Jim Rickards does new media interviews on a regular basis every week so it is not too hard to follow him and see if he offers anything new. In this new interview released on Saturday September 27th, he does add some comments I had not seen before. He suggests that when the next financial crisis happens (something he predicts) that he believes that the authorities may "close things down" instead of printing more new money.
Here are some quotes from the interview linked above:
"(Jim) Rickards attended Forex World Istanbul and delivered a presentation on currency wars at the event on Friday. I found the opportunity to ask a couple of questions to Jim following his book signing event. I am sharing this short interview and Rickards’ exclusive comments here."
"-What about the role of BIS, in today’s picture and can it have a future role like you described for the IMF?
"-Last question Jim, you are telling us in your books that there would be a financial panic... Can you describe us what kind of events could happen during this financial panic? What are your expectations?
I will reiterate that his views on this directly contradict the mainstream view of the future as presented by most mainstream financial media (like Bloomberg and CNBC). They do not suggest any kind of crisis like this will happen. And while the IMF and BIS and G20 have issued warnings, they continue to state that they believe the risks can be managed and over time mitigated. They do not forecast a crisis like Jim Rickards is predicting.
We will follow it here for as long as it takes to find out if Jim Rickards will be right or not. We will probably have a good idea by early in 2015, but it could be beyond that time frame too. Whatever time frame it is, we will follow it here for readers.