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N**G
12-7-2019 ONE OF THE BEST BOOKS ON THE FINANCIAL SITUATION IN U.S. TODAY
12-7-2019 I HAVE READ ALL OF JAMES RICKARDS BOOKS. THIS LAST ONE WHICH I HAVE JUST FINISHED READING, "AFTERMATH" IS THE BEST OF ALL. RICKARDS DOES AN EXCELLENT JOB OF EXPLAINING WHAT HAS HAPPENED, ESPECIALLY AS REGARDS TO THE CRASH OF 2008, AND WHAT IS HAPPENING IN THE ECONOMY TODAY, 12-2019, AND WHAT IS LIKELY TO HAPPEN ECONOMICALLY TO THE COUNTRY AND WORLD IN 2020 AND OVER THE NEXT FEW YEARS. THIS BOOK IS DEFINATELY NOT A "DOOM AND GLOOM" BOOK. IT IS A REALISTIC ASSESSMENT OF WHERE WE HAVE BEEN ECONOMICALLY AND WHERE WE ARE HEADED. I'M NOT SURE WHAT THE AVERAGE PERSON CAN DO TO PROTECT THEMSELVES FROM WHAT IS GOING TO HAPPEN. IF YOU ARE RICH I SUPPOSE YOU CAN BUY GOLD, TREASURY BONDS, ETC. BUT FOR THE AVERAGE NON-ELITE - THERE ISN'T MUCH YOU CAN DO TO PROTECT YOURSELF OTHER THAN GET OUT OF DEBT AND STAY OUT OF DEBT. IN THAT REGARD, FOR THE "LITTLE PEOPLE" DAVE RAMSEY OFFERS BETTER ADVICE THAN JAMES RICKARDS BOOK "AFTERMATH." BUT IT IS TRUE THAT "OPPORTUNITY FAVORS THE PREPARED." IN THIS REGARDS, AFTERMATH DOES A GREAT JOB IN GETTING YOU PREPARED FOR WHAT IS MOST CERTAINLY GOING TO HAPPEN TO THE COUNTRY'S ECONOMY. IT'S BETTER TO KNOW WHAT IS HAPPENING THAN TO PUT YOUR HEAD IN THE SAND. ONE THING FOR SURE, RICKARDS BOOK DEFINATELY SHOWS YOU HOW THE ELITE OF THIS COUNTRY, THE SUPER RICH AND THE POLITICAL CLASS DON'T GIVE A DAMM ABOUT THE ORDINARY WORKING MAN IN THIS COUNTRY, AND THAT THE GOVERNMENT AND POLITICAL SYSTEM IS A LIE AND RIGGED AGAINST THE COMMON PERSON; THAT TO VOTE IS A WASTE OF TIME, THAT THE "AMERICAN DREAM" IS A FRAUD THAT THE ELITE WANT YOU TO PERSUE BY GOING INTO A LIFE-TIME OF DEBT AND PEONAGE TO THE BANKERS OF THIS WORLD. 90% OF THE BOOK IS AN EYE OPENER ON HOW THE AMERICAN WORKING CLASS IS BEING SWINDLED BY THE ELITE, THE SUPER RICH, THE BANKERS AND THE GOVERNMENT. THE LAST FEW CHAPTERS DEAL WITH "WEALTH PRESERVATION" WHICH DOESN'T REALLY APPLY TO THE 99%. AT ANY RATE, YOU WILL NOT BE DISAPPOINTED IF YOU BUY THIS BOOK BECAUSE IT IS A REAL EDUCATION INTO THE REALITY OF WHAT IS REALLY HAPPENING ECONOMICALLY TO THE VAST MAJORITY OF PEOPLE IN THIS ONCE GREAT COUNTRY.
M**G
If you make investment decisions, read this!
This is Jim Rickards final - and probably the best - of his quartet series. It contains his assessment of current capital market concerns, and the resulting storm he suspects will unfold. I hope he’s wrong - but I think he’s probably right.In all of Rickards books you’ll find detailed explanations on complex financial matters. I particularly appreciate his insights on relative geopolitical elements - and he’s bluntly factual when assessing the financial impact of politics in our divided nation. Like David and the slingshot, Rickards doesn’t mind popping giants right between the eyes, regardless of their political party or elite world status.In this book I found it helpful to read the conclusion chapter first, getting a sense of where he might be going with the “Aftermath” theme. “Mandibles Redux” in that chapter was appreciated by this reader; Rickards is a better writer than Lionel Shriver, in my opinion.If I had not already digested the three earlier books, I wouldn’t have gotten the full value of this book. If you’ve not read them, I recommend you at least read his “Currency Wars” and “The Death of Money” before this one... please keep in mind the year each was written, tho. “The Case for Gold” is the other quartet book.Mr. Rickards’ investment advice in this book is general, cautious and intended to be beneficial to the reader - he seems to have written it in such a way as to ensure you will not over-react; its not “ alarmist.” Rickards wisely points the reader in a clear, helpful direction, encouraging you to make a few simple changes so the storm doesn’t hurt you as badly as it potentially could. He wants the reader to understand the forces in play right now that could crumble capital markets. Knowledge is power.
K**N
Fast, well packaged
It’s a book
R**N
No One Knows When
I found the book interesting and easy to read. It gives some interesting details about geopolitical economics, such as identifying the evidence that China is running a Ponzi Scheme. Of course, the Fed is running a Ponzi as well, but China is more secretive about it. How the clash between two Ponzis will someday turn out, no one can predict.The theme of this book is to be prepared for numerous alternate economic eventualities, without being too specific about which will materialize. As for predictions, it is relatively easy to make certain economic predictions; the hard part is identifying WHEN such events will occur. The book does not do much predicting of WHEN, which is to its credit.What I disliked the most was the book's overuse of metaphors.
J**S
Another Hit, About A Decline
Another great read from Rickards. I wish our leaders were reading stuff like this.
V**Y
Reason In a World Consumed By Euphoria
In 2019 we are in the depths of the longest economic expansion in US history, stocks are at all time highs, investors are funneling money into the market as if positive returns are a sure thing. It should be no secret that investors have been consumed by euphoria and the Fed is on standby ready to feed the fire. Despite the current economic expansion being the longest in history, it has been an expansion of disappointing growth and a loss of prosperity for the average American.In this book, Rickard's shines a light on the structural issues facing the US economy, and he does so in an eloquent, easy to read fashion. I have been an avid reader of Rickard's work since the release of his first book, and I'm quite pleased to add Aftermath to my bookshelf.
S**G
Another must-read
Jim has never failed me. I love his wisdoms and am looking forward to his next book. It took me some times to finishing this but that doesn’t mean this book is not important. In contrary, this book is important and provides many sign posts for things to come and we need to know to be prepared and nimble. Great book and highly recommended from me
A**M
Coronavirus
OMG....read this at the height of the 2020 pandemic. Even though the author doesn't mention a virus, he speculates (in 2018) on a 2020 Black Swan event with the world financial situation as it is, and it's consequences. I am am genuinely fearful of what may come to pass in the next few years. #OwnSomeGold.
I**R
In Experts We Trust
I found this in my Kindle library, presumably bought on recommendation from a forgotten source. Being mildly financially illiterate this is at times pretty heavy going with necessary explanations of theoretical economic ideas. However this is balanced with clear illustrations of why the proposed outcome has a solid basis in facts which are glossed over by the mainstream.
I**D
Not as readable as his previous books
Felt a little repetitive and formulaic. Didn't cover a whole lot of new ground and I actually found it hard to get through. Some valuable insights though.
E**K
Waste of time as 99% of it is noise
I bought this book after seeing James Rickards on Youtube, however, the majority of the book is just a load of noise with very few points made. For example he mentions a meeting that he attends, but instead of informing about this meeting he describes in detail the hotel in which the meeting was help, as I said most of this is noise.This is probably the worst book I have picked up in many years and can't recommend.
D**T
Insightful and Entertaining View of International Economics
Mr. Rickards does it again. He takes the reader on a colourful illustrated journey through the interconnected web of International economics, gently pointing out the alligator pits as he goes. Superbly referenced, sardonic, pragmatic. Whilst he cannot cover every aspect, every theory, he does a great job of opening eyes to risk and opportunity.
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