Jim Rickards - Economics and National Security - Part 6

[Icriedtoday]

Around 7:38+ What's worse is that after WWII, most all of our potential competitors in manufacturing had their infrastructure destroyed. If Germany wanted a car, they had to get it from the USA. If the Japanese wanted a radio, it came from the USA. China too. Great Britain too., etc. Today, with the same debt/GDP, we make nothing.

[bob78145]

iF EVERYBODIES CURRENCIES IS WORTHLESS, WHAT ARE YOU GONA USE TO TRADE ?? GOLD !!

[pfeiffer101]

1:55 - I disagree with his statement that the negative trade balance with Europe was to help get Europe going. Look at the cars that were built in the US at the time. Most Europeans wouldn't have been able to afford the gasoline for those guzzlers. Basically the US wasn't producing a lot of stuff that the Europeans wanted to buy.

[curtisekstrom]

I've listened to Mr. Rickards on several occasions and am always impressed by his sobriety and meticulousness. But I wonder: @ the 10:00 min mark it almost sounds as if Plan B (gold) is more like our Plan A behind the scenes. If we know that we can simply switch to gold in case the printing press ultimately destroys the dollar -- what's the point in heeding the warnings against inflation? We can't pay the debt back anyway, so why not float the paper raft while it's bouyant?