London Real

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.  WATCH THE FREE FULL EPISODE: https://londonreal.tv/james-rickards-the-road-to-ruin/ 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 ter