James Rickards : U.S. Dollar Is Headed for a Collapse Worse Than 2008

Tune in for an informative discussion on the fate of the U.S. dollar. James Rickards recently stressed the dollar is heading for a collapse of 90% or more. What does this mean for the global economy and your savings accounts? Fed Chairman, Janet Yellen announced in the last Fed meeting future plans to raise interest rates. Learn about the risks higher interest rates create for the markets. This week, the markets eagerly await for Friday's non-farm payroll data. There are important factors investors must consider before buying and selling precious metals. Listen for these factors and the number one mistake most investors make when moving into the precious metals market.
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.