James Rickards is the author of the national bestseller, Currency Wars: The Making of the Next Global Crisis and a Partner in JAC Capital Advisors, a hedge fund based in New York. He is a counselor and investment advisor and has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He has been interviewed in The Wall Street Journal and has appeared on CNBC, Bloomberg, Fox, CNN, BBC and NPR and is an Op-Ed contributor to the Financial Times, New York Times and Washington Post. Mr. Rickards is a visiting lecturer at Northwestern and the School of Advanced International Studies, has delivered papers on risk at Singularity University, the Applied Physics Laboratory and the Los Alamos National Laboratory and has written numerous articles on risk management. He is an advisor on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in economics from SAIS and a B.A. from Johns Hopkins.
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Yea, ok. But the stock market is hitting record highs despite the doom and gloom.
I am not sure the gold is still there. Why not audit it? Remember the tungsten bars coated with gold. We need a full assay as Ron Paul requested would cost approximately 5.5 million dollars at the time but they won't do it. From what I understand as well Ft. Knox is not guarded like it once was so why would that be? I think they shipped it to the Chinese to buy time on the reset.
A local tractor dealer is having a land office run on new tractors and implements. He says that people want to get ahead of inflation
I remember the inflation of the 70's. As a high school student I could spend my 35 dollar weekly wage on 1 hour of airplane flight lessons and put gas in my car at .35 per gallon. I also paud my car insurance with that same check. I purchased a used 1965 Ford Mustang for $375.00. At the age of 21 in 1974 I purchased 40 acres of property in West Michigan for 6k. Thats $150.00 an acre
I was told by some of the locals that I paid twice what it was worth.
Go figure.
Everybody in the whole world wants dollar as safe asset, maybe safer than the gold.
Wish FED print 10 times more dollars so that I can get some also.
And everybody will chase dollar like crazy…