“Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.”
Quote by James Rickards
Work
The Death of Money: The Coming Collapse of the International Monetary System
This book delves into the complexities of the international monetary system, exploring the risks and vulnerabilities that could lead to its collapse. The author analyzes historical trends, economic policies, and geopolitical factors that may contribute to such an event, offering a comprehensive look at the future of global finance. more
Author
James Rickards
James Rickards is a renowned author specializing in finance, investment, and national security. His works delve into the complexities of the global economy, monetary policy, and geopolitical risks. more
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Source: Characteristics: in the manner of Rochefoucault's Maxims [by W. Hazlitt].
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