Saturday, June 29, 2013

Currency Wars and $7000 Gold

-Outcomes: Conflict, chaos or a gold standard?
-2008 crisis risks magnified
-Danger: Fed gets more than bargained for

- Source, McAlvany:

Tuesday, June 25, 2013

FED Forecasts Consistently Wrong

"Fed’s expectation of tapering is based on their forecast. But, their forecasts have been consistently wrong. Don’t expect growth or tapering."

- James Rickards via his twitter feed:

Sunday, June 23, 2013

Gold Banks Scare Little Guy

"Gold banks scare little guy to sell GLD, redeem for physical, sell physical to Asia at a premium. Nice work if you can get it."

- Via Jim Rickards Twitter Feed:

Friday, June 21, 2013

The Great Bitcoin Debate

Ribbit Capital's Micky Malka and Tangent Capital Partners Jim Rickards debate the pros and cons of bitcoin from the Bloomberg Link Next Big Thing Summit in Half Moon Bay, CA.

- Source, Bloomberg TV:

Thursday, June 13, 2013

Nouriel Roubini Doesn't Understand Gold

Following some heated Twitter debates w/ Nouriel Roubini, James Rickards, author of "Currency Wars: The Making of the Next Global Crisis" spoke w/ Kitco News' Daniela Cambone to counter Nouriel Roubini's prediction that gold will drop to $1,000 by 2015. Aside from his rebuttal of Roubini's call, Rickards discusses his open Twitter exchanges w/ Roubini which the two have recently become known for, and sheds some light on the nature and origin of their debate. Furthermore, Rickards examines Roubini's six-prong analysis, which is the premise of Roubini's call for $1000 gold and further significant price drops; Rickards explains why he believes market fundamentals may prove otherwise.

- Source, Kitco News:

Monday, June 3, 2013

Economic Shifts, Financial Shocks and Currency Wars

"When one increases the scale of a complex system the risk of collapse rises even faster. This is not speculation, it is sound theoretical science. Unless society takes immediate steps to reduce the scale of today’s complex capital markets by breaking up banks and banning derivatives it faces a catastrophic collapse on a par with the Bronze Age or Ancient Rome.

Unknown to most observers is that the financial dangers of 2008 have not gone away, in fact, the situation is worse. The biggest banks are even bigger with a larger share of total bank assets. The taxpayers bailed out the system in 2008 and got nothing in return except the prospect of having to do it again. If the system is riskier and more dangerous than it was in 2008, where will the next collapse begin? What domino will cause the other dominoes to fall? A survey of the big three currency areas – Europe, China and the United States – provides a foundation for understanding why real risks remain and a new catastrophe is looming."

- James Rickards via IISS confernce, read the full presentation here: