Monday, December 2, 2019

James Rickards: How To Avoid The Next Market Crash

Wednesday, November 27, 2019

Jim Rickards Project Prophesy: Does This Government Secret Affect You?

James Rickards is the American financial expert and author of the New York Times best-selling books “The Death of Money”, “Currency Wars”, and “The New Case For Gold”. 

He worked on Wall Street for 35 years, and now advise Johns Hopkins University and the U.S. Department of Defense, where he served as a facilitator of the first-ever financial war games conducted by the Pentagon. 

In his new book “Aftermath”, he explains how the biggest financial crisis is yet to come and reveals his seven secrets of wealth preservation in the coming chaos.

- Source, London Real

Saturday, November 16, 2019

James Rickards: The Next Financial Crash is Coming, Guaranteed

James Rickards is a renowned lawyer, economist, and finance expert. Jim is also the author of Currency Wars: The Making of the Next Global Crisis and five other books.

- Source, Triggernometry

Tuesday, November 12, 2019

Jim Rickards: Central Banks of Russia Buys Another 12.44 Metric Tonnes of Gold

"It's that time again. Central Bank of Russia just reported adding 12.44 metric tonnes of gold to reserves in September. Brings total Russian gold reserves to 2,243 metric tonnes worth $115 billion at the market. I guess Jamie Dimon can buy the Treasury notes Russia is dumping."

- Source, James Rickards via Twitter

Saturday, November 9, 2019

Aftermath: The Coming Financial Crisis and the Return to Gold

Economist and author Jim Rickards joins us at Small Caps headquarters to discuss his latest book 'Aftermath'. 

Jim shares his views on the current state of the global economy and why he believes we are headed for a major global financial crisis in the near future that will be greater than 2008. 

Discussed is how investors can prepare and even benefit from the collapse. Gold set to make a comeback as money and why a $10,000 per ounce gold price is not out of the question. 

We go into Jim's work for the US government & CIA, and ask if they know the collapse is coming and are preparing for it. 

The role of the US dollar and its future.

- Source, Small Caps

Monday, November 4, 2019

Jim Rickards: The FED won’t be able to bail out the system again

Commenting on what he thinks the FED may do in the event of another financial panic, Rickards said: “They’re going to freeze accounts and shut the stock exchanges because they won’t be able to bail it out again.”

He went on to say the FED “printed four trillion dollars to bail out [the system] last time, and I was standing with our modern monetary theorists to say that you’re not gonna be able to print another four trillion to bail it again.”

Rickards thinks that this will inevitably cause the FED “to turn to the IMF”.

He believes a move like this may have “a lot of implications” due to the role the IMF plays in today’s global economic framework as essentially “the central bank for central bankers”. A future bailout may result in many central banks all around the world needing to turn to the only place left with a clean balance sheet for a liquidity injection in the form of SDRs – or what Rickards calls “world money”.

- Source, Yahoo Business

Monday, October 28, 2019

Jim Rickards: How Best to Prepare for the Next Financial Crisis

James Rickards is predicting chaos on an unprecedented scale. The financial expert, investment advisor and New York Times bestselling author warns that the most devastating financial crisis yet could be just around the corner.

His suggestions for how we can protect our wealth in tumultuous times are at times counterintuitive, including steering clear of high-valuation tech stocks and being wary of “overhyped” passive investing.

In this video with Moneywise editor Rachel Rickard Straus, Jim also warns viewers to watch out for tricks being played on us all by behavioural economists.

While his predictions are provocative, he has been right in the past, sounding the alarm on currency manipulation and foreseeing the rise of negative interest rates.

Lifestyles could change immeasurably over the next century, with progress by no means a given, he predicts. So, fasten your seatbelt (or pour yourself a cup of tea), and watch our interview with Jim.

- Source, Moneywise

Saturday, October 26, 2019

Rickards: The FED May Cause the Next Recession by Trying to Get Ready for the Next One

In a recent interview conducted at the Nasdaq stock exchange headquarters in New York, macro analyst and financial commentator James Rickards warned of a potential upcoming financial panic in the run-up to the release of his latest and final book in a series of four called “Aftermath“.

The bestselling author thinks that the US Federal Reserve (FED) raising the interest rate from zero all the way to the current 2.25% to 2.5% over the last couple of years may be a ploy from the central bank to give it the opportunity to then cut rates in the event of another potential economic downturn.

Rickards has had a long history on the frontlines of financial panics. He had a role as the chief legal counsel for the now-defunct hedge fund Long-Term Capital Management. The firm was infamous for the bailout it received organised by the Federal Reserve Bank of New York to the tune of $3.625 billion following heavy losses for the firm following the 1997 and 1998 Asian and Russian financial panics.

Since then, Rickards has spent time on the sidelines and bore witness to the 2008 financial crisis and subsequent bailout – this time directly from the US Treasury.

Moving forward another 10 years, he thinks we may soon be on the precipice of another major economic downturn, but this time the mess will be too big for even state-backed central banks like the FED to get us out of trouble.

- Source, Yahoo Business

Monday, October 21, 2019

Jim Rickards: Communist China Thought They Could Mimic Capitalism

The key word there is "mimic." The Communist Party [of China] thought they could finesse and control it, but it is turning out markets have a mind of their own. But the "Empire" will strike back, they have an enormous arsenal of tools they can use to try to fight this bubble.

In the end, all bubbles burst, I expect this will go down about 70% or 80% before it runs its course, but bubbles never go down in a straight line...

This could take multiple years and there could be rallies in the meantime. They need to cut interest rates, cut reserve requirements and cheapen the Yuan, sell their reserves and use that to prop up their markets. There is a lot they can do, but this is just going to grind lower...

I expect China will do something, they are probably debating it right now... They do have room, unlike the U.S., because we should have raised rates when we could have back in 2010, China still has room to cut rates, and they've got $3.5 trillion in reserves, that is a lot of dry powder.

However, this has implications, it has what the IMF calls "spillover effects."

If they have to sell their reserves to raise funds to bail out their market, what are they selling? [U.S.] Treasuries. That puts upward pressure on U.S. interest rates, now the trend in interest rates is probably down because of deflation, but in the short run, this is going to make the dollar even stronger and make deflation worse.

By the way, everything that is going on in China sort of started with the Fed. They went though a "kamikaze mission," as I call it, talking about raising rates all year. The eocnomy was visibly slowing, deflation had the upper hand, why on Earth is Janet Yellen talking about raising rates?

But as long as China was pegged, our deflation became their deflation. It was killing them so they broke the peg, but then the markets are crashing, so all these things are connected. It is not that China causes our problems, the problems actually started here, went to China, and now they are coming back...

Thursday, October 17, 2019

Jim Rickards: Should you be Preparing for a Market Collapse?

America's economy is doing pretty well these days. Considering what might happen in the event that it collapses is likely among the last things most wish to do. 

Wall Street veteran Jim Rickards believes that the time is now to prepare for what happens when the good years draw to a close. 

His latest book, the bestseller 'Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,' details what he believes will transpire as a result of the next global economic meltdown, as well as what ordinary folks can do to shield themselves from fiscal ruination.

Monday, September 30, 2019

Why The Next Financial Crisis Will Be the Biggest Yet

Jim Rickards explains why there's a financial crisis coming, and in so doing, reviews the unusual origins of his predictive analytics tool. 

He also explores complexity theory and Bayesian statistics. Jim Rickards is a renowned author and the chief global strategist at Meraglim.

Could this be the biggest financial crisis since 2008? The biggest ever?

Friday, September 27, 2019

Ask the Expert: Jim Rickards on a Future Global Reserve Currency & Interest Rates

James Rickards is Chief Global Strategist at the West Shore Funds, Editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics and global capital.

In the first of a value-packed, two-part Ask The Expert segment, Jim answers your reader-submitted questions, including:

• Canada officially holds zero gold. Where does that leave them now?

• Is the concept of a global reserve currency becoming obsolete?

• Will the trend toward lower (or negative) interest rates ever reverse?

- Source, Sprott Money