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FSN: ‘Be Careful What You Wish for’ Regarding Fiscal Cliff: Jim Rickards
Saturday, November 24, 2012 12:32
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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Chris Nichols
CNBC.com
Jim Rickards has a message for investors and politicians monitoring talks between Congress and the White House to avoid billions of dollars worth of spending cuts and take hikes set to take effect January 1: Be careful what you wish for.
“There are only bad outcomes,” says Rickards, a partner at JAC Capital Advisors. “Taxes are going up no matter what. It’s just a question about whether they go up for everybody [failure to agree] or target certain people [agreement]. Either way you’re talking about a tax increase in the middle of a depression.”
2012-11-24 12:22:13
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