Friday, December 5, 2014

Video: It's totally engrossing, extremely depressing, completely believable and hopefully incorrect!

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Or, if that doesn't HIT the spot, might I suggest The Obama Punching Bag instead?

The 25-year Depression

While the thoughts espoused in this video are hopefully incorrect, the fact of the matter is that Jim Rickards take on the US dollar as the global reserve currency, predicted collapse of the US economy, unsustainable expansion of US debt, risks to US national security, failure of Federal Reserve policy and an extended economic depression are unfortunately (and for some readers predictably) nothing that I don't agree with!

While at the end of the day (and towards the end of the video) he may be trying to sell a book and other 'stuff', his facts along with his governmental pedigree speak for themselves!

And what he says, particularly about the Federal Reserve, is nothing that we haven't said before at The Political Commentator.

(Note: I am not a huckster for Rickards nor do I have any financial interest in anything he is selling. What I am is a believer that his thoughts, whether you believe them or not, should be heard!)

Bernanke's successor will be caught between reality and a hard place!
Ben Yellen: Blather from the Ivory Tower!
Global Economic Policy And The Snake Oil Salesmen Who Sell It! (Bonus Video)

"Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one," he said.

"But all signs are now flashing bright red that our chickens are about to come home to roost." - Jim Rickards


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