"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises

Tuesday, November 9, 2010

US Military Running War Games Based On Economic/Dollar Collapse Scenario

James Rickards is Senior Managing Director for Market Intelligence at Omnis Inc.  He has also served as a consultant to the various branches of the US Military, focusing on financial threats to national security.  In this interview with King World News, he discusses recent US Militrary war games exercises based on global economic collapse and civil disorder, as well as World Bank President Robert Zoellick's recent comments on a gold standard, Fed QE2, the IMF and G20, the ongoing currency war, and recent gold market activity.

Keep in mind that the US Military always prepares for possible threats.  These war games have been named: "Unified Quest 2011."  I don't want to be an alarmist, and I don't think we're facing anything like that anytime soon, but it's always best to prepare. 

Link to the interview HERE.

[Update 11/12/2010- I have another post with an additional source on the topic HERE.]

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