“The next financial collapse will resemble nothing in history . . Choosing the best training course to follow will demand comprehending a minefield of dangers, 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 accompanied by an interval of tumult: war, civil unrest, or significant damage to the balance from the global economy. Now Wayne Rickards, the about The Death of Cash: The Arriving Collapse from the International Monetary Program acclaimed author of Money Wars, displays why another collapse is definitely quickly approaching-and why this time, nothing less than the organization of cash itself is at risk.

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

Optimists have always said, essentially, that there’s nothing to be concerned about-that self-confidence in the dollar will never truly end up being shaken, regardless of how high our national personal debt or how dysfunctional our authorities. But in the last few years, the risks have become too large to disregard. While Washington is usually gridlocked and unable to make progress on our long-term problems, our biggest financial competitors-China, Russia, as well as the oilproducing countries of the Middle East-are doing everything possible to end U.S. monetary hegemony. The outcomes: Financial warfare. Deflation. Hyperinflation. Marketplace collapse. Chaos.

Rickards offers a bracing evaluation of the and other threats to the dollar. The fundamental problem is that money and wealth have grown to be increasingly more detached. Cash is normally transitory and ephemeral, and it could soon become worthless if central bankers and politicians keep on their current path. But true prosperity is long lasting and tangible, and they have real value world-wide.

The author 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 governments, 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 well for decades could 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 prosperity: gold, property, fine art, and other long-term stores of value. As he writes: “The arriving collapse of the dollar as well as the worldwide monetary system is definitely entirely foreseeable. . . . Just nations and people who make provision today will survive the maelstrom to come.”