Currency wars in the EU – Jim Rickards
from Boom Bust RT Thousands of mourners gathered in Mecca early Friday, hours after news was released that Saudi Arabia’s King Abdullah bin Abdulaziz al Saud had died, aged 90. The king had overseen a five-fold increase in the size of the Saudi economy during his tenure at the helm. With his passing, three issues face the new leader, King Abdullah’s brother, King Salman, aged 79. Edward Harrison weighs in. Then, Erin joins us from Davos to give a wrap-up on this year’s World Economic Forum’s Annual Meeting. Followed by Erin, is our interview with Jim Rickards – beginning at 7 minutes – chief global strategist at West Shore Funds and author of “The Death of Money.” Jim tells us if the Swiss should have dropped their Euro-Swiss currency floor and gives us his take on the Danes’ pegging to the euro…despite not wanting to be a part of it. After the break, Erin is joined by Carol Becker – Dean of Faculty and Professor of the Arts at Columbia University and member of the Global Agenda Council on the Role of Art in Society for the World Economic Forum. Carol tells us what’s behind the lack of attention on issues like art and culture at Davos and gives us her take on the state of higher education in America as well as how globalization is turning some cities into a museum.