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Axis of Gold

by Jim Rickards, DailyReckoning:

Now is the time to keep your eyes on the monetary endgame. Not the daily mark-to-market in paper gold. This endgame is an all-out attack on the status of the U.S. dollar as the benchmark global reserve currency. Numerous players have an interest in ending the dollar’s role for […]

Italian Banks on the Brink

by Jim Rickards, DailyReckoning:

There’s an old saying: “What’s sauce for the goose is sauce for the gander.” The meaning is obvious — if you insist on something for others, you have to be prepared to hold yourself to the same standard.

A version of that is playing out in Europe today. And […]

Trump and the Coming of Helicopter Money – Jim Rickards

by Jim Rickards, DailyReckoning:

One of the great mysteries of the past eight years is why there has not been more consumer price inflation despite the fact that the Federal Reserve has printed over $3 trillion in new money.

Many economists hypothesizes that such money printing must prove inflationary, and many consumers assumed […]

Don’t Listen to the Polls – Jim Rickards

by Jim Rickards, DailyReckoning:

Many news sites rely on a “poll of polls,” where they take the average of ten or so different polls and run with that figure. It sounds accurate in theory. But there are reasons why that might not be an accurate indicator of this election.

The first reason is […]

Rickards: Trump Still Wins. Here’s Why…

by Jim Rickards, DailyReckoning:

I first issued a forecast that Trump would win the election before the Oct. 28 announcement by the FBI that the Hillary email investigation was being reopened.

That Oct. 28 announcement gave gold a tail wind, as it increased Trump’s chances of winning, but it didn’t change my basic outlook.

[…]

Expect a Trump Win and Violent Market Repricing – Jim Rickards

by Jim Rickards, DailyReckoning:

The past few days have been a mix of the expected and unexpected. On Wednesday afternoon, the Federal Open Market Committee (FOMC) of the Federal Reserve voted to keep its target interest rate unchanged, but also signaled that they will raise rates at the December FOMC meeting.

Both moves were […]

Jim Rickards: The Global Elites’ Secret Plan for the Next Financial Crisis.

from The James Rickards Project:

Jim Rickards: Prepare for Trump Win & 2018 Financial Crisis

from Hang The Bankers:

Jim Rickards is known for his big calls, and he’s not holding back ahead of next month’s US Presidential Election, predicting the price of gold could surge should Donald Trump emerge victorious.

“Markets are fully priced for Hillary; gold, stocks, everything is priced for a Hillary victory. If she wins, […]

Here’s What the Shanghai Accord Means for the Dollar – Jim Rickards

by Jim Rickards, DailyReckoning:

The Shanghai Accord in its simplest form is a weaker dollar, a weaker dollar for imported inflation, a weaker dollar to stimulate U.S. exports (as noted previously here). It was a way for China to cheapen their currency without breaking the peg to the dollar.

You would cheapen the dollar, […]

October 2016 The Gold Chronicles with Jim Rickards Part 1

from Physical Gold Fund:

Rickards: Volatility Could Explode in a Matter of Weeks

by Jim Rickards, DailyReckoning:

Volatility is waiting to explode due to unstable currency exchange rates, bank liquidity crises, geopolitical uncertainty, and a wild U.S. election cycle.

One or more of these potential sources of instability are ready to pop-up on the markets like a tightly jammed jack-in-the-box when someone unlocks the lid. The key […]

Financial War Conversation with America’s Top Spy

by Jim Rickards, DailyReckoning:

Only one person has ever been Director of both the National Security Agency and the Central Intelligence Agency. That person is retired Four-Star General Michael Hayden.

On June 1, 2015, I had the chance to talk to Mike Hayden on Capitol Hill in Washington, DC.

We were both there as […]

The Fed’s Legacy: Asset Bubbles and Lost Confidence

by Jim Rickards, DailyReckoning:

For most experts, failure is a learning experience that leads to a search for new methods. That’s not true for central bankers. When their policies fail, they try more of the same in the vain hope that quantity will make up for the lack of quality in their ideas.

In […]

Two Ways to Collapse – Jim Rickards

by Jim Rickards, DailyReckoning:

Suddenly or Slowly A collapse can happen at any time due to the scale, density and inherent instability of the financial system. The immediate cause of such a sudden loss of confidence is unknowable.

It could be a war, natural disaster or epidemic. It could also be a less visible […]

The Three Threats Converging Now

by Jim Rickards, DailyReckoning:

After covering the three risks converging on us right now: excessive debt, lower productivity, and the absence of central bank policy options (seen in the article here) – there more to the story.

Let’s consider specific threats to your wealth that emanate from these risks: systemic collapse, asset bubbles, and […]

China’s Hidden Plan to Accumulate Gold

by Jim Rickards, DailyReckoning:

China wants to do what the U.S. has done, which is to remain on a paper currency standard but make that currency important enough in world finance and trade to give China leverage over the behavior of other countries.

The best way to do that is to increase its voting […]

The 4-Front Assault on the Dollar

by Jim Rickards, DailyReckoning:

The response to U.S. efforts to cheapen the dollar in 2010–2011 was not long in coming. It came from four directions — the IMF, Russia, China and Saudi Arabia. Enter the new world money: the SDR.

Less than a year after Obama’s declaration of a new currency war, the IMF […]