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Money Riots Possible in Next Economic Crash -James Rickards and Greg Hunter Video

Tuesday, November 1, 2016 18:21
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(Before It's News)

Image result for pictures of money black hole

By Greg Hunter’s USAWatchdog.com 

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Three time best-selling author James Rickards says the next economic crash will lock you out of your money. Rickards has a new book titled “The Road To Ruin.”  Rickards paints a scary possible scenario for what is coming and contends, “The global elites have a secret plan for the next financial crisis.” Rickards goes on to explain, “They are going to lock down the system when the crisis hits.  In 1998, everybody wanted their money back, and they printed the money.  In 2008, everybody wanted their money back, and they printed the money.  In 2018 or sooner, everyone is going to want their money back, but they are not going to print the money.  They are going to tell you that can’t have it.  They are going to lock down the system and close the banks.  Money market funds are going to suspend redemptions.  Stock exchanges are going to be closed, and they’ll say it’s ‘temporary.’  That’s what Nixon said when he closed the gold window in 1971. . . . They will do it to buy time until they can flood the market with SDR’s (Special Drawing Rights IMF currency).”

So, do we get inflation or deflation in the upcoming economic crash? Rickards says, “You might get some deflation first, but I don’t expect that because central banks are trying so hard to cause inflation.  The natural state of the world is deflation right now. . . . But governments can’t have deflation, it destroys the tax base. . . . So, you have natural deflation and policy inflation, and they are pushing together.  It’s an unstable equilibrium, and at some point, it is going to snap one way or another.  If it is deflationary, and I don’t expect this, the policy will be even more money printing. . . . As far as the SDR’s are concerned, it will certainly be inflationary. . . . You may not be able to save the world, but you can save yourself and family by getting into some assets that will stand this inflation and be non-digital.  Any digital money can be locked down with a few key strokes. Non-digital money such as gold, silver, fine art, land, natural resources, water and there is a long list of things . . . those are the things that are going to last. . . . The other point I make is that when this happens, it will happen very quickly. . . . You won’t know it in advance, and the stock market will be closed when you decide to get out of the stock market.  You may not be able to get gold.  Right now, you can get it . . . but in a panic when it’s going up $100 per ounce per day, you’ll be watching the price go up, but you won’t be able to get it.”

Rickards predicts a complete lock down of the global financial system for “at least weeks and possibly months.” Rickards contends, “Definitely weeks and perhaps months, and it could turn into Mad Max. It could turn into what I call money riots with people burning down banks, but the elites are ready for that also. . . . What they have done because you can’t turn the military into police, they turned the police into military.  As the money situation gets worse, states and elites will not go down without a fight.”

Join Greg Hunter as he goes One-on-One with renowned financial expert and best-selling author, James Rickards, whose latest book is titled “The Road To Ruin.”

(There is much more in the video interview.)

road2ruin2

 

 

 

After the Interview:

There is some free information on JamesRickardsProject.com. The new James Rickards book will be in book stores mid-November, but you can order the book now by clicking here.

 
Related Posts:

 http://usawatchdog.com/money-riots-possible-in-next-economic-crash-james-rickards/

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  • James Rickards,

    I think you are spot on with this assessment! The truly sad part is that 99.9% of the public do not
    understand anything about how finance (Fiat currency) works. Get out of the digital world, like stocks, bonds, checking, savings now before it is too late. Starve the beast, go gault! Buy food, land, precious metals etc…

  • Read about how people and businesses survived during the Great Depression. A few people and businesses at that time knew what was about to happen and put away a few dollars to survive the depression and ultimately thrived afterwards while their competitors went out of business.

    Buffet has a lot at stake and is putting his money away to protect his interests during whatever is to come.

    If there was a financial collapse stocks, bonds, gold, silver, money and other useless material assets would be, well, useless. My dad asked us kids “what would you rather have $10,000 GMC stock (GMC was his favorite vehicles since he owned a produce company and a restaurant in Chicago during the 1950s and 1960s) or a $10,000 commercial coffee maker?” He taught us kids to buy the coffee maker because if things go bad everyone needs their coffee. One cannot control the price of paper assets, but one can control hard assets like real estate and coffee makers.

    Learn a trade: agriculture especially using heirloom seeds (including food preparation and preservation), husbandry (including skinning and butchering, see note below, and maybe training guard dogs), welding, carpentry, masonry, plumbing, electrical, mechanical, seamstress, cooking / baking, security. Also, learn to barter so when the economy collapses you’ll have something useful to trade. Or better still create a bartering co-op. And best of all, keep your spiritual faith strong, you’ll need it.

    Note: many, if not most, people have an aversion to killing and slaughtering an animal for food. If you could acquire this skill, you’ll be well known in your neighborhood with plenty of jobs. You may also want to think about raising rabbits (or teaching others to raise rabbits for meat), they taste like chicken – and they are easy to breed and raise even in an apartment. Do an internet search for “raising rabbits for meat.” Storing up beans and cornbread is ideal for the short term. Read the internet article “Feed a family of 4 for 1 year, for less than $300.”

    Also, learn how to make slumgullion stew, mmm mmm good.

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