Bill Bonner (Publications Agora) interviews James Rickards on his last book, “The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis.”
James Rickards discusses central banks’ inability to stop the next financial crisis, as well as a possible financial market lock down.
The central banks are tapped out. The only clean balance sheet left, the only entity that can pull money out of thin air, is the International Monetary Fund (IMF). They can print the world money, the Special Drawing Rights (SDR) currency, to re-liquefy the system.
James Rickards predicts the next crisis will be worse than the ones before and recommends gold to preserve wealth.