Jim Rickards – Currency Wars Simulation

3 Comments on "Jim Rickards – Currency Wars Simulation"

BillT on Thu, 25th Oct 2012 1:43 am 



Impossible? Nope! Likely? Yep!

Interesting scenario presented and quite possibly close to reality in coming years. No one has a good handle on ALL of the financial system and who is controlling what. You can be sure that China is playing to win and the Empire is just playing to exist. We are still borrowing a trillion dollars per year just to keep it all together here in the Us. China had dollars to literally burn, thanks to all you Walmart shoppers.

What’s coming? Radical change in so many areas of your life you cannot believe it is possible. When? Certainly way before 2050. Probably before 2020.

Arthur on Thu, 25th Oct 2012 1:13 pm 



Scenario 2 (“relations between China and US heating up”) will be the consequence of scenario 1 (“war against Iran”), not because of a currency war. The currency war will be the result of the war in the Gulf. That war could come quickly if Romney gets elected.

I think we will be living in a different world before 2020. What could happen?

– massive increase of prices at the pump soon, forcing people to stop driving, first in Europe where prices are highest because of tax (that is why we in Europe do not have 50 million people living from the soup kitchen only), even without a war in the Gulf.
– if US/Israel finally starts the war against Iran, after a false flag event, all bets are off. Rickards mentions the mining of the Gulf, but I think there is a more potent weapon the Iranians could fall back on: firing missiles and/or torpedo’s on tankers, so no ship owner will send his ships into the Gulf as long as the war continuous.
– China could clash with the US as it tries to send goods to Iran via the Indian Ocean port of Chah Bahar, circumventing US imposed sanctions.
– Not much oil reaches the West and the situation is becoming desparate. To make things worse, Russia threatens to cut off gas and oil supplies to Europe, if Europe stays on the side of the US.
– Germany, for 100% reliant on Russia for all its fuel, complies, certainly after Putin offered to publicly drop the holocaust story, the religion of the NWO and puts Russia’s WW2 archives online at the same moment. Iran, the first nation officially denying the holocaust, did this earlier as a proxy for Moscow. This is immediately backed by Beijing and the islamic world and denounced by the US president.
– Some anonymous FBI employee posts a video on youtube, that was confiscated by the FBI on 9/11, and clearly shows a plane flying 20 meters over the Pentagon and shortly after that the Pentagon facade is blown away, caused by an inside explosion, not a plane slamming into the building. Hundreds of thousands of Americans go onto the street and demand an investigation.
– Mutiny breaks out in the US army, smelling an escape from an unwanted confrontation with China. Clashes around Capitol Hill, similar to the events in Moscow after the collapse of communism.
– Finland puts the Mannerheim files S-32 online, showing that WW2 was a setup between Stalin, Roosevelt, the French government as well as Churchill (not yet PM in 1939).
– German population storms the remaining US baracks in Germany in retalliation.
– The US army installs Ron Paul as interim president, who announces that the US will withdraw from NATO immediately and repatriates all US troops from abroad. Sanctions against Iran are lifted and Iran decides to resume oil and gas deliveries. Market price 300$ per barrel.

Something like this.
Any other scenario’s.lol?

poaecdotcom on Fri, 26th Oct 2012 7:17 pm 



GOOD stuff from Jim, food for thought.

I would love to hear The Automatic Earth respond to this kind of analysis.

I respect their deflationary lens and would love to be able to reconcile deflating credit vs deteriorating FIAT.

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