Jim Rickards on with Greg Hunter

Tue, Oct 14, 2014 - 11:46am

Posted just yesterday, this new video interview of Jim Rickards by Greg Hunter is definitely worth your time.

Topics covered in this 30-minute video include:

  • The Islamic State and the US response
  • Possible cyber attacks by Russia in retaliation to the ongoing sanctions regime
  • The next global financial crisis and from which organization the next bailout will originate
  • Jim's opinion of why China is hoarding so much gold

Please take the time to give this your full consideration. Again, no one has all the answers and Jim's scenarios may not play out exactly as he describes. However, this discussion is quite enlightening in terms of "war gaming" coming events.


About the Author

turd [at] tfmetalsreport [dot] com ()


Oct 14, 2014 - 11:56am

on the Ebola front . . . overhyped . . .

"Examine the Facts: Use Logical Reasoning

Ebola isn`t that easy to catch folks just consider the fact that the original patient was holed up in what was probably less than 1000 square feet apartment with his girlfriend, her five children, and many neighbors going in and out of the apartment when he was already exhibiting enough symptoms to go to the emergency room, and for several days after interacted with all these people in such a confined space, and yet none of those people are showing any signs of coming down with Ebola, and are probably out of the woods from a time perspective.

Nigeria Would Have Been a Disaster Zone if Ebola ‘Airborne Threat’ on Meaningful Scale

If Nigeria a poor country right next door to ground zero for Ebola can halt Ebola in its tracks when by all accounts the conditions would be perfect for it to reach epidemic proportions, and compare Nigeria to the United States and the rest of the developed world`s resources, Ebola is a very manageable problem even under the worst case scenarios here in the United States. The problem is that many people lack basic reasoning abilities, and the last thing these people need is a ‘news’ network hyping up Ebola with their Big Red Flashing News Headlines blowing all proportion out of the story in a hysterical fashion."


Oct 14, 2014 - 12:33pm



Oct 14, 2014 - 12:47pm


Regarding Rickards' geopolitical comments, they really do need to be taken with a pinch of salt. He massively downplays US involvement with ISIS which quite frankly is ridiculous. It clearly looks like ISIS is being used by the US and it's allies in an attempt to remove the Syrian government, after the chemical weapons false flag attack in Ghouta last year, blamed on Assad, failed to gain any public support for NATO airstrikes/invasion. That ISIS was then allowed to conveniently capture all this abandoned US military hardware in Iraq earlier this year, with the "keys in the ignition", so to speak, was fortunate to say the least.

His comments regarding Chinese gold purchases also didn't really make much sense. If China was buying gold merely to hedge it's US dollar reserves, why on earth is China positioning itself to actually take complete and total control of the gold market from the west? As has been stated, the Chinese consider gold as strategically important as oil and certainly not just a US$ hedge.

Colonel Angus
Oct 14, 2014 - 12:49pm

I love Rickards!!!

Rickards makes a good point about the Chinese. Even if they don't want the yuan to be gold-backed (and they might...something he doesn't consider, to his detriment) they can use gold as a hedge against the inflation in the USD that they hold through all the US Treasuries. 

I've been wondering if I'm holding too much in the PMs and not enough in fiat. Rickards speaks to that in this video. I don't want to trade my silver out for fiat, because the last batch was bought at spot when silver was at 18 an ounce. And yet...he makes a compelling argument...hmm....I also have a friend who couldn't find silver less than $20 an ounce when he went looking locally. Maybe we should work a deal. 

Oct 14, 2014 - 12:55pm

Economics Nobel laureate tells France to 'downsize the state'

Speaking on FRANCE 24, French economist Jean Tirole advocated Scandinavian-style labour market policies and government reform as a way of preserving France’s social model.

Hours after he won the economics Nobel Prize, Tirole said he felt “sad” the French economy was experiencing difficulties despite having “a lot of assets”.

“We haven’t succeeded in France to undertake the labour market reforms that are similar to those in Germany, Scandinavia and so on,” he said in telephone interview from the French city of Toulouse, where he teaches.

France is plagued by record unemployment and Tirole described the French job market as “catastrophic” earlier on Monday, arguing that the excessive protection for employees had frozen the country’s job market.

“We haven’t succeeded also in downsizing the state, which is an issue because we have a social model that I approve of – I’m very much in favour of this social model – but it won’t be sustainable if the state is too big,” he added.

Tirole remarked that northern European countries, as well as Canada and Australia, had proven you could keep a welfare social model with smaller government. In contrast, he said France’s “big state” threatened its social policies because there will not be “enough money to pay for it in the long run”.


Oct 14, 2014 - 1:08pm

Jim Rickards...

a controlled opposition mouthpiece. He has been a consultant for the Pentagon. He still claims that US has its gold at Ft Knox. I don't even want to go into his 911 theory.

This is his specialty: Lots of misinformation mixed in with truth. I can go on and on about this traitor but I'll stop here. Do your own research.

If you don’t read the newspaper, you’re uninformed; if you do read the newspaper, you’re misinformed“.

Mark Twain

Oct 14, 2014 - 1:13pm


IMO, JR is always good for a seemingly controversial and fringe commentary that eventually leads back to justification for statist controls.

Oct 14, 2014 - 1:34pm

Some People Love Him

Some People Hate Him but he sure is very knowledgeable and puts out a great message.. Keep Stacking

ancientmoney meegoreng1
Oct 14, 2014 - 1:34pm

meegorengi, I like the Twain quote...

Here's ex-CIA Director's words"

“We’ll know our disinformation program is complete when everything the American public believes is false.”
– William Casey, CIA Director (from first staff meeting, 1981)

Nothing we see on CNN or read in newspapers is not first vetted by CIA types.

Oct 14, 2014 - 2:31pm

...or kill us.

"What might be the hidden agenda of the Ebola scare?

Researcher Anne Sullivan argues that an orchestrated Ebola outbreak in America could be used to “create a level six pandemic emergency that includes mandated vaccines, which will contain their patented weaponized Ebola.” This nightmarish worst-case scenario envisions the eugenicist faction of the global elite using a fake Ebola threat to create a real one.

With or without an actual threat, the US government could use the specter of an emergency pandemic to lock down Americans and remove the few remaining shreds of their Constitutional rights. President Obama recently signed an amendment to George W. Bush’s Executive Order 13295, which authorizes the “apprehension, detention, or conditional release of individuals to prevent the introduction, transmission, or spread of suspected communicable diseases.” Obama’s amendment broadens the order to allow the detention of unlimited numbers of Americans based on mere suspicion that they have a dangerous illness.

Why would the US government manufacture a disease threat, real or feigned, as an excuse for martial law and mass detentions? It might do so as a pre-emptive measure against the likelihood of popular unrest when the dollar collapses and the American economy implodes. Currently the BRIC nations, led by Russia and China, are pulling the plug on the US dollar, which is swirling with increasing rapidity as it prepares to go down the drain. When the dollar takes its final plunge, Americans will face the full consequences of their government’s squandering of trillions on the 9/11 wars. The likely result: A second American revolution.

If the US government can terrorize Americans with Ebola, militarize society, and lock up thousands or millions of people in concentration camps, it may be able to head off the revolution before it starts. That, at least, might be their plan.

But natural Ebola could not possibly create a pandemic in America. It is not easily transmissible, it lacks a long latency period, and it cannot survive outside the body except in extremely hot, humid temperatures.

So be forewarned: If the mainstream media reports an alleged Ebola pandemic in America, there are only two possibilities: Either they are lying, or they have created a synthetic, weaponized version of Ebola.

If that happens, we had better start the revolution…before they lock us up.

Or kill us."


Oct 14, 2014 - 2:58pm

If you haven't yet, please be sure you've read this

The only thing I've been wrong about is that the metals are higher, not lower, in the 11 days since.


The post's conclusion:

IF I'M RIGHT ABOUT THIS, things are going to get even worse before they get better. Why? Because hardly anyone else is talking about it! By the time the world outside of Turdville finally figures out what's going on, the stock market will be crashing, crude will be near $80 and the metals will be even lower, particularly silver.

The point is this:

As things begin to unravel in October and November, The Fed will be forced to act. Remember, their primary stated mission is prompt employment and inflation. Deflation is their number one enemy and they will do anything (and this includes QE4) to avoid it! After or slightly before this deflationary bias finally runs its course, all of the "dollar-based commodities" listed above will bounce, turn and rally back higher. Until then, however, we must expect continued pressure, even on gold. And if $1180 gold gets taken out, there will even be spike downward as sell-stops get run below the current range, similar to the events of April 2013, though not quite as dramatic.

In the end, this means you must be mentally prepared for what lies ahead. The next few weeks are going to be increasingly volatile and panic-filled, not just in the metals but across the board. Recognize it for what it is and realize that your stack of physical will be just as shiny and valuable with each passing day, regardless of the changing paper price. As I've been stating for weeks, at The End of The Great Keynesian Experiment, the paper price shenanigans/machinations of September 2014 will be long forgotten. You should continue to use this time wisely and prepare accordingly.

Oct 14, 2014 - 3:22pm

this is pretty good info . . .

but is not "FDA approved." The DoD has done tests that indicate nano-silver can kill ebola-like viruses.

And, there is good info on how to help your immune system fight ebola using high doses several times a day of Vitamin C.


Oct 14, 2014 - 3:27pm

Just as the CFTC works for bullion banks, FDA

works for drug companies. They "approve" what's good for pharma, not necessarily for the people.

Oct 14, 2014 - 4:05pm

From Jon Rappaport re: ebola=hoax . . .

"—Now, ask yourself, who has the power to control all these aspects of a promoted “epidemic?”

The answer is: public health agencies. And in particular, the two most powerful health agencies on the planet—the CDC and the World Health Organization (WHO).

Both agencies are covert-ops specialists. Their single most important client is the pharmaceutical industry.

The CDC and WHO control announcements of when and where “outbreaks” occur. They control the reports of the case numbers and deaths from the “epidemic.” They decide which diagnostic tests are to be run and accepted.

They announce details about transmission and incubation-periods of viruses.

They are the sources of all key information about epidemics. They build the reality. They are, in the medical arena, the Reality Manufacturing Corporation."


Oct 14, 2014 - 5:04pm

colloidal silver ... noooo

Those instructions at https://www.gunsamerica.com/blog/prepping-101-ebola-prevention-treatment/

won't give you pure colloidal silver. Using a copper cathode and adding in salt is not right.

Both anode and cathode must be pure silver and don't add salt.

The only ingredients for pure colloidal silver should be silver and distilled water.

That's it.

(you still need the power supply of course wink).

Oct 14, 2014 - 5:09pm


That is the recipe for:

Oct 14, 2014 - 5:13pm


very funny.

and what's wrong with that anyway?

ancientmoney Bollocks
Oct 14, 2014 - 5:14pm

colloidal silver...

Agreed, Bollocks. A commentor on the article said that it was the worst directions ever for making colloidal silver.

I think the writer has the right concept, but wrong formula.

I think Mr. Fix has it right, and his method is posted here at TFMR.

Oct 14, 2014 - 5:30pm



Getting suspicious day by day!

Edit: I heard this site is blocked now. Sorry! Just goes to show you what we're being told here in the Western world.

Oct 14, 2014 - 5:40pm


SDRs !!! I can't wait, they sound awesome, dollars, pounds yuan, yen like fiat only better. (being sarcastic by the way)

He talks about the IMF will bail out the central banks with huge money printing of 'SDR's. And how people won't know where the inflation is coming from or who to blame. It sounds great if you are a spokesman for the elite. Sounds great if you want one world global fiat currency.

I like the idea of stacking silver until the physical market breaks the paper market myself.

And why does he repeatedly call them 'geeky' ? Trying to imply they are a bit too complicated for average people just leave it to the financial 'geeks' (who will create inflation we won't understand)

Oct 14, 2014 - 6:39pm

A Win-Win Scenario for Gold Investors--Jim Rickards

A Win-Win Scenario for Gold Investors

James Rickards

by James Rickards.

Posted Oct 14, 2014.

Volatility and price drops may be nerve wracking, but the bull market in gold is far from over. In fact, it has barely begun.

To understand why, it helps to look at two prior episodes in the relationship of gold and money that are most relevant to today. These episodes were a period of extreme deflation, the 1930s, and a period of extreme inflation, the 1970s. History shows that gold does well in both conditions.

…neither the inflation nor the gold price spike happened overnight. It took 15 years to play out from start to finish.

Commentators frequently observe that we are experiencing “price stability” or “low inflation” based on the fact that the consumer price index has averaged 2% over the past 12 months. However, this average hides more that it reveals.

The economy is experiencing strong deflationary forces as a result of weak employment and deleveraging associated with the depression that began in 2007. Simultaneously the economy is experiencing strong inflationary forces as a result of Fed money printing. The deflationary and inflationary forces offset each other to produce a seemingly benign average. But below the surface the forces struggle to prevail with some likelihood that one or the other will emerge victorious sooner than later.

Inflationary forces often appear only with significant lags relative to the expansion of the money supply. This was the case in the late 1960s and early 1970s. The Fed began to expand the money supply to pay for Lyndon Johnson’s “guns and butter” policy in 1965. The first sign of trouble was when inflation increased from 3.1% in 1967 to 5.5% in 1969.

But there was worse to come. Inflation rose further to 11% in 1974 and then topped off at 11.3% in 1979, 13.5% in 1980 and 10.3% in 1981, an astounding 35% cumulative inflation in three years. During this time period, gold rose from $35 per ounce to over $800 per ounce, a 2,300% increase.

The point is that neither the inflation nor the gold price spike happened overnight. It took 15 years to play out from start to finish. The Fed’s current experiments in extreme money printing only began in 2008. Given the lags in monetary policy and the offsetting deflationary forces, we should not be surprised if it takes another year or two for serious inflation to appear on the scene.

Another instructive episode is the Great Depression. The problem then was not inflation but deflation. It first appeared in 1927 but really took hold in 1930. From 1930-1933, cumulative deflation was 26%. The U.S. became desperate for inflation. It could not cheapen its currency because other countries were cheapening their currencies even faster in the “beggar-thy-neighbor” currency wars of the time.

Finally, the U.S. decided to devalue the dollar against gold. In 1933, the price of gold in dollars was increased from $20 per ounce to $35 dollar per ounce, a 75% increase at a time when all other prices were decreasing. This shock therapy for the dollar worked, and by 1934 inflation was back at 3.1%, a massive turnaround from the 5.1% deflation of 1933. In short, when all other methods fail to defeat deflation, devaluing the dollar against gold works without fail because gold can’t fight back.

It is unclear if the world will tip into inflation or deflation, but one or the other is almost certain.

It is unclear if the world will tip into inflation or deflation, but one or the other is almost certain. The good news for gold investors is that gold goes up in either case as shown in the 1930s and 1970s. Yet patience is required.

These trends take years to play out and policies work with a lag. Meanwhile, investors can use recent setbacks to acquire gold at more attractive prices while waiting for the inevitable price increase to occur.


Oct 14, 2014 - 7:03pm
Oct 14, 2014 - 8:20pm

I thought everyone was saying

I thought everyone was saying gold will never go below $1180. And now people are saying be ready in case it drops below 1180.... wtf? Face it...noone knows shit.

Oct 14, 2014 - 8:31pm

SDR vs dollar

Interesting that Rickards states that an SDR is worth about 1.5 dollars. Jim Willie is looking for an initial 30% dollar depreciation. Exchanging an existing FRN dollar for an SDR unit would do just that.

Oct 14, 2014 - 8:53pm

Midterms coming up. Oil down

Midterms coming up. Oil down - check. Stock market in need of a rescue - check.

sierra skier
Oct 14, 2014 - 8:57pm


With the amount of hanky panky going on in todays markets it is difficult for anyone to know what can happen. Even doctors and lawyers continue to 'practice' and that is while they are working on/for us.

Bugzy, Russia does export huge amounts of natural gas, but is one of the larger oil exporters as well. The sanctions are hurting them.

Oct 14, 2014 - 9:21pm

In an attempt to bring Russia to heel

They decided to reduce the worlds oil price.

Russia of course, being a natural gas exporter.

Oct 14, 2014 - 9:34pm

But they also produce 14% of

But they also produce 14% of the world's crude oil.

That's a lot. More than I thought.

Oct 14, 2014 - 9:39pm

Fwiw... This was recorded

Fwiw... This was recorded yesterday morning.

Not anything new or earth shattering:

Oct 14, 2014 - 9:45pm

Yes but

Look at the Canada oil sands. I think it costs about $60 per barrel so this recent reduction has literally halved profit.

The fracking in the USA was alleged to be not profitable BEFORE this drop.

Seems odd, are we sure that this is not a normal global slowdown and just more supply bringing prices down?

What do the Saudi's get from turning up the spiggot. They are just saying, here, let us give you more oil and we want less money for it.

Which in turn reduces EVERY oil producing nations profits.... for some austerity given to Russia?

Maybe the globe is rolling into another recession? 2008 to 2015 = 7 year cycle, about right. Yet the the patient never recovered!!! Apparently, still in recovery. Seems more like last rites.

Become a gold member and subscribe to Turd's Vault


Donate  Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 1/14

1/15 8:30 am ET Producer Price Index
1/15 8:30 am ET Empire State Mfg. Index
1/16 8:30 am ET Retail Sales
1/16 8:30 am ET Import Price Index
1/17 8:30 am ET Housing Starts
1/17 8:30 am ET Philly Fed
1/18 9:15 am ET Capacity Utilization and Ind. Prod.

Key Economic Events Week of 1/7

1/7 10:00 ET ISM Services Index
1/7 10:00 ET Factory Orders
1/9 2:00 ET December FOMC minutes 
1/10 Speeches from CGP, Goons Bullard and Evans
1/11 8:30 ET CPI

Key Economic Events Week of 12/31

1/2 9:45 am ET Markit Manu PMI
1/3 10:00 am ET ISM Manu Index
1/4 8:30 am ET BLSBS
1/4 9:45 am ET Markit Serv PMI