Jim Rickards The Road to Ruin The Global Elites Secret Plan For the Next Financial Crisis (Video)

Jim Rickards The Road to Ruin The Global Elites Secret Plan For the Next Financial Crisis Video

Jim Rickards taks about the accelerated creation of dept that is now leading to economic destruction and about the carnage of endless wars by NATO and discusses the road to ruin and why the price of gold is heading to a price level many thousands of dollars beyond its current price.

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No one, not even the money masters, can predict the future and no one can predict the market. The money printers can create currency to whitewash a situation like DB, however, they can not whitewash the derivatives market that is the underpinning of these too big to jail banks. $47 trillion at DB alone, another $70+ trillion at JPMorgan and that’s just two. The opaque derivatives market is the problem. Once something gets moving through this market it will be almost impossible to stop. The daisy-chain of interconnectedness is on such a scale that a handful of derivatives could set the banking system ablaze. When you are talking about $700+ trillion of “financial instruments” going belly up the whole world has a problem.

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Jay Taylor Media

Jay Taylor gives his economic views, interviews mining companies and talks about why gold and precious metals are important to own and hold as investments.