Jim Rickards MUST Listen to INTERVIEW!!

Posted: August 3, 2010 in Federal Reserve, Financial Survival

This is an extremely important interview by Jim Rickards.  Rickards discusses why the government hates deflation, the potential of hyperinflation, current fed policies and much more. 

Rickards educates listeners on the history of  hyperinflation and describes how quickly hyperinflation can occur with our Feds destructive policies. 

Here are two quotes from Rickards regarding deflation.

“If you have deflation so that the price level goes down, you just got an increase in your real standard of living.  If everything you buy is less expensive, your standard of living just went up, it’s exactly the same thing as getting a raise. But it’s even better because the government can’t tax it.  The government has not figured out how to tax an increase in the standard of living due to deflation.”

…And so when the Fed fights deflation they’re not doing the citizens a favor, they are doing the banks a favor and they are doing the Treasury a favor.  So it’s really it’s really important to understand where the Fed is coming from here, they don’t want to see people get tax free increases in their standard of living…So the Fed is really kind of fronting for the banks and the Treasury when they fight deflation.”

 If you are not familiar with Rickards his biography is below.

Please educate yourself and listen here

Biography of James G. Rickards from King World News

 James G. Rickards is a writer, lawyer and economist with over 30 years experience in global capital markets.  He is Senior Managing Director at Omnis, Inc., a consulting firm in McLean, VA and is the leading practitioner at the intersection of global capital markets and national security.  His advice to clients from 2002 to 2006 included early warning of impending financial collapse, the rise of sovereign wealth funds, the decline of the dollar and the sharp rise in gold prices years in advance of these events.  He has held senior executive positions at Citibank, Long-Term Capital Management and Caxton Associates.  In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve Bank of New York.  His clients include private investment funds, investment banks and government directorates in national security and defense. He is the national security columnist for The Daily Caller, www.dailycaller.com, has been the interviewed in The Wall Street Journal, has appeared regularly on CNBC’s Squawk Box, as well as Fox, CNN, C-SPAN and NPR and is an Op-Ed contributor to the New York Times and the Washington Post.  Mr. Rickards is a visiting lecturer at the Kellogg School and the School of Advanced International Studies, has delivered papers on econophysics at the Applied Physics Laboratory and the Los Alamos National Laboratory and has written articles on cognitive diversity, network science and risk management.  He is an advisor to the Committee on Foreign Investment in the United States (CFIUS) Support Group of the Director of National Intelligence and recently testified before Congress on the causes of the financial crisis.  Mr. Rickards holds an LL.M. (Taxation) from the New York University School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from the School of Advanced International Studies, Washington DC, and a B.A. from The Johns Hopkins University.  Follow Mr. Rickards at twitter.com/JamesGRickards.

 Biography from Omnis

James G. Rickards, Senior Managing Director for Market Intelligence

 James G. Rickards is Senior Managing Director for Market Intelligence at Omnis, Inc. and co-head of the firm’s practice in Threat Finance & Market Intelligence.  He is also a member of the Board of Directors.  Mr. Rickards is a seasoned counselor, investment banker and risk manager with over thirty years experience in capital markets including portfolio management, risk management, product structure, corporate finance, regulation and operations.

Mr. Rickards’s career prior to Omnis spans an over 30-year period during which he was a first hand participant in the formation and growth of globalized capital markets and complex derivative trading strategies.  He has held senior executive positions at “sell side” firms (Citibank and RBS Greenwich Capital Markets) and “buy side” firms (Long-Term Capital Management and Caxton Associates) as well as technology firms (OptiMark).  Mr. Rickards has been a direct participant in many of the most significant financial events over the past 30 years including the 1981 release of US hostages in Iran, the 1987 Stock Market Crash, the 1990 collapse of Drexel, and the LTCM financial crisis of 1998 in which Mr. Rickards was the principal negotiator of the government-sponsored rescue.  He has been involved in the formation and successful launch of several hedge funds and fund-of-funds.  His advisory clients have included private investment funds, investment banks and government directorates.  Since 2001, Mr. Rickards has applied his financial expertise to a variety of tasks for the benefit of the US national security community and the Department of Defense.

Mr. Rickards is licensed to practice law in New York and New Jersey and various Federal Courts and has held all major financial industry licenses including Series 3, Series 7, Series 24, Series 30 and Series 63.  He has been a frequent speaker at conferences sponsored by bar associations and industry groups in the fields of derivatives and hedge funds and is active in the International Bar Association.  He has been the interviewed in The Wall Street Journal, The Washington Times, Politico and on CNBC’s Squawk Box, as well as Fox, CNN, NPR and C-SPAN and is an OpEd contributor to the New York Times and the Washington Post.

Mr. Rickards is a graduate school visiting lecturer in finance at Northwestern University and the School of Advanced International Studies.  He has recently delivered papers on econophysics at the Applied Physics Laboratory and the Los Alamos National Laboratory.  Mr. Rickards has published numerous articles in the fields of cognitive diversity, network science and risk management.  He is a member of the Advisory Board of Shariah Capital, Inc., a firm specializing in Islamic finance and is also a member of the International Business Practices Advisory Panel to the CFIUS Support Group of the Director of National Intelligence.

Mr. Rickards holds an LL.M. (Taxation) from the New York University School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from the School of Advanced International Studies, Washington DC; and a B.A. degree with honors from the School of Arts & Sciences of The Johns Hopkins University.

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Comments
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    N.B: — This message contains personal, privileged, and confidential information and is intended only for the individual named. If you are not the named addressee,you are NOTIFIED not to disseminate, distribute,re-transmit, copy, or utilize this e-mail, and contents herein. Please notify the sender immediately by return email if you have received this e-mail by mistake. You are FURTHER NOTIFIED to delete this e-mail and any attachments, as well as any copies made thereof, from your computer system(s). The sender does not accept liability for any errors or omissions in the contents of this message and unless explicitly stated otherwise, does not intend to give legal advice or enter in an attorney-client relationship.

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