Jim Rickards appears with Max Keiser in New York. They discuss interest rates, the ongoing currency wars and how it is all going to end.
According to Jim, the coming IMF SDR solution will be hyperinflationary, but it will also provide today's central bankers a scapegoat. Will they be able to pull this off before social unrest gets out of control?
- Source, Russia Today:
Max Keiser and Stacy Herbert, report from the heart of hedge fund land in Stamford and Darien, Connecticut, where they discuss the deja fraud of highly leveraged markets five years after Lehman collapsed and the nonsense job economy in which highly trained engineers spend their working lives dividing one simple mortgage into thousands of pieces of complex derivatives like piles of stinky fried fish. In the second half, Max interviews Jim Rickards, author of Currency Wars, who compares the Fed relationship to the BRICS nations to that of a drunk driver who runs down pedestrians and then blames the pedestrians for being in the way.
- Source, Max Keiser:
