Jim Rickards: Currency Wars Simulation



Check out my articles for more! http://estess.hubpages.com/_youtubetrack/hub/paper-money-history http://estess.hubpages.com/_youtubetrack/hub/Chinas-Strategy-Appreciating-the-Yuan Full video can be found at: http://www.youtube.com/watch?v=fW3fZzfHEX4

Comments

  1. 5 years later....2017 and nothing......
  2. LOL WESTERN PROPAGANDA..... SO ITS TRUE U CANT TRUST THE UNITED SATANIC ARMY THEY MAKE DEALS & THEY DONT KEEP THEIR WORD. YOU HERE ME NSA, SO WHAT IF THE US BOUGHT THE GOLD & THEN DEMANDED DELIVERY. I CAN BET GHEY WOULD SEND THEIR SATANIC ARMY TO GET THRIR GOLD. BUT CHINA SHOULD HAVE LEARNED THIS LESSON AS I HAVE WHEN NIXON FUCKED BRITAIN OUT OF THEIR GOLD.
  3. Situation 6: Bitcoin
  4. i understand the high oil prices due to high demand low supply ,but why gold prices rise so high,because Gold is use just as jewlwery or in banks needs not common need ,anybody help.
  5. I am not proud of it, but i haven't understood one fucking word of this video
  6. It's long past time to get away from oil-based economies. And, if I had a choice, I'd rather have a warehouse full of MRE's, medical supplies, and ammo than a warehouse full of gold.
  7. Rickards recommends that you hold just 10% of your savings in gold.
  8. the plan is working!
  9. All the predictions were way off. Stock market did great from 2012-2015. USD had massive deflation, and not inflation. Gold and oil went down despite chaos in the middle east. Guys like Rickards and Schiff have obviously fallen in love with gold, so now they just say to buy gold every year, repeating it like a broken record. Of course, once every 7-10 years, they are right. Then they say "I told you so!"
  10. euro already collapsed, gold and oil at new lows,..................
  11. great video
  12. He must be fun at parties
  13. This is the first time i have seen my motherland CYPRUS, written as CYPRESS.
    I do have to admit though, i had no idea that we were a backdoor to Chinas overstocking of gold.
    Still Cypress???? I mean you are going to publish something right, did you spell check it before you do???? :)

    I hope this film was not done by any major TV channel or similar. :)
  14. I absolutely agree with the comment below -- "The only thing hypothetical and extreme were those acting skills."

    Just over the top .. both the idea and the acting !! :)
  15. In a way this is exactly what is happening now !!!!!!
  16. Simulation 6:  China devalues Yuan, USA and Israel bomb the Tianjin Port
  17. I don't think this video should be on YouTube you may give the Chinese people the creative ideas to bring this into reality
  18. Who gives a shit about gold? You can't eat gold. You can't power your house with gold. Cars and tanks don't run on gold. We're no longer under a metal standard or international fixed exchange rate. We have (for the most part) free floating nonconvertible fiat regimes. China exported net wealth to the world for so long in order to acquire foreign currency (dollars) which which to buy technology and strategic resources. Their army is seriously behind that of the US. And contracts (especially between geopolitical rivals) are not sacrosanct.
    Jim Rickards' scenario is really deluded. The root demand for all fiat currencies is government money taxation. Since you can only pay your taxes and fines in government IOUs, everyone in society wants to obtain profits, wages, and pensions in the government's IOUs.
    As for oil, the Saudis are price setters. They set the dollar price of crude, then allow the rest of the world to buy how much they want at that price. The only way to get hold of US dollars is to send exports to the US or obtain loans from the US government, either directly or indirectly (like via the IMF).
    More so, Rickards proves that he doesn't know the difference between monetary operations and fiscal operations. QE is NOT money printing. It's a SWAP operation. Money printing, i.e. helicopter drop is fiscal policy! The trans-atlantic system is haunted by the specter of deflation, not inflation or hyperinflation. There's so much capacity utilization left idle within the US and the EU.
    See the USA's lost output clock since the start of the crisis and up to the present:
    http://lostoutputclock.com/
  19. Thank you for the post, I appreciate the insight.
  20. 2 countries run by Jews America and Israel both very powerful both war mongering.


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Duration: 8m 20s

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