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Jim Rickards: economic collapse lies ahead

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  • Jim Rickards: economic collapse lies ahead

    Must watch: Money Morning interview with Jim Rickards

    Rickards agrees with Sen Rand Paul. The Fed is insolvent.

    http://pro.moneymappress.com/MMRBSSH...=252776&h=true

  • #2
    the interview is well worth watching -- but I regret that at the end Rickards makes a pitch to sell his book.

    Just ignore that part. MHG

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    • #3
      its hard to implement these words of warning, when you're locked in steerage. i can't fit through a porthole.

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      • #4
        I hate to break it to this guy, but for most Americans, economic collapse already happened about six years ago.

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        • #5
          i say we default on all payments owed the Fed. we gave them 0% money. that's what they get back in return.

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          • #6
            Originally posted by orinjkrush View Post
            i say we default on all payments owed the Fed. we gave them 0% money. that's what they get back in return.


            Grandma, you didn't pay your taxes?

            I would have, but I didn't have any money.

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            • #7
              Originally posted by orinjkrush View Post
              i say we default on all payments owed the Fed. we gave them 0% money. that's what they get back in return.
              It's all bull**** anyway. If the whole thing were to collapse, you know what they'd do? They'd just knock all accounts to zero and reboot. It's an illusion.

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              • #8
                Originally posted by Rohirrim View Post
                It's all bull**** anyway. If the whole thing were to collapse, you know what they'd do? They'd just knock all accounts to zero and reboot. It's an illusion.
                you're right. and that scares the crap outta me.

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                • #9
                  Originally posted by mhgaffney View Post
                  Must watch: Money Morning interview with Jim Rickards

                  Rickards agrees with Sen Rand Paul. The Fed is insolvent.

                  http://pro.moneymappress.com/MMRBSSH...=252776&h=true
                  I don't doubt this a bit. Nothing has been done to regulate the banking industry or change their habits. It is only a matter of time before another meltdown.

                  That is why I decided to stay poor. Can't take what you don't have.

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                  • #10
                    Originally posted by Guess Who View Post
                    Nothing has been done to regulate the banking industry or change their habits.
                    Yep.

                    In fact, hasn't "too big to fail" only gotten bigger under the current empty suit who occupies the WH?

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                    • #11
                      Originally posted by L.A. BRONCOS FAN View Post
                      Yep.

                      In fact, hasn't "too big to fail" only gotten bigger under the current empty suit who occupies the WH?
                      Yep, and nothing will change if Hillary gets in.

                      The only two candidates that would challenge Wal Street is Bernie Sanders and Elizabeth Warren.


                      There will be another collapse. I have all my bills paid for except my house.... I guess I will just wait for it to fall and hope I still have a job.

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                      • #12
                        Billary?

                        G-d help us.

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                        • #13
                          Originally posted by Rohirrim View Post
                          I hate to break it to this guy, but for most Americans, economic collapse already happened about six years ago.
                          That's like saying it's sprinkling just before the level 5 hurricane hits

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                          • #14
                            Originally posted by Rohirrim View Post
                            It's all bull**** anyway. If the whole thing were to collapse, you know what they'd do? They'd just knock all accounts to zero and reboot. It's an illusion.
                            I can not imagine a more over simplified position on the pending tragedy .

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                            • #15
                              Originally posted by baja View Post
                              I can not imagine a more over simplified position on the pending tragedy .
                              Sometimes, simple works best.

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