Showing posts with label Jim Rickards. Show all posts
Showing posts with label Jim Rickards. Show all posts
Saturday, September 18, 2010
Jim Rickards on CNBC Gold Target of $5,000 - $11,000
Jim Rickards on CNBC Squawk Box discussing China and the currency issue. Jim also talked about his gold target of $5,000 - $11,000/oz and they acted like he was crazy. Rickards also said all fiat currency will collapse, including the dollar.
Tuesday, September 7, 2010
Jim Rickards interview on King World News + An Exclusive Essay For King World News Blog
Thursday, July 1, 2010
Jim Rickards - Financial Equivalent of the Atomic Bomb on Eric King's King World News
To hear the recent in-depth interview with Jim Rickards on King World News CLICK HERE
Jim Rickards - Financial Equivalent of the Atomic Bomb
There are legitimate concerns over the safety of citizens in the event of a financial collapse in the United States where confidence is lost and the dollar plunges. We are mired in a depression, and the central planners continue to look for solutions to keep the monetary system from completely buckling. In his latest interview, Jim Rickards warned of a coming financial catastrophe and civil unrest. This was a portion from that sobering interview:
July 1, 2010
Jim Rickards: "But that could be a very chaotic process...Some people did die, there were riots in the streets. I mean people think that this is far fetched, and there is always the attitude that it can't happen here. But I know in my own lifetime you know in 1970 and '71, I mean I saw armored personnel carriers with armed troops in the streets of Georgetown, tear gas on the mall, civilians rounded up, and there weren't enough jails to put them in, so they herded them into RFK Stadium. I mean this sounds like scenes from Allende's Chile, but they were actually scenes from the Nixon administration from Washington in the early 70's."
Eric King: "Those people that were rounded up, that was in the tens of thousands wasn't it?"
Jim Rickards: "Correct, right, this is not fantasy, this is not fringe thinking. These are concrete facts. I mean I saw them with my own eyes, I don't need a historian to tell me what happened. I was there, and when you tamper with very fundamental things such as the value of your currency which everyone uses to make all of their investment decisions, all of their economic decisions, all of their job decisions, people are basing all of that on a unit of value and when you undermine the unit of value you undermine the entire economy, and from that you can very easily slip into civil disorder. It's fair to give people warning about that."
As mentioned in Jim Rickards interview with King World News, this week, here is the promised link to his 40 page piece “Economics and Financial Attacks” - (Attacks in this line of operation include targeting or acquiring sensitive financial, trade, or economic policy information, proprietary economic data, or critical technologies, and the potential impact to national security.)
Jim was asked not only to attend, but also to put together the above piece, be a speaker, and to sit on discussion panels at the high level Unrestricted Warfare Symposium. This was a gathering of the leading figures from the military intelligence community.
Jim gives a hypothetical description of the Russian Central Bank introducing a gold backed currency which would cause an overnight massive devaluation of the US dollar. Jim described this as the financial equivalent of the atomic bomb.
Eric King
KingWorldNews.com
Strength In Gold A Surprise To Many Traders
We stand at a moment in history which is characterized by the decline of Keynesian economics, and a reminder globally that paper currencies are inherently worthless. As confidence continues to erode, central planners are looking for a fix, and finally we are seeing discussion in the mainstream media that we will have some form of a gold backed currency.
June 30, 2010
Although gold has pulled back off the highs, sentiment is anything but giddy among retail investors. Gold stocks have lagged the price of gold, and many quality juniors are trading for next to nothing.
Many professionals are looking for a correction or even a significant decline in the price of gold. Yes gold is extended, but bull markets can get overbought and stay overbought. What would make for an interesting summer is for gold and gold shares to take off to the upside catching many professionals by surprise.
Let’s not forget silver. Yes silver is about $2.50 from a hitting a new high in this secular bull market, but silver can move violently so that could happen quickly.
Consolidation is coming to the mining sector. Many quality juniors will be taken out by mid-tiers and majors. The interesting thing is that many less experienced investors are selling out of their juniors right before this consolidation takes place.
Remember that bull markets always surprise on the upside, so never give up your position. If you are afraid of your positions because you think gold will fall you have missed the point and probably will never make any money in the markets.
Buy and hold during secular bull markets and stop worrying about gyrations in price.
Eric King
KingWorldNews.com
Jim Rickards - Financial Equivalent of the Atomic Bomb
There are legitimate concerns over the safety of citizens in the event of a financial collapse in the United States where confidence is lost and the dollar plunges. We are mired in a depression, and the central planners continue to look for solutions to keep the monetary system from completely buckling. In his latest interview, Jim Rickards warned of a coming financial catastrophe and civil unrest. This was a portion from that sobering interview:
July 1, 2010
Jim Rickards: "But that could be a very chaotic process...Some people did die, there were riots in the streets. I mean people think that this is far fetched, and there is always the attitude that it can't happen here. But I know in my own lifetime you know in 1970 and '71, I mean I saw armored personnel carriers with armed troops in the streets of Georgetown, tear gas on the mall, civilians rounded up, and there weren't enough jails to put them in, so they herded them into RFK Stadium. I mean this sounds like scenes from Allende's Chile, but they were actually scenes from the Nixon administration from Washington in the early 70's."
Eric King: "Those people that were rounded up, that was in the tens of thousands wasn't it?"
Jim Rickards: "Correct, right, this is not fantasy, this is not fringe thinking. These are concrete facts. I mean I saw them with my own eyes, I don't need a historian to tell me what happened. I was there, and when you tamper with very fundamental things such as the value of your currency which everyone uses to make all of their investment decisions, all of their economic decisions, all of their job decisions, people are basing all of that on a unit of value and when you undermine the unit of value you undermine the entire economy, and from that you can very easily slip into civil disorder. It's fair to give people warning about that."
As mentioned in Jim Rickards interview with King World News, this week, here is the promised link to his 40 page piece “Economics and Financial Attacks” - (Attacks in this line of operation include targeting or acquiring sensitive financial, trade, or economic policy information, proprietary economic data, or critical technologies, and the potential impact to national security.)
Jim was asked not only to attend, but also to put together the above piece, be a speaker, and to sit on discussion panels at the high level Unrestricted Warfare Symposium. This was a gathering of the leading figures from the military intelligence community.
Jim gives a hypothetical description of the Russian Central Bank introducing a gold backed currency which would cause an overnight massive devaluation of the US dollar. Jim described this as the financial equivalent of the atomic bomb.
Eric King
KingWorldNews.com
Strength In Gold A Surprise To Many Traders
We stand at a moment in history which is characterized by the decline of Keynesian economics, and a reminder globally that paper currencies are inherently worthless. As confidence continues to erode, central planners are looking for a fix, and finally we are seeing discussion in the mainstream media that we will have some form of a gold backed currency.
June 30, 2010
Although gold has pulled back off the highs, sentiment is anything but giddy among retail investors. Gold stocks have lagged the price of gold, and many quality juniors are trading for next to nothing.
Many professionals are looking for a correction or even a significant decline in the price of gold. Yes gold is extended, but bull markets can get overbought and stay overbought. What would make for an interesting summer is for gold and gold shares to take off to the upside catching many professionals by surprise.
Let’s not forget silver. Yes silver is about $2.50 from a hitting a new high in this secular bull market, but silver can move violently so that could happen quickly.
Consolidation is coming to the mining sector. Many quality juniors will be taken out by mid-tiers and majors. The interesting thing is that many less experienced investors are selling out of their juniors right before this consolidation takes place.
Remember that bull markets always surprise on the upside, so never give up your position. If you are afraid of your positions because you think gold will fall you have missed the point and probably will never make any money in the markets.
Buy and hold during secular bull markets and stop worrying about gyrations in price.
Eric King
KingWorldNews.com
Wednesday, June 16, 2010
Eric King of King World News interviews Jim Rickards
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/6/14_Jim_Rickards.html
In this interview Jim Rickards of Omnis Inc. discusses his recent meetings at the US Treasury and the FDIC, the fact that we are headed towards a one world currency and bank, that the G-20 and IMF do not want it to be backed by gold, that he thinks any green shoots will be stomped on immediately and much more.
JIM RICKARDS DISCOVERS IMF DOCUMENT UPDATE June 15, 2010 Eric King from King World News Blog
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/6/15_Jim_Rickards_-_Discovers_IMF_Document.html
The IMF distributed a document late on a Friday when its representatives thought no one would catch it. Leave it to Jim Rickards of Omnis Inc. to track it down. The IMF document discusses the gold standard and gold’s role as a monetary unit. Jim discussed the importance of this in our interview released yesterday and below is a link of the IMF document he located.
June 15, 2010
From the opening of the IMF Document:
“Under the Gold Standard, the major national currencies were freely convertible to gold at a fixed exchange rate, with adjustment largely undertaken through flexible prices, wages and income. This system survived up to the outbreak of the First World War, and while it was subsequently re-established in a modified form following a painful period of post-war disinflation, the economic and political strains of the Great Depression led to the system’s ultimate collapse in the 1930s.”
They left out the fact that the Federal Reserve was created one year prior to the outbreak of World War I and it helped to fuel the credit boom which caused so many dislocations and human suffering.
Putting that aside for a moment because that is a discussion for another day, the very fact that an IMF document was discussing a history of gold in such detail as this one does surprised me. There is much more in the IMF piece, but let’s move on to Jim Rickards thoughts from his interview:
“But the alternative is to find another engine, another liquidity pump if you will, and that’s clearly what the G-20 leadership would like to do, and their sort of chosen candidate are the SDR’s, and their chosen vehicle is the IMF. So basically the IMF putting out SDR’s, will over time displace the Fed printing dollars as the engine of world trade, world liquidity and world growth.”
“So, that can’t happen overnight, that is a momentous shift. It’s going to require a lot of consensus building among the G-20 members. So what they do is they put these papers out, get the dialogue going and get it on the agenda, talk about it, get people kind of used to it. The average citizen has kind of no idea, it’s not that their dumb it’s just that they’re not necessarily informed or trained in this fairly technical area, and so it’s the kind of thing the elites can pull off without a lot of accountability and they are definitely headed in that direction.”
Jim’s interview covers tremendous ground. It is linked above.
Eric King
KingWorldNews.com
To read the IMF document CLICK HERE.
In this interview Jim Rickards of Omnis Inc. discusses his recent meetings at the US Treasury and the FDIC, the fact that we are headed towards a one world currency and bank, that the G-20 and IMF do not want it to be backed by gold, that he thinks any green shoots will be stomped on immediately and much more.
JIM RICKARDS DISCOVERS IMF DOCUMENT UPDATE June 15, 2010 Eric King from King World News Blog
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/6/15_Jim_Rickards_-_Discovers_IMF_Document.html
The IMF distributed a document late on a Friday when its representatives thought no one would catch it. Leave it to Jim Rickards of Omnis Inc. to track it down. The IMF document discusses the gold standard and gold’s role as a monetary unit. Jim discussed the importance of this in our interview released yesterday and below is a link of the IMF document he located.
June 15, 2010
From the opening of the IMF Document:
“Under the Gold Standard, the major national currencies were freely convertible to gold at a fixed exchange rate, with adjustment largely undertaken through flexible prices, wages and income. This system survived up to the outbreak of the First World War, and while it was subsequently re-established in a modified form following a painful period of post-war disinflation, the economic and political strains of the Great Depression led to the system’s ultimate collapse in the 1930s.”
They left out the fact that the Federal Reserve was created one year prior to the outbreak of World War I and it helped to fuel the credit boom which caused so many dislocations and human suffering.
Putting that aside for a moment because that is a discussion for another day, the very fact that an IMF document was discussing a history of gold in such detail as this one does surprised me. There is much more in the IMF piece, but let’s move on to Jim Rickards thoughts from his interview:
“But the alternative is to find another engine, another liquidity pump if you will, and that’s clearly what the G-20 leadership would like to do, and their sort of chosen candidate are the SDR’s, and their chosen vehicle is the IMF. So basically the IMF putting out SDR’s, will over time displace the Fed printing dollars as the engine of world trade, world liquidity and world growth.”
“So, that can’t happen overnight, that is a momentous shift. It’s going to require a lot of consensus building among the G-20 members. So what they do is they put these papers out, get the dialogue going and get it on the agenda, talk about it, get people kind of used to it. The average citizen has kind of no idea, it’s not that their dumb it’s just that they’re not necessarily informed or trained in this fairly technical area, and so it’s the kind of thing the elites can pull off without a lot of accountability and they are definitely headed in that direction.”
Jim’s interview covers tremendous ground. It is linked above.
Eric King
KingWorldNews.com
To read the IMF document CLICK HERE.
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