The Next Financial Panic Will Result in ‘World Money’

In his latest book, financial commentator James Rickards gives an eerie portrayal of the Deep State’s masterminding of a forthcoming economic collapse, and what our world will look like once the dust finally settles.  

James Rickards is not only an American lawyer, financial commentator andNew York Times bestselling author of The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis. He also played a significant role in the near-collapse of Wall Street in 1998. As General Counsel for the infamously failed hedge fund Long Term Capital Management, he negotiated a bailout with 16 institutions to prevent the entire financial system from implosion.

“In 1998, Wall Street got together and bailed out a hedge fund. Then in 2008, the central banks bailed out Wall Street.”

But Rickards points out that since Federal Reserve resources were barely enough to prevent the collapse in 2008, it should be expected that an even larger collapse in the future will simply overwhelm the Fed’s balance sheet.

“In the next crisis, who is going to bail out the central banks? Where is the money going to come from if you have to reliquify the system?”

Source: https://squawker.org/analysis/next-financial-panic-will-result-world-money/