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Updated: Jim Rickards on King World News, Parts I & II: Manipulation and the Golden Bullet

Here a few select quotes from Jim Rickards to whet your whistle for the full interview with King World News. Part II here

Stock Market and Manipulation:

I always like to say if a private sector person does it, it's manipulation, but if the government does it it's policy. So they call it policy and they would say they had reasons for it, but in fact it was massively distorting.

Well I don't even take the stock market seriously Eric and I mean that in all seriousness. Who's in the stock market, right? You have indexers and robots. Is anybody else trading the stock market?

The Golden Bullet:

Gold actually brings me to my second point Eric about Fed policy, we said are they out of bullets. They don't think they are, they think they've got quantitative easing they can do in much larger size. I don't think quantitative easing is a bullet that's going to work. I think that chamber is empty. But the Fed does have a bullet that they may not even realize which I call 'The Golden Bullet.' Which would be basically conducting open market operations in gold in such a way as to devalue the dollar.

If you're worried about deflation and you want to cause inflation and you're printing money as fast as you can and the inflation is not happening, at some point you have to stop and ask yourself, well what else can I do? The answer is that you can severely devalue the dollar against gold...So the Fed wakes up one day and as fiscal agent for the Treasury, we're a buyer at...

If that happens to be $2,000 an ounce, what have you done? You've depreciated the dollar by not quite 50%. Well that's pretty powerful stuff if you are trying to get people to spend money and dump dollars. So they are not out of bullets, they have what I call the golden bullet...They have that kind of ace in the hole if they really want to trash the dollar.

Listen to the full interview:

Jim Rickards on King World News - Sep 4.

Jim Rickards on King World News - Part II

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Treasury Gold in "Deep Storage" $50B netted to Zero. Fed $M

Treasury "Deep Storage" Gold: $10B - $10B = Net zero.

Gold in NY Fed Vault: "in the millions."

Your gold left on the last stagecoach outta town.

US Treasury "Deep Storage" Gold & Silver Audit, 2008.
Go to table in PDF file on page 13 (* See note 2)...

Schedule of Custodial Deep Storage Gold & Silver Reserves

$10B Gold & Silver spare change
-10B Liability to Treasury
___0 Net Deep Storage (Amazing, couldn't dig deeper)

* Note 2 Net is Zero... Fort Knox or US Mints not included. Not audited either.

Was the 2008 of just the schedule, not the physical gold? What did they audit? This report is often sited, seldom read. In one page + one footnote, you get the message. Zero.

Ever wasted time looking for something that is not where you are looking?

NY Fed Free Gold Vault Tour"
http://www.dailypaul.com/node/144027#comment-1531312 Posted today,

"Gold... in the millions."

Gold @ Fort Knox & "Deep Storage" 2009
Submitted to DailyPaul by SteveMT 02/09/2009

If you cannot believe Treasury, the Fed, or SteveMT....

Ask Togo, he might know.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

Would anyone sell their gold to the Fed for $1,500/Toz.?

No, but once the big squeeze comes, who knows.

Rickards makes very logical arguments for what before seemed highly improbable to now after seeming very possible.

Excellent info for a crumbling world.

Be for real!

Gold and silver are between banksters; paper is for the serfs. The elites have invested billions in the carbon exchange. They have invested billions to suppress commodities.

Can anyone really believe governments and banksters would forsake corruption and counterfieting?!

Rickards always makes excellent points about the inherent recalcitrant unpredictability, instability and unmanagability of chaotic (economic) systems.

This time, I think he's throwing a bone to KWN. Anyone who is on KWN implicitily must pay homage to the one, true Mammon.

great interview

Thanks for posting Michael.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Jim's golden bullet scenario:

Jim's golden bullet scenario: I think the Fed thought of it a long time ago, but instead of devaluing the dollar they have been going the other way with it. The Fed, PPT, or whatever entity has already assumed the role of fiscal agent for Treasury, and they are the ones responsible for supressing the gold price in order to give the dollar the appearance of being valuable. Where do the bullion banks get all of the metal that they dump on price rallies? Does Treasury have enough unobligated gold left in the vault to make the golden bullet work? I think that all the Fed has left is QE, and that they intend to use it.

Your Gold Was Left in the Custody of Your Government & Fed Bank

Long, long ago...
Your gold left on the last stagecoach outta town.

Gold @ Fort Knox & "Deep Storage" 2009
Submitted to DailyPaul by SteveMT 02/09/2009

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Jim Rickards

is ALWAYS worth a listen!

Freedom, Prosperity and Peace


I didn't get into Rickards until recently... my brother kept sending me interviews. Eric King is the man for always having awesome guest and letting them talk!

Jim Rickards definitely knows whats up.

Michael Nystrom's picture

Rickards is on KWN quite a bit

Whenever he is on, I'm sure to listen.

I think I can actually feel my mind expanding as I listen.

He's the man.


King World News interviews have been known to cause brain-inflation

Michael Nystrom's picture


This interview, like every Rickards interview, is a mind blower.


He's the man.

C'mon, 7's!!!

Or something like that. I am not a gambler, but I bought a silver lottery ticket, of sorts. It would be a great time to hit the lotto!

Love or fear? Choose again with every breath.