Is The Federal Reserve Keeping Americans In The Dark With Jim Rickards

To read the transcript, click here: http://pro.moneymappress.com/MMRBSLG39EXT/PMMRQA66/?src=dscript Is the Federal Reserve covering up a dangerous crisis that threatens to bring down, not just the United States, but the entire global economy? According to two men, one a high-ranking member of the U.S. Intelligence Community, and the other, a 2016 Presidential hopeful, the answer is yes. They both believe the world's most powerful central bank is secretly bankrupt and Fed Chairwoman Janet Yellen will do whatever it takes to keep the public in the dark about this startling situation. If they're correct, every American should fear the unavoidable endgame their evidence is predicting. Recently, in an emotional speech from the Senate floor, Senator Rand Paul declared that the Federal Reserve is now "insolvent." Massive Debt Crisis Controversial Video: Senator Rand Paul accuses the Federal Reserve of being secretly broke Senator Paul has long been an advocate of an official audit of the Fed's books, which polls show 74% of the American people agree with. And in a separate statement he explained why. "The Fed's operations under a cloak of secrecy have gone on too long and the American people have a right to know what the Federal Reserve is doing with our nation's money supply," Senator Paul declared. And an unlikely ally has stepped forward to help him provide the public with the answers they are seeking. The Secret Fed Gamble That Could Kill the Dollar Debt Crisis 2014 An alarming pattern has caused many in the Intelligence Community to secretly prepare for a "worst-case scenario." Click here to see it…. Unfortunately, they are downright frightening. Jim Rickards is the CIA's Financial Threat and Asymmetric Warfare Advisor. In an exclusive interview with Money Morning, Rickards revealed that he and his team have detected a series of dangerous economic signals that predict a fast-approaching $100 trillion meltdown. And they believe it will lead to an event more severe than the 1930s. A 25-year Great Depression. Their estimated date for this catastrophe is April 15, 2015. Making matters worse, they believe it is impossible to stop. Rickards shared an alarming collection of charts in the discussion that proved our country has secretly reached, or exceeded, crisis levels in our stock market, with our dollar, and banking system that are more severe than in 1929. Frightening: This chart reveals which banks could collapse (and how soon). If your life savings is in a major bank, please look at this now. He examined two charts in particular that specifically place much of the blame for this on the Federal Reserve. "What you can see from this first chart is that for over a decade the Federal Reserve steadily grew its capital reserves. Even after the recession struck, on the surface at least, they kept strengthening their financial backing," he explained. "And today they have over $56.2 billion of cash on hand. $56.2 billion sounds like a lot of money, but it's not the full picture." Debt Crisis Today "You have to compare the cash the Federal Reserve has on hand with the debt they've taken on since the recession. And when you do the picture becomes a lot scarier, because that figure is $4.3 trillion," Rickards continued. "So you have $56.2 billion propping up $4.3 trillion worth of debt. That means the Fed is leveraged 77-1. Prior to our 2008 meltdown that was only 22-1." Federal Debt Bomb "To folks like me at the CIA that says one thing, the whole thing is unstable and it's ready to explode," he warned. Editor's Note: Money Morning has released their exclusive interview with Jim Rickards to the public. And it's a must-see for every American who is concerned about our country and their financial security. Click here to view it. Rickards then cited two private meetings he held with Federal Reserve officials that suggested they know this too. "I spoke to a member of the Board of Governors of the Federal Reserve, (name withheld), and said to her I think the Fed is insolvent," Rickards revealed. "She refused to answer the question directly initially, but I pressed her and she said, 'we are but it doesn't matter'." Rickards' second meeting explained why this high-ranking Fed board member came to that conclusion. "I was at a recent conclave in the Rocky Mountains with officials from the Federal Reserve and the Bank of England. They'll say things in private that they won't admit publicly," Rickards explained. "They handed me a copy of Janet Yellen's playbook. And while a lot of Americans have no idea what her big plans are, this playbook revealed everything. It's more of the same. She's going to just keep printing money." "Don't ever think the Fed knows what they're doing. They can print all the money they want, but if people aren't using it in the economy than it is going to collapse."