Jim Rickards*:
Pentagon's Financial War
Game Is Now Playing Out
Financial Sense interviews Jim Rickards* on his experience & work involved with simulating financial warfare in a global game of chess involving central banks & governments .. he also details one of the key strategies outlined in his experience is for Russia & China to stockpile massive quantities of gold & then issue a new gold-backed currency to marginalize or even eliminate the U.S. dollar as the global reserve currency .. "Since 2009, Russia has increased its gold reserves by 65% from about 600 tonnes to over 1000 tonnes. China has increased its gold reserves by multiples—no one knows exactly how much because they keep it secret—but they've gone from about 1000 tonnes to my estimates are somewhere in the range of 3000-4000 tonnes—a 300-400% increase. So, they're behaving exactly the way we hypothesized in 2009" .. Rickards thinks there will be a collapse of the international monetary system in general, with the U.S. dollar leading the charge, whereby a new global currency is eventually created.
LINK HERE to the audio
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