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

The international monetary system has collapsed 3 x before hundred years, in 1914, 1939, and 1971. Each collapse was accompanied by an interval of tumult: battle, civil unrest, or significant damage to the stability of the global overall economy. Now Wayne Rickards, the about The Death Money: The Arriving Collapse from the International Monetary System (Int’Edit.) acclaimed author of Currency Wars, displays why another collapse is normally rapidly approaching-and why this time around, nothing significantly less than the organization of money itself is at risk.

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

Optimists have always said, in essence, that there’s nothing at all to be concerned about-that self-confidence in the buck will never truly end up being shaken, no matter how great our national personal debt or how dysfunctional our authorities. But in the last 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 economic competitors-China, Russia, as well as the oilproducing nations of the Middle East-are carrying out everything possible to get rid of U.S. monetary hegemony. The results: Financial warfare. Deflation. Hyperinflation. Marketplace collapse. Chaos.

Rickards presents a bracing analysis of these and other threats to the money. The fundamental issue is that money and wealth have grown to be more and more detached. Money is transitory and ephemeral, and it may soon become worthless if central bankers and politicians keep on their current path. But true prosperity is long term and tangible, and they have real value worldwide.

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

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

Fortunately, it’s not too late to prepare for the coming death of cash. Rickards explains the energy of switching unreliable cash into real wealth: gold, property, artwork, and additional long-term stores of worth. As he writes: “The coming collapse from the dollar and the worldwide monetary system is usually entirely foreseeable. . . . Only nations and individuals who make provision today will survive the maelstrom to come.”