Jim Rickards Death of Money

Jim Rickards interview on the World economy and the death of the current fiat monetary system.

 

We’re in a global depression. There’s a slow down in Japan, China, Europe and the U.S. — the whole world is in a global depression.

There’s enough fights to go around, but in a fight between the ECB (European Central Bank) and Germany, Germany wins. The ECB is only doing $2.5 billion worth of asset buying, while the FED has been doing almost $1 trillion a year.

So the ECB is going through the motions but they’re not doing anything like QE. They’re not buying soveirgn debt.

They’re buying some asset-backed securities, but there aren’t even enough of those to have much of an impact.

The ECB’s Mario Draghi is the best Central Banker in the world.

He understands that Central Banks are essentially impotent. When you’re impotent you have to talk a good game — so Draghi says little and does less.

 The U.S. FED is the opposite. They don’t understand how impotent they.

Interview With Jim Rickards - Inflation, China, Gold - October 10th, 2014

Interview With Jim Rickards - Inflation, China, Gold - October 10th, 2014

an exciting audio interview with James G. Rickards, New York Times best selling author, Fund Manager with the West Shore Group, and advisor to the Physical Gold Fund.

October 2014 Interview with Jim Rickards topics:

*Decline in labor force participation has hit a 4 decade low
*Yellens primary indicator is real wage growth
*Why the overall economy is weak
*Accuracy of Government Statistics
*Update on China
*Hacking and Asymmetric Cyber-Warfare
*The new M.A.D. is mutually assured financial destruction
*Why it makes sense to allocate to hard assets
*Why the next financial collapse will be exponentially larger than the last one
*The End Game, Part II

Ted Butler: Silver Nightmare Will Soon Be Over

Ted Butler breaks down what happened to the silver price recently



Halloween couldn't have been more terrifying for silver investors. The gray metal cracked under $16/oz on Friday, a price not seen for nearly half a decade.

For years now, it's seemed like silver was beaten up so badly its price couldn't go lower. But then it would.

Why has silver been beaten down so badly? (now down 2/3 compared to it's high in late 2011). And will it ever see brighter days again?

This weekend, Chris has a long discussion with silver expert Ted Butler on the real culprit behind the wild price slams that have plagued silver: unfairly concentrated positions within the derivatives market.

JP Morgan, corruption, silver manipulation, banks, commercials, physical delivery, short squeeze

#JPMorgan, #corruption, #silvermanipulation, #banks, #commercials, #physicaldelivery, #shortsqueeze #nakedshorting #bankrun #bullionbankrun