FOREWORD iiicrash in stock markets pretty much everywhere around the
globe. Some markets will lose less than others. But Rickards
believes America’s could fall up to 70% — practically overnight
— and that Australia’s could suffer a fall almost as catastrophic.
What would you do if your superannuation savings and your
assets HALVED in a 12 month period? To what extent would that
hurl a grenade at your retirement plans...and explode them into
complete disarray?
The purpose of this book — and of Jim Rickards’ Strategic
Intelligence — is to make sure that doesn’t happen.
And you couldn’t have asked for a better guide for your
investments.
‘I want to help everyday Australians,’ Jim told me candidly
after he partnered with us at Port Phillip Publishing to launch
his advisory service.
‘There are people in positions of real power who see what
I see, but won’t be honest with people about it. They’re
perfectly prepared for other people to lose all their money.‘The next collapse — the big drop — is coming. You can
see it coming because of the dynamics.’
The dynamics Jim points out could spell disaster for Aussie
investors.
Not everyone will be prepared. But those who are will be
happy that they were in the aftermath. This book is a means
to that end.
As you read on, you’ll note Jim’s primary focus is the econo-
my and financial market of the US. Some people might think that
US focus makes The Big Drop less useful to the Aussie investor.
As I said, this is wrong.
We no longer have the China-driven mining boom as a
bulletproof vest. More than that, what happens in the US and
around the world has a profound impact on the Aussie economy.
The Reserve Bank of Australia has gone so far as to pin its