The Road to Ruin Quotes

“Central banks and finance ministries do not hold copper, aluminum, or steel supplies, yet they hold gold. The only explanation for central bank gold hoards is the obvious one - gold is money.”
― James Rickards, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis

“Gold is the world's least understood asset class. Confusion arises because gold is traded like a commodity, yet gold is not a commodity, it is money.”
― James Rickards, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis

“Elite support for so-called free trade is due to the fact that elites share a global perspective at odds with the best interests of the United States. Policies that produce world growth at U.S. expense are endorsed. Policies that benefit the United States while slowing world growth are rejected. Today globalization’s triumph over nationalism is energizing a nationalist revival as nations reassess their individual interests. Certain”
― James Rickards, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis

“Keynes asked me what I was advising my clients. “To insulate themselves as much as possible from the coming crisis and to avoid the markets,” I replied. Keynes took the opposite view. “We will not have any more crashes in our time,” he insisted. . . . “And where is the crash coming from in any case?” “The crash will come from the gap between appearances and reality. I have never seen such stormy weather gathering,” I said. 1927 conversation with Keynes recounted by Felix Somary in The Raven of Zurich (1986)”
― James Rickards, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis

“World Order New World Order is not new. Civilizations have devised forms of world order for millennia because the alternative to order is chaos. Order rarely includes liberty or justice. Order mainly ends disorder, and mitigates violence. That is how order achieves legitimacy. The next world order is emerging. What is new is that world order is no longer circumscribed by a defined “world” such as in the Roman or Chinese empires. The next world order will encompass the globe and all of its civilizations at once.”
― James Rickards, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis

“Silber, the real reason the exchange was shut, and the reason the U.S. Treasury was involved, was not stock prices but gold. European sellers were entitled to convert their sales proceeds into gold at the U.S. subtreasury building located on Wall Street across from the exchange.”
― James Rickards, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis

“Easy money did not end”
― James Rickards, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis