Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

James Rickards: North Korea Thinks USA Bluffing – It’s Not! Very Violent Reversal Before End of 2017

October 5, 2017 by mosesman

  • James Rickards: North Korea Thinks USA Bluffing – It’s Not! Very Violent Reversal Before End of 2017
    by Greg Hunter’s USAWatchdog.com 
    Four time best-selling financial book author James Rickards says don’t get too comfortable with the record high stock prices. Rickards explains, “I think the markets will have a very violent reversal in late November or early December.  Let me be specific about why because I never make claims like this without backing it up. . . . Here’s what’s going on.  Right now, markets are priced for a Fed rate hike in December. . . . The stock market is interpreting this rate hike as economic strength . . . everything is set for a violent reversal because the Fed is not going to hike interest rates in December.”

    –
    So, why is the Fed not going to raise rates? Rickards says it’s because of not enough inflation and way too much deflation.  This has the Fed scared to move.  Rickards contends, “Why is deflation a central bank’s worst nightmare?  The answer is deflation increases the real value of debt.  In other words, the dollar actually gets stronger in a deflationary environment.  If I owe you dollars, and the dollar just got stronger, I owe you more money in real terms.  It becomes more difficult to pay off debt in a deflationary environment because my income is drying up.  The real burden of debt is going up, and if I couldn’t pay you to begin with, deflation is going to make it more difficult to repay you. . . . Imagine if we had one or two percent deflation . . . and the value of the debt was going up.  The defaults would be even worse.  Bad debts would pile up.  The banking system would be under threat.  Tax collections would go down in nominal terms.  The credit of the U.S. government would be called into question.  The U.S. government might default.  These are all the horrendous consequences of deflation, and it’s why central banks cannot have deflation.”
    –
    So, what happens if Rickards is correct and the Fed does not raise rates? Rickards says, “When that happens, and I think it will happen . . . all of a sudden, the dollar is going to get weaker, the euro is going to get stronger, gold is going to go up and bonds are going to rally.  So, there will be a lot of big market effects.  I am not talking the end of the world . . . . I am not talking about a total meltdown.  I am talking about a violent repricing of some major commodities and bonds . . . because the market thinks the Fed is going to raise, and they’re not.”
    –
    Is there a danger in October as many believe there could be? Rickards says “yes,” and it comes from increased tensions with North Korea.  Rickards says, “We have a window from October 10th to October 21st.  What is the significance of that window?  October 10th is the anniversary of the communist party of North Korea.  Kim Jong Un is getting ready to test more missiles. . . . We have two catalysts.  The anniversary on October 10th and war games (with South Korea) on October 21st.  In that window is when I expect one or more missile tests.  That’s going to be another wake up call to the markets.  The markets are sleepwalking . . . they don’t understand this war is coming, and it is coming.  A shooting war, a pre-emptive war, a kinetic war with the United States against North Korea, I do expect by mid-2018. . . . Kim Jong Un thinks we are bluffing.  We are not.”
    –
    Rickards also restates his case for “$10,000 gold” and contends it’s at a relatively low price, and people should buy it now and simply hold it.

end

Post navigation

Previous Post:

Russia: US-Led Coalition Aiding Syria Terrorists

Next Post:

Spain Sends in ARMY to Catalonia as It Pushes Region to Brink Over Referendum

Pages

  • About

Recent Posts

  • It’s Official, WW III: U.S. & NATO vs. Russia
  • Ukraine is Being Demolished by Massive Russian Offensives
  • Russia’s Chilling Nuclear Warning to West Over Ukraine ‘Dirty Bomb’ | Details
  • W.H.O. WARNS: “Governments Prepare For Nuclear War.” Critical Updates Markets And More. Mannarino
  • 🚨 BREAKING! NATO And Zelensky Push for All Out War With This Move | Redacted with Clayton Morris
  • Mike Adams on Coming Dollar and Banking Collapse
  • World War 3 Watch: Ukraine Demands MORE Weapons As Top US Military Commanders Hint At Imminent War With China – FULL SHOW 1/30/23
  • The U.S. Government Wants To Learn How To Hack And Control Your Mind
  • The Great Reset | Mel K: CBDCs, The World Economic Forum’s 2030 Agenda, Is Pfizer Creating Virus Mutations? Did Bill Gates Just Admit the COVID-19 Shots Don’t Work?
  • Brain Control Weapons | “U.S. Intelligence Shows That China Is Using Advanced Technologies Like Gene-Editing and Brain Control Weapons to Advance Its Military and to Control Dissent.” – FOXNEWS + Special Rewind Interview Eric Trump and Vanessa C
  • Situation Update, Jan 30, 2023: WOKE IDIOTS Colliding With Reality on Everything: War, Climate, Energy And More
  • BREAKING POINT – Episode 1 – Financial Collapse – Brighteon Documentary
  • Media BLACKOUT Pfizer BOMBSHELL Exec Admits Gain Of Function To Make Covid More DEADLY!
  • “This is Bad for America. This is Bad for the World. We Are About to Enter Potentially World War III” – General Flynn on Biden’s Disaster in Ukraine
  • US, “One More Country” Involved in Drone Attack on Military Plant in Iran’s Isfahan — TV
  • Putin Is Close To Finalizing Asian Trade Settlement In Gold That Will Rock World Markets
  • FDA Quietly Changes End Date for Study of Heart Inflammation After Pfizer COVID Vaccination
  • Imminent Cyber Attack for a New World Order
  • Faith and Confidence in the Dollar Could Be Lost from Within.
  • Putin Roars as UK Tries to Hack Russian Govt Entities; ‘Cyberstrike Under NATO Guidance’ | Watch

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
October 2017
M T W T F S S
« Sep   Nov »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes