Rickards Fears September Meltdown – “1000 Point Drops, Or A Closed Exchange?”
by Craig Wilson via The Daily Reckoning,
ZeroHedge.com
Aug 25, 2017
Jim Rickards joined Alex Stanczyk at the Physical Gold Fund to discuss current destabilizing factors that could drastically impact investors. During the first part of their conversation the economic expert delved into gold positioning for the future, the expanding threats from North Korea and liquidity in global markets.
To begin Rickards’ was prompted on his latest analysis over North Korea and the international threat the country poses going forward. The currency wars expert urged, “The fact is, the threats from North Korea, even if not to the mainland, still threaten U.S territory. There are a lot of Americans living there. As this escalation continues in sequence the problem is not new.”
“The threat of North Korea has been going on for decades and has escalated since the mid 1990’s. Bill Clinton and George W. Bush both offered sanctions relief for the country in exchange for program reductions. The Obama administration essentially did nothing for eight years. I do think the Trump administration at least deserves credit for clarity.
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