Monday, July 30, 2012

Jim Rickards and Rick Rule Talk Natural Resources



"In today's news, European Central Bank President Mario Draghi said policymakers will do what is needed to save the Euro. This comment was enough to spur a bout of market euphoria. But how do you invest around what a policymaker may or may not say? How do you hedge against volatility created by governments, central banks, and their central planners? We will talk to Rick Rule, Founder of Sprott Global Resource Investments and a leader in natural resource investing.

Also, former Citigroup CEO Sanford Weill, who helped build the behemoth Citigroup is today, now advocates for breaking up the big banks. We talk to our guest co-host Jim Rickards, Senior Managing Director at Tangent Capital Partners, about the significance and motivation behind Sanford Weill's statements.

Fidelity, Black Rock, and Vanguard, firms that collectively manage more than $7 trillion, are weighing legal action against the banks investigated for rigging Libor, according to Bloomberg. Could this mean more class action lawsuits are on the way?"


- Source:

http://twitter.com/coveringdelta



Monday, July 23, 2012

Libor Damages Could Destroy the Banking System


Investment banker and Wall Street insider James Rickards says the Libor rate rigging scandal "is the greatest fraud and greatest potential liability in history." He thinks rate rigging banks could be on the hook for "$2.5 trillion," and "The potential damages could destroy the banking system."

- Source: http://usawatchdog.com/

Thursday, July 12, 2012

U.S. Economy, Gold and Currencies



"James Rickards, senior managing director at Tangent Capital, talks about the U.S. economy, investment in gold and global currencies. Rickards speaks with Sara Eisen on Bloomberg Television's "Money Moves."

- Source: