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.
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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/