“But if the watchman see the sword come, and blow not the trumpet, and the people be not warned;

if the sword come, and take any person from among them, he is taken away in his iniquity;

but his blood will I require at the watchman's hand."

Ezekiel 33:6

"A righteous man falling down before the wicked is as a troubled fountain, and a corrupt spring."

Proverbs 25:26

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Updated: Jim Rickards on King World News, Parts I & II: Manipulation and the Golden Bullet

Submitted by Michael Nystrom

Stock Market and Manipulation:
I always like to say if a private sector person does it, it's manipulation, but if the government does it it's policy. So they call it policy and they would say they had reasons for it, but in fact it was massively distorting.
Well I don't even take the stock market seriously Eric and I mean that in all seriousness. Who's in the stock market, right? You have indexers and robots. Is anybody else trading the stock market?
The Golden Bullet:
Gold actually brings me to my second point Eric about Fed policy, we said are they out of bullets. They don't think they are, they think they've got quantitative easing they can do in much larger size. I don't think quantitative easing is a bullet that's going to work. I think that chamber is empty. But the Fed does have a bullet that they may not even realize which I call 'The Golden Bullet.' Which would be basically conducting open market operations in gold in such a way as to devalue the dollar.
If you're worried about deflation and you want to cause inflation and you're printing money as fast as you can and the inflation is not happening, at some point you have to stop and ask yourself, well what else can I do? The answer is that you can severely devalue the dollar against gold...So the Fed wakes up one day and as fiscal agent for the Treasury, we're a buyer at...
If that happens to be $2,000 an ounce, what have you done? You've depreciated the dollar by not quite 50%. Well that's pretty powerful stuff if you are trying to get people to spend money and dump dollars. So they are not out of bullets, they have what I call the golden bullet...They have that kind of ace in the hole if they really want to trash the dollar.
Listen to the full interview:




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