James G. Rickards
James G. Rickards is an American lawyer, economist, and investment banker. He is a regular commentator on finance, and is the author of The New York Times bestseller Currency Wars: The Making of the … Wikipedia
Education: Paul H. Nitze School of Advanced International Studies, More
Atlas Monitor | 9 Sept 2014
Investment guru and financial analyst Jim Rickards breaks down a potential global financial and economic cataclysm.
Financial analyst Jim Rickards is also a consultant-advisor to the CIA and the Director of National Intelligence for financial threats and asymmetric warfare and is predicting what he calls a “financial Pearl Harbour” that will see a 70% crash in value on the stock market that will unleash a $US100 trillion meltdown in its aftermath.
Rickards notes that the US federal debt has reached catastrophic proportions at $17.5 trillion along with $127 trillion in unfunded liabilities; as well as a spiralling downward trend in economic return on the US dollar that has dropped from a $2.41 return from every dollar invested during the post-WWII boom years of the 1950s and 1960s; to $0.41 during the stagflation period of the 1970s and 1980s; to currently $0.03 which will soon go negative.
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