Biggest Collapse Ever… Get Gold Now – James Rickards with Greg Hunter

James Rickards – Gold $10,000 to $50,000 Per Ounce

by Greg Hunter
USA Watchdog

Financial expert and best-selling author James Rickards says another economic collapse is coming. Rickards contends, “It’s very clear, and you can prove this scientifically. The next collapse will be bigger than anything in history or maybe since the Bronze Age or the fall of the Roman Empire. Why do I say that? . . . We have these things coming together. The system is larger. That means systemically it is exponentially more risky. The central banks don’t have any dry powder, and it is just a matter of time before the collapse comes. In 1987, the stock market fell 22% in one day, not in a week or a month, but one day. Today, that would be the equivalent of a 4,000 point drop. . . . In 1998, the Long Term Capital crisis shut almost every stock and bond exchange in the world. In 2000, the Dot Com; 2007, the mortgage crisis; and in 2008, you had Lehman and AIG (failures). In other words, these events are not rare, and they happen every three, four or five, six or eight years. It’s not like clockwork, but nobody should be surprised if it happened tomorrow. We’ve got the systemic scale. We’ve got exponential increase in risk. The central banks are out of dry powder, and it’s been eight years since the last one. It’s just a matter of time.”

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