3 Min. Gold News – Jim Rickards – Fox Business – January 13, 2016

3 Minute Gold News

A Quick Read for Busy People

A synopsis of an interview with Jim Rickards, New York Times bestselling author of The Death of Money, Currency Wars, and the soon-to-be-released The New Case for Gold, by Charles Payne at Fox Business.

Jim is the editor of Strategic Intelligence, Chief Global Strategist for West Shore Funds, former general counsel for Long Term Capital Management, and a consultant to the U.S. Intelligence community and U.S. Department of Defense.

Topics:

 

U.S. Economy

 

 

Rickards - Brisbane

Jim Rickards

Interview Link

 

U.S. ECONOMY

Jim wouldn’t worry about the last recession and whether or not there’s a full recovery.

He’d be more worried about the next recession, which probably started in December, and if not then it’ll be the first quarter of this year.

The U.S. is heading into a recession.

Don’t read too much into the labor statistics. Labor statistics is a lagging indicator — people keep hiring heading into a recession, and that doesn’t turn down until after a recession begins.

If you look at manufacturing, world trade and flattening yeild curves you’ll see a lot of data that says we’re heading into a recession.

The President is hurting business investment by piling on regulations, but most of the blame you can lay at the feet of the Federal Reserve.

The Fed is tightening into weakness.

Why do you tighten into weakness? You should never do that.

DEPRESSION

The U.S. had a depression in 1919 that lasted eighteen months. The one in 1929 lasted twelve years.

The difference was uncertainty.

When there’s uncertainty nobody wants to make any commitments.

 

Jim Rickards can be found on Twitter and at James Rickards Project.

 

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Gold is $1,094.10 U.S. per ounce.

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Not Much of a Holiday
words and music Elaine Diane Taylor
© 2015 Intelligentsia Media, Inc. All rights reserved.
SOCAN/ASCAP
Single available on iTunes

The Greek bank holiday and long lines to get a few euros for the day. Debt deals behind closed doors. The media telling us what opinions to have. China building islands in the South China Sea and claiming all the international waves. More dealing to come. More standing in line for those who owe. Who owes? There’s a long line of nations in debt and this is far from done.

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AlbumCover.PreparingfortheFall

 

Preparing for the Fall live boutique album is available on iTunes — featuring Wag the Dog, Black Swan Dive,  American Pie and Gods of the Copybook Headings.

 

 

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Coins and Crowns
words and music Elaine Diane Taylor
© Intelligentsia Media Inc. All rights reserved.
SOCAN/ASCAP
from the album Coins and Crowns available on iTunes

Single featured in Episode 1 of Mike Maloney’s documentary series Hidden Secrets of Money.

When a nation leaves the gold standard and sound money, and borrows to go to war, then hunger goes up, hope goes down, anger goes up, then it all goes down.

 


The Gods of the Copybook Headings
words by Rudyard Kipling and music by Elaine Diane Taylor
©2014 Intelligentsia Media Inc.
SOCAN/ASCAP
from the album Preparing for the Fall available on iTunes

The copybooks of the early 1900s gave us all the wisdom we need. The sayings that were copied are the truths, the gods, of our world. All the empires who followed the gods of the marketplace instead have fallen, and there’s terror and slaughter when the gods of the copybook headings return. The lyrics are by Rudyard Kipling. One of my gurus.

 

Another Week on Wall Street
words and music Elaine Diane Taylor
© 2013 Intelligentsia Media Inc. All rights reserved.
SOCAN/ASCAP
from the album Coins and Crowns available on iTunes

See the bankers wave their Wall Street wands and conjure piles of paper green. Naked short selling is like betting that your neighbour’s house will burn down. But in this scenario it happens to burn down. If the bankers win then we lose the whole world as we know it. I wrote this in 2009, with a lyric “A little grease (Greece) is floating out to sea, and little pigs (Portugal, Italy, Greece and Spain) are bobbing up and down, they’ll send a storm and we’ll see, when the tide goes out who’s naked on the beach“, and it’s coming on now. The world is changing as we know it.

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Nothing on this site is intended as individual investment advice. We’re all watching which way the wind is blowing.

 

 

 

 

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