systemic risks and the indifference of the people in power towards the same.

Droga do ruiny. Tajny plan globalnego kryzysu finansowego Droga do ruiny. Tajny plan globalnego kryzysu finansowego

It makes more sense reading this than my bachelor’s degree in engineering and I am not even kidding. Wyrażenie zgody jest dobrowolne. Wycofanie zgody nie zabrania serwisowi Ceneo.pl przetwarzania dotychczas zebranych danych. He kind of puts himself in the same boat as you/us way down on the 'rich pole', but then also tells you how he interacts with his rich friends or powerful leaders. I'm not begrudging him that. It's just kind of comical and a little awkward when he throws in where they are dining and on what, as if he is just a regular, social guy in the midst of this very serious situation. We cannot tell what the trigger will be. Famously it could be a butterfly flapping its wings but as a system collapse gains momentum there will be no way to stop it. There are a lot of technical, economic, financial terms that are a little confusing, but really he is just saying that there is basically nothing new under the sun, only known by different names. Just variations of intensity, breadth, and depth. Of which this will be monumental because of the complexity theory to which he has put a mathematical formula, and nothing like the world has ever experienced. That to every thing there is a season. Which is to say, everything is cyclical. It is borne of necessity, grows, expands, then outlives its purpose or usefulness, or self-implodes, and dies, only to be reborn again in a same but different way. Hopefully better. But it's going to take a loooong time for that to cycle through to the rebirth part.I'll probably forget most of the details, but the book really added to my grand understanding of how the economy functions.