Nouriel Roubini vs James Rickards

Nouriel Roubini also known as Dr. Doom Nouriel Roubini,decided to ask James Rickards, author of "Currency Wars," why he advocates for a return to the gold standard in his book "currency wars," when it was this return to gold that was a direct cause of the Great Depression. James Rickards responded by pointing out that it was not the return to gold, but rather the return to gold at the pre-WWI price that necessitated deflation, which exacerbated the depression. Nouriel then went to town on Rickards with, what became, full out, personal insults. He called James Rickards "arrogant" and said that the Wizard of OZ is a better read for those who want to understand the gold debate than Currency Wars.

- Sources:

www.rt.com

https://www.youtube.com/user/DocumentaryFull?feature=watch

The Fed Will Taper In September Or Never

To taper or not to taper. That is the question being asked at the Federal Reserve. Do we stop printing $85 billion per month, or not. And guess what?Today, we learned that half the voting members want it to end -- not even taper -- by year end. We talk with Jim Rickards about this and the big trouble in China.

Also, there are 12 members of the Federal Open Market Committee who vote on monetary policy eight times per year. The last meeting was on June 19th and it caused quite a stir. That's because we learned the committee was more bent on winding down QE -- so-called tapering. Well, the *minutes* of that meeting were released today, and they said half the members thought QE should *end* by year-end. This is the most descent at these meetings we've seen in years. Bob speaks with James Rickards, author of Currency Wars about mutiny at the Fed.

- Source, Russia Today:

www.rt.com

Destination For Gold is $7000

"It all depends on Fed policy," said James Rickards, managing director at Tangent Capital, who expects deflation fears to outweigh the Fed's desire to taper. Right now, he said, the fact that real rates are above inflation is a bearish signal for gold, and expectations of continued policy tightening is also pushing down prices.

"The case for buying gold is that the Fed is going to back off," he said. "They're not going to taper later this year. They'll actually going to increase asset purchases because deflation is winning the tug of war between deflation and inflation. Deflation is the Fed's worst nightmare."

"In the next two months, the Fed is going to make it clear that they will not taper," he predicts. "That's very bullish for gold."

Aside from Fed policy, Rickards expects China to start buying gold at these low levels, up to perhaps 4,000 tons. "People will say 'Why is China buying gold if it's so worthless?' " he said.

Rickards said that the destination for gold is $7,000 per ounce, although tightening of Fed policy could drive it down to $1,000 on the way there.

- Source, CNBC:

http://www.cnbc.com

The Bottom in Gold is Near

Jim Rickards, Tangent Capital, and Tom McClellan, The McClellan Market Report, debate whether there are reasons to "be in love" with the precious metal at this time.

- Source, CNBC:

http://www.cnbc.com/id/100849428

Wages Are Globally Competitive

Now that wages are globally competitive, Chinese capital and German technology will move in quickly, create jobs.

- James Rickards via Twitter:

https://twitter.com/JamesGRickards

U.S Depression May Last for Decades

Greek depression almost over. Sharp & hard; great recovery potential. U.S. depression may last decades, like Japan.

- Jim Rickards via his Twitter feed:

https://twitter.com/JamesGRickards

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:

http://mcalvanyweeklycommentary.com/

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:

https://twitter.com/JamesGRickards

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:

https://twitter.com/JamesGRickards

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:

http://www.bloomberg.com/video/bear-and-bull-the-great-bitcoin-debate-yOOpf~n4TQqRl~K_I~Tg6A.html

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:

http://www.kitco.com/news/video/

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:

http://www.iiss.org/en/events/events-s-calendar/james-rickards-7a6e

1 Pound .999 Copper Bullion Bar: (Long Style) @ Great Price