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Financial Experts with Great Prediction Records Are Saying Another Economic Meltdown is Imminent

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Latest on the growing list of such experts is a man with the highest government clearance at the Pentagon and CIA, w ho has access to some of the most sensitive military and economic intelligence , who regularly briefed the Treasury Dept., and who has testified before the Senate and House of Representatives.   He recently issued the following warning:  

"An Economic Pearl Harbor Is about to Strike America." 

The CIA enlisted James Rickards to investigate the last direct attack on our country and economy -- on 9/11.   And now Rickards has joined those who believe the outcome of the next attack on our country could be as severe as the Great Depression.   He says that barring a miracle, our already fragile financial system will collapse and in the process destroy the wealth of tens of millions of Americans.  

  The $50 trillion lost in our recent (and for most people still continuing) recession could be just a drop in the bucket by comparison.   Picture, as Rickards does, $100 trillion vanishing from Main Street America and our economy.   Picture investment accounts crumbling into ashes, impoverishing even many of the wealthy, as the stock market suddenly plunges 50%, with no floor in sight .   Picture inflation hitting extreme levels that make the 1970s inflation look like a pleasant memory, as what's left of the dollar is eradicated.  

  In addition to being a top-security adviser to the Pentagon, CIA, Department of Defense, and the Director of National Intelligence , Rickards is also a respected Wall Street lawyer and former investment banker who spent 35 years on Wall Street.  

  Before 9/11, Rickards was called upon by our government to intervene in some of our recent history's most important events.   For example, the government placed him in the heart of the negotiations to free 52 innocent Americans during the Iran hostage crisis that endured for 444 straight days, from 1979 through 1981.  

  Then, in 1998 the large hedge fund Long-Term Capital Management (LTCM) almost single-handedly destroyed our economy when its trillion-dollar exposure to risky investments threatened to unleash a financial catastrophe not seen in the previous 60 years.   T he Federal Reserve later stated that if LTCM had been allowed to collapse, our nation's meltdown could've happened in 1998 instead of a decade later.   Rickards played a major role in stopping it from happening in 1998 when he was recruited to work with the major banks to avert bedlam.  

  A few years later, Rickards' expertise in Middle Eastern financing, and his ability to operate in secrecy, resulted in top CIA officials placing him in the center of an investigation into certain aspects of the cryptic events surrounding 9/11.   The CIA enlisted him to examine terrorist ties to a large block of insider trading that occurred on Wall Street just prior to the attack.  

  Because of the direct loss of innocent lives, we don't often stop to think that 9/11 was also a strike on our economy.   In fact, Osama bin Laden even stated, on numerous occasions, that economic and financial damage to the US was one of his top priorities.   All in all, we lost $6.4 trillion when you factor in the loss in market wealth, plus the costs of the wars in Iraq and Afghanistan that followed.  

The first signs of financial and economic instability and the ignored warnings

  In 2005 Rickards began to see that our economy and financial markets had become unstable and were headed toward a code red status.   So he began briefing the Treasury on a regular basis.   But w hen, to their surprise, he began making accusations against the very people to whom he was reporting, at Treasury and the Federal Reserve, his message was shunted aside.   His concerns reached a boiling point at a Treasury meeting when he declared that, with respect to the national and financial security of the United States, Ben Bernanke had become more dangerous than al-Qaeda.     

  Then recession struck, just as Rickards had predicted.   And now he is seeing those code red warnings again.   But this time the signals are twice as strong.   And they are exposing a frightening revelation that could, and should, bring down many powerful people.   He has uncovered evidence suggesting that for the last few years the U.S. government and Federal Reserve have been covertly working together to commit an unspeakable kind of economic attack against not only other nations, but American citizens as well.  

  As one would hope, he rushed to discuss his findings with both the Senate and House of Representatives.   However, when Congress heard that the blame didn't fall on a Middle Eastern country or on a corrupt Wall Street firm, or a terrorist group,   but instead fell on people who are considered to be America's leaders -- some of whom were present at the time of his testimony -- they didn't want to hear any more.  

  Finally Rickards, well known to top Pentagon generals, shared this intelligence with them, whereupon he was immediately taken to a top-secret facility in Maryland -- the Pentagon's Warfare Analysis Laboratory -- and was asked to carefully and completely lay out this so-called "Economic Pearl Harbor" scenario that allegedly stems from a financial war that our very own leaders have (inadvertently?) started, and which is now precipitating a global counterattack that nobody on Capitol Hill, at the Treasury, or at the Federal Reserve wants to hear about, acknowledge or think about.  

  Rickards then described to the generals a situation that could eventually escalate into military conflicts with China, Iran, or Russia, and possibly all three.   At the heart of this situation is what Rickards calls a global currency war, which, he told them, we are very likely going to lose.  

To out this critically important story, the financial publisher at Newsmax commissioned an Emmy Award-winning director to follow Rickards and a team of economists that includes the chairman of Forbes Media, global market specialist Sean Hyman , and Bob Wiedemer , the author of the New York Times best-selling Aftershock , a book about the imminence of this next global financial meltdown.   Together they have, in a documentary film -- watch it here -- discussed and fully exposed this threat to our country.  

  Rickards believes the Federal Reserve, and our government, have backed themselves into a corner, and now realize that they've not just overseen the massive growth of our debt but also the simultaneous crippling of our "Main Street" economy.   They are finally beginning to understand that this is why we are not seeing a real recovery from the recession:   Too many Americans have lost good-paying jobs, their life savings, and their investment portfolios, and as a result they are no longer spending nearly enough to bring the economy back to life.    Yes, the top one or two percent are doing fine, but that's not enough to bring the Main Street economy back.

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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 
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While James Rickards' NY Times best-selling boo... by Richard Clark on Wednesday, May 8, 2013 at 12:30:56 AM
I think you got it Mr Clark and I respect Paul Rob... by crispy on Monday, May 13, 2013 at 12:30:17 AM
"Economist Peter Schiff Forecasts Second ... by Richard Clark on Wednesday, May 8, 2013 at 1:37:34 PM
I know. I know.  It can be goosed, manipulate... by Scott Baker on Wednesday, May 8, 2013 at 6:40:20 PM
both parties caused the current crisis, and both a... by Mark Adams JD/MBA on Wednesday, May 8, 2013 at 7:47:31 PM
Where's the beef?  Where is the evidence, the... by Mark Colwell on Wednesday, May 8, 2013 at 3:38:26 PM
It's no "secret" that China is making deals with i... by Derryl Hermanutz on Wednesday, May 8, 2013 at 4:48:31 PM
All very good points, and thanks v. much for them.... by Richard Clark on Wednesday, May 8, 2013 at 5:22:13 PM
An accomplied liar... I mean lawyer, investment ba... by Mark Colwell on Wednesday, May 8, 2013 at 7:02:33 PM
1.     It's no "secre... by Mark Colwell on Wednesday, May 8, 2013 at 6:49:54 PM
All of them Mark stopped selling  oil in doll... by crispy on Monday, May 13, 2013 at 12:24:31 AM
You may be right, however I still don't see any pr... by Mark Colwell on Monday, May 13, 2013 at 2:49:15 PM
I don't believe anyone has said that James Rickert... by Richard Clark on Monday, May 13, 2013 at 9:38:34 PM
4. The US has been attacking nations and enginee... by Mark Colwell on Wednesday, May 8, 2013 at 6:51:03 PM
I've read that isn't going smoothly.... by Jerry Scott on Sunday, May 12, 2013 at 4:23:31 PM
Greetings:  Interesting discussion.  Let... by Eric Lucas on Wednesday, May 8, 2013 at 7:50:51 PM
Eric, if you had your choice of currencies in whic... by Richard Clark on Wednesday, May 8, 2013 at 11:48:10 PM
Peter Schiff is a stopped clock gold bug who's bee... by Scott Baker on Thursday, May 9, 2013 at 4:46:41 AM
And in that attempt, I've taken the liberty of cla... by Richard Clark on Thursday, May 9, 2013 at 11:19:48 AM
We need debt-free money to break the stranglehold ... by Richard Clark on Thursday, May 9, 2013 at 11:27:08 AM
Congress can, and has, issued debt-free money, a... by Richard Clark on Thursday, May 9, 2013 at 11:30:25 AM
Not sure why it was unclear, but you restated it w... by Scott Baker on Thursday, May 9, 2013 at 1:00:50 PM
I can think of no more ringing endorsement than t... by Scott Baker on Thursday, May 9, 2013 at 7:12:43 PM
Gentlemen:  Sorry I did not comment sooner. &... by Eric Lucas on Saturday, May 11, 2013 at 10:31:47 AM
People who have the fortune to go to work for very... by Richard Clark on Saturday, May 11, 2013 at 3:34:47 PM
What makes a gold back currency with an unfixed ex... by Jerry Scott on Sunday, May 12, 2013 at 5:33:21 PM
<<< What makes a gold back currency with ... by Richard Clark on Sunday, May 12, 2013 at 7:40:38 PM
"If our US currency steadily loses value because e... by Jerry Scott on Tuesday, May 14, 2013 at 4:07:40 AM
You say American dollars are not created out o... by Richard Clark on Tuesday, May 14, 2013 at 10:40:44 AM
Digital money may be created out of thin air. ... by Jerry Scott on Wednesday, May 15, 2013 at 12:51:05 AM
Bloomberg:" . . the Fed, in its efforts to boost g... by Richard Clark on Wednesday, May 15, 2013 at 9:50:33 AM
Thanks for the link. If you had used the word mon... by Jerry Scott on Wednesday, May 15, 2013 at 2:57:53 PM
<<< Your experts are not the ones I know ... by Richard Clark on Sunday, May 12, 2013 at 7:45:25 PM
get itself into such a terrible and precarious pos... by Archie on Thursday, May 9, 2013 at 12:00:25 AM
I say (the above) that your article is a gold sell... by Kevin Anthony Stoda on Thursday, May 9, 2013 at 4:46:04 AM
The chief investment strategist at Standard & ... by Richard Clark on Friday, May 10, 2013 at 9:48:41 AM
Wiedemer explains why Buffett, Paulson, and Soros ... by Richard Clark on Friday, May 10, 2013 at 9:55:11 AM
I generally discount the new breed of videos with ... by Scott Baker on Friday, May 10, 2013 at 12:26:52 PM
I certainly agree with all that you said, but I wo... by Richard Clark on Friday, May 10, 2013 at 6:30:07 PM
 Finally Rickards, well known to top Pentagon... by Michael Dewey on Saturday, May 18, 2013 at 9:46:58 AM