Sunday, March 23, 2014
James Rickards -- Dollar Going to Collapse 80% or 90% or More
James Rickards, author of the new book, "The Death of Money," foresees big inflation because the U.S. dollar's buying power will shrink. Rickards predicts, "Imagine gas at $20 a gallon and bread at $10. That's what we're talking about." So, if big inflation is coming, what about gold? Rickards says, "When I say the price of gold is going to $7,000 or $9,000 per ounce, which I expect it will, what I am really saying is the dollar is going to collapse 80% or 90% or more." It did in the 1970's. None of this is unprecedented. It all happened before."
Rickards says, "When a collapse happens it will happen quickly. You won't see it coming. There won't be time to run out and buy gold, and it probably will not even be available at that stage. You need to prepare now."
Join Greg Hunter as he goes One-on-One with financial expert and Wall Street insider, James Rickards.
to much words about nothing, we are not in 1925,1927,1971, nether breton woods, this economist have a problem, the new 21 century, has nothing to do with the 20th, so all this ado for nothing is useless, the problem is the logic the reasoning of the aristocratic elite which is what universities do, create aristocrats for the media, banking sector, politicians, the elite of the elite 'you call them skulls and bones" so the economy of the modern aristocracy of money, is no longer working is kaput. unrecoupable, so humans as economist must evolve, the $ as a reserve currency will end, a new global reserve currency is a must in fact only option, (i propose the BREN 25% silver) so the domestic dollar "national" will be free from the $ as global reserve currency which is what allows bankers looters and others to have a permanent state of wars, create an indispensable recurrence of wars, they put "darwining ideologies survival of the fittest, which trasnlated to reality is creative destruction by bankers FMI,IMF. the IMF is more dangerous to human development than radiation. so evolve folks forget this economic blah blah from 19 century minds, formated from the aristocratic economical elite, to function on a straight line. today the shortest way from point a to point b is no longer a straight line.
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