Droga do ruiny Tajny plan globalnego kryzysu finansowego

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nice explanations of the incentives and operation processes of financial institutions, banks, and governmental finance departments Wyrażenie zgody jest dobrowolne. Wycofanie zgody nie zabrania serwisowi Ceneo.pl przetwarzania dotychczas zebranych danych. there's a lot of talk about complexity theory, which i think is mostly right both in essence and in nice examples, howeeeever it feels overdone and used too much in a religious ways instead of more complex reasonings/maybe data that he can't afford to release so he's trying to talk around the edges?

Droga do ruiny. Tajny plan globalnego kryzysu finansowego

Of course, he knows how to stop or change it, but nobody is listening to him. So he does give you some tips on how to protect yourself as much as possible. There are a few things that stood out. Being too big to fail is indeed possible, and G-SIFI is its name. World money (a global currency) is likely to appear at some point in the future, which makes me all the more bullish on Bitcoin. With that said, gold still has a place in everyone's portfolio. The chapter about LTCM's downfall really reminded me of Liar's poker and was interesting to read. He painted a good picture (no pun intended) about the importance of art in an individual's portfolio; very similar to land and gold when you look at it from a scarcity point of view. The Road to Ruin is quite simply a cutting-edge account of the current economic situation, and stands high on several strengths. We cannot tell what the trigger will be. Famously it could be a butterfly flapping its wings but as a system collapse gains momentum there will be no way to stop it. The basic criticism of modern financial analysis is largely valid. Failed theories can survive far too long. I don't think the author is unique in observing this but he does a good job of demonstrating several poignant cases.some interesting insights as to what seem likely actions in the next crisis, in particular in the freezing of assets department for purposes of extra taxation/confiscation based on ruling needs. Here too, though one might be tempted to dismiss the author as a conspiracy theorist one finds the same issues being treated in very serious circles (even public papers: IMF, FED, ECB, BIS and the politics around them including the media communication strategy to prepare the masses for these events), though of course on a different tone as rational solutions to guiding the masses into desired outcomes. I guess it's meant to be/is more of an introduction to a new reader, which i guess makes sense, though I still think it's not as solid an introduction. That being said I think the book is full of very interesting things, a lot of thinking and solid reasoning and some very useful and insightful perspective lenses for viewing these decades of history. Smart and well informed, the book has many very interesting insights. I agree with many of the conclusions. However, it also seems drama seeking, undisciplined, and not very well written. The author provides a cautionary example of a defective understanding of fascism. Academics invest in definitions precisely because a good definition can help your analysis focus correctly on the key element of a critical issue. An over-broad definition, in this case, stems from political discussions in America in the 30s. These discussions had not benefited from information and extensive analysis that would come later. The defective definition leads to seeing commonalities in too many places. The author claims that George Bush's "no child left behind" policy and Hilary Clinton's "it takes a village" politics are examples of fascism. I find it odd this made it to press. I feel it reflects deep ignorance or fundamental dishonesty. I'll probably forget most of the details, but the book really added to my grand understanding of how the economy functions.

Droga do ruiny. Tajny plan globalnego kryzysu.. - Goodreads

The third part is about the problem of free trade which has decimated the American middle class. He suggests that tariffs of 30% be slapped on all imports, all corporate tax scrapped, and minimum wage be raised. He argues that this will benefit America, and will stop mercantilist countries from profiting from their currency war. The global elites don’t want this book to exist. Their plan to herd us like sheep to the slaughter when a global crisis erupts—and, of course, to maintain their wealth—works only if we remain complacent and unaware. Thanks to The Road to Ruin, we don’t need to be. Interesting critics to famous economics schools classical, Austrian, Keynesian and monetarist then Historical with good material regarding gold importance to hold in individual wealth as a protection against inflation and collapse. He gave following time frame for next crash: In the world economical and financial system, there is always a rise and fall. And the fall is always the hardest. The term "Ice Nine" comes from science fiction here it seemed overused. Sometimes applied to guaranteed instruments, and sometimes to equities. Generally reflecting market contagion, peppered with conspiracy theory. Bank failures in Iceland and Cyprus were portrayed as terrible injustices perpetrated by governments. There may be a case to be made, but the government didn't take the money. There were several cases like this where the drama seemed to be overdone. With the amount of debt that is likely to go sour in the future, I felt the hyperbole did the case a disservice because I expect the truth of future write-downs to be very painful.The book provide interesting facts which we don’t see in the massive media avalanche around us everyday, the author collected pieces and evidences for next coming financial collapse which will let to what he called an “ice-nine” scenario in which the so called “elite” will freeze the entire financial system worldwide and proceed on extreme inflation to cleanup sovereign debts around the world.