James Rickards-Next Crash Exponentially Larger than Any Financial Panic in History

Greg Hunter, Published on Oct 12, 2014
James Rickards, best-selling author of “The Death of Money,” says a huge financial panic is a mathematical certainty. Rickards explains, “It is a mathematical certainty, but I can take it further . . . what you don’t hear is this will be exponentially larger than any financial panic in the past. . . . The next time, the Fed is going to be in trouble. They are already insolvent on a mark- to-market basis. Each bailout gets much bigger than the one before. The Fed has a 10 foot seawall, and they are going to get hit with a 50 foot tsunami.”

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