james rickards/the death of money

By Anonymous Questions, April 3, 2015

what do you think of rickards book and his recommendations?

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Patricia
Member
πŸ‘689

Are you asking anyone, or Travis in particular? I like Rickards, have read his books, subscribe to his newsletter, and watch him whenever he turns up for interviews or debates. I find very little to disagree with, except the book title “The Death of Money” which is both ominous and impossible. There will always be money, only its form will change as it always has. The book is actually about the U.S. dollar eventually ceasing to be the world’s reserve currency, which is certainly not the death of money.

hendrixnuzzles
Member
πŸ‘9951

I like most of the recommendations but I cannot invest in fine art or farmland.
But I have followed or implemented most of his other ideas on assets…namely, hard ones
with a smattering of ultra high quality stocks.

SoGiAm
Member
πŸ‘11363

Weath’s Daily’s take on China, Global currencies. Depression/Recession etc. Free weekly subscription at: http://www.wealthdaily.com/ It’s going to pop By Geoffrey Pike | Friday, April 3rd, 2015 China has come a long way for a communist country. Beginning around 1980, the Chinese government loosened restrictions on agriculture and let in a glimpse of the free marketplace. Since that time, the most populated country on the planet has had unprecedented growth. Never in the history of man have so many people been lifted out of poverty in such a short period of time. Hundreds of millions of Chinese have been able to… Read more Β»

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Patricia
Member
πŸ‘689

Very good article Ben. In Rickard’s “The Death of Money” is an excellent chapter entitled “China’s New Financial Warlords.” It begins: “To contemporary Western eyes, China appears like a monolithic juggernaut poised to dominate East Asia and surpass the West in wealth and output in a matter of years. In fact, China is a fragile construct that could easily descend into chaos, as it has many times before.” Central Planning of economies just doesn’t work. I wonder how many times that needs to be proven in how many countries, before some of our Marxist university professors (ironically, while collecting six… Read more Β»

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Gene
Guest

So are you saying, no, zero central planning? No development of intrastructure and just let the world run amok? I have seen in person and on video places like that where little planning seems to have happened. I hope we never get to that chaotic state.

Patricia
Member
πŸ‘689

Hi Gene – no, I was using this specific definition:

“DEFINITION of ‘Centrally Planned Economy’ An economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.” – from Investopedia

Capital is misallocated to a bizarre degree in such systems, hence all the “ghost cities” in China right now, and the fact that a ton of coal there can reap about the same profit as the value of a pickled egg.

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SoGiAm
Member
πŸ‘11363

Gene my friend and mentor of many years suggested Knocking At The White House Door: https://thekingsbridge.wordpress.com/ Best2ALL!-Benjamin

hendrixnuzzles
Member
πŸ‘9951

Thanks Sogiam, China is a fascinating country that needs more attention, as it is surely going to grow further in world influence. It is thought-provoking to look at the similarities and contrasts between the US and China. Usually the differences are more noticeable, but the similarities are instructive: Both countries rose to world prominence quickly after a period of dramatic economic growth powered by the ability of individuals to pursue their private economic interests. Both countries benefitted during their rise from a predominate set of societal, philosophic, and family values. Both countries had explosive growth in net exports, though for… Read more Β»

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arch1
Member
πŸ‘7784

sogiam Great analysis,,, we agree almost exactly though I would add the factor of the 50 million or so surplus of men to women of child producing age,which may well mean trouble and recent news of AIIB which means they are escalating the economic conflict with US. I feel the word “War ‘ is very overused and is being bastardized and diminished in meaning,,,,,not to say that monetary conflict might become military confrontation. Another reason for the rapid growth is their noting the Hon Kong model of open /free markets and adaptation to the mainland culture at the end of… Read more Β»

SoGiAm
Member
πŸ‘11363

China-I currently have no open positions in Chinese equities either Hendrix although I have played BABA, BIDU, and the solar stocks mentioned below. From zacks: 4/2/15 China Stock Roundup: PetroChina, CNOOC Results Disappoint – Analyst Blog Performance of Most Actively Traded US-Listed Chinese Stocks The table given below shows the price movements of 10 Chinese companies with the highest three-month average trading volume on U.S. exchanges. Price movements over the last five days and during the last six months have been included. Ticker Last 5 Day’s Performance 6-Month Performance BABA-3.4%-4.3% VIPS+3.2%+59.8% SFUN+7.3%-37.6% JD+0.4%+16.8% BIDU-0.8%-0.5% TSL+1.8%+9.5% CTRP+2.1%+5.1% WBAI-5.8%-67.5% YGE-21.3%-39.3% YOKU-7.9%-28.1% Next… Read more Β»

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hendrixnuzzles
Member
πŸ‘9951

I’m worried about banking/financial/real estate contractions in both markets

Michael
Guest
Michael

Anyone have any comments about Jim Rickards “Impact System”?

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Anna
Guest
Anna

Hi! I am wondering the same thing about IMPACT…It sounds too good to be true…

mary chang
Guest
mary chang

Me too. Jim Rickard’s “Impact System” sounds good & I would like to join, but worried by ?apparent need for broker approval, which sounds too complicated.

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hendrixnuzzles
Member
πŸ‘9951

Broker approval is probably required because many of his recommendations will
be on options.

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hendrixnuzzles
Member
πŸ‘9951

May I suggest that we consolidate conversation on Rickards’ ideas to the other thread ?

Jerald Broussard
Guest
Jerald Broussard

I’d like a single thread on Rickards Impact system.

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Jerald Broussard
Guest
Jerald Broussard

How do i start/get to a thread on Jim’s Impact system ?

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SoGiAm
Member
πŸ‘11363

Jerald: http://www.stockgumshoe.com/2015/05/microblog-jim-rickards-impact-system/
searched Rickards Impact Best2You-Ben

depression
Guest

Some genetics research study indicates that danger for depression arises from the influence of a number of genes acting together with
ecological or other factors.

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thinairmony
Member
πŸ‘-200

James Rickards just saw a article today April 13, 2017, says April 21, 2017 is going to be the day of world currency, U.S.A. day of reckoning. James is a has been. Keeps enough money to take money from people who like to have their ears tickled with prognostic Babel.

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DWC
Guest
DWC

I signed up for the IMPACT pitch a couple of years ago. Early results were good but overall results have been very poor. Other than his Brexit predictions and Trump election, the other recommendations have been pretty much losers. I would say overall I am down about 60% between IMPACT and Currency Wars.