James Rickards - The Road To Ruin - PART 1/2 | London Real

James Rickards - The Road To Ruin.
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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.

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.

Notes:
The James Rickards Project
http://www.jamesrickardsproject.com/
James Rickards on Twitter
https://twitter.com/JamesGRickards
James Rickards on Wikipedia
https://en.wikipedia.org/wiki/James_Rickards

James Rickards' Books:
The Road to Ruin
https://www.amazon.co.uk/Road-Ruin-Global-Elites-Financial/dp/0241189209/ref=asap_bc?ie=UTF8
The New Case for Gold
https://www.amazon.co.uk/New-Case-Gold-James-Rickards/dp/0241248353/ref=asap_bc?ie=UTF8
The Death of Money
https://www.amazon.co.uk/Death-Money-Collapse-International-Monetary/dp/0670923702/ref=asap_bc?ie=UTF8
Currency Wars
https://www.amazon.co.uk/Currency-Wars-Making-Global-Crisis-ebook/dp/B005GSYZRA/ref=asap_bc?ie=UTF8
The Big Drop
https://www.amazon.co.uk/Big-Drop-Wealth-During-Collapse/dp/B00V2YQMOQ/ref=asap_bc?ie=UTF8

Topics discussed:
Long-Term Capital Management
https://en.wikipedia.org/wiki/Long-Term_Capital_Management
Johns Hopkins University
https://en.wikipedia.org/wiki/Johns_Hopkins_University
John Hopkins School of International Studies
https://en.wikipedia.org/wiki/Paul_H._Nitze_School_of_Advanced_International_Studies
US Department of Defense
https://en.wikipedia.org/wiki/United_States_Department_of_Defense
Pentagon Preps for Economic Warfare
http://www.politico.com/story/2009/04/pentagon-preps-for-economic-warfare-021053
Black-Scholes Model
https://en.wikipedia.org/wiki/Black%E2%80%93Scholes_model
When Genius Failed by Roger Lowenstein
https://www.amazon.co.uk/d/Books/When-Genius-Failed-Capital-Management/1841155047
Itô Calculus
https://en.wikipedia.org/wiki/It%C3%B4_calculus
Bankers Trust
https://en.wikipedia.org/wiki/Bankers_Trust
Derivative (finance)
https://en.wikipedia.org/wiki/Derivative_(finance)
Swap (finance)
https://en.wikipedia.org/wiki/Swap_(finance)
Day trading
https://en.wikipedia.org/wiki/Day_trading
Off-balance sheet
https://en.wikipedia.org/wiki/Off-balance-sheet
International Monetary Fund (IMF)
https://en.wikipedia.org/wiki/International_Monetary_Fund
Special drawing rights (SDRs)
https://en.wikipedia.org/wiki/Special_drawing_rights
Federal Reserve System
https://en.wikipedia.org/wiki/Federal_Reserve_System
European Central Bank (ECB)
https://en.wikipedia.org/wiki/European_Central_Bank
‘Sapiens’ by Yuval Noah Harari
https://www.amazon.co.uk/Sapiens-Humankind-Yuval-Noah-Harari/dp/1846558239
Wall Street
https://en.wikipedia.org/wiki/Wall_Street
‘Liar’s Poker’ by Michael Lewis
https://www.amazon.co.uk/d/Books/Liars-Poker-Hodder-Great-Reads-Michael-Lewis/0340839961
‘The Bonfire of the Vanities’
https://en.wikipedia.org/wiki/The_Bonfire_of_the_Vanities
Solomon Brothers
https://en.wikipedia.org/wiki/Salomon_Brothers
Bear Stearns
https://en.wikipedia.org/wiki/Bear_Stearns
Bell Curve
https://en.wikipedia.org/wiki/Normal_distribution
Power law
https://en.wikipedia.org/wiki/Power_law
‘The Black Swan’ by Nassim Taleb
https://en.wikipedia.org/wiki/The_Black_Swan_(Taleb_book)

People mentioned in this episode:
Max Keiser
https://londonreal.tv/max-keiser-bitcoin-bernanke-buffett/

...and many man more!

FULL SHOW NOTES: https://londonreal.tv/james-rickards-the-road-to-ruin/