James Rickards: Global Monetary System Headed for Collapse
by Dan Weil
Money News
The world currency system is riding down the road to catastrophe, says James Rickards, senior managing director of Tangent Capital Partners.
The world already has entered a currency war that began in 2010 on the heels of the Federal Reserve’s massive easing program, he tells Wall Street Journal Digital Network. Since then, plenty of nations have joined in, including Brazil, Switzerland and Japan, says Rickards, author of “Currency Wars: The Making of the Next Global Crises.”
“All major central banks are easing,” he says. “Eventually so much money will be printed that this will lead to inflation. The endgame is collapse of the international monetary system — sometime sooner than later.”
Continue Reading at MoneyNews.com…
2013-02-11 09:31:34
Source:
