Post by jeffolie on Feb 17, 2013 18:25:17 GMT -6
Jim Puplava does an amazing interview with Jim Rickards author of "Currency Wars".
www.financialsense.com/node/10533
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my notes of the Jim Rickards interview lasting 39 minutes:
2009 exercise sponsored by the Pentagon financial wargame applying only 'financial weapons' as asymetric warfare including cyberwar tools because US can be defeat conventional military forces ... other know they can not beat us with navies, etc.
1921 to 1936 War I protection deflationary
1967 to 1987 currency War II inflationary
now comes currency War III discussed in Rickards' book: started in 2010
Gold will do well
IMF, BIS, hedge funds, speculators plus govts now players in currency War III.
everyone effected including Boeing largest exporter in the world impacted.
Declaration Jan 2010 Obama export initiative to double exports, implying to have the Dollar decline, Ben made explicit in 2012 by printing programs QE 2 & 3.
China impacted with inflation making them fearful of instability ... repegging encouraged QE3
In early stages of currency war III. The FED, Japan want inflation to cut the value of debts with round robin stages or devaluations. 2011 about getting Yuan cheaper, 2012 about getting the Yen cheaper, next round a different round, eventually will collapse of the international monetary system in 3 YEARS OR SO.
FED failing on upto 6 mandates.
Virginia govt ... military oriented govt agencies, industries
Downtown govt ... last 4 yrs working to cheapen the Dollar
Triffin's Dilemma: reserve currency must run a trade deficit which means ultimately going broke ... solution to run a trade surplus applying a cheaper dollar then substituting IMF currency as a world reserve currency ...
Open of his book: Americans who invested in gold early will get a 90% windfall wealth tax ... only a warning as in 1979 oil windfall tax ... 1933 FDR jumped $20 up 75% to $33 with a confiscation giving the Treasury the profit creating the 'stabization fund' .... gold will go to $5000 and may result in a windfall tax.
Today's investors 13F reports regarding GLD only show the paper side and not the physical side of the trades: how futures, derivatives etc operations. Soros may be lying about his positions. Chinese have a moving floor of $150 below spot. Gold in volatile: suggests 10 to 15% in gold.
Son creating 'real cost of water' index. Create investible market with options, derivatives from the index including insurance products to hedge costs.
Book completed in 2011 ... the update .... China, Russia gold reserves up to replace the dollar.
Rickard has an active twitter feed
www.financialsense.com/node/10533
=====================================
my notes of the Jim Rickards interview lasting 39 minutes:
2009 exercise sponsored by the Pentagon financial wargame applying only 'financial weapons' as asymetric warfare including cyberwar tools because US can be defeat conventional military forces ... other know they can not beat us with navies, etc.
1921 to 1936 War I protection deflationary
1967 to 1987 currency War II inflationary
now comes currency War III discussed in Rickards' book: started in 2010
Gold will do well
IMF, BIS, hedge funds, speculators plus govts now players in currency War III.
everyone effected including Boeing largest exporter in the world impacted.
Declaration Jan 2010 Obama export initiative to double exports, implying to have the Dollar decline, Ben made explicit in 2012 by printing programs QE 2 & 3.
China impacted with inflation making them fearful of instability ... repegging encouraged QE3
In early stages of currency war III. The FED, Japan want inflation to cut the value of debts with round robin stages or devaluations. 2011 about getting Yuan cheaper, 2012 about getting the Yen cheaper, next round a different round, eventually will collapse of the international monetary system in 3 YEARS OR SO.
FED failing on upto 6 mandates.
Virginia govt ... military oriented govt agencies, industries
Downtown govt ... last 4 yrs working to cheapen the Dollar
Triffin's Dilemma: reserve currency must run a trade deficit which means ultimately going broke ... solution to run a trade surplus applying a cheaper dollar then substituting IMF currency as a world reserve currency ...
Open of his book: Americans who invested in gold early will get a 90% windfall wealth tax ... only a warning as in 1979 oil windfall tax ... 1933 FDR jumped $20 up 75% to $33 with a confiscation giving the Treasury the profit creating the 'stabization fund' .... gold will go to $5000 and may result in a windfall tax.
Today's investors 13F reports regarding GLD only show the paper side and not the physical side of the trades: how futures, derivatives etc operations. Soros may be lying about his positions. Chinese have a moving floor of $150 below spot. Gold in volatile: suggests 10 to 15% in gold.
Son creating 'real cost of water' index. Create investible market with options, derivatives from the index including insurance products to hedge costs.
Book completed in 2011 ... the update .... China, Russia gold reserves up to replace the dollar.
Rickard has an active twitter feed