Must Hear Interview
Financial repression means long-term inflation, steadily rising gold, Rickards says Geopolitical analyst James G. Rickards told King World News yesterday that the U.S. government policy of financial repression will force major banks to stop trading for their own accounts and buy mostly U.S. government bonds at negative real interest rates, engineering long-term inflation of 5 percent per year to devalue the dollar by half over 15 years. Meanwhile, Rickards says, governments around the world will buy gold stealthily, pushing the price up, but also cautiously, lest their buying push the price up too fast.

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