- Jim Rickards on The Death of Money: The Coming Collapse of the International Monetary System!
by James J Puplava CFP with Jim Rickards, http://www.financialsense.com/
Jim Puplava’s Big Picture: The Looming Death of Money – What to do Now
Jim welcomes special guest Jim Rickards, acclaimed author of Currency Wars, to discuss his NY Times bestseller, The Death of Money: The Coming Collapse of the International Monetary System. In part one of a two-part interview, they discuss a number of aspects of the book, including that the international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Jim Rickards argues that another collapse is rapidly approaching—and why this time, nothing less than the institution of money itself is at risk. Rickards notes the world’s major financial players—national governments, big banks, multilateral institutions—will always muddle through by patching together new rules of the game. The real victims of the next crisis will be small investors who assumed that what worked for decades will keep working. Jim’s Big Picture topic this week, “The Looming Death of Money – What to do Now” picks up on the discussion with Jim Rickards, and focuses on how investors can protect themselves now in the event money starts rapidly losing its value. Jim discusses gold, but also stresses diversification in other tangible assets as well. He also looks at the stock sectors that will perform best in this scenario.