The next financial collapse will resemble nothing in history. . . .
Deciding upon the best course to follow will require comprehending a
minefield of risks, while poised at a crossroads, pondering the death of
the dollar.
The U.S. dollar has been the global reserve currency since the end of
World War II. If the dollar fails, the entire international monetary
system will fail with it. But optimists have always said, in essence,
that confidence in the dollar will never truly be shaken, no matter how
high our national debt or how dysfunctional our government.
In the last few years, however, the risks have become too big to ignore.
While Washington is gridlocked, our biggest rivals--China, Russia, and
the oil-producing nations of the Middle East--are doing everything
possible to end U.S. monetary hegemony. The potential results: Financial
warfare. Deflation. Hyperinflation. Market collapse. Chaos.
James Rickards, the acclaimed author of Currency Wars, shows why money
itself is now at risk and what we can all do to protect ourselves. He
explains the power of converting unreliable investments into real
wealth: gold, land, fine art, and other long-term stores of value.