Friday, December 30, 2011

US to go to War with Iran, Oil & Gold to Spike

“The Obama administration has pursued diplomacy very vigorously. My view is it has failed. (The other possibility) would be a regime change. I say the war has already begun. There’s a lot of sabotage, there have been assassinations, strange things blowing up, rebellion. So there is enormous pressure being put on the Iranian regime from many directions. All of this is designed to destabilize the regime.

But I think the regime is too entrenched, the Iranian Revolutionary Guard Corp are to ruthless. They actually buy cranes, they hang people not from scaffolds, but from cranes, and they are buying more cranes because they are hanging more people. They’ll do whatever it takes, so I don’t see regime change.

What’s left? Well, what’s left is war and that is, unfortunately, where I see this heading."

- Read the full interview on King World News here:

Thursday, December 22, 2011

The Exchange: Currency Wars

"Rob Cox is joined by James Rickards, author of Currency Wars, and Breakingviews columnist Martin Hutchinson to discuss how a global competition to devalue currencies can be avoided."

Friday, December 16, 2011

The US Treasury Shorts the Dollar

"The Treasury is going short dollars. Think about the significance of that, Eric. The Treasury sponsors the dollar. You take a dollar bill out of your pocket and look at it, the Secretary of the Treasury signs every dollar bill. It’s sponsored and backed up by the Treasury and yet the Treasury is shorting its own currency by taking SDR notes from the IMF. My question is, if the Treasury is shorting the dollar, shouldn’t the rest of us be shorting the dollar too?”

- Read the full article here, at King World News:

Wednesday, December 14, 2011

The British Sterling is the Next Crisis!

Awkward how the British press keeps bashing the euro when the next crisis is the sterling.

- Jim Rickards, Twitter Update