The Death of Money: The Coming Collapse of the International Monetary System Audiobook (Free)

“The next monetary collapse will resemble nothing at all in history . . Deciding upon the best course to follow will require comprehending a minefield of dangers, while poised at a crossroads, pondering the death of the money.”

The international monetary system has collapsed 3 x in the past hundred years, in 1914, 1939, and 1971. Each collapse was accompanied by an interval of tumult: battle, civil unrest, or significant damage to the balance of the global economy. Now Adam Rickards, the about The Death of Money: The Arriving Collapse of the International Monetary Program acclaimed writer of Currency Wars, shows why another collapse is usually rapidly approaching-and why this time around, nothing less than the institution of money itself is at risk.

The American dollar has been the global reserve currency since the end of the next World War. If the dollar fails, the complete international monetary program will fail with it. No additional currency has the deep, liquid pools of assets needed to do the job.

Optimists have always said, essentially, that there’s nothing to be concerned about-that confidence in the dollar will never truly end up being shaken, no matter how great our national debt or how dysfunctional our federal government. But in the previous few years, the potential risks have become too big to ignore. While Washington is usually gridlocked and unable to make improvement on our long-term problems, our biggest financial competitors-China, Russia, and the oilproducing nations of the center East-are doing everything possible to get rid of U.S. monetary hegemony. The results: Financial warfare. Deflation. Hyperinflation. Marketplace collapse. Chaos.

Rickards offers a bracing evaluation of these and other threats to the money. The fundamental problem is that money and wealth have become more and more detached. Money is definitely transitory and ephemeral, and it could soon end up being worthless if central bankers and politicians continue on their current path. But true prosperity is long lasting and tangible, and it has real value worldwide.

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

game. The real victims of another crisis will become small investors who assumed that what worked for decades will keep working.

Fortunately, it’s not too late to get ready for the coming death of cash. Rickards explains the energy of converting unreliable cash into real wealth: gold, land, artwork, and various other long-term stores of worth. As he writes: “The coming collapse of the dollar as well as the worldwide monetary system can be entirely foreseeable. . . . Only nations and individuals who make provision today will survive the maelstrom to come.”