Quote

"For like a shaft, clear and cold, the thought pierced him that in the end the Shadow was only a small and passing thing: there was light and high beauty for ever beyond its reach." -- J.R.R. Tolkien

Wednesday, October 14, 2015

Rickards: Death of Money

The book "The Death of Money" details the currency crisis in both a straight-forward and in-depth fashion, and details exactly why the world's financial system is unstable, how we got to this point, and some possible solutions on avoiding complete collapse.  Sadly, we the people don't get a say on the financial future of our world, since the entire system is run by academic clowns whose heads are buried so far in theoretical models that they cannot see reality when it bites them in the derrière.

And even worse, our butts are on the line to be bitten by their incompetence.  Although, the central banks are in between a rock and a hard place courtesy of the fiscal policy of our government.  Ultimately, we either need to get our fiscal house in order, pray for a technological revolution, or collapse financially.  Barring major changes though, the United States is finished, both as a serious world power and as a stable social structure, and I can guarantee you that China is poised to pounce when we do ourselves in.

The Death of Money
by Jim Rickards

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