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Jim Rickards: Fed Will Taper In September Or Never, And The Looming Monetary System Collapse


Bob asks James Rickards, author of ‘Currency Wars’, about his Fed tapering timeline and looming fiscal problems in China. Then Perianne breaks down all the controversy surrounding Minimum Wage. Finally, Rachel and Bob duel over too big to fail. Could Apple be next?

Episode 138: Félix Moreno interviews T. Ferguson of the tfmetalsreport.com. They discuss the end of the great Keynesian experiment, how the current economic and monetary system will fall apart and how to prepare for it.

Ferguson and Moreno discuss the Fed’s takeover of the US Treasury market, the impact of QE on interest rates and how any attempt by the Fed to stop suppressing interest rates would have huge fiscal repercussions. They discuss the gold market, its fundamentals and the recent moves in the price of gold. They comment on the similarities to the previous gold bull market in the 1960s and 1970s — including the infamous London Gold Pool and how it fell apart, leading to a huge rise in the gold price.

They also talk about Bitcoin and the concerns over privacy that digital currency raises.

This podcast was recorded on 9 July 2013.

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