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Who Bails Out Central Banks in Coming Chaos –James Rickards

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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Very Violent Reversal Before End of 2017 – James Rickards

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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Money Riots Coming in Next Financial Collapse-James Rickards

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…)

Money Riots Possible in Next Economic Crash-James Rickards

trtr-author-dust-jacket-002By 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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Biggest Collapse Ever-Get Gold Now-James Rickards

1dBy 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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You Can See This Collapse Coming A Mile Away-James Rickards

James Rickards Photo 4 (2)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…)

James Rickards-Financial Collapse and Massive Shortages in Gold Coming

4By 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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Fed Insolvent, Dollar Will Collapse 90% or More-James Rickards

James Rickards Photo 4 (2)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…)

Everything Wrong in 2008 is Worse Today-James Rickards

4By 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…)

One-on-One with James Rickards

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…)

Fed Can’t Get Out – Buy Gold Now – Jim Rickards

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

Four time best-selling author Jim Rickards says the Fed “throwing in the towel” on rate hikes is signaling a big problem for the economy. Rickards says, “The Fed was tightening to get ready for the next recession. . . . You need to cut interest rates somewhere between 4% and 5% to get out of a recession. How do you cut interest rates 4% if you are only at 2.25%? The answer is you can’t. You have to get to 4% before you can cut 4%, and that’s what the Fed was trying to do. . . . (more…)

Dem Marxism Exposed, Trump Coup Ending, Fed Folds

By Greg Hunter’s USAWatchdog.com (WNW 376 3.22.19)

The new blood that was elected in the Democrat party in 2018 are as far Left as you can get. Freshmen Congress women Omar, Ocasio-Cortez and Tlaib have Marxist/communist ideas and want that repressive lifestyle for us all. Many say they have turned the Democrat party Left, but I say it was always Left. These people have just exposed Democrats for what they really are–freedom and American hating Marxists. Now, we know what we are really voting for when these folks campaign in the 2020 election.

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Surveillance on Trump Backfires, Russian Collusion False Narrative, Are Markets Topping

By Greg Hunter’s USAWatchdog.com (WNW 278 3.31.17)

The pile of felonies against people in the Deep State that illegally released classified information, for the purpose of embarrassing and destroying the incoming Trump Administration, keep stacking up. This crime is orders of magnitude worse that Watergate.  The White House invited leaders of Congress to see documents from whistleblowers that point to improper handling of Intel surrounding the Trump team.

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Weekly News Wrap-Up 2.28.14

4By Greg Hunter’s USAWatchdog.com 

All eyes are on Ukraine and its political upheaval.  Pro-western protesters have forced the Ukrainian President to flee, and now there is a new president who is partial to the West.  The U.S. and the EU have provided billions of dollars to fuel the uprising, and they are looking to offer more financial assistance.  Ukraine is about to collapse financially.  (more…)

Mainstream Media Recovery Hoax

By Greg Hunter’s USAWatchdog.com 

USA Today’s headline Monday in the “Money” section of the newspaper read “Will fragile U.S. economy shatter?”  This story should have come with an apology to readers for reporting a so-called “recovery” for a couple of years now that was, in reality, nothing more than bottom bouncing.  (more…)