Posts Tagged ‘Jim Rickards’
How the Dollar Could Lose Reserve Status Quickly
Last week, I commented on the deal to increase the debt ceiling, offering my take that the Federal Reserve will be forced to fund the majority of future deficit spending, culminating at some point with an ugly economic reset. Part of what I believe is eventually coming is the displacement of the US Dollar as…
Read MoreDebt Consequences
Worldwide debt is at record levels. When the currency creation stops or slows, I expect to see an ugly deflationary environment emerge as the debt is purged from the system. It doesn’t take an economist to realize that when there is too much debt to be paid, some of it won’t be paid. …
Read MorePrecious Metals Outlook and Inevitable Changes
As I suggested last week, metals markets continued to consolidate after a big run-up. Further consolidation or pullbacks are likely but long term, I expect precious metals to remain in a bull market. In the September issue of my client newsletter, the “You May Not Know Report”, I illustrate the volatility that has often existed…
Read MoreBailout or Not: Many States and Cities Are In Trouble
As I suggested might happen on my “Portfolio Watch” live webinar last week, both gold and silver pulled back after big, parabolic moves up. It would not be unusual to see the pullback continue for a bit or to see these markets consolidate. From a fundamental perspective, I remain bullish on precious metals. By my…
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