Friday, May 31, 2013

I May Never See Another Rate Hike

“Bernanke’s not a trader, so he doesn't think like a trader, he has no exit plan. There’s a good possibility I may never see another rate hike in my lifetime”

- Jim Rickards, author of Currency Wars.

Wednesday, May 29, 2013

We Are in a Depression

“We don’t have to worry about a recession — we are in a depression,” says James Rickards.

“If you take the classic definition of a sustained, long-term downturn with economic growth below trend, then we are in the midst of a depression,” says the senior managing director of Tangent Capital and author of “Currency Wars.”

- Source, NYPost:

Saturday, May 25, 2013

The Wealth of Millions Could Be Decimated

James Rickards, a top adviser for the Pentagon and CIA, is sounding the alarm that America is on the brink of a global “financial war.”

“Rival nations and terrorist organizations are developing capabilities in unconventional warfare,” Rickards commented in a Newsmax interview. “Things like cyber warfare, biological or chemical warfare, and now, financial weapons of mass destruction.”

And this “financial war” is a battle America isn't prepared to win.

Rickards believes that as this conflict escalates, it will “cause oil to sky rocket above $190 a barrel, gold to surge to $3,000 an ounce, and, in its aftermath, it could completely decimate the wealth of millions.”

- Source,

Thursday, May 23, 2013

Forty Six Million Americans Survive on Food Stamps

"The Fed has released details grudgingly and some disclosures were forced by the Dodd-Frank legislation. Gradually the bailouts have been revealed as if a veil were slowly being drawn to display a densely formed mosaic. The bailouts have enriched stockholders, bondholders and CEO’s while unemployment remains at depression levels and forty-six million Americans survive on food stamps."

- Jim Rickards

Gourmet Emergency Meals at the BEST Price -

Tuesday, May 21, 2013

The Yen Has Lost 40% of It's Value

“Each country is degrading its currency in the hopes of spurring growth,” Rickards says. “Look at Japan. The yen has lost 40 percent of its value against the dollar in a very short period of time.”

- Source, NyPost:

Tuesday, May 14, 2013

The FED's Goals

"The Fed’s goals are to maintain nominal interest rates in the range of zero to 2% while seeking inflation in the range of 4%. The result will be negative real rates that encourage borrowing and an inflation scare that stimulates spending. The combination of lending and spending should increase velocity which, when combined with the already ample money supply, should expand nominal GDP in such a way as to ease the real burden of government debt and reduce the government debt-to-GDP ratio. This policy of slow, gradual inflation and negative real interest rates pursued over a ten to fifteen year period is considered an effective way to erase the burden of government debt without hyperinflation or default."

- Excerpt from Jim Rickards submitted testimony as a witness in the Senate Banking Committee’s Subcommittee

Long-Term Food Supply -

Thursday, May 9, 2013

Future of the International Monetary System

"Jim Rickards on the future of the international monetary system, speaking at the Sovereign Man: Offshore Tactics Workshop in Santiago, Chile."

- Source:

Saturday, May 4, 2013

Central Banks Fear Deflation

"The problem is when central banks fear deflation more than anything, they try everything to defeat it, so, you know, currency wars, money printing, zero-interest-rate policy, forward guidance, twist. They do everything they can. When they can't win the battle against deflation, they devalue the currency against gold because gold is the only thing that can't fight back.
If deflation prevails … they'll wake up one day and say gold's $4,000 an ounce, we're a buyer at $3,995."

- Jim Rickards via a recent CNBC interview:

Thursday, May 2, 2013

Gold at $4,000 an Ounce?

"To me, what's going on is there's a transition from weak hands to strong hands," he said, adding that sellers have included "Comex traders who have margin calls and stops, hedge funds that have non-permanent capital" and gold exchange-traded fund GLD. "They're all wrung out now."