- Jim Rickards is an ‘insider’. His information on 9/11 insider trading is largely propaganda, mis-direction, dis-information!
- Jim Rickards: Next Crisis Will Be Worse than 2008 Because it Will Be Bigger Than the Fed!
The five biggest banks in the United States in 2008, today those banks are bigger. They have a larger percentage of the assets of the banking system. They have much larger derivatives books and if you apply what I use which is complexity theory, to understand the risk in capital markets, you know that when you increase something in scale, the risk does not go up in a linear fashion. It goes up in an exponential fashion so the risk is – the size of the system is greater than ever before and the risk gets exponentially greater than ever before.
So we have a lousy economy. We have massive risk. We have the whole thing getting propped up like money printing by the Fed. This is naturally going to happen except this time, the next time, it will be worse than 2008 because it will be bigger than the Fed.
From Tekoa Da Silva, Sprott’s Thoughts:
Tekoa Da Silva writing today. I recently spoke to Jim Rickards, Portfolio Manager at the West Shore Group and author of the New York Times best seller Currency Wars. His upcoming new release,The Death of Money, will be available in April. Read on for the full interview.
TD: Hello Jim, it’s a pleasure to have you here. What prompted you to write your new book,The Death of Money, which will be out April 3rd? I was lucky to receive an advanced copy and it is one of the most exciting financial books I have ever read.
JR: Well, thank you Tekoa. The release date actually is April 3rd in the UK and around the world for the export edition but in the United States and Canada, it will be April 8th. But either way it’s available for preorder on Amazon now. So if anyone is interested, they can go find it on Amazon.
But yes, thank you. The Death of Money, the new book, it’s both a prequel and a sequel to Currency Wars and let me explain what I mean by that.
One of the parts of the Currency Wars that a lot of readers enjoy the most was the first two chapters where I described the financial war game that was conducted by the Pentagon in 2009 at the top secret weapons laboratory outside of Washington and one of the reactions I got from that, people say, “Well, gee, that was really interesting. But what were you doing and how did you get invited? Why were you the guy that they turned to design the game and all that?”
That’s a good question and then the new book, The Death of Money, I actually go back in time, back to 2003 and talk about my involvement in national security matters prior to the war game and when you read the description that appeared in 2003 to 2008, it becomes sort of more apparent what I was doing in 2009 with the Pentagon.