First published 2022
Jim Rickards examines the supply chain crisis that leaves store shelves empty and products stranded in Pacific shipping lanes. He argues this disruption signals something far worse than temporary pandemic effects. Digital currency and social media cannot fix the fundamental challenge of moving physical goods across continents. Rickards traces how energy shortages in China, sparked by trade conflicts with Australia, shut down factories and disrupt steel markets. He explains why current inflation will flip to deflation within years as higher taxes, mounting debt, and job losses crush consumer spending. The economic conditions will mirror the 1930s depression. Rickards also explores the future of money itself, including the potential end of the American dollar. He provides strategies for consumers and business owners to prepare for the coming economic upheaval. The global economy faces critical challenges in the coming months, but survival depends on immediate preparation and action.
Genres: business, politics, economics, social-issues, non-fiction, 21st-century
Vibes: suspenseful, thought-provoking
Tropes: preparation, survival
Setting: China, Pacific, America
Period: 1930s
272 pages · Hardcover · Portfolio