By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Six-time, best-selling financial author James Rickards says the upcoming book “Sold Out” lays out the case why a huge crash is already a certainty sometime in 2023.  In a nutshell, broken supply chains have already caused big inflation, and the Fed is raising rates to tamp it back down.  On top of the perfect storm of inflation and prolonged supply problems, we have the recent meltdown of the FTX crypto currency exchange.  Rickards says, “It is definitely going to cause sequential collapses in the crypto world, but will it jump the fence into the broader financial world?  My expectation is it will, (more…)

By Greg Hunter’s USAWatchdog.com

(This in-depth interview (more than 1 hour) will take the place of the Weekly News Wrap-Up and the Early Sunday Release.)

Best-selling financial author James Rickards says “We are still in the aftermath of the 2008 – 2009 financial crisis.” In the up-coming book titled “Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,” the crisis of the Great Recession may be over, but “nothing is fixed.” Rickards explains, “I understand the economy has been expanding for 10 years, and we are not in a liquidity crisis at the moment and unemployment is low. We have come a long way from that. The fundamental problems that gave rise to that have not been solved. . . . So, unlimited guarantees, unlimited money printing and unlimited currency swaps and, yeah, they truncated the crisis, but all that happened was the bad debts, the leverage and the problems were now lifted up to the central bank level. You’ve got this progression. First, it is the hedge fund. Then, it’s Wall Street. Now, it’s the central banks. Who is going to bail out the central banks? That problem has not been solved, and it’s still on the table.”

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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.”

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By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Financial expert and four time, best-selling book author James Rickards says there is no avoiding another economic collapse. Every time the economy suffers a setback, such as recently hitting a $20 trillion debt ceiling in the United States Congress, things get a little worse. Rickards explains, “The point of my books, ‘The Death of Money’ and my more recent book ‘The Road to Ruin,’ is that these are like snowflakes building up to cause an avalanche.  The avalanche is the instability of the financial system as a whole.  The concentrations of assets among the banks, the interconnectedness of the system, and almost a $1 quadrillion, not $1 trillion, $1 quadrillion, that’s a $1,000 trillion of notional value of derivatives, all these things are unstable.  What does it take to cause that avalanche?  What does it take to cause a loss of confidence in the system?  (more…)

By Greg Hunter’s USAWatchdog.com 

Three time best-selling author James Rickards says the next economic crash will lock you out of your money. Rickards has a new book titled “The Road To Ruin.”  Rickards paints a scary possible scenario for what is coming and contends, “The global elites have a secret plan for the next financial crisis.” Rickards goes on to explain, “They are going to lock down the system when the crisis hits.  In 1998, everybody wanted their money back, and they printed the money.  In 2008, everybody wanted their money back, and they printed the money.  In 2018 or sooner, everyone is going to want their money back, but they are not going to print the money.  They are going to tell you that can’t have it.  They are going to lock down the system and close the banks.  Money market funds are going to suspend redemptions.  Stock exchanges are going to be closed, and they’ll say it’s ‘temporary.’  That’s what Nixon said when he closed the gold window in 1971. . . . They will do it to buy time until they can flood the market with SDR’s (Special Drawing Rights IMF currency).”

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By Greg Hunter’s USAWatchdog.com

Financial expert and best-selling author James Rickards says another economic collapse is coming. Rickards contends, “It’s very clear, and you can prove this scientifically.  The next collapse will be bigger than anything in history or maybe since the Bronze Age or the fall of the Roman Empire.  Why do I say that? . . . We have these things coming together.  The system is larger.  That means systemically it is exponentially more risky.  The central banks don’t have any dry powder, and it is just a matter of time before the collapse comes.  In 1987, the stock market fell 22% in one day, not in a week or a month, but one day.  Today, that would be the equivalent of a 4,000 point drop. . . . In 1998, the Long Term Capital crisis shut almost every stock and bond exchange in the world.  In 2000, the Dot Com; 2007, the mortgage crisis; and in 2008, you had Lehman and AIG (failures).  In other words, these events are not rare, and they happen every three, four or five, six or eight years.  It’s not like clockwork, but nobody should be surprised if it happened tomorrow.  We’ve got the systemic scale.  We’ve got exponential increase in risk.  The central banks are out of dry powder, and it’s been eight years since the last one.  It’s just a matter of time.”

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Greg Hunter’s USAWatchdog.com   (Early Sunday Release)

Best-selling author and financial expert James Rickards contends a big financial crash is locked in.  Rickards says, “Everyone is waiting for some blunder down the road, and the point I try to make is the blunders have already been made.  The blunders have already been built into the system.  You can see this collapse coming a mile away. . . . Using science, we can’t say very much about the timing, but we can say a lot about the magnitude.  This will be the greatest financial collapse in history.  I am quite sure about that, but I am not sure about the timing. . . . (more…)

By Greg Hunter’s USAWatchdog.com 

Financial expert and best-selling author James Rickards’ latest book predicts “the coming collapse of the international monetary system.”  One of the sign posts is countries like Russia declaring it will shed the U.S. Dollar as reserve currency in international trade.  Rickards explains, “Putin said he envisions a Eurasian economic zone involving Eastern Europe, central Asia and Russia.  The Russian Ruble is nowhere near ready to be a global reserve currency, but it could be a regional reserve currency.” 

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By Greg Hunter’s USAWatchdog.com   (Early Sunday Release)

Financial expert and best-selling author James Rickards thinks the “international monetary system is headed for a collapse.”  Rickards contends, “It’s really not meant to be a provocative statement.  The international monetary system actually has collapsed three times in the past 100 years.  It collapsed in 1914.  It collapsed in 1939, and it collapsed in 1971.  When it happens, it doesn’t mean the end of the world or we all go live in caves.  We have a period of sort of economic confusion.”  Rickards new book “The Death of Money” is a road map for what is coming.  (more…)

By Greg Hunter’s USAWatchdog.com 

James Rickards wrote the best-seller titled “Currency Wars-The Making of the Next Financial Crisis.”  What’s going to cause the next crisis?  Rickards says, “The problem in 2008 was too-big-to-fail banks.  Well, those banks are now bigger.  Their derivative books are bigger.  In other words, everything that was wrong in 2008 is worse today.” (more…)

By Greg Hunter’s USAWatchdog.com 

Investment banker and Wall Street insider James Rickards says the Libor rate rigging scandal “is the greatest fraud and greatest potential liability in history.”  He thinks rate rigging banks could be on the hook for “$2.5 trillion,” and “The potential damages could destroy the banking system.” 

Rickards is the author of the best seller “Currency Wars: The Making of the Next Global Crisis.”  He says, “Too big to fail has turned into too big to jail.  These guys are outside the legal system.  They can do whatever they want.”  (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Five-time, best-selling financial author James G. Rickards says, “We could be in a recession right now,” but the title of his most recent book “The New Great Depression” says where we are definitely going soon. Rickards says, “The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos.” (more…)

By Greg Hunter’s USAWatchdog.com   

Seven-time, best-selling financial author Jim Rickards predicted in July 2023 (when gold was trading in the $1,600 range) that the yellow metal would get a big boost.  He was correct.  In his new book called “Money GPT: AI and the Threat to the Global Economy,” Rickards lays out the case for AI-caused disasters in everything from finance to nuclear war.  Rickards says, “About five stocks are upwards of 40% of the entire index.  Almost all those gains are being driven by AIs:  Nvidia, AMD, Microsoft, Apple, Facebook/Meta and Google.  We all know their names.  The market is going higher on AI, and nobody wants to say anything negative on AI.  I have studied this very closely, and there are these huge dangers for investors that they need to be aware of.  Any crash is going to be worse because AI will be accelerating it.” (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Seven-time, best-selling financial author James Rickards predicted in his most recent best-seller called “Sold Out” why broken supply chains would cause big inflation.  He was right, and he still contends, “Supply chain problems and inflation are not over.”  For an example of the supply chain still being in fragile shape, look no further than the failed grain deal between Ukraine and Russia last week.  Rickards points out, “Putin has been very patient about this.  He had a deal. Ukraine was not living up to their end of the deal.  Putin says we are the ones getting attacked, so, screw the deal.  What’s that going to do to the price of grain?  It’s going to send grain prices up, and it’s already up 10% just in a matter of days.” (more…)

By Greg Hunter’s USAWatchdog.com

Five time. best-selling financial author James Rickards contends all this money printing to retard the effects of CV19 is not going to produce inflation—just the opposite.  Rickards explains, “Let’s say I go out to dinner and I tip the waitress.  The waitress takes a taxi home, and she tips the taxi driver.  The taxi driver takes the tip money and puts gas in his car.  In that example, my $1 tip had a velocity of three:  the waitress tip, the taxi tip and the gasoline.  So, my $1 produces a velocity of three.  My $1 produces $3 of goods and services.  That’s velocity, but what if I stay home, don’t go out and don’t spend any money?  (more…)