money
James Rickards, financier and author of the excellent cautionary best-seller Currency Wars, has recently released a follow-on book: The Death of Money: The Coming Collapse of the International Monetary System. In it, Jim details how history provides plenty of precedent for the collapse that has begun amidst the major world currencies.
The historical progression is predictable enough that Jim is comfortable claiming that the next economic crisis we face will be bigger than the ability of the Federal Reserve (and the other world central banks) to contain it. And that such a calamity will happen within the next five years:
Jim Rickards: The Coming Crisis is Bigger Than The Fed
by Chris MartensonJames Rickards, financier and author of the excellent cautionary best-seller Currency Wars, has recently released a follow-on book: The Death of Money: The Coming Collapse of the International Monetary System. In it, Jim details how history provides plenty of precedent for the collapse that has begun amidst the major world currencies.
The historical progression is predictable enough that Jim is comfortable claiming that the next economic crisis we face will be bigger than the ability of the Federal Reserve (and the other world central banks) to contain it. And that such a calamity will happen within the next five years:
The Federal Reserve and other central planners have worked overtime to lead the world back to "recovery" from the depths of the 2008 financial crisis. Using one of their main signaling indicators, they've succeeded: stock market indices are hovering near all-time highs.
But, as has been often discussed here, are we really better off for it?
Recent survey data from Bloomberg show that 4 out of 5 Americans don't feel any more financially secure as a result of the stock market rescue. 62% believe the country is headed in the wrong direction:
Michael Shuman: The Benefits of Deploying Investment Capital Locally Vs Wall Street
by Chris MartensonThe Federal Reserve and other central planners have worked overtime to lead the world back to "recovery" from the depths of the 2008 financial crisis. Using one of their main signaling indicators, they've succeeded: stock market indices are hovering near all-time highs.
But, as has been often discussed here, are we really better off for it?
Recent survey data from Bloomberg show that 4 out of 5 Americans don't feel any more financially secure as a result of the stock market rescue. 62% believe the country is headed in the wrong direction:
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