that out now tomorrow of course is the f o m c minute meetings results ben bernanke has a presser jim rickards author of currency wars will be here with his insights he's always amazing on the fed you can watch us and h.d. on hulu there's the address right there and from every here at capital account thank you so much for watching and have a great night. you see. destruction with and see. what could be just really. saying a great sacrifice. and. understood by drugs which.

wars who's winning who's losing what's the collateral damage the man who wrote the book on it jim rickards is here to discuss plus does deed value in the dollar fuel exports or does innovation and investment do that well if you think it's the latter unfortunately u.s. corporations cut an estimated one hundred seventy five billion dollars in investment from two thousand and nine to two thousand and eleven according to s. and p. which calls this un says dana will have reported by the wall street journal will talk about that and our interview with m.m.t. economist stephanie calton yesterday spurred so many responses six hundred so far it's been less than twenty four hours it is to get in so much just gushing we'll talk about it in loose change let's get to today's capital account. ok so today the fed announced it's expanding its bond buying which by now has become a bit of a youn to be quite honest it was expected which is alarming that q.e. infinity has become just that and has become the norm perhaps a little more earth shattering in fed world is that the fed's change from the fed change fr

backed by gold well recurring down sun times report weighed in on the twitter sphere about this jim rickards said that china gets over four thousand tons what she looks like they'll be announcing that shortly they will announce a partially gold back room and b. and also member jan squirrels said she heard a rumor that china's going to have up to six thousand tons of gold meanwhile america as leased out most of their gold in fort knox doesn't exist and of course britain sold six hundred sixty percent of their gold four hundred tons to germany back in two thousand and one so they have almost no gold at all and now of course the times presents this as a currency war and it's a hostile act for china to entertain the notion of a gold backed currency but you know you combine this with glenn stevens warnings about. basically the monkeys jumping cannonball jumps of policy that's where our monetary policy is now we're cannibal jumping into the pool hoping our splash is bigger than the others but at this point you know the splash or the splashes of quantitative easing appear to be having less and less

pool won't cost you more by definition is basement which is the same thing as hyperinflation so jim rickards agrees. peter schiff agrees marc clubber agrees jim rogers agrees most of the informed economists around the world a grave that hyperinflation is a mouse in the cards so gold is part of these currency wars and this week max everybody out there in twitter on facebook and the e-mail people have been sending us e-mails saying i think the queen watches the kaiser report because she was down at the bank of england checking out the gold supply queen gives benke chiefs a ticking off over the crash as she visits vaults the queen goes to the bank of england and asks about the two thousand and eight crash she said what happened was everybody just got a bit lax and. cut patio who is on the banks financial services committee he gave the queen three reasons for the crash of two thousand and eight max he said that the financial crises were like earthquakes and flu pandemics and because they were rare events they were difficult to predict obviously he was watching b.b.c. news night with. only the ni

week and we've received so much feedback so we have some good ones today so first of all we had jim rickards on earlier this week and bam bam twelve said question please the government wants to create inflation why jim's assessment that weakening the dollar to increase exports was just a cover story has to be right because it makes no sense at all though creating inflation by increasing import prices does because workers is kind of saying this that the government wants to import inflation and so that goes through to prices in the u.s. because the u.s. is a net importer so here's jim rickards you on why the government will want inflation take a listen. to the bar with negative real rates shock you into spending with a higher than the specs inflation in the combinations designed to give last year and that's the sort of secret plan behind it so. so that's his view i said government i should have said fed and i should mention the fed may also be trying to prop up asset prices to avoid a deflationary to leverage ing that is so painful so that's another commonly given reason now with first said to

wars which he has been talking about for so much longer way before it became in fashion to do so jim rickards is here author of tangent capital partners or excuse me capital partners author of currency wars the book you see there and really the man to talk about the fed with on a day like today so jim rickards thanks so much for being here thank you are great to be here yet so let's just talk about this fed decision today because the fed now operation twist ending operation twist didn't change the balance sheet in terms of the size it just changed the composition right now they're saying they're just going out right by forty five billion dollars in treasuries and continue that forty billion dollars in mortgage backed security buying so continuing bond purchases but at this point is this just the fed now trying to fight the addiction verse is fighting the treatment there excuse me versus giving out the treatment to the disease it was originally meant to fight what the feds really for the use of depression that they won't use that word we've been a depression since two thousand and seven we've

with how and how massive the the amount of money in circulation is but then there are folks like jim rickards who wrote currency wars he says no this is an issue of price and i want to play a little of what he said in the past. people would say well there's not enough gold to support world trade well there's not enough gold this seven hundred dollars an ounce but there is enough gold at seven thousand dollars an ounce another is the same quantity of gold will support any amount of under one transactions depending on the price so just quickly before we go to break is there a point to that do people kind of frame this argument incorrectly and he's making kind of a point to address that but at the price you have to worry about. you know if we want to replace all the money circulating in the world with gold we could do with. price of seven or more likely ten thousand dollars per ounce but that doesn't mean tying monetary policy to gold would be desirable it just means that. it's a mistake we could make along with many other possible mistakes bearing up ok more on this after the break we'll talk a

that out now tomorrow of course is the f o m c minute meetings results ben bernanke has a presser jim rickards author of currency wars will be here with his insights he's always amazing on the fed you can watch us and h.d. on hulu there's the address right there and forever in here at capital account thank you so much for watching and have a great night. you see. destruction with and see. what could be just really. saying a great sacrifice. and. understood by just six. we're going to college. you to is a. job . site. well into the future science technology innovation called the least developed mints from around russia we've got the future covered. up to speed cool language. programs and documentaries in arabic it's all here on all t.v. reporting from the world's hot spots of a p.r. people interview most intriguing stories for you here. in trying. to find out more visit are a big all teeth dog called. michelle soon which brightened a few pounds from phones to impressions. from stone totty dot com. you know how sometimes you see a story and it seems so you think you understand it and then you gl

that out now tomorrow of course is the f o m c minute meetings results ben bernanke has a presser jim rickards author of currency wars will be here with his insights he's always amazing on the fed you can watch us and h.d. on hulu there's the address right there and forever in here at capital account thank you so much for watching and have a great night. live . you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. in the news that sigrid laboratory to mccurry was able to build a new most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and worry that this is why you should care only on the dog. he is on to see. destruction without to see. what could have been just ruins. saved by a great sacrifice a hundred story by huge efforts. a remarkable reminder of courage and selflessness. truth beauty is a peop

is a net importer so here's jim rickards you are why the government will want inflation take a listen. negative real rates shock you into spending with the higher than the specs inflation and the combinations designed to give last year and that's the sort of secret plan behind it so. so that's his view i said government i should have said fed and i should mention the fed may also be trying to prop up asset prices to avoid a deflationary to leverage that is so painful so that's another commonly given reason now with first said to us sort of you are new to just how to thought when the fed makes future announcements someone from capital account should be in the press gallery to ask questions well with first another dear viewers have i got news for you take a look at this video see that red head in the background looking very astute that has our own segment producer just seen underhill she wasn't called on this time to ask her question but just you wait we will keep sending her until she gets a question in and in response to our discussion with eric sprott earlier this week for britain's

that out now tomorrow of course is the f o m c minute meetings results ben bernanke has a presser jim rickards author of currency wars will be here with his insights he's always amazing on the fed you can watch us and h.d. on hulu there's the address right there and from every here at capital account thank you so much for watching and have a great night. you see. destruction with and see. what could be just really. saying a great sacrifice. and. understood by drugs which. are going to college and something that. you do is a. job . site. call. it. up. close and. play. play. to me speak your language just click click programs and documentaries in arabic it's all here on the t.v. reporting from the world's hot spots the v.i.p. interviews intriguing story for you. in trying arabic to find out more visit our big teeth dog called. live play. play. play. play. play. play. play who. play play play play play . mission is free cretaceous free. for judges free. agent free. three stooges free. download free blog counseling video for your media projects and free media dog hearty dot com you. get up sometim

tomorrow of course is the f o m c minute error with meetings results ben bernanke as a presser jim rickards author of currency wars will be here with his insights he's always amazing on the fed you can watch us and h.d. on hulu there's the address right there every every here at capital account thank you so much for watching and have a great night. mission free cretaceous free in-store charge free arrangement free. three stooges free. download free broncos quality video for your media projects a free radio gondar t. dot com. wealthy british soil the sun. rises from the. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to conjure reports .

that out now tomorrow of course is the f o m c minute meetings results ben bernanke has a presser jim rickards author of currency wars will be here with his insights he's always amazing on the fed you can watch us and h.d. on hulu there's the address right there every every year at capital account thank you so much for watching and have a great night. for you. will leave. don't tell me how much you are my. primary. coming up. download the official publication so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device watch our t.v. any time and. you know sometimes you see a story and it seems so silly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm sorry welcome to the big picture. i'm going mission and free accreditation free. free. free. free. free. free. free. download the official. language. favorites.

that out now tomorrow of course is the f o m c minute meetings results ben bernanke has a presser jim rickards author of currency wars will be here with his insights he's always amazing on the fed you can watch us in h.d. on hulu there's the address right there ever ever in here at capital account thank you so much for watching and have a great night. download the show to the creation so true to life stream quality and enjoy your favorite. t.v. is not required to watch all its all you need is your mobile device what you are to any time. well.