James Rickards! For RealJocks Who Have Degrees in Finance, Economics or Have Traded Stocks and/or Currencies

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    May 12, 2015 4:19 PM GMT

    (note: this video is more than 30 min.s long)

    http://pro.moneymappress.com/MMRBS495LG/PMMRR4AA/?iris=360112&ad=cceod-cfemmsk&h=true


    Forbes Magazine on James Rickards:

    http://www.forbes.com/sites/ralphbenko/2014/04/28/is-james-rickards-right-about-a-coming-monetary-apocalypse/
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    May 12, 2015 4:29 PM GMT
    Which currency is likely to fall first

    U.S. Dollar as World Currency

    or

    Euro

    The Euro is not the world currency.
    Yes, Greece is a problem but an argument can be made that the US have some worse economic indicators than the Eurozone.



    Basically, James Rickards says protect finances by investments in the Euro. He believes when the U.S.D. is taken down a notch, the Euro should strengthen against the USD.

    Use a hard asset escape plan (following a Warren Buffet play).
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    May 12, 2015 4:32 PM GMT
    Gold ETF isn't as safe a play as some people think.

    I'm pretty sure when I was trading, I BOUGHT ETF ticker symbold GLD.
  • Svnw688

    Posts: 3350

    May 12, 2015 8:03 PM GMT
    I have a broker who handles my investments. I'm (relatively) young and have an aggressive portfolio and it's paying off (relatively) well--though I understand it just as easily could have--or still could--turn South. I'm just happy for now.

    Nobody thinks the feds are going to raise the interest rate until--at the earliest--Sept/Oct, so happy days for now.
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    May 12, 2015 9:00 PM GMT
    EEEEEEW

    all of this is not as expected.

    The link for the video is moneymappress which is a rip off scam.

    that is unless your completely stupid and want to buy their Project Prophecy 2.0 abatement plan revision 2.0 for $40.00



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    May 12, 2015 9:15 PM GMT
    This is complete hogwash. I spent 15 years on Wall Street as a floor trader in equity-based and bond-based derivatives. And there isn't a single second of this that isn't pure gibberish.
  • tj85016

    Posts: 4123

    May 12, 2015 10:55 PM GMT
    Sharkspeare saidThis is complete hogwash. I spent 15 years on Wall Street as a floor trader in equity-based and bond-based derivatives. And there isn't a single second of this that isn't pure gibberish.


    lol yep, trade away against 25,000 traders in New York, Chicago, London, Tokyo and Frankfurt who will slice you to pieces

    they know where your bids are, they know where your stops are
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    May 13, 2015 7:43 AM GMT
    pellaz saidEEEEEEW

    all of this is not as expected.

    The link for the video is moneymappress which is a rip off scam.

    that is unless your completely stupid and want to buy their Project Prophecy 2.0 abatement plan revision 2.0 for $40.00



    Not really. I think it is an interesting perspective on the market. I'd rather go through his materials than not go through his materials.

    I'm glad to have pulled my head out of being an Excel Data Analyst, studying SQL, finishing a read-through of the Project Management Institute's PMBOK, watching webinars, studying Josephus and the topic of the Historical Jesus, my body at age 53, Lifetime Fitness Health Club, my 2006 Prius

    and be able to think about market strategies again.

    If I were in NYC again, I'd go to the Yale Club and listen to him speak, if that was something to attend. Years back, I was there to listen to an author speak about the relationship of oil prices to the stock market. I'm glad at spent some time with that author-fund manager. Is it my focus right now in my "econometric" model? No.

    Is Brazil a focus right now in my "econometric" model of the global market? No.

    If I had a committed lover, or just a friend, or an alum, or someone from investments groups/trading groups that have stayed with the market, keeping up with the knowledge and gaining wisdom, I'd be better off. BUT, go to technical trading monthly meeting, it is not encouraging that one would find a husband there. Some of the speakers are quite affluent if not better.

    Still, when I commute home, I'm sure the people driving the Nissan Z's are tech people.

    What is that? When I was on the highways within 20 miles of Manhattan, I didn't see as many Nissan Z's as I see in the 35 mile radius of Plano, TX.



  • Posted by a hidden member.
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    May 13, 2015 7:45 AM GMT
    pellaz saidEEEEEEW

    all of this is not as expected.

    The link for the video is moneymappress which is a rip off scam.

    that is unless your completely stupid and want to buy their Project Prophecy 2.0 abatement plan revision 2.0 for $40.00



    This author is valuable to me. People who explore his work are not completely stupid.
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    May 13, 2015 7:49 AM GMT
    Svnw688 saidI have a broker who handles my investments. I'm (relatively) young and have an aggressive portfolio and it's paying off (relatively) well--though I understand it just as easily could have--or still could--turn South. I'm just happy for now.

    Nobody thinks the feds are going to raise the interest rate until--at the earliest--Sept/Oct, so happy days for now.


    Where I left off is having moved from mutual funds and stock portfolios considered "aggressive" to technical analysis.

    Yea, I remember it all but I would need to get up to date about what is aggressive now versus then.

    Yea, there are some classic conservative plays; but, I'm not walking into an office where my colleagues have WSJ, Financial Times, Institutional Trader, and me sometimes picking up a Barrons anymore. And I don't have the water cooler conversations either.

    Getting back on the bicycle, Svnw688. Thanks for responding.
    Stephen
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    May 13, 2015 8:01 AM GMT
    tj85016 said
    Sharkspeare saidThis is complete hogwash. I spent 15 years on Wall Street as a floor trader in equity-based and bond-based derivatives. And there isn't a single second of this that isn't pure gibberish.


    lol yep, trade away against 25,000 traders in New York, Chicago, London, Tokyo and Frankfurt who will slice you to pieces

    they know where your bids are, they know where your stops are


    We know this. Being acquainted with IBD methodology, other methodologies, having trading experience and being part of trading communities teach us this.

    Actually, that is not the mission of the 25,000 traders or what their institutional clients are paying them for. They betta be looking at competition there own size, too.

    One of the speakers at one of my former, monthly technical analysis groups showed us how individual investors move in the market vs. the professional traders.

    Yes, there is some shit going on in the market; and, as we used to say in the private bank, there is some noise out there, as well. Like I said earlier. I need the continuity of a real man, a real financial friend to keep me abreast of how people have been getting burned and how people are profiting well in their trades.

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    May 13, 2015 8:04 AM GMT
    pellaz saidEEEEEEW

    all of this is not as expected.

    The link for the video is moneymappress which is a rip off scam.

    that is unless your completely stupid and want to buy their Project Prophecy 2.0 abatement plan revision 2.0 for $40.00


    About James Rickard and his book, the Death of Money

    Advance praise (“A terrifically interesting and useful book….”) from Brookings’s senior fellow Kenneth W. Dam, former Deputy Secretary of the Treasury and author of The Rules of the Game: Reform and Evolution in the International Monetary System, is an attention getter.

    So, who are you?
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    May 13, 2015 8:08 AM GMT


    a lot of people are running around talking doom and gloom, the end of the dollar and all that. I might even agree with that, but I don’t think it has a lot of content.

    What I try to do is provide a more in-depth analysis describing what will come next, what the future international monetary system will look like.

    I point out that the international monetary system has already collapsed three times within the last 100 years—1914, 1939, and 1971—and that another collapse would not be at all unusual. But it’s not the end of the world. It’s just that the major powers sit down and reform the system. I talk about what that reformation will look like.

    And “what that reformation will look like” really does constitute the most interesting part of The Death of Money.
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    May 13, 2015 8:32 AM GMT
    Rickards then disposes of the even more pernicious myth that the true gold standard caused and perpetuated the Great Depression.

    The Great Depression, conventionally dated from 1929 to 1940, was preceded by the adoption of the “gold-exchange standard,” which emerged in stages from 1922 to 1925 and functioned with great difficulty until 1939.



    The gold exchange standard was, at best, a pale imitation of a true gold standard and, at worst, a massive fraud. …

    The sequence of events from 1922 to 1933 shows that the Great Depression was caused not by gold but rather by central bank discretionary policies. The gold exchange standard was fatally flawed because it did not take gold’s free-market price into account. … The gold exchange standard did contribute to the Great Depression because it was not a true gold standard. It was a poorly designed hybrid, manipulated and mismanaged by discretionary monetary policy conducted by central banks, particularly in the U.K. and the United States.

    Central bank mismanagement as causing the Great Depression is in no way a fringe claim. As then Federal Reserve Board governor Ben Bernanke stated, in a 2002 speech on the occasion of Milton Friedman’s 90th birthday, “I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”


    I think that's fascinating.

    No, I don't have a MS in Finance & Investments. The class I did have on Monetary Policy was an undergraduate presentation of Monetary Policy. Ben Bernanke gave the speech in 2002. Maybe after that, undergraduates and graduates know this as basic information about Central Bank management.

    Actually, no. I think this is a topic for a second or third class in an academic curriculum at either the undergraduate or graduate level.

    Just sent a note to a former manager at Neuberger to see what he thinks.

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    May 13, 2015 8:36 AM GMT
    "Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation."

    Yea, yea, but I'm wondering what would a Platinum standard do? I mean there are other precious metals. Maybe a good article on the history of positioning precious metals (past 4,000 years) would be a good read.
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    May 13, 2015 8:41 AM GMT
    This columnist, on behalf of American Principles In Action for which he serves as Senior Advisor has briefed well over 100 Congressional legislative aides on the importance of good monetary policy for creating a climate of equitable prosperity.

    [Stephenoabc: yes, congressional aides likely have not graduated college or have just graduated college--likely a top-ranked college.]

    “Political will” makes it sound as though adopting the gold standard is a painful counsel of rectitude rather than one of equitable prosperity. Rather the opposite.

    As Forbes.com’s own Nathan Lewis has pointed out, in The Correlation Between The Gold Standard And Stupendous Growth Is Clear, possibly the most prosperous epoch in world history correlated tightly with the era of the true gold standard in America. Lewis teaches us that real GDP grew almost sevenfold over around 40 years. By contrast, over the 40+ years of fiduciary dollar management ushered in, on August 15, 1971, by Richard Nixon, industrial production grew by a paltry 159%.

    Congresspeople universally favor equitable (especially the Democrats) prosperity (especially Republicans). Adopting a policy — the classical gold standard — that has a plausible chance of dramatically increasing the rate of equitable economic growth does not require “political will.” It merely requires more “demonstrable data and reasonable inference.”

    The Death of Money makes a valuable contribution to our economic discourse. One can but hope that our Senators and Representatives find their way to it … and find themselves moved to explore this important matter, perhaps in the context of supporting the Brady-Cornyn Centennial Monetary Commission which is proposed to study the data pertaining to six monetary regimes, including the gold standard.

    A lot of data suggests that the gold standard is the best formula to bring America, and the world, out of economic stagnation. Rickards, in The Death of Money, is less interested in the death of Federal Reserve Notes than in the resurrection of the dollar as Gold Certificates. That resurrection is a recipe for equitable prosperity, job creation, ending wage stagnation and inequitable income distribution, and curing our chronic federal deficit.

    Call it the Rebirth of Money.
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    May 14, 2015 1:18 AM GMT
    I'm reading the amazon.com 2-star and 1-star reviews of his book The Death of Money.

    I think I'd be better off reading the two books that were up for the Nobel Prize for Economics, one of which won. Both were by French authors.
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    May 14, 2015 1:24 AM GMT
    I do not like his video's tactic of not allowing people to fast forward the video.

    I do not like his website. I cannot get his stock picks from the shop page of his website.

    http://www.jamesrickardsproject.com/
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    May 14, 2015 1:26 AM GMT
    In the video, what he says and shows about the velocity of money is thought-provoking.