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Editorial ReviewsA drumbeat is sounding among the global elites. The signs of a coming financial crisis, one exponentially bigger than the last, are unmistakable. This time, the elites have an audacious plan to protect themselves from the fallout: hoarding cash now and locking down the global financial system when a crisis hits.
Deep in the U.S. legal code, our government is granted emergency economic powers. Stock exchanges can be closed, ATMs shut down, money market funds frozen, asset managers instructed not to sell securities, negative interest rates imposed, and cash denied. In fact, FDR took equally drastic action in 1933 by closing banks and confiscating gold.
The global elites know that a crisis of even greater proportions is coming and that collaboration is the only way to survive. Since 2014, international monetary agencies have been issuing warnings to a small group of finance ministers, sovereign wealth funds, banks, and private equity funds in technical jargon that the average investor can’t understand. But the message is simple: the supposed incredible comeback of the last eight years is artificial. Our government’s cowardly choices not to prosecute J.P. Morgan and its ilk, and to bloat the economy with a $4 trillion injection of easy credit, are driving us headlong toward a cliff.
In preparation, the global elites have been noiselessly hoarding cash and hard assets over the past two years. Even now, legally unorthodox regulations are sliding quietly into place that allow regulatory agencies to freeze all assets with a few keystrokes in a self-proclaimed emergency.
New York Times bestselling author James Rickards sounded the alarm on currency manipulation in Currency Wars and correctly predicted that the Federal Reserve would not raise interest rates for years in The Death of Money. In The New Case for Gold he predicted the rise of negative interest rates. Now, as he shows in this frightening, meticulously researched book, governments around the world have no compunction about conspiring against their citizens. As he writes, “Your money may be like a jewel in a glass case at Cartier; you can see it but not touch it.”
Hardcover: 352 pages
Publisher: Portfolio (November 15, 2016)
Product Dimensions: 6.2 x 1.2 x 9.3 inches
The Road to Ruin: The Global Elites' Secret Plan For The Next Financial Crisis PDF