A Review Of Jim Rickards' Two-Part Article On Global Inflation And Gold Revaluation

Recently we noted a comment Jim Rickards made about the fact that lately there have been some elite economists who have written about the idea of a major upward revaluation for gold as part of an effort to get to the desired inflation targets of the central banks. In a new two-part article Jim explores this topic in depth. Below are the links to each article and a few selected quotes, followed by our own commentary.


The Elite's New Case for Gold (Part I)
The Elite's Master Plan for Global Inflation, Part II

Selected quotes from Part I

"As you may know, the “Shanghai Accord” is a secret plan created by the G-4 (China, the U.S., the eurozone and Japan) on the sidelines of the G-20 meeting in Shanghai, China, on Feb. 26.

The plan is to strengthen the euro and the yen and ease the dollar. With the Chinese yuan pegged to the dollar, this combination gives China financial ease and a competitive advantage over its trading partners.

The Shanghai Accord will be an operative reality in global currency markets for the next several years."

"Below, I show you the one way to produce inflation that doesn’t require the Shanghai Accord or destructive currency wars. And the elites are finally starting to talk about it publicly. What’s their next plan? Read on…"

"So there are three ways out of debt. One is default, which is not a good option. One is growth, but it’s not happening. The third way is inflation. The government has to have inflation. If it doesn’t, there’s going to be a crack-up in the national debt.

But we’re not getting inflation from monetary policy. There’s another option, however. The idea’s been around for a long time, but now it’s being spoken about publicly by elites. That’s to have central banks, whether the Fed or the emerging markets, bid up the price of gold.

A higher gold price will also drive prices in the overall economy higher."

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