Saturday, October 27, 2012

How Global Financial Collapse Can Happen: A Currency Wars Simulation

James G. Rickards is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is a writer and is a regular commentator on finance. Rickards advised clients of an impending financial collapse, of a decline in the dollar and a sharp rise in the price of gold, all years in advance. He believes the United States needs to go back to a gold standard and was one of the first to promote this view. Rickards is the author of The New York Times bestseller Currency Wars: The Making of the Next Global Crisis, published in 2011.

Rickards has assisted both the Pentagon and the CIA in war gaming global currency wars that lead to global financial collapse. He explains one likely scenario in this video.

60% of American views China as a threat to U.S. national security. -- Gallup Poll

"We're not naive about the relationship and neither is China." -- Defense Secretary Leon Panetta

Derivatives are "financial weapons of mass destruction." -- Warren Buffett

"We're going to have a catastrophic event in cyber security." -- Admiral Mike Mullen, Former Chairman of the Joint Chiefs of Staff

"Ben Bernanke's dollar weakening policies could be more dangerous to our economy and the national security of the United States than al-Qaeda." -- James G. Rickards

Full movie:

The findings from what you're about to view suggest that our government, our economy, and your wealth may soon fall victim to a devastating and incomprehensible assault from the rise of Currency Wars.

Appearing in this video investigation is a team of the top minds in economics, politics, and national security... including presidential candidate and Chairman of Forbes Media — Steve Forbes, an adviser of National Intelligence, the Pentagon, and the CIA — James Rickards, acclaimed economist and author — Robert Wiedemer, author of Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown, and global currency analyst Sean Hyman. To be discussed on this powerful investigation:

• Discover why the Federal Reserve and Capitol Hill may have intentionally launched a currency war against China, Iran, and much of the world. And learn what our enemies are doing to retaliate.

• Learn of the untold impact of quantitative easing and "Operation Twist" on the wealth of average Americans. Have these financial aggressions caused you to be unknowingly robbed of over a quarter of your net worth?

• Become aware of unconventional attacks our enemies could use to bring down the financial markets and our economy in a single day.

• Find out whether China has been using their military to secretly stockpile gold. And learn what effect this will have on the dollar and gold prices if the truth comes to light that they are doing so.

• Assess whether Iran will close off the Strait of Hormuz, causing an energy inflation shockwave, and uncover an under-the-radar alliance they've formed with China and Russia that threatens our dollar's status as the world's reserve currency.

Related: The World Is Moving Closer To A Full-Blown Currency War Just Like The Great Depression of The 1930s

Beijing hints at bond attack on Japan 
A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees, unless Tokyo reverses its decision to nationalise the disputed Senkaku/Diaoyu islands in the East China Sea.