I wonder if Japan would agree with Rickards on this "period of prosperity". The expert on this subject is Richard Werner.
I also wonder what Europe was offered for their assistance to save the American economy from its unilateral decision to end gold convertibility. The euro, perhaps?
And now that the purpose of Europe is over from an American perspective, its passing over and emerging irrelevance begins, starting with the Ukraine bill and millions of additional immigrants flooding into the EU. And by the way, the only bright spot to this failed relationship is that we might see the back end of the WEF in the process, but too bad for the citizens of Europe, who will be saddled with all kinds of issues after this ill-advised, ill conceived project of 25 years.
Currency wars, I think, end when there is a winner, not by agreement. Even win win agreements have a limited shelf life. With 5 players at the table at the Plaza and Louvre accords, and gold as a competitor to the USD being ditched, the situation was very different to the one being faced today. I seriously doubt that Trump will manage China the way that Baker managed Japan.
Ninety percent of what Mr. Rickards sends to me as a "subscriber" to his material is numbskull bitching about politics. He's paid to be a financial analyst, not politics.
I wonder if Japan would agree with Rickards on this "period of prosperity". The expert on this subject is Richard Werner.
I also wonder what Europe was offered for their assistance to save the American economy from its unilateral decision to end gold convertibility. The euro, perhaps?
And now that the purpose of Europe is over from an American perspective, its passing over and emerging irrelevance begins, starting with the Ukraine bill and millions of additional immigrants flooding into the EU. And by the way, the only bright spot to this failed relationship is that we might see the back end of the WEF in the process, but too bad for the citizens of Europe, who will be saddled with all kinds of issues after this ill-advised, ill conceived project of 25 years.
Currency wars, I think, end when there is a winner, not by agreement. Even win win agreements have a limited shelf life. With 5 players at the table at the Plaza and Louvre accords, and gold as a competitor to the USD being ditched, the situation was very different to the one being faced today. I seriously doubt that Trump will manage China the way that Baker managed Japan.
Thank you for posting this Vince.
I’m a total Jim Rickards fan. The man is a genius and can teach us so much!
Ninety percent of what Mr. Rickards sends to me as a "subscriber" to his material is numbskull bitching about politics. He's paid to be a financial analyst, not politics.