Jim Rickards : $100 Trillion American Economic Collapse

 
In an exclusive interview with Money Morning, Jim Rickards, the CIA's Financial Threat and Asymmetric Warfare Advisor, has stepped forward to warn the American people that time is running out to prepare for this $100 trillion meltdown.

"Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one," he said.

"But all signs are now flashing bright red that our chickens are about to come home to roost."

During the discussion, Rickards shared a series of dangerous signals he fears reveals an economy that has reached a super critical state.

One of the signals the CIA is most concerned with is the Misery Index.

Decades back this unique warning sign was created for determining how close our country was to a social collapse. It simply adds the true inflation rate with the true unemployment rate.

However, the Federal Reserve has repeatedly changed the way the Misery Index has been calculated over the years. Which Rickards believes is now being used to cover up the true scope of the problem.

Long-term Economic Depression
"Today you rarely hear the government talk about the Misery Index with the public," Rickards said. "The reason is they may not want you to know the truth. And the truth is, the Misery Index has reached more dangerous levels than we saw prior to the Great Depression. This is a signal of a complex system that's about to collapse."

Frightening: Single chart reveals which banks could collapse (and how soon). If your life savings is in a major bank, please look at this now.
During the shocking interview Rickards revealed the 5 dangerous "flashpoints" the Intelligence Community is closely monitoring that they believe will unleash this catastrophe.

And he also described how it would all unfold.

"I expect the first phase will appear as a nearly instantaneous 70% stock market crash. From the outside, nobody will see it coming." Rickards explained.

"Once it becomes clear that it's not a flash crash – it's a systemic meltdown in the economy itself, that's when the gravity of the situation will sink in. And there will be no digging out from it.

"$100 trillion is a conservative estimate for the damage. A lot can happen over 25-years as our country struggles to recover from this."



The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Jim Rickards on Russia and The Currency Wars: The Making of the Next Global Crisis

The Death of Money: The Coming Collapse of the International Monetary System


Inflation in Japan dropped to a 14-month low in the month of November. The disinflation comes as a relief to consumer who, since April, have been struggling with an increased consumption tax, which put a squeeze on many household finances. It was the first consumption tax in 17 years. However, the latest fall in the core consumer price index – to 0.7% in November, down from 0.9% in October – will cause some concerns for the central bank, which has staked its credibility on hitting a 2% inflation rate within two years. Erin weighs in.

Then, Erin is joined by Jim Rickards – chief global strategist at West Shore Funds and author of “The Death of Money.” Jim tells us if he thinks the Ruble rout is a crisis similar to those of 1998 or 2008 and gives us his take on the strong dollar.

After the break is Defining Moments, featuring comments made by recent Boom Bust guests David Collum, Jim Grant, Steve Hanke, Eswar Prasad on IBM, the Federal Reserve in 1920, emerging markets, Raghuram Rajan, and US GDP.

And in The Big Deal, Erin and Edward Harrison are taking a look at some of the biggest deals of 2014. Enjoy!




The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Jim Rickards on Economic Crisis in America and Europe & Collapse Oil Prices

Erin sits down with Jim Rickards – author of “The Death of Money” and chief global strategist at West Shore Funds – to discuss the US and Europe. In October, data coming out of the US demonstrated lower mortgage yields and a surge in refis added to 4-year lows in gas prices to give consumers more disposable income. Jim tells us what he thinks of the new data and also gives us his thoughts on divisions at the ECB. He also projects how far Chinese growth will have to fall in order to make a successful rebalancing a possibility and gives us his prediction on what will happen if oil prices continue to stay weak.


The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Jim Rickards on The Financial Collapse of 2015

Jim Rickards on Europe and the US economy



Erin sits down with Jim Rickards – author of “The Death of Money” and chief global strategist at West Shore Funds – to discuss the US and Europe. In October, data coming out of the US demonstrated lower mortgage yields and a surge in refis added to 4-year lows in gas prices to give consumers more disposable income. Jim tells us what he thinks of the new data and also gives us his thoughts on divisions at the ECB. He also projects how far Chinese growth will have to fall in order to make a successful rebalancing a possibility and gives us his prediction on what will happen if oil prices continue to stay weak.


The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Project Prophecy 2.0 with Jim Rickards

"Trillions of dollars in debt", but no-one ever asks. who owns that debt? The banking cartels own that debt. It is time for the American people to default on the fiat currency loans give the bankers the finger and send them packing back to England.







The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Economic Collapse Starting in 2015?

Financial collapse 2015 it's the year of the shemitah ..happens every 7 years ..we had it in 08 wtc 01 ..the congress in USA just passed a bill stating that bail ins are implemented in the derivatives buble meaning that the cabal wall st gonna take ur money from bank to cover their losses.another note is that there is a super red blood moon on Sep 13/2015.sign from the heavens 




Jim Rickards once worked for the CIA and also was once part of a a USA government program called called 'Project Prophecy.' He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse? Does anything he advises agree with Bible prophecy? What does the Bible show is coming? Does the Bible show a future collapse of the USA dollar? What about the Euro, silver, or gold? Dr. Thiel addresses these.

The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Jim Rickards: Obama Ending Alliance with Saudi Arabia and Killing the Petrodollar

At the San Antonio Casey Research Summit, Jim Rickards sat down with Alex Daley to talk about the pain ahead for the US Dollar, why we'll soon see SDRs, and other harbingers of the Death of Money.




I sat down with Jim Rickards, author of many best-selling economics and investing books, including his latest, titled The Death of Money. In this exclusive interview, Jim shares his view on the changes in US foreign policy—the newly announced partnership with Iran to help fight ISIS and recent moves away from the petrodollar deal with Saudi Arabia—and what they mean for the dollar, gold, and investment markets in general. This interview just scratches the surface of the topics Jim covered in his speech at the most recent Casey Research Summit in San Antonio. You can grab a complete recording of that speech, and all 25 of the others, in the Summit Audio Collection, which is on sale with a juicy preorder discount for just a few more days.
James G. Rickards is an American lawyer, economist, and investment banker. He is a regular commentator on finance, and is the author of The New York Times bestseller Currency Wars: The Making of the ... Wikipedia

Jim Rickards: Central Bankers are Impotent

Erin is joined by Jim Rickards – author of “The Death of Money” and chief global strategist at West Shore Funds. Data coming out of the US demonstrates lower mortgage yields and a surge in refis are adding to 4-year lows in gas prices to give consumers more disposable income. Jim says this isn’t as bullish as us what he thinks of the new data and also gives us his thoughts on divisions at the ECB.

The Coming Stock Market Crash and The Death of Money with Jim Rickards

Jim Rickards, acclaimed author of Currency Wars, to discuss his NY Times bestseller, The Death of Money: The Coming Collapse of the International Monetary System. Jim Rickards discusses a number of aspects of the book, including that the international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971.James Rickards breaks down the global currency wars and shares insight into what it means for the ordinary person.

Jim Rickards: The Fed Will Start QE4 In 2015

Best-selling author Jim Rickards joins Kitco News to speak about gold’s recent price action. “To me, gold is a form of money […] Every currency in the world, including gold […] are down against the dollar,” he says. “So I don’t really think it’s a gold story, I think it’s a dollar story.” Rickards adds that the real question is whether or not the high dollar is sustainable. “This is very deflationary from a U.S. perspective. This is actually the Fed’s worst nightmare; the Fed needs inflation.” Rickards says he thinks the dollar is very close to a high and, in turn, gold is nearing an interim low. Although he says that a bounce is in order, the question is when? Tune in now to find out what Currency Wars & The Death of Money author Jim Rickards has to say

Jim Rickards : Obama Ending Alliance with Saudi Arabia and Killing the Petrodollar

At the San Antonio Casey Research Summit, Jim Rickards sat down with Alex Daley to talk about the pain ahead for the US Dollar, why we'll soon see SDRs, and other harbingers of the Death of Money.

Jim Rickards on the CIA and financial warfare

Author and economist Jim Rickards tells Erin how the CIA and US government should prepare for financial warfare.

Jim Rickards on The Currency Wars

Jim Rickards on the currency wars and Mosler on Saudi oil price cuts





Even as the unemployment rate drops, foreclosures dwindle, and the economy slowly recovers from the Great Recession, financial insecurity is on the rise in American urban areas according to a study conducted by the Corporation for Enterprise Development. Nearly half of all households in major cities don’t have enough money saved to cover essential expenses in an emergency. Erin weighs in. Then, Erin sits down with Warren Mosler, president of Valance Incorporated, to discuss the many issues surrounding the US economy, the Fed, and employment. Of particular note are Mosler’s views on the recent price cut in Saudi crude prices and the negative impact it could have on production of shale oil in tight oil formations in the US. After the break, Erin talks to frequent Boom Bust guest Jim Rickards to get a hold on currency wars – specifically regarding the Euro. He argues that the currency wars wax and wane but they are always there. Right now the currency wars are back in the spotlight. And in The Big Deal, Erin and Edward Harrison discuss Alibaba’s record-breaking IPO. Do big IPOs outperform the market? No, they underperform if you look at the historical record.

Max Keiser and Jim Rickards - Currency Wars and the Death of Money

Max interviews Jim Rickards, author of Currency Wars, about central bank vaporware, straws in the dollar wind and about how Janet Yellen is to Ben Bernanke as Miley Cyrus is to Lady Gaga - trashier than the original. James Rickards, author of the new best-selling book called "The Death of Money," says the financial collapse will happen, but he is not sure of when it will come. Rickards explains, "It is the thing you won't see coming that will take the system down. Things happen much more quickly than what investors expect." Rickards adds, "What will happen in gold is that it will chug along and then all of a sudden--boom. It will be up a $100 an ounce, and then the next day it will be up another $200 an ounce. Then everyone will be on TV saying it's a bubble—boom. It's up $300 an ounce and, before you know it, it will be up $1,000 per ounce. Then people will say gee, I better get some gold, and they'll find out they can't get it because the big guy will get it. You know, like central banks and sovereign wealth funds will be able to get the gold. The typical investor will run down to the coin shop and they will be sold out, and the U.S. Mint will say sorry we're not shipping. You're going to find out you can't get it because the whole thing is set up for massive shortages in supply."

The Global Economy Is In a Depression -- Jim Rickards

Jim Rickards, author of The Death of Money, was interviewed on RT. Jim checks off a daunting list of countries around the world experiencing economic difficulties and offers analysis of what is really going on.

What’s happening in Germany is happening all over the world. Germany’s economy contracted… Italy’s already contracted. France has two quarters in a row of zero GDP. The United States in the first half [of 2014]… did not even grow 1%… China is slowing down, and of course, Japan fell off a cliff. If you look around the world, it looks like we’re going into a global recession, except I would say this is a continuation of a global depression that began in 2007… This is not a normal recovery, not a normal business cycle…

The Eurozone has been in a depression since the financial crisis and economic growth within Euroland has been much worse than in the US. As economic growth in the second quarter of 2014 came in at zero, Europe doesn’t seem to be breaking out of this "depression" anytime soon. Erin weighs in. Then, Erin talks to author and economist Jim Rickards, who is bullish on Europe’s political cohesion and nowhere near as downbeat on its economy as others. Take a look at what he has to say about it. After the break, Erin is joined by RT correspondent Manila Chan to figure out where Atlantic City went wrong and explore any possibilities – if any – they have left. And in Best of the Week, Erin reviews some of the week’s greatest segments including commentary from William White, Bruce Schneier, Dan Geer, and Kate Pearce – ranging from opinions on quantitative easing to mass surveillance. Enjoy!

Jim Rickards: BRICS Development Bank A Significant Step Away From The Dollar

Jim Rickards, author of the best-seller Currency Wars, sees the world's central banks embroiled in a "race to debase" their currencies in order to restore -- at any cost -- growth to their weakened economies.

In the midst of the fight, the US Federal Reserve wields oversized power due to the dollar's unique position as the global reserve currency. As a result, actions by the Fed create huge percussive ripples across the battlefield, often influencing events in ways little understood by the players -- and especially by the Fed itself.

In Rickards' words, the policymakers at the Fed "think they are dialing a thermostat up and down, but they're actually playing with a nuclear reactor -- and they could melt the whole thing down".

Jim Rickards : Very bad News for The Dollar

'Very bad news for dollar': Bucks slipping as world's reserve currency





The biggest energy deal in history could be the catalyst that leads to the greenback losing its place as the world's reserve currency. That's the opinion of a range of economists commenting on Russia and China's 400 billion dollar natural gas agreement. James G. Rickards, senior managing director at Tangent Capital, joins RT to discuss this issue.

Jim Rickards : The Coming Crisis is Bigger Than The Fed

James Rickards, financier and author of the excellent cautionary best-seller Currency Wars, has recently released a follow-on book: The Death of Money: The Coming Collapse of the International Monetary System. In it, Jim details how history provides plenty of precedent for the collapse that has begun amidst the major world currencies.

The historical progression is predictable enough that Jim is comfortable claiming that the next economic crisis we face will be bigger than the ability of the Federal Reserve (and the other world central banks) to contain it. And that such a calamity will happen within the next five years.

James G. Rickards, Senior Managing Director of Tangent Capital and author of the New York Times best seller Currency Wars. 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’ 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.

The Death of Money with Jim Rickards

Our lead story: The International Monetary Fund trimmed its outlook for global economic growth in 2014. But the one place not engulfed by this gloomy outlook is the UK, which the IMF expects to grow by 2.9% in 2014. Erin brings you the details.

Erin then sits down with economist and author Jim Rickards on his new book, "The Death of Money: The Coming Collapse of the International Monetary System." We ask Rickards about the threats to the US dollar in his book. It covers the IMF, emerging markets, and the Fed, among other things. Don't miss it.

For today's Big Deal, Edward Harrison and Erin discuss how Apple, Google and other big tech companies allegedly fixed the high tech labor market. Check it out.

Jim Rickards: The Death of Money

Wall St for Main St interviewed Jim Rickards, Managing Director of Tangent Capital and the author of "Currency Wars". Jim also has a new book that he published called "The Death of Money"

In this podcast, we discussed current events that occurred after Currency Wars was released. We discussed Japan economic woes and the potential for them to be the first to collapse from currency wars and we also asked Jim about financial warfare going between the East and West.

Wall St for Main St also discussed High Frequency Trading and the impact it has on the market and we talked about high demand for gold from the East and what it means for the U.S. dollar. Plus much more!