The Death Money: The Coming Collapse of the International Monetary System (Int’Edit.) Audiobook (Free)

“The next monetary collapse will resemble nothing at all in history . . Deciding upon the best training course to follow will demand comprehending a minefield of risks, while poised at a crossroads, pondering the loss of life of the buck.”

The international monetary system has collapsed 3 x before century, in 1914, 1939, and 1971. Each collapse was followed by an interval of tumult: war, civil unrest, or significant harm to the stability from the global overall economy. Now James Rickards, the about The Death Money: The Coming Collapse of the International Monetary Program (Int’Edit.) acclaimed author of Money Wars, shows why another collapse can be quickly approaching-and why this time, nothing significantly less than the organization of money itself is at risk.

The American dollar has been the global reserve currency since the end of the Second World War. If the money fails, the entire international monetary program will fail with it. No other currency has the deep, water pools of assets needed to get the job done.

Optimists have got always said, in essence, that there’s nothing to worry about-that self-confidence in the buck won’t truly be shaken, regardless of how large our national debt or how dysfunctional our authorities. But in the previous few years, the potential risks have become too big to ignore. While Washington is usually gridlocked and struggling to make improvement on our long-term problems, our biggest economic competitors-China, Russia, as well as the oilproducing nations of the center East-are performing everything possible to end U.S. financial hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos.

Rickards presents a bracing evaluation of these and other risks to the buck. The fundamental issue is that cash and wealth have grown to be more and more detached. Money is transitory and ephemeral, and it may soon be worthless if central bankers and politicians keep on their current path. But true wealth is long lasting and tangible, and it has real value world-wide.

The author shows how everyday citizens who save and invest have become guinea pigs in the central bankers’ laboratory. The world’s major financial players-national government authorities, big banks, multilateral institutions-will constantly muddle through by patching collectively new rules from the

game. The true victims of the next crisis will become small traders who assumed that what worked for decades will keep working.

Fortunately, it isn’t too late to prepare for the coming death of money. Rickards explains the power of converting unreliable cash into real wealth: gold, property, fine art, and additional long-term shops of value. As he writes: “The coming collapse of the dollar and the worldwide monetary system is entirely foreseeable. . . . Only nations and individuals who make provision today will survive the maelstrom to arrive.”