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Seven Secrets of Wealth Preservation in the Coming Chaos | Aftermath by James Rickards

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Seven Secrets of Wealth Preservation in the Coming Chaos | Aftermath by James Rickards
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Financial expert, investment advisor and New York Times bestselling author James Rickards shows why and how global financial markets are being artificially inflated--and what smart investors can do to protect their assets
What goes up, must come down. As any student of financial history knows, the dizzying heights of the stock market can't continue indefinitely--especially since asset prices have been artificially inflated by investor optimism around the Trump administration, ruinously low interest rates, and the infiltration of behavioral economics into our financial lives. The elites are prepared, but what's the average investor to do?
James Rickards, the author of the prescient books Currency WarsThe Death of Money, and The Road to Ruin, lays out the true risks to our financial system, and offers invaluable advice on how best to weather the storm. You'll learn, for instance:
* How behavioral economists prop up the market: Funds that administer 401(k)s use all kinds of tricks to make you invest more, inflating asset prices to unsustainable levels.
* Why digital currencies like Bitcoin and Ethereum are best avoided.
* Why passive investing has been overhyped: The average investor has been scolded into passively managed index funds. But active investors will soon have a big advantage.
* What the financial landscape will look like after the next crisis: it will not be an apocalypse, but it will be radically different. Those who forsee this landscape can prepare now to preserve wealth.
Provocative, stirring, and full of counterintuitive advice, Aftermath is the book every smart investor will want to get their hands on--as soon as possible.

This episode explores strategies for preserving wealth and maintaining financial resilience during periods of economic instability. Drawing on insights from James Rickards, the author emphasizes the importance of identifying warning signs by monitoring historical trends and global financial news. To mitigate risk, the source recommends diversifying assets into tangible goods like gold or real estate and maintaining a varied currency portfolio. Additionally, the passage highlights the necessity of comprehensive insurance coverage and adopting a long-term investment perspective to avoid reactionary decisions driven by market volatility. Ultimately, the material serves as a guide for building a robust financial safety net that allows individuals to thrive despite fiscal chaos.

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