Tag Archives: Jim Rickards

The 2008 Collapse Will Continue Without More QE

Craig “Turd Ferguson” Hemke invited me onto this Thursday A2A podcast show last Thursday.  As usual, Turd does a great job of blending irreverent humor and truthseeking in order to flush out cutting-edge insight on the issues affecting our markets.  In this episode we discuss:

  • The history of DeutscheBank and how this is all still relevant today
  • Jim Rickards and his role as a “spokesperson” for gold
  • The relative safety of working with different custodians and online clearing firms
  • The benefits of owning shares in streaming/royalty companies
  • And, as usual, a whole lot more

You can hear our conversation and the excellent questions asked by the members of Turdville here:   A2A with Dave Kranzler of Investment Research Dynamics

I Have Good Company With My View That Rickards Is Full Of B.S.

All this says to me that people who are perceived as being credible keep circulating these absolutely preposterous myths. But if people want to believe the fairly tale that the United States still has all its gold safely vaulted in places like New York and Fort Knox, they are telling you that this is how all this synthetic gold has in fact been created.

That quote and the one below is from Hong Kong-based fund manager, William Kaye on King World News (LINK).

The U.S. government is essentially communicating to people through its agents that we still have all that gold in our vaults and to prove it, here is the serial number.  So, if necessary, just show up with this piece of paper and we will deliver the gold.

I have said all along that Rickards is a front for the Government and is trying to sell the idea of using the IMF SDR to the world as a reserve currency replacement for the dollar.   In other words, the elitist insiders high up in Government know that the dollar’s days are numbered.   But the dollar is by far the highest percentage component of the SDR  (42%). This remedy would extend the ability of the U.S. to kick  the can of its economic demise down the road.  Too bad for the U.S. that the IMF SDR will not be the dollar replacement.

My Easy Trade idea is still valid.  It’s bounced nicely from its low on Friday and we’ve made a nice gain in the fund from taking delivery of the stock from the puts I shorted Friday morning.  For anyone who buys the report, I will still offer free options trading advice/strategies if you email me after you’ve read the report:   Easy Trade Idea.