Rickards is not just some conspiracy theorist. He was a government lawyer who convinced Wall Street to bail out the LTCM hedge fund in 1998. Without that bailout, it would have caused a global financial collapse. (Fun fact: the only banks that refused to help in that bailout were Lehman Brothers and Bear Sterns, they were the only banks not to get a government bailout in 2008)
Rickards wrote up this manufactured collapse scenario in an excellent book called, The Road to Ruin. If you want to know this insight in greater detail, I recommend it.
Rickards is not just some conspiracy theorist. He was a government lawyer who convinced Wall Street to bail out the LTCM hedge fund in 1998. Without that bailout, it would have caused a global financial collapse. (Fun fact: the only banks that refused to help in that bailout were Lehman Brothers and Bear Sterns, they were the only banks not to get a government bailout in 2008)
Rickards wrote up this manufactured collapse scenario in an excellent book called, The Road to Ruin. If you want to know this insight in greater detail, I recommend it.
Very interesting. Thanks for the pointers.