written by reader Thought on Jim Rickards anyone?

By marstin97, November 19, 2015

I have read quite a bit from Jim Rickards, including ”The Death of Money: the collapse of the International monetary system”. I try not to react to certain things, it gets confusing when I read certain things that seem, at least on the surface, to make sense. In Jim Rickards book he does have some very dire predictions based on certain shenanigans in the global financial system which have not really been addressed since the collapse in 2008, including $17 TRILLION of high-risk derivatives out there thanks to the still To Big To Fail Banks. Also, as we see, the geopolitical forces in the world are a mess. And the Federal Reserve keeps playing with economic indicators. That said, is a prediction of a 70% collapse of the stock market due to these ”dark” forces a real possibility or just hype? I have learned enough through various readings to be fairly confused. The sense by Jim Rickards and some others is that the financial day of reckoning is not too far down that road. I don’t want to become Chicken Little, but some of what he says makes sense. Any more well-informed thoughts out there? Thanks!

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

42 Comments
Inline Feedbacks
View all comments
lindacampbell
Irregular
lindacampbell
November 19, 2015 1:35 pm

Hi marstin97,
I can’t directly answer your question about a 70% collapse in the stock market & other Rickards scenarios in Death of Money because I haven’t read that book and won’t. I did read Currency Wars and was temporarily concerned and signed up for his stock market advice. When I saw his portfolio was down a couple hundred percent, I called back the same day and cancelled. It appears he’s not practicing what he’s preaching very well.

Add a Topic
5971
Add a Topic
5971
👍 64
dukeoneil
November 25, 2015 1:53 pm
Reply to  lindacampbell

Martin & Linda,
Thanks for the question…and answer. Martin I feel very similar to you and Linda can you elaborate on what portfolio you’re talking about? Thanks!
A great Thanksgiving to all…
Duke

👍 4
Linda Campbell
Irregular
Linda Campbell
November 29, 2015 7:32 pm