Friday, December 30, 2016

Jim Rickards: Trump’s Stimulus Plan Not Happening

Economist Jim Rickards appeared on CNBC’s “Squawk Box” outlining his 2017 predictions for rate hikes, Trump stimulus, and the coming US recession. Rickards believes the markets are unwittingly pricing in a stimulus plan that will never materialize.

“Trump wants to cut taxes. Steve Bannon is talking to his advisors about a trillion dollars of infrastructure spending, cutting regulations. All of these things are viewed to be highly stimulative. That’s why the market is going up. Pharmaceuticals are going up on the repeal of Obamacare, banks going up on the repeal of Dodd-Frank.”

The markets and the Fed have the perception that tax cuts and spending will continue despite the realities of a fiscally conservative congress, a $20 trillion of debt and a 104% debt-to-GDP ratio.

“But here’s the point,” Rickards states, “the stimulus is not going to come… Congress has already said tax cuts have to be revenue neutral. That’s going to take away the simulative effect. They’re going to balk at more spending.”

While a March rate hike is likely, according to Rickards, the Fed will backpedal when the market corrects or when the next recession hits. “Then the Fed will backpedal from there, starting with forward guidance and perhaps a rate cut later in the year.”

In such a situation, the scramble to move assets into wealth-preserving instruments like physical gold and silver will begin again. 2016 saw this movement many times by investors looking for safe havens. If Rickards is correct in his predictions, 2017 is likely to be a repeat of the same.

Saturday, December 17, 2016

The Global Elites Secret Plan for the Next Financial Crisis

Oxford Club Radio 10.17.16 interviews Jim Rickards on his latest book: The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis.

Wednesday, December 14, 2016

Discussing the Elite Agenda & Trump Victory with Jim Rickards

We're always excited to get the biggest name in alternative investing news, Mr. James G. Rickards, and this time comes most opportune with the election around the corner. Jim gives his stunning prediction for a Trump victory and subsequent unavoidable world fiat currency crisis where the elite's agenda will be to implement the IMF SDR as the new world reserve currency. Don't miss this time sensitive info and how to protect yourself (gold to $10,000!) from it!

Saturday, December 10, 2016

Monetary Tricks No Longer Work - Jim Rickards

If you hold the keys-to-the-kingdom and someone comes along and request that you share those keys what are the odds you are going to honor such a request? Let's say you posses the power, financially and militarily, to bully whoever you would like, along with the keys-to-the-kingdom. 

Why would you even entertain the idea of sharing? If you already hold all the power why would you even entertain any such idea? Odds are, not going to happen.

- Source, The Daily Coin

Saturday, December 3, 2016

They're Going To Lock Down The System

This week, seasoned financier, risk manager and author Jim Rickards returns to the program to share the predictions from his new book The Road To Ruin: The Global Elite's Secret Plan For The Next Financial Crisis.

Rickards warns of a coming confidence boundary in central bank omnipotence. Once breached, trust and belief in the central banking cartel quickly vaporizes. Rickards predicts that boundary will be crossed by 2018 or sooner; and when it is, the entire financial system will go into lockdown, freezing access to our money.