Tag Archives: SDR

  • Podcast

    Jim Rickards: The Coming Crisis is Bigger Than The Fed

    And will arrive within the next 3-5 years
    by Adam Taggart

    Sunday, April 13, 2014, 8:03 PM

    35

    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:

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  • Podcast

    Jim Rickards: We’re Witnessing One of the Greatest Failed Experiments in Economic History

    It all ends in the collapse of the dollar
    by Adam Taggart

    Saturday, September 21, 2013, 7:50 PM

    110

    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 U.S. 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":

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  • Blog

    A Recent Alert – Fed Prints a Trillion

    by Chris Martenson

    Saturday, March 21, 2009, 12:55 AM

    0

    Below is an alert I sent out on Wednesday evening.  I want everyone to see what is at the forefront of my thinking right now.

    I am busy writing up my next layers of thought around this development and will make that the basis of my next Martenson Report or two.  

    Why?  Because this recent action by the Fed is a "game changer."


    In a shocking development that I frankly hoped we’d never actually see, the Federal Reserve dropped a bombshell yesterday and announced that it is going to create an extra $1 trillion dollars out of thin air to support the spending desires of the US government and to drive down interest rates for mortgage borrowers.

    Of course, this will continue to punish savers and pension plans, but those, frankly, are of no concern to the Fed.

    Below I explore this outrageous turn of events. Please note that I have not had much time to digest this incredible news and that I reserve the right to add to (or amend) my thinking over the next few days.

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