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