Monday, February 27, 2012
Saturday, February 18, 2012
James Rickards: Paper, Gold, Chaos
"History is replete with the carcasses of failed currencies destroyed through misguided intentional debasement by governments looking for an easy escape from piling up too much debt. James Rickards, author of the recent bestseller Currency Wars: The Making of the Next Global Crisis, sees history repeating itself today - and warns we are in the escalating stage of a global currency war of the grandest scale.
Whether it ends in hyperinflation, in the return to some form of gold standard, or in chaos - history is telling us we can have confidence it will end painfully."
Tuesday, February 14, 2012
James Rickards Interview: Gold is the Answer to Currency Wars
"I think there is a sense among many of the policy makers and Federal Reserve board governors that the dollar will always be the key reserve currency, and there is no good alternative. Therefore, you can borrow or print as much as you want and have as much debt as you desire. The thinking is that we will eventually grow and pay it back, or there will be inflation or some other remedy. The belief that the dollar is a punching bag that will never break is incorrect. We need to be more conservative or we risk a general collapse of confidence in the dollar."
- Read the full interview here:
Friday, February 10, 2012
Tuesday, February 7, 2012
Friday, February 3, 2012
Wednesday, February 1, 2012
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