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Rickards tells USA Watchdog's Hunter about manipulation of gold and everything else
11:13a CET Friday, December 12, 2014
Dear Friend of GATA and Gold:
In what may be his best interview yet -- conducted by USA Watchdog's Greg Hunter -- fund manager and author James G. Rickards discusses manipulation of the gold market, which he describes as so obvious that the manipulators should be embarrassed, and secret interventions all over the place by the Federal Reserve and European Central Bank. Rickards says there will be gold "demand shocks" from China and India and that these may break the Western gold price suppression scheme. GATA gets a mention.
Rickards argues that the Fed has only two choices, depression or hyperinflation, a choice that is the consequence of its market manipulation. The U.S. government, Rickards said, should have let the country's failing banks fail, insuring the ordinary depositors and reorganizing the banks with clean balance sheets. The government didn't serve the public interest this way, Rickards adds, because of cronyism -- the links between the banking industry and government officials, something, he says, he saw in action when he was lawyer for Long-Term Capital Management during its bailout.
Hunter's interview with Rickards is 34 minutes long and can be viewed at USA Watchdog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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