Exclusive Interview – James Rickards: “Ben Bernanke a Greater Threat to US Dollar Than Communist China”
December 3, 2011 | By Tekoa Da Silva
I had the fantastic opportunity yesterday to connect with James Rickards, Senior Managing Director of Tangent Capital Partners, and author of the recent New York Times Bestseller, “Currency Wars.” It was an outstanding interview, and in my opinion, James will be known as one of the great financial visionaries of our time.
During the interview, we talked about James’ fascinating experiences working with the Pentagon’s first ever “global financial war” simulation game, in which participants fought using financial market instruments and political posturing. On risks to national security via the financial markets, James commented, “The likelihood of a collapse[US Dollar, Bond & Financial Markets] is higher than a lot of analysts assume…..therefore we are in very dangerous territory.”
As we moved on to discuss the Federal Reserve, James said, “Ben Bernanke is probably a greater threat to US dollar stability than the Chinese Communist Party,” in that, “his beliefs on monetary policy aren’t dynamically stable. He believes there’s no limit to the amount of money you can print, and if the economy is in trouble, print more, and if bank’s are in trouble print more, and if Europe’s in trouble print more.” One of James’ most powerful comments of the interview was, “The Fed thinks they’re playing with a thermostat at home–but in reality, they’re playing with a nuclear reactor–and the danger is they melt the thing down”
For those seeking to prepare for and understand the coming turmoil the financial and currency markets, this interview is required listening.
To listen to the interview, left click the following link and/or right click and “save target as” or “save link as” to to your desktop:
Interview also available on our YouTube Channel
To learn more about James & his services visit: Tangent Capital
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