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Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy

  • Book
  • Dec 6, 2022
  • #Economics
James Rickards
@JamesRickards
(Author)
www.goodreads.com
Hardcover
5.0/5 1 ratings
Hardcover Kindle Audiobook
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4.00/5 1 ratings
1 Recommender
2 Mentions
From the man who predicted the worst economic crisis in US history comes Jim Rickards' second prediction - the collapse of our global economy. The supply chain crisis is coming to... Show More

From the man who predicted the worst economic crisis in US history comes Jim Rickards' second prediction - the collapse of our global economy.

The supply chain crisis is coming to a head. Today, your favorite products are missing from store shelves, caught in supply chain limbo somewhere in the Pacific Ocean. But what does this supply chain disruption look like six months, or even three years, from now? While we hope that post-pandemic recovery will absolve these issues, the reality is that digital currency, meme stonks, and social media can't solve the age-old problem of producing and moving physical goods across oceans and continents. According to Jim Rickards, consumer frustration is only the tip of a very large, menacing iceberg that threatens global economic collapse.

In Sold Out, Rickards shares his predictions for our post-pandemic future and outlines how consumers and business owners can get ahead of the collapse. You'll learn how energy shortages in China - fueled by the trade war with Australia - are disrupting the steel market and forcing entire factories to shut down. You'll also learn how rising inflation will ultimately lead to deflation in a few short years - as consumer spending eventually tanks due to higher taxes, excessive debt, and increased layoffs - and why such economic conditions will closely resemble the 1930s. Finally, Rickards will look at the future of money, including the erasure of the American dollar itself.

Our global economy faces unprecedented challenges in the next few months. But whether we sink or swim depends on how prepared we are - and what we do now to thwart the coming collapse.

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Number of Pages: 272

ISBN: 0593542312

ISBN-13: 9780593542316

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Preston Pysh @PrestonPysh · Dec 7, 2022
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Then don’t read the book. I HAVE read the book and it’s outstanding. I disagree with Jim on BTC but that doesn’t mean I can’t learn from him in other areas. Being unable to separate ideas from individuals can be dangerous, especially when you haven’t even read the ideas.
Preston Pysh @PrestonPysh · Dec 7, 2022
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@JamesGRickards’s new book, Sold Out is a must read for people trying to understand why supply chains are breaking & are only getting started. This is a vital concept for people conducting economic calculation for credit and equity markets to understand.
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