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Tuesday, 25 March 2014

The Death of Money - Gold Bugs Buzzing

Reality Confronts Money

James Rickards: International Monetary System Headed for Collapse

  By Dan Weil




The prognosis for the global financial system isn't bright, says James Rickards, senior managing director of Tangent Capital Partners and author of the upcoming book, "The Death of Money: The Coming Collapse of the International Monetary System."


Nowhere to run, nowhere to hide
"The international monetary system has actually collapsed three times in the past 100 years: 1914, 1939, and 1971. So these things do happen," he told Kitco News."I’m just trying to prepare the reader for first of all, the fact that it’s coming, and secondly as an investor what you can do now to protect yourself."



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Comments 

You may be wondering why we are showing the cover from Limits to Growth. One, because there actually are physical limits to growth. Two, as you approach those limits of physical exhaustion, then currency debasement occurs. In the end, do you think currency has any value if the originating resource inputs are depleted? 

Three. Simple - right!  But, only madmen and economists think otherwise, as the Bank of England finally declared and reported this past week. Somebody is starting to figure it out.

Who's sorry now?

Investors Insights
March 25, 2014

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