Thursday, March 29, 2018

The Gold Chronicles with Jim Rickards and Alex Stanczyk

How BLS jobs data largely being mis-read by financial media 

*Why all current narratives in the financial media are missing the true causes of early Feb US stock markets correction *Why Atlanta Fed analysis is more of a nowcast than a forecast 

*Why exploding sovereign debt and debt to GDP ratio are critical to market stability in the next few years 

How student loans are a $1.5T problem with a significant default rate *What the two critical confidence boundaries are, and how they might be crossed

*3 Yr playbook - not a forecast but a potential scenario 

*Why the idea that Central Banks dont need capital would be challenged in a collapse of confidence

Monday, March 26, 2018

Jim Rickards: Where is Gold Going in 2018? The Ultimate Gold Panel

Hosted by Kitco News at the 2018 VRIC. Rick Rule, Peter Hug, and Jim Rickards join a panel where they discuss the direction that gold is heading throughout 2018 and beyond.

In addition to this, they break down a number of key issues that are affecting the markets and some that have not yet come to pass...

What is the end game?

- Source, Cambridge House

Monday, March 19, 2018

It's Not Just Jim Rickards, I Prescribe To $10,000 Gold

The imminent collapse of modern currencies will push gold up to $10,000 an ounce, assuming central banks resort back to a gold-backed monetary system, said Byron King, editor of Jim Rickards’ Gold Speculator. 

“If you take the global money supply, back it with 40% gold, you need $10,000 gold to make the math work, and that’s just using a 40% backing,” King told Kitco News on the sidelines of the PDAC 2018. “And it has to do with the eventual demise of modern currencies.”

Byron noted that gold stocks at current valuations are much more attractive now than they were two years ago, and said that today’s miners are backed by “better numbers” and “smarter geologists.” “We are in a new gold bull cycle, we’re in a blip of six or eight month downturn, but it will turn around. 

These are fundamentally good companies with great value behind them,” he said.

- Source, Kitco News

Thursday, March 15, 2018

Jim Rickards explains the day after plan... Forget gold, Silver is going out of sight.

How should you be preparing for the big one? An economic collapse looms on the horizon, but many are simply unprepared. Don't be caught off guard, heed Jim Rickards latest advice and take action before you are completely and utterly wiped out.

- Video Source

Monday, March 12, 2018

Gold: The Once and Future Money with James Rickards

James Rickards joins Cambridge House International, where he discusses how gold has dominated the financial scene throughout history and how it will once again rise from the ashes and take back its rightful throne. Gold is coming.

- Video Source

Friday, March 9, 2018

Rickards: First Came Currency War, Now Trade War, Then Shooting War

A popular thesis since the 1930s is that a natural progression exists from currency wars to trade wars to shooting wars. Both history and analysis support this thesis.

Currency wars do not exist all the time; they arise under certain conditions and persist until there is either systemic reform or systemic collapse. The conditions that give rise to currency wars are too much debt and too little growth.

In those circumstances, countries try to steal growth from trading partners by cheapening their currencies to promote exports and create export-related jobs.

The problem with currency wars is that they are zero-sum or negative-sum games. It is true that countries can obtain short-term relief by cheapening their currencies, but sooner than later, their trading partners also cheapen their currencies to regain the export advantage.

This process of tit-for-tat devaluations feeds on itself with the pendulum of short-term trade advantage swinging back and forth and no one getting any further ahead.

After a few years, the futility of currency wars becomes apparent, and countries resort to trade wars. This consists of punitive tariffs, export subsidies and nontariff barriers to trade.

The dynamic is the same as in a currency war. The first country to impose tariffs gets a short-term advantage, but retaliation is not long in coming and the initial advantage is eliminated as trading partners impose tariffs in response.

Despite the illusion of short-term advantage, in the long-run everyone is worse off. The original condition of too much debt and too little growth never goes away.

Finally, tensions rise, rival blocs are formed and a shooting war begins. The shooting wars often have a not-so-hidden economic grievance or rationale behind them.

The sequence in the early 20th century began with a currency war that started in Weimar Germany with a hyperinflation (1921–23) and then extended through a French devaluation (1925), a U.K. devaluation (1931), a U.S. devaluation (1933) and another French/U.K. devaluation (1936).

Meanwhile, a global trade war emerged after the Smoot-Hawley tariffs (1930) and comparable tariffs of trading partners of the U.S.

Finally, a shooting war progressed with the Japanese invasion of Manchuria (1931), the Japanese invasion of Beijing and China (1937), the German invasion of Poland (1939) and the Japanese attack on Pearl Harbor (1941).

Eventually, the world was engulfed in the flames of World War II, and the international monetary system came to a complete collapse until the Bretton Woods Conference in 1944.

Is this pattern repressing itself today?

Sadly, the answer appears to be yes. The new currency war began in January 2010 with efforts of the Obama administration to promote U.S. growth with a weak dollar. By August 2011, the U.S. dollar reached an all-time low on the Fed’s broad real index.

Other nations retaliated, and the period of the “cheap dollar” was followed by the “cheap euro” and “cheap yuan” after 2012.

Once again, currency wars proved to be a dead end.

Now the trade wars have begun. On Thursday, July 27, the U.S. Congress passed one of the toughest economic sanctions bills ever against Russia.

This law provided that U.S. companies may not participate in Russian efforts to explore for oil and gas in the Arctic. But it went further and said that even foreign companies that do business with Russia in Arctic exploration will be banned from U.S. markets and U.S. contracts.

These new sanctions pose an existential threat to Russia because depends heavily on oil and gas revenue to propel its economy.

Russia has vowed to retaliate...

- Source, James Rickards

Monday, March 5, 2018

Jim Rickards: Fed Policy Implications for 2018

Jim Rickards discusses the recent action witnessed by the FED and how reckless they have truly become. How will this all play out? Will it result in another 2008 disaster?

- Video Source

Friday, March 2, 2018

Michael Pento Talks to Jim Rickards - What Happens When This All Unravels?

Michael Pento sits down with best selling author and National security expert Jim Rickards to talk about North Korea, debt the stock markets and when this all unravels.

- Source, Michael Pento