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Jim Rickards Update A great interview with Rickards that compares the current situation with Nixon’s issues in 1971.  Obama can’t go off the gold standard like Nixon did, can’t drop interest rates, so printing money is one of the only options left.  He notes this will initially look like a good think,from the governments position [...]

Jim Rickards Highlights (May 14th, 2011) Jim doesn’t see anything significant happening July 1 after QE2 ends, he notes Bill Gross is out of bonds but needed time to get out says Gross may not make much in the next couple years but could hit a home run in 2013 and make 25% to give [...]

Highlights from Jim Rickards Interview (Apr 17th, 2011) Japan economic impact was significantly under estimated supply chains are being rebuilt, not all of supply chains will return to Japan see’s Japan and China will form a regional currency block it’s unclear how Libya will turn out, appears it’s developing into a stalemate  the US is [...]

Summary of Jim Rickards Interview (from Kingworldnews, Mar 27th, 2011) Continuing on from his previous interview (summary available here)   The purpose of QE was to keep interest rates low the Fed doesn’t need to monetize everything to affect this goal, simply enough to scare the market a bit 750 billion is more than enough [...]

I find it amazing that the Fed can so easily keep so many in the dark on QE. I guess confusion is a wonderful tool. I think the trick here is exactly how large can the Fed balance sheet get before people say, wait a minute. At some point you’d think people will listen to [...]