The Phaserl


Fed Insolvent, Dollar Will Collapse 90% or More-James Rickards

from USA Watchdog:

Financial expert and best-selling author James Rickards thinks the “international monetary system is headed for a collapse.”

Rickards contends, “It’s really not meant to be a provocative statement. The international monetary system actually has collapsed three times in the past 100 years. It collapsed in 1914. It collapsed in 1939, and it collapsed in 1971. When it happens, it doesn’t mean the end of the world or we all go live in caves. We have a period of sort of economic confusion.” Rickards new book “The Death of Money” is a road map for what is coming. Rickards contends, “What I do for the reader is explain why the collapse is coming and, secondly, describe what this new system might look like. That should be very helpful to investors in preparing to both survive the collapse and be well positioned in terms of wealth preservation under the new system that’s coming.”

What does the new system look like for the U.S. dollar? Rickards says, “Here we are, again, looking at another collapse. The problem today is we are on a global dollar standard. A paper money standard can work, but only if you maintain confidence in the money . . .

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13 comments to Fed Insolvent, Dollar Will Collapse 90% or More-James Rickards

  • NIX

    I really wanted to know what happened when we will be using shitt SDR back by nothing????????????????????????????????????? AGAIN?

  • Robert Johnsson

    Just posted THIS on Gregs Site:

    —-AGAIN Ricky spouts that IMF has “The Cleanest Balance Sheet”
    You gotta be kidding???
    -Please explain or PROVE it!

    oh…and a SDR/Basket of Worthless Fiats would be A world Currency!? LOL…

    Solly Solly, but I dont believe “JIM” are on “Our” side!

    -and Greg…Your doing a brilliant job 🙂

  • Anon

    To SOME extent, Americans have, since WWII, enjoyed the benefits (table scraps?) of the globalists’ overseas (“American”) Empire. America was strong in manufacturing, and a strong USD, coupled with strong foreign trade policies, all of which assisted in creating the “American Dream”, for average Americans, while also fattening the statists’ or globalists’ wallets, since the entire thing, was SUBSIDIZED by American taxpayers. Now, with Putin providing an EFFECTIVE challenge to the globalist collectivists and the USD as the world’s sole reserve currency, via the BRICS, coupled with the NAM (Non-Aligned Movement) Countries increasingly conducting trade in their own currencies or in gold!, Americans WILL SEE A DECREASE IN LIVING STANDARDS, via INFLATION, which is why we simply have no time to sit around bemoaning the end of the American Dream. WE need to transform ourselves and our country, primarily by taking our country back, returning to sound principles, as outlined by the Founders of this country, AND, by challenging the status quo, by providing an effective challenge to the collectivist/globalists right here at home.

  • This Old Man

    Haven’t commented in a while and this seems like the perfect topic to jump in the middle of.

    We all know the system is going to fail. Its a cyclical thing and, given enough time, every in our past has failed. Now we can look at it like the end of the world with mass casualties coming or some kind of opportunity to move up in the world through buying gold or silver but in my opinion both are missing what really matters.

    Never in the history of the world has humanity been more connected to each other. The Internet has made the invention of the printing press seem like child’s play. We can talk about Machiavellian schemes of the ruling elite to conquer the world but I see the opposite coming to pass. I use to talk to friends and family about the Fed or the military industrial complex and be brushed off. Now people seem more informed and eager to hear the truth. No longer can they just run a story on the news and expect people to accept it as the truth. We know better and are willing to take the time to check their facts.

    We see all these systems around us being held together with dry spit and toothpicks by an organization that is on the edge of collapse itself. We see the control systems in place and we want them gone but at the same time seem scared of what their failure might bring. If we want something new then first the old has to go. Sure, the super wealthy have plans for some kind of world wide fascist takeover but I have enough faith in my fellow humans that I know that wont happen. I see the strong libritarian streak running through the young people in this country and it makes me once again proud to call myself an American. All their propaganda and hipocracy has bought them is a more critical and distrusting population. Thanks to sites like SGTReport, people see through the two party dictatorship which is why half of Americans consider themselves independents and the approval ratings for those in office is close to nil.

    We are in the middle of a human revolution. Look at what the Internet has brought us just in the last 10 years. YouTube has only been around for about 7 years and we are just learning how to use the Internet to have our voices heard and how we can use it to work together for the betterment of humanity. We have printers that can print human organs and just about any other thing you can dream up. We put robots on Mars. Our cell phones today have more power than an entire building of computers 30 years ago.

    What is happening now will determine the course of the entire planet for hundreds if not thousands of years and I am thankful I am hear to see it. I think that the world my daughter will get to see will be more amazing than anything I could have dreamed and what we do now will be what makes that world possible. Don’t let the headlines make you loose sight of how far we have come or that our future is predetermined, doing so only gives away your power. The people who would see the world burn are still only people and there are far many more of those that want to see humanity succeeded.

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