Dollar Decline, Special Drawing Rights (SDRs) & IMF as World Federal Bank - Jim Rickards

[Johnnybluejohn]

That is probably the smartest thing i've ever heard anyone say ever!

[LibertyandEconomics]

Thanks for posting. I had not seen this bit and I am glad that I now have. He's right. The thing the Fed is best at is devaluing the currency.

[Fraxle]

Scary stuff here.

[LisaJ4Liberty]

This man has got to be kidding. 4 percent inflation for 17 years won't even begin to reduce the devt to a managable level. Also consider that real inflation is normally 6 percent. So he is full of it in what he's saying, and he probably knows it. What's amazing is, these interviewers are just nodding their heads like he's making sense.

[LisaJ4Liberty]

devt = debt

[oreengineer77]

he said 4% inflation over 20 years cute the value of the dollar in half. That is true. Take 100 dollars, and inflate by 4% a year --> 100 x 1.04^20(years) = 219.11 dollars, 20 years later.

[bmwm3cs]

@oreengineer77 okay? So you you calculated simple interest....what's your point?

[bossduff]

@LisaJ4Liberty Let us not forget that the government continues to add to the debt by about a trillion plus every year. What a train wreck. He has his people in gold and that is were they will stay.