James Rickards-Huge Inflation Coming With Coming Economic Meltdown
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So, do we get inflation or deflation in the upcoming economic crash? Global financial expert James Rickards says, “You might get some deflation first, but I don’t expect that because central banks are trying so hard to cause inflation. The natural state of the world is deflation right now. . . . But governments can’t have deflation, it destroys the tax base. . . . So, you have natural deflation and policy inflation, and they are pushing together. It’s an unstable equilibrium, and at some point, it is going to snap one way or another. If it is deflationary, and I don’t expect this, the policy will be even more money printing. . . . As far as the SDR’s are concerned, it will certainly be inflationary. . . . You may not be able to save the world, but you can save yourself and family by getting into some assets that will stand this inflation and be non-digital. Any digital money can be locked down with a few key strokes. Non-digital money such as gold, silver, fine art, land, natural resources, water and there is a long list of things . . . those are the things that are going to last. . . . The other point I make is that when this happens, it will happen very quickly. . . . You won’t know it in advance, and the stock market will be closed when you decide to get out of the stock market. You may not be able to get gold. Right now, you can get it . . . but in a panic when it’s going up $100 per ounce per day, you’ll be watching the price go up, but you won’t be able to get it.” Rickards predicts a complete lock down of the global financial system for “at least weeks and possibly months.” Rickards contends, “Definitely weeks and perhaps months, and it could turn into Mad Max. It could turn into what I call money riots with people burning down banks, but the elites are ready for that also. . . . What they have done because you can’t turn the military into police, they turned the police into military. As the money situation gets worse, states and elites will not go down without a fight.” Join Greg Hunter as he goes One-on-One with renowned financial expert and three-time best-selling author, James Rickards, whose latest book is titled “The Road To Ruin.” All links can be found on USAWatchdog.com : http://usawatchdog.com/money-riots-possible-in-next-economic-crash-james-rickards/ http://usawatchdog.com/donations/
Comments
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very helpful, thanks
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Well he was WRONG !
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It appears James is full of crap, as it turns out.
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10% gold? What is everyone supposed to do with the other 90% of their savings? Gamble in the stock market? 90% gold, 10% cash would be a better idea. and LOL at a problem getting gold HAHAHAH pure propaganda does this guy own a gold dealing company? I think he is wayyyy over exaggerating things with the things he is saying.
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Somehow, instead of stocks dropping and gold going up, we're seeing big drop in metals and new world records in all the stock markets...
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His political forecast was correct ; the financial forecast, a disaster.
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CONCLUSION: WHAT WE REALLY ABOUT TO SEE IS A NEW JUSTICE SYSTEM enforced Under the Declaration of Independence. This order to deliver Justice will REOME Corrupt Polticians, Courts, FBI, MEDIA, Dirty lawyers & accountants, and FALSE ROYAL Families of the RothcildBuckinghamClintonKerry ADMININSTRATIONS Overhaul! Basically its the END OF THE WORLD for these wealthy WhiteSlaveryRuleDictators. Lets celebrate their english language SYSTEMS of HUMAN DEPOPULATION Plans for REMOVAL! Congadulations President TRUMP, Make America great again!
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Today is 11/13/16 Mr.Trump won the election, the stock market did not drop and gold did not go up. You prediction happened briefly in the overnight market the night of the election, what happened?
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Mmmmmm we need a silver Gold to asset exchange platform set up for this event, come on who is up for that.
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Wow he was way off. Markets loved Trump. Bonds not so much. Gold also tanked with Trump win
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The market was supposed to drop if Trump won. This prediction failed.
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Great interview. Thank you so much Mr. Hunter.
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This time Rickards was wrong unless in short term markets crash and gold have a big rally.
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What happened to the "Asymetric trade" that Jim was talking about for the election? He said if Clinton wins the market won't go up much, but if Trump wins the market will tumble 10% and gold will reach $1400. BUt the opposite happened! The DOW is up higher for 3 days, and gold is down to $1225!!!!!!
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He's not saying anything that Peter Schiff isn't saying...
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How can James Richards say digital money be switched off? Please explain this point as I don't believe it. Bitcoin is decentralized. How are you going to switch off the power to all computers?
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Mr. Rickards is a fascinating interview
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James Rickards said Trump would be elected even when there was less than 30% chance he was right! He must have a crystal ball!
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Rickards was right about Trump... holy wow
next up... the "big financial freeze-up" ?, he could be right on that one too. -
It's doing what this man predicted but I don't understand where to put my money. Give me the exact names to put my money ASAP!
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