Jim Rickards : Expect a Recession in 2014

Tangent Capital Partners senior managing director James Rickards sits with The Deal senior editor Jonathan Marino for a one-on-one at The Deal Economy, covering deals, the taper, and what's ahead in 2014.
China has a bubble and a Ponzi says Jim Rickards



James G. Rickards, Senior Managing Director of Tangent Capital and author of the New York Times best seller Currency Wars, was kind enough to share comment. James regularly consults with institutional fund managers, governments, and banking leaders worldwide, and participated in the Pentagon’s first ever, financial war games. As described in Currency Wars,

James Rickards

James’ indicates that when the financial wars intensify, “Russia and China [may] acquire massive amounts of gold and then ultimately announce a new gold backed currency,” requiring their trade to be conducted in the new currency as a way to marginalize the dollar.