轉貼 168糟大貼文 James Rickards Interview: Gold to $5-7k and Libor Damages Could Destroy the Banking System

 轉貼 168糟大貼文

http://usawatchdog.com




http://www.youtube.com/watch?v=E4eRfwNP_KU&feature=player_embedded

Not the best quality video but Rickards brings up some interesting points :

1. A rough estimation ( 10 basis points manipulation of LIeBor over 5 years ) shows that ~2.5 Trillion was swindled out of investors in the LieBor Scam. The coming litigation by these hapless investors may cripple the financial system.

2. The next QE , in contrast to previous ones, will not have a fixed amount or a deadline, but "GDP-targeted". So it can reach unthinkable magnitude and go on and on. The Fed is no longer afraid of inflation but instead encouraging it to stimulate GDP growth.

3. Rickards thinks the next QE will be announced in late August, after the Jackson Hole Fed meeting, but takes effect after the November election to avoid being accused as an Obama-pumping maneuver .

4. This is of course, Gold positive.