Bannons War Room, Released on 9/27/24
Who’s the greatest threat to the dollar and U.S. Treasury securities? It’s not Putin or Trump. It’s Janet Yellen. We cover this danger in my new interview on Steve Bannon’s War Room.
Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis
Jim Rickards: Janet Yellen is the greatest threat to the dollar and U.S. Treasury securities added by Herman James on
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The Old Komodo
J Rickards cannot possibly believe the USA retains 8133 tons of gold after not being audited since the 1950s.
Sadly, when I hear a canard like this, the confidence I have in the purveyor wanes.
I was thinking exactly the same thing
Where is all this gold?
Maybe under WTC 7 that was not hit by a plane (Tammuz)
Like the Twin Towers and the Pentagon (Nimrod – Semiramis)
Along with all the ENRON Investigation Documents
Like Oklahoma it has been postulated housing documents pertinent to the failed
Penn Square Bank
Let us see it
He’s often interesting and entertaining but he’s also a lawyer and government insider. How much more do you need to know?
How does being a lawyer pervert his perception of reality?
Do you think he actually believes that the U.S. has as much gold as is stated here or is he just towing the party line?
QUOTE:
BCBob
Reply to Jim
1 day ago
J Rickards cannot possibly believe the USA retains 8133 tons of gold after not being audited since the 1950s.
TO the point, how does him being a lawyer pervert this perception? I agree being a political insider may, as there is a possible pay-off for him within that arena, but I fail to see how being a ‘lawyer’ does the same. That’s all.
I decided to listen to Rickards again and to me he sounds as if he really believes that all of the gold is still there. Does he actually believe this? Only he knows, but that doesn’t really matter. He may suspect that all eight thousand tons are no longer owned by the U.S. but unless he’s really an insider he doesn’t know any more than you or I as to it’s actual existence.
Which brings me to my point. I never implied that being a lawyer somehow perverts one’s perception of reality. So how does his being a lawyer enter into this.
Consider a lawyer defending a client. A defense attorney might believe (without knowing for a fact) that his client is guilty of a crime but is still expected to present all of the facts and represent his client to the best of his abilities to see that his client gets a fair trial. Rickards uses the government’s stated position of 8,133 tons of gold to make his argument. He might believe that the number is much lower, but he doesn’t know that for certain. He isn’t lying, he’s simply presenting the facts hoping to make his case! (The “fact” here being the widely accepted notion that the U.S. has 8,000 tons of gold). Without this “fact” his argument (case) falls apart.
Well, two things. A defence lawyer lets the court decide the guilt, provided the lawyer doesn’t mislead the court, for example, by tendering evidence known to be false.
Second, the alleged 8133 tons of gold is not a “fact”, it is simply alleged evidence.
But I follow your point: analyses are routinely made with numbers the state provides even though everyone knows they are BS, like the CPI.
GREAT…we agree!
(I put the word fact in quotes for the exact reason you stated, Bob!)
So I’ve been arguing with myself…. not the first time I’ve misunderstood the other side. :).
Cheers.