JAMES RICKARDS - THE ROAD TO RUIN

James Rickards is an American lawyer and a regular commentator on finance. He is the author of The New York Times bestseller Currency Wars: The Making of the Next Global Crisis, published in 2011, The Death of Money: The Coming Collapse of the International Monetary System, published in 2014, and The New Case for Gold, published in 2016.  WATCH THE FREE FULL EPISODE: https://londonreal.tv/james-rickards-the-road-to-ruin/ Chapters: 00:00 Trailer. 02:20 Brian’s thoughts on the episode. 05:28 Brian’s Introduction. 06:01 Emergence of Long Term Capital Management (LTCM), the hottest thing out there. 08:37 Insider account of when it all went wrong. 09:30 Myron Scholes, Fischer Black and Robert Merton. 11:17 Notional derivative swaps, a monster completely out of control. 13:02 Who is going to bail out the central banks in the next financial crisis, hypothetically in 2018? 18:53 Magnitude of financial consequences in1998 and 2008 financial crises. 26:59 Social unrest in financial crises. 30:39 How James forecasts terrorism attack, election results and next apocalyptical financial crisis. 41:34 “The Global Elites’ Secret Plan for the Next Financial Crisis.” 49:00 Break up big banks: get rid of derivatives: re-instate Glass-Steagall. 56:24 What we can do to save our families. 1:01:17 Where Trump election forecasts went wrong and the financial prospect for Trump’s policies. 1:08:05 Where James Rickards puts his money. 1:11:40 What James has learnt about an emotional, physical and financial setback. 1:16:51 How James writes and produces consistently great books. 1:20:35 Phone call to the 20 year old James Rickards 1:22:41 Best advice ever received. 1:24:01 Brian’s summing up. FULL SHOW NOTES: https://londonreal.tv/james-rickards-the-road-to-ruin/