Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Brace for a Collapse of the World Monetary System in 2016 (Video)

  by    11   2

Jim Rickards agrees with Peter Schiff. The stock market is in a bubble thanks to the monetary manipulation of the Federal Reserve. Like Peter, he doesn’t think the Fed will raise interest rates in 2015. Instead, Yellen will be forced to start quantitative easing again by the beginning of 2016. This, he argues, will be the beginning of the end of the existing world monetary system. Watch Rickards explain his reasoning to Bloomberg below.

>

Highlights from Rickards’ interview:

“Russia has a certain amount of dollar reserves and gold reserves, actually. It’s enough to cover the sovereign debt, but not enough to cover the corporate debt… So how are you going to cover those corporate debts. Well, they can earn some dollars, but we’re putting sanctions on them so that makes it hard. So they may end up defaulting…

“Who owns dollar-denominated Russian corporate debt? The answer is European banks and US investors. So those losses are going to come back here. When people owe you money, you say they have a problem. But actually you’re the one with the problem, because you hold the bonds…

“The Fed wants inflation… But a strong dollar is deflationary… If you raise interest rates, you’re going to make the dollar even stronger, which makes the deflation worse. So I don’t see the Fed raising interest rates next year. That’ll be a big shock to the market…

“You’re absolutely right, [a new round of QE] does continue to inflate the bubble, but the alternative is deflating the bubble. No politician or central banker wants that. It’ll eventually crash on its own, but they’ll try to keep the game going as long as they can. Meanwhile, you’ve got China and Russia stockpiling gold, trying to get out of the dollar…

“This is a major potential collapse of the international monetary system. Not tomorrow, but a year or year and a half from now…”

Get Peter Schiff’s latest gold market analysis – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

The Myth of Fed Neutrality

Powell follows the president's wishesThe Federal Reserve is often viewed as a neutral guardian of the economy, tasked with safeguarding employment and ensuring stable prices. However, the Fed is run by individuals who, like anyone else, are swayed by certain motivations. Do the people behind the Fed truly have the incentive to remain impartial? Our guest commentator demystifies the […]

READ MORE →

Peter Schiff: Gold is the Canary in the Economic Coal Mine

This weekend, Todd Sachs interviewed Peter on the state of the economy. They discuss the parallels between now and the 2007-2008 housing crisis, the role of economic sentiment in voters’ opinions, and why foreign central banks are losing faith in the dollar.

READ MORE →

Massive Deficit Spending Tows US Economy Forward

A truck titled "US gdp" tows along another car, the US economyRampant government spending continues to mask fundamental weaknesses in the US economy. Recently, national debt grew much faster than the economy for the third quarter in a row, just one of many warning signs concerning legendary investors. Our guest commentator explains just how much the government is spending to make the economy seem strong, even […]

READ MORE →

Gold Hits New All-Time Record High

Gold hit a new all-time nominal high, surpassing the previous record set in December of the previous year. The precious metal’s price reached approximately $2,140, indicating a robust and continuing interest in gold as a safe-haven asset, despite a rather peculiar lack of fanfare from the media and retail investors. This latest peak in gold […]

READ MORE →

New Peter Schiff Interview: California Dooms Workers and Congress Kicks the Can Down the Road

Peter recently appeared on OAN’s Real America with Dan Ball to discuss the minimum wage, government spending, and inflation. He first points out the blatant corruption of the California state government, which recently passed a $20 minimum wage for all fast-food restaurants except those that bake their own bread. The state’s governor, Gavin Newsom, has […]

READ MORE →

11 thoughts on “Brace for a Collapse of the World Monetary System in 2016 (Video)

  1. vargané siteri erzsébet says:

    America has much to learn from the Hungarian banks
    usury only in this small country ..
    Elizabeth

  2. […] Jim Rickards Predicts QE4 and an IMF Takeover of the Monetary System […]

  3. Joe Lindell says:

    If the US dollar collapses as you say, then in the USA chaos
    will wipe out everyone. I believe you should identify what you
    mean by a collapse. Did Greek currency collapse? Don’t you mean
    that the dollar’s value may drop 100% or so? Please identify
    collapse because even if I have gold where do I buy food in the
    USA when everything has collapsed?

  4. […] Brace for a Collapse of World Monetary System in 2016 Peter Schiff  /  12.03.2014 Jim Rickards agrees with Peter Schiff. The stock market is in a bubble thanks to the…manipulation of the Federal Reserve. [He thinks] Yellen will be forced to start quantitative easing again by the beginning of 2016. This, he argues, will be the beginning of the end of the existing world monetary system….read more […]

  5. […] all this to do with gold? The first domino in world wide hyperinflation – Russia – has fallen. The domino effect – the ripple effect – has begun. And it will gather momentum. While “Politically Correct” […]

  6. Bill says:

    Quit predicting and showcasing predictors, Peter! You got 2008 squarely on the nose, and for that I am a follower. I’ve read Rickard’s latest books, David Stockman’s, yours, and if I followed the advice and switched from the U.S. denominated securities to foreign securities and Gold, I’d be pretty wiped out! The best advice is to diversify, stick with it, do your research and pay attention so you can reallocate before or shortly after a trending market.

    • Mike Finger says:

      This site is dedicated to investing in physical gold and silver. By its nature, buying and storing this hard asset is a long-term decision. Even taking into account recent declines, precious metals have performed well as an asset class since the early 2000s. While a diversified portfolio is always a wise investment strategy, the mainstream financial media continues to ignore the risk of steep dollar devaluation – a risk which we believe an allocation to physical gold and silver helps to mitigate.

  7. […] Video: Brace For A Collapse Of The World Monetary System In 2016 – Schiff Gold/Bloomberg […]

  8. Long Gone says:

    Its the EU turn to print , this will cause economic activity , the world finanical markets will respond by moving money about , which will cause economic activity , that dollar will get stronger which will cause economic activity . Now reverse the process in 2016 , same effect .This suffling can go on for a while until Developed economies have reordered their economies into the cyber age . As economies become fully automated new jobs will and are being created in the virtual economy (which is just activity between humans that doesn’t have a material product ; like playing games for money .Soaking up that unemployement and keeping people occuptied is the big thing.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Call Now