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Catastrophic Outcomes May Come Faster Than Expected-James Rickards
Published on May 25, 2014
James Rickards, author of the new best-selling book called “The Death of Money,” says the financial collapse will happen, but he is not sure of when it will come. Rickards explains, “It is the thing you won’t see coming that will take the system down. Things happen much more quickly than what investors expect.” Rickards adds, “What will happen in gold is that it will chug along and then all of a sudden–boom. It will be up a $100 an ounce, and then the next day it will be up another $200 an ounce. Then everyone will be on TV saying it’s a bubble—boom. It’s up $300 an ounce and, before you know it, it will be up $1,000 per ounce. Then people will say gee, I better get some gold, and they’ll find out they can’t get it because the big guy will get it. You know, like central banks and sovereign wealth funds will be able to get the gold. The typical investor will run down to the coin shop and they will be sold out, and the U.S. Mint will say sorry we’re not shipping. You’re going to find out you can’t get it because the whole thing is set up for massive shortages in supply.”
Links to other Important Stories I didn’t have time to cover on the show
‘It’s not becoming a war, it IS a war’: RT visits E.Ukraine anti-govt fighter training camp
Published on Jun 10, 2014
Ukrainian President Petro Poroshenko has called on fighters to lay down their arms as the crisis deepens, with dozens dead, hundreds wounded and tens of thousands of refugees. RT’s Paula Slier visits anti-government fighters’ training camp outside Lugansk.
Armed Might: ‘NATO war game is message to Russia’
Published on Jun 10, 2014
The US is expanding its military presence in Europe, recently sending a pair of B-2 stealth bombers to the Baltic region. The planes will be taking part in the second major NATO exercise in the area. For more on this RT is joined by security analyst Michael Maloof.
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