- Source MSNBC:
Jim Rickards Blog
TRACKING THE AUTHOR OF "CURRENCY WARS" AND GOLD VIGILANTE JIM RICKARDS - AN UNOFFICIAL EDITING OF HIS INVESTMENT COMMENTARY
Wednesday, May 16, 2012
The Future of the Dollar
Tuesday, May 8, 2012
China Inequality Far Worse than Official Stats
"Any eye openers from Asia trip so far? Yeah, China income inequality far worse than official stats. Has revolutionary potential."
- Jim Rickards, via Twitter:
Wednesday, May 2, 2012
The Real Reason Ben Bernanke Resists the Gold Standard
The fact that the chairman devoted substantial time to the subject suggests that the idea of a new gold standard is gaining traction and that some public rebuttal was required. That's interesting because for decades mainstream economists of the Bernanke type have disparaged the role of gold. If a new consensus is emerging that gold has some role to play, this is a threat to the beliefs of Bernanke and others such as Paul Krugman who take the view that money-printing capacity is essentially unlimited.
Bernanke's public attack on gold comes down to two propositions, both demonstrably false...
Bernanke's public attack on gold comes down to two propositions, both demonstrably false...
- Read the full article here:
Saturday, April 28, 2012
Sunday, April 8, 2012
Wednesday, April 4, 2012
Markets are in Wonderland
Monday, March 26, 2012
A Return to the Gold Standard?
With central banks around the world printing money to pump into their financial systems to prevent them from seizing up, the argument for a return to the gold standard has become popular again.
The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold.
The idea, in theory at least, was that you could convert your currency into gold at the fixed price.
The view from investment banker Jim Rickards is that something is needed to stop governments from printing money in order to deal with their debt - that hurts savers by making money worth less.
"The worst case scenario is hyperinflation, which hurts everyone. Sticking to gold makes such a policy impossible, and therefore stops governments and central banks from abusing their power," he says.
The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold.
The idea, in theory at least, was that you could convert your currency into gold at the fixed price.
The view from investment banker Jim Rickards is that something is needed to stop governments from printing money in order to deal with their debt - that hurts savers by making money worth less.
"The worst case scenario is hyperinflation, which hurts everyone. Sticking to gold makes such a policy impossible, and therefore stops governments and central banks from abusing their power," he says.
- Read the full story at BBC News here:
Wednesday, March 21, 2012
Currency Wars Takes Silver Medal in Annual Axiom Business Book Awards
Currency Wars: The Making of the Next Global Crisis, by James Rickards has taken second place in the 5th annual Axiom Business Book Awards. The book took the silver medal in the Economics category.
Congratulations to Jim Rickards and his great book!
See the full results here:
Thursday, March 15, 2012
The Fed is Clueless!
"The Fed is mostly clueless. When they are not clueless they lie. Everyone is in on the joke except savers..."
- Jim Rickards via a recent Twitter update:
Sunday, March 11, 2012
Wednesday, March 7, 2012
Rickards: Iran's Currency War
"James G. Rickards discusses how the U.S. is engaging in currency warfare with Iran.
This Carnegie Council event took place on January 26, 2012. For complete video, audio, and transcript, go to: http://www.carnegiecouncil.org/resources/transcripts/0468.html"
Sunday, March 4, 2012
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