James Rickards on the IMF becoming a Central Bank and the Fed becoming a Hedge Fund

To watch more visit us @ http://www.youtube.com/CapitalAccount
Watch the full episode @ http://www.youtube.com/watch?v=vJdv_FwX9Ko
http://twitter.com/laurenlyster
http://twitter.com/coveringdelta

More rounds of ammunition were fired off in the global currency wars today, as six of the world's central banks including the Federal Reserve, Bank of England, and the European Central Bank coordinate to get cheap dollars to starving European banks. Meanwhile, across the pacific, China is cutting its reserve requirements by 50 basis points for the first time in nearly 3 years, a sign that the world's second largest economy and biggest exporter is now reversing its policy of trying to curb inflation and loan growth. We are joined by James G. Rickards, author of Currency Wars to discuss these issues, as well as the growth in gold buying and gold repatriation by foreign central banks, the world over. We also speak to Jim Rickards about the role he thinks the IMF and its global SDR will play in the years to come, and if the latest bailout 600 billion euro Italian bailout rumor may be just the opportunity for the IMF to step up as a player in the global currency war.

Category:

News & Politics

Tags:

• Capital Account
• Lauren Lyster
• James Rickards
• Jim Rickards
• Currency Wars
• RT
• RTAmerica
• Markets
• Finance
• Economy
• Gold
• US
• CHINA
• Mexico
• Venezuela
• Nouriel Roubini
• gold standard
• deficits
• debt
• treasuries
• government
• bretton woods
• russia today
• devaluation
• inflation
• swap lines
• dollar

[turbotrana]

Sexy and brains . I just luv that James Rickards.

[bamboo4tameshigiri]

Central banks = ZERO sovereignty

[Cynthia5314]

James Rickard's citing of "the losers" in his assessment of IMF takeover of Fed central bank function, is better articulated as those most impacted by IMF austerity programs imposed upon the US. It is not sufficient to say the losers are those categories of social employment or even fixed income, as it is not a re-distribution scheme (although it does have an effect toward balancing inequalities in the global economic system as it is). This premise does not support his assessment of the IMF.

[beatDPJ]

IMF is under control of bankers in FED...

[derfilmmacher]

@ThoughtCrime7 I bought gold in 2000 after Greenspan said he was going to hold interest rates below the inflation rate.

[SSTTEEAALLTTHH]

Hey Fed, I don't want your money or tyranny. It's bad enough I have to put up with ECB, IMF and WorldBank tyranny. Stay in the US, globalist scum.

[sickayda]

@zinkerled if you have money in the bank, get it out!!

[sickayda]

Ya will do what ever it takes to ruin America because because we don't live here, uhu we have to be able to squeeze every dollar from all the people of America and then inslave them while in the prosses will take all their rights from them so if they complain then will just take and make them dissapear to never be seen again, yes uhu its bad news for all of us exept us elite, uhu we have to keep gabling with all the billions.

ITS ALL CRAP PEOPLE WE ARE IN BIG TROUBLE TAKE BACK AMERICA!!!

[tommy0135]

Just throw dollars at it. It's worked so well before...

[ThoughtCrime7]

Hats off to those who saw it coming years ago - Alex Jones, Gerald Celente, Webster Tarpley. They said the IMF would become the bank of the world through a manufactured global financial crisis. No one can call them "conspiracy theorists" or "alarmists" or peddlers of "pessimism porn" now. Thanks to them I bought gold in 2006. The truth can be profitable!

[kno1self]

I wish I was a diamond ring upon Lauren Listers hand

Every time she wiped her arse I'd be in the promised land