Jim Rickards, a senior adviser to the Pentagon and the CIA, reveals the kind of scenario the US agencies are war-gaming intensively ! It is very important to see this presentation because it is EXACTLY the scenario Lindsey Williams has been warning about: a currency war that leads to a derivatives meltdown and financial collapse !
In order to understand who Jim Rickards is, just look at what wikipedia says:
James G. Rickards is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is a writer and is a regular commentator on finance. Rickards advised clients of an impending financial collapse, of a decline in the dollar and a sharp rise in the price of gold, all years in advance. Rickards is the author of The New York Times bestseller Currency Wars, published in 2011.
Rickards graduated from Cape May High School in Cape May, New Jersey in 1969. He graduated from The Johns Hopkins University in 1973 with a B.A. degree with honors and in 1974, from the Paul H. Nitze School of Advanced International Studies in Washington, D.C. with an M.A. in international economics. He received his Juris Doctor from the University of Pennsylvania Law School and an LL.M in taxation from New York University School of Law.
In 1981, Rickards was involved in the Iran hostage crisis. As general counsel for the hedge fund Long-Term Capital Management (LTCM), he was the principal negotiator in the 1998 bailout of LTCM by the Federal Reserve Bank of New York.
Rickards worked on Wall Street for 35 years. In 2001, he began using his financial expertise to aid the U.S. national security community and the U.S. Department of Defense. From 2002 to 2006, he advised clients of an impending financial collapse, of a decline in the dollar and of a sharp rise in the price of gold, years before any of these events took place.
He already depicts a dire economic situation in the US that will lead to a collapse in its current path anyway, but just wait until he adds elements of a derivatives meltdown to it !
Now everybody must be thinking that things are getting better, the DOW reaches new highs (although FED printed money are hard at work), US economy is creating jobs (where we showed this is communist propaganda, and on top of that, due to Obamacare, a countless number of companies are scrapping full time jobs and replace them by creating more part time jobs – under 30 hours a week – see this and this), when really under the bonnet the crisis situation intensifies:
FED injects record 100 billion of cash into Europe this past week !
