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Well worth a listen – A keynote speech by Jim Rickards

September 19, 2013

In the past I have spoken to Mr. Rickards on a daily editorial. I really enjoy hearing what Mr. Rickards has to say on monetary policies around the world and the state of the U.S. economy.

Click here to listen to Jim Rickards daily editorial.

In this keynote speech Jim talks at length about Bernanke’s stretch as Fed Chairman and the issues facing the U.S. dollar in the near future.

Click here to watch Jim Rickards keynote speech.

 

Discussion
8 Comments
    Sep 19, 2013 19:29 PM

    Thanks Cory,
    Well worth the time investment!

    CFS
    Sep 19, 2013 19:53 PM
    CFS
    Sep 19, 2013 19:57 PM

    http://www.federalreserve.gov/releases/h8/current/h8.pdf
    gives the Fed Data.

    If QE is about the economy and jobs; why is more than 50% of the money being printed going to, and sitting in, the Fed bank account held by the U.S. subsidiaries of foreign-owned banks? Her is the money trail. Since “QE” began, the Fed has printed up roughly $2.8 trillion dollars. Of that $2.8 trillion, roughly $2.3 trillion is sitting in the banks’ “excess reserve” account at the Fed. Of that $2.3 trillion, $1.193 trillion has gone to U.S. banks charted in this country. However, $1.225 trillion has gone to the foreign banks with operations in the U.S. You can find these numbers in the Federal Reserve Board report on Assets and Liabilities in the United States, Table H.8 in the ref. above.
    OR….
    If QE is all about trying to stimulate an economic recovery, then how come 82% of everything the Fed has printed up is sitting in the “cash accounts” of the banks at the Fed? The only explanation I can see is that the Fed is engaging in this money printing in order to prevent the banks from collapsing. There can be no other explanation.

    I’ve got gold, but also land, houses and lots of food to wait out the future……
    The main question is in which continent do I have the best chance of a good life?
    Hint: North America is not on the short-list when TSHTF.

    Sep 19, 2013 19:24 PM

    Rickards used to be a steady guest on KWN. i don’t know why he has not been on the show in a long time. It would be great if your organization had him on as a guest.

    CFS
    Sep 19, 2013 19:46 PM
    CFS
    Sep 20, 2013 20:52 AM
      Sep 20, 2013 20:57 AM

      Please tell me about this site.

      Thanks

    har
    Sep 20, 2013 20:18 AM

    “Charles Koch Institute” ????