New book: "The Big Drop"

[syswizard]

“The Big Drop – How to grow your wealth during the coming collapse” by James Rickards


This guy is the real-deal….very interesting book with tons of facts and statistics.

He is “Austrian school” and believes the more government meddles in the economy, the worse it gets.

And it’s gonna get much, much worse.

A fascinating read.


Warning: His book is a “pitch” for his “Strategic Intelligence” newsletter subscription, so be forewarned.

 

[clacy]

He's the real deal?

Hasn't he been calling for a dollar collapse for a decade now?

 

[Autodidact]

These book writers suck at investment, let along trading

 

[white_goodman]

ask an Austrian where inflation is or about endogenous money and let the lulz ensue

 

[Zestilio]

The strength of his book is the clear and accurate description of our current economic state and how we got there. What result it may lead to and his financial recommendations to survive it will be proven correct or not by history, but they are designed to confer flexibility no matter what happens. They should be given a serious look by anyone who has wealth to protect in uncertain times.

 

[Money Trust]

These Austrian economists should become comedians.

 

[Albert A. Sanchez]

The strength of his book is the clear and accurate description of our current economic state and how we got there. What result it may lead to and his financial recommendations to survive it will be proven correct or not by history, but they are designed to confer flexibility no matter what happens. They should be given a serious look by anyone who has wealth to protect in uncertain times.

"believes the more government meddles in the economy, the worse it gets" That is not always true. For example China is far from a democracy, but the level of approval of its government from the population might be higher than in many western democracies - and the chinese government efficiency would put most of its westerns cousins to shame.

 

[syswizard]

and the chinese government efficiency would put most of its westerns cousins to shame.

That's only because the cousins have all succumed to socialism.

 

[Zestilio]

"believes the more government meddles in the economy, the worse it gets" That is not always true. For example China is far from a democracy, but the level of approval of its government from the population might be higher than in many western democracies - and the chinese government efficiency would put most of its westerns cousins to shame.

Wow, what is the level of approvement of the government? Let's make it clear. Uneducated masses (as they are) are easy to manipulate. How can you support anyone else while there's one ruling party and a repression machine? That is one point. The second one is about Chinese gov efficiency. What model is used there is a model of extensive growth. Once the resources lacking (in China case it's not too soon), the collapse and need for modernization is inevitable. That is a matter of time.

 

[syswizard]

It'll be interesting to see what happens to other economies when China collapses......