Fed Is Making Same Mistakes As Japan...Rickards Says!

Nov 10 2011 Bloomberg) -- James Rickards, senior managing director of Tangent Capital Partners, talks about Federal Reserve monetary policy and the possible impact on the U.S. economy. ¶ Rickards also discusses the gold standard and his book "Currency Wars: The Making of the Next Global Crisis." He speaks with Deirdre Bolton on Bloomberg Television's "Money Moves." James Grant, publisher of Grant's Interest Rate Observer, also speaks.

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[NicosMind]

The gold exchange standard apart from the price still being wrong was still a false gold standard. It was a gold standard for governments but allowed for massive inflation for the rest of the economy. A true gold standard has all paper tied to gold and not just a fraction of it. To allow any of it to inflate beyond the gold that exist forces the real price up and to allows anyone in that arbritage position to buy up gold cheap. For instance Charles de Gualle

[optionsupdate]

@Doenietmeermee i do not understand?

[Doenietmeermee]

@optionsupdate any type of name calling is useless if you do not give me the definition, you got the point, I would not know what you consider wet, what is wetty?

[optionsupdate]

@Doenietmeermee fair value current value what is the diffderence

[Doenietmeermee]

for that gold price is he using fair value or current value? dreams and wet dreams

[Doenietmeermee]

sats = says

[Doenietmeermee]

off topic but fyi mqFWfX97axE, since the circle is round