Droga do ruiny Tajny plan globalnego kryzysu finansowego

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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 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. The first part talks about the new power of governments across the world to freeze money flow post-2008. Digital assets can be easily frozen or confiscated, as many sanctioned governments had found out. This only physical gold bars or works of Art, and land ownership certificates are worthy to keep. Ends up raising more questions and eyebrows than answers. But that is the idea isn’t it, to spread awareness of the global systemic risks and the indifference of the people in power towards the same.

Książka Droga do ruiny Tajny plan globalnego kryzysu

He is firmly in the Doom camp - Gold will save everything - I'm smarter than econ greats - Fiat money will result in the end of the world (maybe be so, but the end of the world happened with gold and other monetary standards in the past too) you get the picture.I found essential his explanation of Bayes and complexity theories to forecast financial crisis, SDR as the new IMF money, which may replace all currencies after collapse. A financial crisis is certainly coming. In “The Road to Ruin,” I use 2018 as a target date and device because the two prior systemic crises, 1998 and 2008, were 10 years apart. I extended the timeline 10 years into the future from the 2008 crisis to maintain the 10-year tempo, and this is how I arrived at 2018. Yet I make the point in the book that the exact date is unimportant. What is most important is that the crisis is coming and the time to prepare is now. It could happen in 2018, 2019, or it could happen tomorrow. The conditions for collapse are all in place." In the world economical and financial system, there is always a rise and fall. And the fall is always the hardest. The forth part is about the evolution of capitalism to ultimate socialism, and the state having too much power and ultimately turning to fascism.

Droga do ruiny. Tajny plan globalnego kryzysu finansowego Droga do ruiny. Tajny plan globalnego kryzysu finansowego

I’d finished a run of library hardcovers about pandemics, plagues, zoonotic diseases, and other present and future civilization altering contagion. So I suppose I was ready to dive into the probability of a major worldwide financial collapse. And The Road to Ruin didn’t disappoint. 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.has some controversial position on classical economics, seems persuasive for a few moments but at times his arguments felt fishy and slippery, unlike some of the classical ones he was opposing. There are a lot of technical, economic, financial terms that are a little confusing, but really he is just saying that there is basically nothing new under the sun, only known by different names. Just variations of intensity, breadth, and depth. Of which this will be monumental because of the complexity theory to which he has put a mathematical formula, and nothing like the world has ever experienced. That to every thing there is a season. Which is to say, everything is cyclical. It is borne of necessity, grows, expands, then outlives its purpose or usefulness, or self-implodes, and dies, only to be reborn again in a same but different way. Hopefully better. But it's going to take a loooong time for that to cycle through to the rebirth part. He tries to portray the human face of inequality and injustice today in America. Showing a remarkable contrast to the indifference of the ruling class. It's hard to use a brief vignette to convincingly deal with such a deeply emotional issue. 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. Availability: 3-5 days - that means the item has been sent to us from our supplier in Poland and we will ship it within 3-5 working days

Droga do ruiny. Tajny plan globalnego kryzysu finansowego Droga do ruiny. Tajny plan globalnego kryzysu finansowego

So, basically our economic, WORLDWIDE, system is going down. There will be a LOT of chaos, and even bloodshed, and yes probably here in the U.S. too. Your money may be confiscated, but certainly ICE-9'd or frozen without warning! Things will evolve like an earthquake of dominoes and once ut starts this time cannot be stopped. We have come very close several times already to a complete collapse. This next time, it. wiil. be. lethal. and complete. There is an increasing desire from the elites to control society and the economy; think central bankers, G7 coordinated approaches etc. 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. 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.

Encontré esencial su explicación de Bayes y las teorías de la complejidad para pronosticar la crisis financiera, SDR como el nuevo dinero del FMI, que puede reemplazar a todas las monedas después del colapso. nice explanations of the incentives and operation processes of financial institutions, banks, and governmental finance departments I'll probably forget most of the details, but the book really added to my grand understanding of how the economy functions. 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. 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.