The wealthy prefer the dollar system. It’s making them wealthier.
A currency collapse is the total wipeout of debt denominated in that currency.
There will be no recovery while our monetary cancer rages, unchecked. We must rediscover the gold standard, which is the only cure.
It’s not a fiscal cliff we are going over, it’s a money cliff.
I would discourage everyone from making too much out of the Chinese gold carry trade. It’s not a giant conspiracy to buy up all the gold, while suppressing the price. It is not some farsighted plan to anticipate the collapse of the dollar by owning hard assets.
I would discourage everyone from making too much out of the Chinese gold carry trade.
The longer you wait to cash out of the US dollar, the less you’re going to get for your winnings
“The world is getting closer to that end game every day,” says Rickards, who just finished writing the sequel to his bestselling Currency Wars.
Interview with bestselling author James Rickards.
Could the US government grab the gold as they did in 1933?
We think Tim Geithner (with Bill Dudley as an alternative) will take over the Fed when Ben Bernanke steps down next January, and it seems by all indications that the table is already being set.
Did the price of paper gold (futures) divorce from the price of physical gold?
When the reign of «king dollar» finally comes to a belated end, let’s hope all the gold we allegedly have stored in Fort Knox is actually there.
Is Bitcoin money? In brief, no it’s an irredeemable currency.