Following a recent keynote presentation at the Sprott Natural Resource Symposium, James G. Rickards, best-selling author and advisor to the U.S. Department of Defense and Intelligence Communities, was kind enough to share a few comments with the Sprott’s Thoughts publication.
It was a fascinating conversation, as Jim noted the world’s monetary structures resemble, “Two tectonic plates; there’s the natural tectonic plate—deflation—and then…the policy plate of inflation—which is money printing, currency wars, QE, operation twist, negative interest rates, and zero interest rates…”
“These [tectonic] forces are not only coming together,” he explained, “[But] they’re getting more powerful and they’re going to snap…When? No one knows… [But] the effect will be dramatic.”
That tectonic “snap”, Jim described, will have devastating impact on peoples’ confidence in fiat currencies. “Confidence will be lost very quickly,” he said. And like a coiled spring, “You will have your inflation—all at once.”
Even more chilling was a recent conversation Jim had with banking & government officials, while at the Pentagon.
“I was down in Washington, DC,” he explained, “[And visited] the Pentagon. We were doing a closed door war game [with] maybe 20 people around the table…government officials, CIA, military, think tank people and bankers, etc.
To read Jim Rickard’s full interview comments, click here.
Please email with any questions about this article or precious metals HERE
Posted with permission and written by Tekoa Da Silva, Sprott’s Thoughts (CLICK FOR ORIGINAL)
The post Jim Rickards: “There Will Be A War On Gold” appeared first on crude-oil.top.