Friday, September 22, 2017

Jim Rickards on the New Yuan Priced Gold Backed Oil Contract


Max and Stacy discuss the bricks and mortar meltdown and how private equity has once again led the way to a hollowed-out economy. Max interviews Jim Rickards, author of The Road To Ruin, The Death Of Money, Currency Wars and The New Case For Gold. They discuss the new Yuan-priced gold-backed oil contract and what this means for US dollar hegemony.

- Source, RT

Monday, September 18, 2017

Jim Rickards: The Next Financial Crisis Is Six to Eight Months Away

In this excellent video presentation, Jim Rickards tell's us that It is inevitable the next financial crises is six to eight months away and it will be triggered by a war between the US and North Korea. He still say's one of the best way to protect your wealth preservation is through gold.

Click on the image to view Rickards presentation;





Friday, September 15, 2017

Jim Rickards on How the North Korean Endgame Is Playing out Now


As mounting tensions rise from the latest round of nuclear testing out of North Korea, Jim Rickards believes a considerable window is closing by the United States. The threat of a nuclear armed and capable North Korea is a line that the currency wars expert and macro analyst believes the United States will now allow to be crossed. Speaking on CNBC’s Capital Connection Rickards offered his latest critique of the restrictions and response by the international community on North Korea.

The interview began with a question what an oil embargo would mean for North Korea and how it would impact that country. Rickards blasts, “North Korea has already beaten the world to the punch. They’ve been building up their strategic oil reserves. What that means is they have an estimated year’s worth of held in reserve and China has played a role in these things in the past.”


Tuesday, September 12, 2017

Weird Things Happening In Gold, Expert Sounds the Alarm


Two unusual stories are unfolding for gold — one strange and the other truly weird, this according to bestselling author Jim Rickards. "These stories explain why gold is not just money but is the most politicized form of money," Rickards, the author of Currency Wars said on Wednesday. 

"They show that while politicians publicly disparage gold, they quietly pay close attention to it," Rickards said. The first strange gold story involves Germany and its repatriation of its gold from New York and Paris, Rickards explained how this move was much more political than anything. The second weird event for Rickards is Treasury Secretary, Steve Mnuchin's visit to Fort Knox. After Mnuchin tweeted that all $200 billion dollars worth of gold is still there, Rickards said a few red flags went up for him. 

"Mnuchin is only the third Treasury secretary in history ever to visit Fort Knox and this was the first official visit from Washington, D.C., since 1974. The U.S. government likes to ignore gold and not draw attention to it. So why an impromptu visit by Mnuchin."


Saturday, September 9, 2017

It Won’t Be A Parabolic Rise But $10,000 Gold Is Coming


After hitting its highest level this year, gold has fallen back on profit taking, but best-selling author of Currency Wars Jim Rickards isn’t giving up on the metal just yet. ‘The bigger picture, the one I’m looking at, is that gold hit an interim low on Dec 15 and it’s been grinding higher ever since. 

It’s one of the best performing assets of 2017,’ he told Kitco News. Gold prices rallied to 11-month highs this week as North Korea launched a missile over Japan and even if tensions seem to have cooled off, pushing the safe-haven metal back down to around $1,312.70 an ounce, Rickards is not quite convinced. ‘People seem to have very short attention spans. I’m just looking down the road and you can see the war is coming,’ he said.

- Source, Kitco

Wednesday, September 6, 2017

Jim Rickards Warns - How Gold Regulation Could Come


James Rickards is interviewed and talks about how the system could crack down on gold and what gold regulation really means.


Sunday, September 3, 2017

EXPOSED: The Elite’s Plan to Freeze the Financial System

Today’s complacent markets are faced with a number of potentially destabilizing shocks.

Any one of them could potentially lead to another financial crisis. And the next crisis could see draconian measures by governments that most people are not prepared for today.

You’ll see what I mean in a moment.

But first, what are the catalysts that possibly trigger the next financial crisis?

First off, a debt ceiling crisis is just over a month away. If the ceiling isn’t raised by Sept. 29, the federal government is likely to default on at least some of its bills.

If a deal isn’t reached, it could rock markets and possibly trigger a major recession.

Given Washington’s current political paralysis and intense partisan infighting surrounding President Trump, it’s far from certain that a deal will be reached.

Second, despite some official comments over the weekend downplaying the odds of a war with North Korea, a shooting war remains a very real possibility.

North Korea’s Kim is determined to acquire nuclear weapons that can threaten the lower 48 U.S. states, and Trump is equally determined to prevent that from happening.

Third, a trade war between the U.S. and China seems imminent.

Trump has backed off his campaign pledges to label China a currency manipulator and an unequal trading partner.

And today, Trump is expected to present his case for sanctions against China.

China would likely retaliate, and that could ultimately result in a 10–20% “maxi-devaluation” of the yuan, perhaps by early next year.

That would likely cause a stock market rout. Since China devalued in August 2015, markets fell hundreds of points in single sessions. And that was a much smaller devaluation, less than 2%.

And if markets collapse from either of these scenarios — which is entirely possible — governments will move dramatically to contain the damage.

In my book The Road to Ruin, I discuss a phenomenon called “ice-nine.” The name is taken from a novel, Cat’s Cradle, by Kurt Vonnegut.

In the novel, a scientist invents a molecule he calls ice-nine, which is like water but with two differences. The melting temperature is 114.4 degrees Fahrenheit (meaning it’s frozen at room temperature), and whenever ice-nine comes in contact with water, the water turns to ice-nine and freezes.

The ice-nine is kept in three vials. The plot revolves around the potential release of ice-nine into water, which would eventually freeze the rivers and oceans and end all life on Earth. Cat’s Cradle is darkly comedic, and I highly recommend it.

I used ice-nine in my book as a metaphor for financial contagion.

If regulators freeze money market funds in a crisis, depositors will take money from banks. The regulators will then close the banks, but investors will sell stocks and force the exchanges to close and so on.

Eventually, the entire financial system will be frozen solid and investors will have no access to their money.

Some of my readers were skeptical of this scenario. But I researched it carefully and provided solid evidence that this plan is already in place — it’s just not well understood. But the ice-nine plan is now being put into practice.

Consider a recent Reuters article that admitted elites would likely shut down the entire system when the next financial crisis strikes.

The article claimed that the EU is considering actions that would temporarily prevent people from withdrawing money from banks to prevent bank runs.

“The desire is to prevent a bank run, so that when a bank is in a critical situation it is not pushed over the edge,” said one source.

Very few people are aware of these developments. They get a brief mention in the media, if they get mentioned at all. But people could be in for a shock when they try to get their money out of the bank during the next financial crisis.

Think of it as a war on currency or a war on money. Even the skeptics can see how the entire financial system will be frozen solid in the next crisis.

The only solution is to have physical gold, silver and bank notes in private storage. The sooner you put your personal ice-nine protection plan in place, the safer you’ll be.

- Source, James Rickards via the Daily Reckoning