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GoldSeek Radio Nugget: James Rickards and Chris Waltzek

GOLDSEEK RADIO
By: Chris Waltzek, GoldSeek.com Radio

 -- Published: Friday, 6 October 2017 | Print  | Disqus 

Highlights

  • James Rickards makes his show debut, author of The New Case for Gold, the private placement, MERAGLIM and the James Rickards Project.
  • As a key negotiator in the 1998 LTCM bailout and advisor to the DoD / CIA / Los Alamos, James Rickards outlines sophisticated analytical models.
  • Bayes' Theorem, a conditional analysis method facilitates forecasting the tipping point / phase transition of highly complex systems.
  • The global financial system nearly imploded in 1998, then again in 2008; his models suggest that by 2018 a new financial fiasco could materialize.
  • The US Fed increased the balance sheet from $800 billion to $4 trillion since 2009 while holding rates near zero for 6 years without normalizing.
  • The operations exposed the world's most important CB vulnerable to a new economic meltdown.
  • Once the inevitable implosion begins in earnest, our guest expects the IMF, the lender of last resort to distribute its own currency, SDRs.
  • Similar to Kurt Vonnegut's epic SciFi novel, Cat's Cradle (free PDF) our guest draws parallels between Ice-9 and the global economic system.
  • The global economy could suddenly freeze up, with startling implications for all 7 billion inhabitants.
  • The seasoned lawyer confirms the suspicions of many, including GATA.org, inadequate bullion exists to support the 1:100 gold to paper contracts.
  • James Rickards echoes the thoughts of several guests, supporting the solid case for $10,000 gold and perhaps much higher.
  • Policymakers who believe the gold at Fort Knox / West Point / NY Fed is sufficient to sustain the economy are mistaken.
  • The stockpile is likely leveraged 10:1 or even 100:1, leaving the US Treasury vulnerable to bankruptcy.
  • China has plans to eclipse our national gold reserves via the purchase of 3,000 tons of gold in the next 2 years, $130 billion, at the current price level.
  • Key takeaway: it is advisable to procure precious metals and related shares at current levels.
  • James Rickards presents an overview of his Meragrim private placement that uses the cutting edge AI from IBM's Watson to predict / forecast essential outcomes in the geopolitical arena (figure 1.1).

James Rickards, best-selling author of The New Case for Gold, of the private placement, MERAGLIM and The James Rickards Project, makes his show debut. As a key negotiator in the 1998 LTCM bailout and advisor to the DoD / CIA / Los Alamos, James Rickards employs sophisticated analytical models, based on Bayes Theorem, a conditional analysis method used for forecasting the tipping point / phase transition of highly complex systems, such as weather patterns and financial markets. The global financial system nearly imploded in 1998, then again in 2008; his models suggest that by 2018 a new financial fiasco could jeopardize the entire banking system, including the central banks. The US Fed increased the balance sheet from $800 billion to $4 trillion since 2009 while holding rates near zero for 6 years without normalizing, or unwinding the QE operations, leaving the world's most important CB vulnerable to a new economic meltdown. Once the inevitable implosion begins in earnest, our guest expects the IMF, the lender of last resort to distribute its own currency, special drawing rights (SDRs) by the trillions to the Fed, PBoC, ECB, BoJ and the BoE. In similar fashion as Kurt Vonnegut's epic SciFi novel, Cat's Cradle (free PDF) our guest draws parallels between Ice-9 and the global economic system; the entire world economy could freeze up suddenly with frightening implications for all 7 billion inhabitants. After spending years delving into the minutiae of most gold lending contracts / arrangements, the seasoned lawyer confirms the suspicions of many, including GATA.org, there's inadequate physical bullion to support the more than 1 : 100 paper gold contracts. James Rickards echoes the thoughts of several guests, making a solid case for $10,000 gold and perhaps much higher. Policymakers who believe the gold at Fort Knox / West Point, NY Fed is sufficient to sustain the economy are mistaken - the stockpile is likely leveraged 10:1 or even 100:1, leaving the US Treasury vulnerable to bankruptcy. China has plans to eclipse our national gold reserves via the purchase of 3,000 tons of gold in the next 2 years, $130 billion, at the current price level. Key takeaway: it is advisable to procure precious metals and related shares at current levels as it may prove difficult, even impossible to do so at reasonable prices in the not so distant horizon. James Rickards presents an overview of his Meragrim private placement that uses the cutting edge AI from IBM's Watson to predict / forecast essential outcomes in the geopolitical arena (figure 1.1).

Figure 1.1. IBM's Watson AI Supercomputer Beats Human Rivals on Jeopardy

Note. Disclosure - Goldseek.com employees were not compensated in any capacity by Meraglim. This interview is presented as informational / educational content and must not be construed as investment advice or as an endorsement. Goldseek.com LLC and the host cannot accept liability for the outcome of any investment decision.


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 -- Published: Friday, 6 October 2017 | E-Mail  | Print  | Source: GoldSeek.com

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