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Last edited by FRED; September 28, 2009, 07:24 AM. -
Re: Future of the Dollar -- interesting analysis
great... another ej knockoff. where was he with this msg in 2001?Originally posted by doom&gloom View Post -
Re: Future of the Dollar -- interesting analysis
Burn the witch, burn him send him back to his kindOriginally posted by metalman View PostComment
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Re: Future of the Dollar -- interesting analysis
10/90 gold/cash... ok. starting when?Originally posted by rabot10 View PostComment
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Re: Future of the Dollar -- interesting analysis
Sounds like a true insider
James G. Rickards, Secretary
James G. Rickards is Senior Managing Director for Market Intelligence at Omnis and the co-head of the firm's practice in Threat Finance & Market Intelligence. He is also a member of the Board of Directors. Mr. Rickards is a seasoned counselor, investment banker and risk manager with extensive experience in capital markets including portfolio and risk management, product structure, financing and operations.
Mr. Rickards's career prior to Omnis spans the 30-year period during which he was a first-hand participant in the formation and growth of globalized capital markets and complex derivative strategies. He has held senior executive positions at "sell side" firms (Citibank and RBS Greenwich Capital Markets) and "buy side" firms (Long-Term Capital Management and Caxton Associates). Mr. Rickards has been a direct participant in the most significant financial events of recent decades including the 1981 release of U.S. hostages in Iran, the 1987 Stock Market Crash, the 1990 collapse of Drexel and the LTCM financial crisis of 1998 in which he was the principal negotiator of the government-sponsored rescue. He has been involved in the formation and successful launch of several hedge funds and fund-of-funds. His advisory clients have included private investment funds, investment banks and government directorates. Since 2001, Mr. Rickards has applied his financial expertise to a variety of tasks for the benefit of the national security community.
Mr. Rickards is a counselor-at-law in various state and federal courts and has held all major financial industry licenses including Series 3, Series 7, Series 24, Series 30, and Series 63. He has been a frequent panelist and moderator at professional conferences in the fields of securities, derivatives and hedge funds and is active in the International Bar Association. He has been interviewed in The Wall Street Journal, The Washington Times and "Squawk Box" on CNBC and has published an Opinion Editorial in the Washington Post.
Mr. Rickards is a graduate school visiting lecturer in finance at Northwestern University and the School of Advanced International Studies. He was invited to deliver a colloquium on market intelligence at the Applied Physics Laboratory in Maryland, part of a series given continuously since 1947, and has published articles in the fields of cognitive diversity and network science. He is a member of the Advisory Board of Shariah Capital, a firm specializing in Islamic finance. Mr. Rickards is also a member of the International Business Practices Advisory Panel to the CFIUS Support Group of the Director of National Intelligence.
Mr. Rickards holds an LL.M. (Taxation) from the New York University School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from the School of Advanced International Studies, Washington DC; and a B.A. degree with honors from the School of Arts & Sciences of The Johns Hopkins University.
http://www.omnisinc.com/directors.php
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Re: Future of the Dollar -- interesting analysis
Hey my friend how do you feel about Alex Jones now? After seeing your vid yesterday he could be my new hero. J/K on that last post always like anything you have to say.Originally posted by metalman View Post
Metal there is some weird shit going on and i don't know what to make of it U?Comment
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Re: Future of the Dollar -- interesting analysis
U R starting to sound like a trained monkey - Metal U R above thatOriginally posted by metalman View Postyep... he's a heavyweight alright. and his advice to clients? 10/90 gold/cash. like this...
when did he start giving that advice? anyone know?Comment
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Re: Future of the Dollar -- interesting analysis
You miss the point ENTIRELY, This was on CNBC for god's sakes! They just spilled the beans to J6P!Originally posted by metalman View Post
Uh-Oh! ( I don't think we get the slow steady dollar deprectiation that he talks about).Comment
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Re: Future of the Dollar -- interesting analysis
Originally posted by rabot10 View Post
NO ******* SHIT DUDE! You ain't lying. The weirder it sounds or the cookier the source, the more likely it is to be factually correct at this point. (No, I am Drop DEAD SERIOUS!).
All the crack-pot consperacy theroists were the ones that had it right from the get-go.Comment
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Re: Future of the Dollar -- interesting analysis
which vid was that? post link please...Originally posted by jtabeb View PostComment
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Re: Future of the Dollar -- interesting analysis
I like the way Mr. Rickards explained Triffin's Dilemma. Here's my transcription of Richards' remarks, starting at "4:05" in this recording:Originally posted by doom&gloom View Post
I see only a few mentions of Triffins Dilemma before on iTulip.This has to do with something called Triffins Dilemma. It came out in 1960. Economist Robert Triffin said:In order to stimulate trade in a world economy, some hard currency large nation has to run persistent large deficits, but if you run persistent large deficits, eventually you go broke.
- In August 2008, Lukester quoted an essay by Jeff Poppenhagen explaining the Triffin Dilemma. See Worthless Money, Worthless Economy: Post #2. I notice that metalman was complaining about some detail back then too; see the immediately following post
. - In March 2009, gwynedd1 observed that Triffins Dilemma explained aspects of the current situation. See China to buy Volvo: Post #10. Once again, metalman rides to the rescue, this time reminding us that Dr. Hudson warned the White House in 1970 of the dangers of closing the gold window, or some such.
- Earlier this month of September, 2009, several of us discussed the March 2009 paper of China's leading financial expert, Zhou Xiaochuan, in which he references and describes this Triffin Dilemma. See the entire thread China central bank: "Reform the International Monetary System".
Most folks are good; a few aren't.Comment
- In August 2008, Lukester quoted an essay by Jeff Poppenhagen explaining the Triffin Dilemma. See Worthless Money, Worthless Economy: Post #2. I notice that metalman was complaining about some detail back then too; see the immediately following post
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Re: Future of the Dollar -- interesting analysis
Not all of them. The "enemy" sometimes plants real crack-pots amongst us honest crack-pots, in order to discredit the lot of us.Originally posted by jtabeb View Post
Similarly they plant disruptive protestors amongst the honorable protestors, to discredit the lot of them.Most folks are good; a few aren't.Comment
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Re: Future of the Dollar -- interesting analysis
sometimes they just plant pot too to ease the pain of the crackup boom... :eek:Originally posted by ThePythonicCow View PostComment
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Re: Future of the Dollar -- interesting analysis
Ah - in researching the Triffin Dilemma, I may have found a possible explanation for why some Congressmen such as Barney Frank are showing increased willingness to rein in the Fed. In an essay of January 13, 2009 at Global imbalances and the Triffin dilemma, John Kemp (any relation to Jack?) states:
Perhaps Mr. Frank is responding to a need to rein in the Fed's vaunted independence. Such a need would be felt by and encouraged by the world's leading oligarchs, who I'm guessing support this proposed wider use of SDR's as a world meta-currency.One positive consequence may be greater stability in a more diversified financial system, once the current crisis is passed. But the price for the United States may be a loss of policy autonomy for Treasury and Federal Reserve officials used to being able to ignore the international dimension when deciding interest rates and budget deficits.
Kemp's article concluded:
Yes, it does seem clear that going to SDRs as a world meta-currency is politically unrealistic at this moment.Triffin’s own solution to the dilemma - the creation of new sources of liquidity based on issuing more IMF special drawing rights [SDRs] that would not be liability for any one country - is politically unrealistic. But reducing reliance on the dollar and U.S. Treasuries and supplementing them with other reserve assets is a necessary step to reduce system fragility. The shift is probably already underway as faith in the once-invincible dollar and U.S. financial system declines.
I wonder how the world's oligarchs will make this change to SDRs realistic :eek:.Most folks are good; a few aren't.Comment
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