The James Rickards Project - Official Channel
JAN 24, 2018
In 2009, Currency Wars author James Rickards was asked to help The Pentagon conduct a financial wargame. In the scenario he devised, China and Russia teamed up to hoard gold and put forth a gold-backed currency based out of London. It “ran the US dollar off the road.” At the time, Rickards said the wargames participants, from the Treasury, CIA, FBI, etc. laughed at him. Because “there was no way that was going to happen.”
Since 2009, China and Russia have tripled their gold holdings. Rickard contends a currency war is on the way.
Rickard’s #1 recommendation to the US? Buy gold. The Chinese and Russians are preparing for an international monetary collapse. The US is likely to be left in a very precarious position should it not take similar precautions.