Jim Rickards new book is an interesting read - almost PP like

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Kriegsspiel
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Re: Jim Rickards new book is an interesting read - almost PP like

Post by Kriegsspiel » Fri Dec 13, 2019 4:58 pm

vnatale wrote:
Thu Dec 12, 2019 8:39 pm

In his conclusion he had this: "The best depiction of life after a financial collapse is found in The Mandibles, a brilliant 2016 novel by the award-winning author Lionel Shriver. The novel offers details of an economic collapse in 2029, but is mostly concerned with the lives of everyday people living in the aftermath."

He then gave much detail about that book. Anyone here read it? It caused me to also buy that book tonight and it will be one of my RARE fiction book reads.

Vinny
We did! Here. Lionel Shriver has written some damn funny articles recently too.
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Re: Jim Rickards new book is an interesting read - almost PP like

Post by vnatale » Fri Dec 13, 2019 5:16 pm

Kriegsspiel wrote:
Fri Dec 13, 2019 4:58 pm
vnatale wrote:
Thu Dec 12, 2019 8:39 pm

In his conclusion he had this: "The best depiction of life after a financial collapse is found in The Mandibles, a brilliant 2016 novel by the award-winning author Lionel Shriver. The novel offers details of an economic collapse in 2029, but is mostly concerned with the lives of everyday people living in the aftermath."

He then gave much detail about that book. Anyone here read it? It caused me to also buy that book tonight and it will be one of my RARE fiction book reads.

Vinny
We did! Here. Lionel Shriver has written some damn funny articles recently too.
Thanks! It was almost exactly a year ago to the day that you first wrote about it. I will read that New Yorker review tonight. I bought the book used at Amazon so it will arrive at some point in the next week or two. When it arrives I'll try to find time to make it one of those books that I read from start to finish in one sitting.

Vinny
"I only regret that I have but one lap to give to my cats."
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Re: Jim Rickards new book is an interesting read - almost PP like

Post by vnatale » Sat Dec 14, 2019 11:53 pm

Kriegsspiel wrote:
Fri Dec 13, 2019 4:58 pm
vnatale wrote:
Thu Dec 12, 2019 8:39 pm

In his conclusion he had this: "The best depiction of life after a financial collapse is found in The Mandibles, a brilliant 2016 novel by the award-winning author Lionel Shriver. The novel offers details of an economic collapse in 2029, but is mostly concerned with the lives of everyday people living in the aftermath."

He then gave much detail about that book. Anyone here read it? It caused me to also buy that book tonight and it will be one of my RARE fiction book reads.

Vinny
We did! Here. Lionel Shriver has written some damn funny articles recently too.
I did read the New Yorker review of the book plus followed the link to here and also read this....https://www.nytimes.com/2016/02/09/opin ... .html?_r=0.

Thanks for letting me know about this quite remarkable woman!

Vinny
"I only regret that I have but one lap to give to my cats."
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Re: Jim Rickards new book is an interesting read - almost PP like

Post by vnatale » Sun Dec 15, 2019 11:02 pm

Kriegsspiel wrote:
Fri Dec 13, 2019 4:58 pm
vnatale wrote:
Thu Dec 12, 2019 8:39 pm

In his conclusion he had this: "The best depiction of life after a financial collapse is found in The Mandibles, a brilliant 2016 novel by the award-winning author Lionel Shriver. The novel offers details of an economic collapse in 2029, but is mostly concerned with the lives of everyday people living in the aftermath."

He then gave much detail about that book. Anyone here read it? It caused me to also buy that book tonight and it will be one of my RARE fiction book reads.

Vinny
We did! Here. Lionel Shriver has written some damn funny articles recently too.
I started reading her book tonight. Just read this:

Using the powers vested in your president by the International Emergency Economic Powers Act of 1977, I am calling in all gold reserves held in private hands. Gold-mining operations within our borders will be required to sell ore exclusively to the United States Treasury. Gold stocks, exchange-traded funds, and bullion will likewise be transferred to the Treasury. In contrast to Franklin Delano Roosevelt’s gold nationalization of 1933, when FDR made his bold bid to rescue our suffering nation from the Great Depression, there will be no exceptions for jewelers or jewelry. All such patriotic forfeitures will be compensated by weight, albeit at a rate that does not reflect the hysterical inflation of gold stocks in the lead-up to this emergency. Hoarding will not be tolerated. Punitive fines of up to $250,000 will be levied on those who fail to comply. Retaining gold in any form beyond the deadline of November 30, 2029, will thenceforth be considered a criminal offense, punishable by no less than ten years in prison.

All gold exports from our shores are henceforth prohibited. In retaliation for outside agitators’ attempts to fray the very fabric of our flag, all foreign gold reserves currently stored with the Federal Reserve are hereby confiscated, and become the property of the American government.


!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Good thing I was also listening to Bruce Springsteen's Roalita while I was reading that as a counter balance!

Vinny
"I only regret that I have but one lap to give to my cats."
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Re: Jim Rickards new book is an interesting read - almost PP like

Post by vnatale » Sun Dec 15, 2019 11:04 pm

vnatale wrote:
Sun Dec 15, 2019 11:02 pm
Kriegsspiel wrote:
Fri Dec 13, 2019 4:58 pm
vnatale wrote:
Thu Dec 12, 2019 8:39 pm

In his conclusion he had this: "The best depiction of life after a financial collapse is found in The Mandibles, a brilliant 2016 novel by the award-winning author Lionel Shriver. The novel offers details of an economic collapse in 2029, but is mostly concerned with the lives of everyday people living in the aftermath."

He then gave much detail about that book. Anyone here read it? It caused me to also buy that book tonight and it will be one of my RARE fiction book reads.

Vinny
We did! Here. Lionel Shriver has written some damn funny articles recently too.
I started reading her book tonight. Just read this:

Using the powers vested in your president by the International Emergency Economic Powers Act of 1977, I am calling in all gold reserves held in private hands. Gold-mining operations within our borders will be required to sell ore exclusively to the United States Treasury. Gold stocks, exchange-traded funds, and bullion will likewise be transferred to the Treasury. In contrast to Franklin Delano Roosevelt’s gold nationalization of 1933, when FDR made his bold bid to rescue our suffering nation from the Great Depression, there will be no exceptions for jewelers or jewelry. All such patriotic forfeitures will be compensated by weight, albeit at a rate that does not reflect the hysterical inflation of gold stocks in the lead-up to this emergency. Hoarding will not be tolerated. Punitive fines of up to $250,000 will be levied on those who fail to comply. Retaining gold in any form beyond the deadline of November 30, 2029, will thenceforth be considered a criminal offense, punishable by no less than ten years in prison.

All gold exports from our shores are henceforth prohibited. In retaliation for outside agitators’ attempts to fray the very fabric of our flag, all foreign gold reserves currently stored with the Federal Reserve are hereby confiscated, and become the property of the American government.


!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Good thing I was also listening to Bruce Springsteen's Roalita while I was reading that as a counter balance!

Vinny
Then a few paragraphs later I come across this!


As of this evening, myself, the secretary of the Treasury, and the chairman of the United States Federal Reserve have declared a universal “reset.” In the interest of preserving the very nation that would meet its obligations of the future, we are compelled to put aside the obligations of the past. All Treasury bills, notes, and bonds are forthwith declared null and void. Many a debtor has wept in gratitude for the mercy of a wiped slate, the right to a second chance, which for individuals and corporations alike all fair-minded judicial systems like our own have enshrined in law. So also must government be able to draw a line and say: here we begin afresh.

Thus let us strike into the future, our step lightened, our hearts gladdened—confident in the endurance of the greatest country on earth. God bless you. And God bless the United States of America. Good night.


There goes almost our entire Permanent Portfolio! After reading those two paragraphs I had to replay Rosalita!

Vinny
"I only regret that I have but one lap to give to my cats."
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Re: Jim Rickards new book is an interesting read - almost PP like

Post by stuper1 » Mon Dec 16, 2019 12:18 am

I rarely enjoy fiction anymore, but the Mandibles was awesome. It's quite a roller coaster ride and in my experience is quite a rarity of fiction in that I was smiling at the end rather than feeling depressed.
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Re: Jim Rickards new book is an interesting read - almost PP like

Post by vnatale » Tue Jan 28, 2020 10:55 pm

Smith1776 wrote:
Fri Aug 23, 2019 2:05 pm


Some parts of the book are genuinely fascinating, such as his discussion on the concept of choice architecture. He likens the beeping sounds your car makes when you leave the lights on as the same kind of "nudge" that 401K offering forms have to steer you into saving.

The above is obviously what you wrote. And, in his summary, here is what he wrote: "Investment Secret #3: Beware the hidden hand of behavioral manipulation. Watch out for nudges."

In the actual chapter regarding the beeping sounds, he described in intense detail how often they went off and how annoying they were. Almost to the extent that because they were so annoying that he tuned them out. Therefore, the net result of the beeping sound was to accomplish nothing positive but creating annoyance for him.

Regarding the 401(k)'s requiring you to opt OUT, he believed this was NOT a good thing. That it was possible to invest on your own outside of a 401(k) with better results.



Vinny
"I only regret that I have but one lap to give to my cats."
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