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September 14, 2017 | Rickards: “Next Financial Crisis 6-8 Months Away” Got Popcorn? Gold?

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

In a Daily Mail interview, Jim Rickards says the next financial crisis is eight months away, will be BIGGER than the last and triggered by war with North Korea.

“It is inevitable, it will hit us in the next six to eight months,” claims Rickards.

My Response

 

I do not make light of nuclear war. Rather, I mock predictions that such an event will happen within a designated time frame, if at all.

Perhaps it will. Heck, it is “conceivable” war breaks out next week or later today.

If war happens, and Seoul is flattened, it may indeed trigger a huge financial meltdown. China has even agreed to back North Korea if we strike first.

At a minimum, I would expect an enormous supply chain disruption and an immediate global recession. Treasury yields would collapse.

The likelihood is that war won’t happen in the predicted timeframe.

 

Sensational headlines are not necessary to promote gold.

Related Articles 

  1. War Games: China Say It Will Prevent US From Attacking North Korea First (Is this a Game or is it Real?)
  2. North Korea Explodes Hydrogen Bomb, Triggers 6.3 Magnitude Earthquake: What’s Trump to Do?

Link 2 above details the significance of South Korea. It’s far greater than most think.

Forget the popcorn. Buy gold.

Forget the popcorn. Buy gold. How Much? See How Much Gold Should the Common Man Own?

Mike “Mish” Shedlock

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September 14th, 2017

Posted In: Mish Talk

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