Saturday, January 14, 2012

Jim Rickards - War With Iran has Begun, Gold to Break $2,000

"This war will be fought with air power, sea power, cyberwarfare, financial warfare, sabotage, special operation, assassination, things like that. This is already going on. As an example, yesterday a prominent Iranian nuclear scientist had an unlucky encounter with a magnet bomb.

So this war is already being fought. The other day the United States sanctioned the Central Bank of Iran. By the way, we’ve been sanctioning them for years, but we’ve been dialing it up little by little. It’s like the frog that’s boiled in a pot of water and doesn’t know until it’s too late that the water is getting hot.

President Obama sanctioned the central bank about a week ago. The Iranian currency, the rial, dropped 30% in a single day. Hyperinflation has broken out in Iran. This is financial warfare.

My point to the listeners is this is not theoretical, this is not a war game, not an exercise, it’s happening now and the clock is ticking.”

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