Is a global economic collapse on our doorstep and, if so, how will it play out?

I have been writing about the emergence of an impending economic collapse for some time, and nothing has occurred to dissuade me from that view.

Perhaps the best and most credible book on this is the recently released book by Jim Rickards called The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis.

I’m currently reading this and I find Rickards a colourful, expressive and cogent advocate for what is unfolding.

And Rickards has the credentials:

Rickards graduated from Lower Cape May Regional High School in Cape May, New Jersey, in 1969.[1] He graduated from The Johns Hopkins University in 1973 with a B.A. degree with honors and in 1974, from the Paul H. Nitze School of Advanced International Studies in Washington, D.C. with an M.A.[2] in international economics. He received his Juris Doctor from the University of Pennsylvania Law School and an LL.M in taxation from New York University School of Law.[3]

As general counsel for the hedge fund Long-Term Capital Management (LTCM),[4][5] he was the principal negotiator in the 1998 bailout of LTCM[6] by the Federal Reserve Bank of New York.

Rickards worked on Wall Street for 35 years.[7] Rickards was the senior managing director for market intelligence at Omnis, Inc.,[6] a consulting firm.[3] On March 24, 2009, Rickards presented his view at a symposium at Johns Hopkins, that the U.S. dollar was facing imminent hyperinflation and was vulnerable to attack from foreign governments through the accumulation of gold and the establishment of a new global currency.[8]

On September 10, 2009, Rickards testified before the U.S. House of Representatives about the risks of financial modeling, VaR, and the 2008 financial crisis.[9]

End of quote.

He was also at the table when the resolution to the 2008 GFC was negotiated.

And to quote Rickards: For a decade at the start of my career, I was international tax counsel to Citibank, then the world’s most powerful private bank.

End of quote.

Few have the credentials, the intellect, the pragmatism, the compassion and the theoretical understanding of markets this man has.

And Rickards says, without question, a serious global financial and economic disruption is coming. I thoroughly recommend his book, so you understand what’s going on and why, and plan now to protect yourself because when it happens, it’s too late. This recent interview with Richie Allen is a great place to start to come to grips with Rickards and his counsel.

In this recent interview released two days ago, Brandon Smith expresses a very similar view, though Smith has a much broader social view of the drivers and consequences and I agree with pretty much everything he says.

This is not just about money, it’s about your very survival and it’s about an attempt by the global elite to take far greater control over the lives and the survival prospects of most of us, and the more that are awake to this fact, the better chance we have of defeating them.

If you agree, spread this far and wide. Let’s wake up the world before it’s too late.

Richard

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