Jim Rickards: A Steady Decline in the Dollar is Planned!
- What was the G20 meeting discussing about? Bankers bonuses and pay? This is an issue that do not need much discussion. Just break up all the banks that are considered too big to fail into much smaller banks. Re-institute mark to market accounting. The bank bonuses are based on accounting shenanigans, mark to model accounting. If you value a US$1M asset as US$100M, hey everyone can have a profit and obscene bonuses.
- The real discussion is the USD IMO. The rest of the world are unhappy at the state of the American economy. They know it is a matter of time before the USD collapses. Jim Rickards has some very interesting perspective on the USD, gold and the G20 behind the scenes discussion.
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