Real Life Currency War Simulation - Rickards Oct 2012

[mamboni]

Tuesday, October 23, 2012
RealLife Currency War Simulation

Jim Rickards opened the firstchapter of his excellent book Currency Wars discussing his involvement in a financial war game simulation created by the Americangovernment.

The following example is different from the strategy he used in the governmentsimulation, but it is much more realistic based on the current state of thegeo-political and financial world we live in today.

It shows the importance of understanding that the United States strength isfound not only in their highly discussed military power, but the amount ofphysical tonnes of gold it holds in reserves. China finds itself in the exact oppositesituation and has most likely already begun, or will soon begin, scrambling tocatch up with other countries around the world in total gold reserves.

Attachment 3850

Incredible walk through that shows the speed in which the currently calmcurrency wars taking place around the world can escalate quickly. Remember thatno currency in the world has a currency backed by gold. For the first time inhistory, every single country is issuing (a tremendous amount) of worthlesspaper money backed by nothing. There will be a day when these paper bills arerevalued to reflect the amount of currency that has digitally been created. Itwill come swiftly and suddenly and catch most by surprise.



http://www.ftense.com/2012/10/real-l...imulation.html

[Twisted Titan]

3 things you need to survive this

Tangibles

Secure Homefront

Luck to have enough to what you need and luck that your home is in the right place

[mamboni]

Rickards accepts the national bullion repository totals for the US and others on face value. Personally, I think the guy is a limited hangout for the government. He offers some good analysis and advice. But he's half analyst and half huckster.

[chad]

lebanon and mongolio could theoretically back their currencies with gold. they have enough in gold deposits to back their outstanding debts by 25% or so. mongolia is ramping up as well. they doubled their gold holdings last year, and they pay savers an average of 12%. if they partially backed their currency, you could make a killing on paper there.

[DMac]

chad - per Simon Black Mongolian savings accounts pay 10-15% interest. They can even be opened online.

[chad]

chad - per Simon Black Mongolian savings accounts pay 10-15% interest. They can even be opened online.

damn, didn't know that. maybe i should be opening an account. the swiss closed my swissquote account because of all of the reporting our fascist government now requires. have to check in to this.

[mamboni]

The strongest currency in the world is Mongoloid. What a world! What a world! I'm melting.....I'm melting...

[Golden]

Rickards accepts the national bullion repository totals for the US and others on face value. Personally, I think the guy is a limited hangout for the government. He offers some good analysis and advice. But he's half analyst and half huckster.

Smelled info-mmercial like, no? Has anyone read his book "Currency Wars" yet?

[mamboni]

Smelled info-mmercial like, no? Has anyone read his book "Currency Wars" yet?

Yes, I've read it and it is exceedingly well written and reads fast. But strangely it was like Chinese food: after reading it, I didn't feel full and wanted more.

[Ponce]

As I see it.........in WWII the Zionist counted their people who went overseas as "dead" in order to be able to say that they lost 6'000,000 Zionists.........the Americans are counting other countries gold in their care and their own so the of course the US has more gold than anyone else.........that gold do belong to every one else.