r/Bitcoin - James Rickards, author of "The Death of Money ...

James Rickards: The Fed Is Going To Cause Recession and Bitcoin

http://www.zerohedge.com/news/2017-06-26/james-rickards-fed-going-cause-recession
Mr. Rickards: Dollars, euros, yuan, gold, and bitcoin are five different kinds of money, but they’re not investments. They’re money. If I buy stock in a company, I can look at management, I can look at earnings, I can look at a whole bunch of things to come up with an evaluation. That’s an investment.
But bitcoin is not an asset class. It’s not an investment. It’s just money. If I buy bitcoin, I’m swapping one kind of money for another.
So when you see bitcoin go from $1,000 to $2,000 or $3,000, what’s happening? If one bitcoin is my unit of measurement, then the dollar is going down. So one possibility is that people are losing confidence in the dollar.
Is there any other evidence for that? If people are losing confidence in the dollar, it would be reflected in a lot of places. Gold would be going up. Oil would be going up. Real estate would be going up.
Except that what we have is bitcoin going up and everything else not. Gold’s up a little, but you know all these things go up a little bit, not by a lot. Bitcoin’s the only one that’s going up a lot. So that tells you empirically that this is not a generalized loss of confidence in the dollar or the euro and other currencies. I think that will come, but we’re not there yet.
So if that’s not the explanation, what is? One is the greater fool theory, which is, “I’ll pay $2,000 for bitcoin because I think there’s some sucker who will pay me $3,000.” And that guy says, “Well, I’ll pay $3,000 for a bitcoin because of some sucker that will pay me $4,000.” That’s called the greater fool theory.
That works until it doesn’t. There comes a time when you’re the sucker—as the old joke goes, if you’re in a poker game and you don’t know who the sucker is, you’re the sucker.
There is no evidence that there’s a general collapse in the dollar. I expect that will happen for other reasons at a different time, but not yet. Bitcoin looks like a bubble.
submitted by GalacticCannibalism to Bitcoin [link] [comments]

Is James Rickards, author of “Currency Wars” and no coiner/“Bitcoin is fraud/ponzi” now advocating to buy bitcoin?

Is James Rickards, author of “Currency Wars” and no coine“Bitcoin is fraud/ponzi” now advocating to buy bitcoin? submitted by myquidproquo to Bitcoin [link] [comments]

James Rickards thinks Bitcoin Cash is not significant in the crypto space.

James Rickards thinks Bitcoin Cash is not significant in the crypto space. submitted by Maesitos to btc [link] [comments]

Interesting article by James Rickards on how the global monetary system will be reset, why the IMF want a 'monster global currency' (SDRs) - now more convinced than ever in Bitcoin

Interesting article by James Rickards on how the global monetary system will be reset, why the IMF want a 'monster global currency' (SDRs) - now more convinced than ever in Bitcoin submitted by uk-anon to Bitcoin [link] [comments]

U.S. investment banker James Rickards says tie bitcoin to gold and avoid volatility

U.S. investment banker James Rickards says tie bitcoin to gold and avoid volatility submitted by imaowl to Bitcoin [link] [comments]

James Rickards thinks Bitcoin Cash is not significant in the crypto space.

James Rickards thinks Bitcoin Cash is not significant in the crypto space. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

James Rickards (former CIA Analyst) in ANOTHER Interview says Bitcoin is Money!

James Rickards (former CIA Analyst) in ANOTHER Interview says Bitcoin is Money! submitted by FMTY to Bitcoin [link] [comments]

Interesting article by James Rickards on how the global monetary system will be reset, why the IMF want a 'monster global currency' (SDRs) - now more convinced than ever in Bitcoin

Interesting article by James Rickards on how the global monetary system will be reset, why the IMF want a 'monster global currency' (SDRs) - now more convinced than ever in Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

James Rickards: The Fed Is Going To Cause Recession and Bitcoin /r/Bitcoin

James Rickards: The Fed Is Going To Cause Recession and Bitcoin /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

American lawyer, regular commentator on finance and best selling author James Rickards says "Bitcoin is money".

American lawyer, regular commentator on finance and best selling author James Rickards says submitted by derrend to Bitcoin [link] [comments]

American lawyer, regular commentator on finance and best selling author James Rickards says "Bitcoin is money". /r/Bitcoin

American lawyer, regular commentator on finance and best selling author James Rickards says submitted by BitcoinAllBot to BitcoinAll [link] [comments]

James Rickards (former CIA Analyst) in ANOTHER Interview says Bitcoin is Money!

James Rickards (former CIA Analyst) in ANOTHER Interview says Bitcoin is Money! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

American lawyer, regular commentator on finance and best selling author James Rickards says "Bitcoin is money". • /r/Bitcoin

American lawyer, regular commentator on finance and best selling author James Rickards says submitted by derrend to btc [link] [comments]

American lawyer, regular commentator on finance and best selling author James Rickards says "Bitcoin is money".

American lawyer, regular commentator on finance and best selling author James Rickards says submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin vs Gold Debate with -- James G. Rickards and Roman Skaskiw

Bitcoin vs Gold Debate with -- James G. Rickards and Roman Skaskiw submitted by Drop5Stacks to Bitcoin [link] [comments]

James Rickards: The monetary system will fail. Mentions Bitcoin

James Rickards: The monetary system will fail. Mentions Bitcoin submitted by zooitjezooitje to Bitcoin [link] [comments]

"The Death of Money": Q&A with James Rickards (briefly covers bitcoin in the last 2 minutes at 28:06)

submitted by mjkeating to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: James Rickards | Central Banks Will Send Gold to $10,000 or Higher /r/Anarcho_Capitalism

Bitcoin mentioned around Reddit: James Rickards | Central Banks Will Send Gold to $10,000 or Higher /Anarcho_Capitalism submitted by BitcoinAllBot to BitcoinAll [link] [comments]

James Rickard is cautious about bitcoins

James Rickard is cautious about bitcoins submitted by Methylfenidaat to Bitcoin [link] [comments]

James Rickards (former CIA Analyst) in ANOTHER Interview says Bitcoin is Money!

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

James Rickards, author of "The Death of Money" and "Currency Wars", accepting Bitcoin

James Rickards, author of submitted by moon_drone to BetterBitcoin [link] [comments]

Bitcoin vs Gold Debate with -- James G. Rickards and Roman Skaskiw

Bitcoin vs Gold Debate with -- James G. Rickards and Roman Skaskiw submitted by kmoneylongshanks to Bitcoin [link] [comments]

ECONOMIST JIM RICKARDS ON GOLD VERSUS BITCOIN - YouTube Jim Rickards  The Aftermath: Don't Only Buy Gold, Bitcoin ... Rickards: ‘Bitcoin is a Ponzi Scheme’ - YouTube James Rickards - Bitcoin'ers have blood on their hands and Goldbugs don't? Economist Jim Rickards On Gold Versus Bitcoin - YouTube

Rickards shared his bearish outlook on cryptocurrencies, particularly Bitcoin, ahead of the release of his latest book, Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos. KITCO News recently spoke with James Rickards, esteemed financial market analyst and best selling author of books including Currency Wars and The Death of Money.In the interview, Mr. Rickards expresses his view that, despite its surging price, he does not see Bitcoin becoming a ‘reserve’ currency and believes that the IRS is likely to eventually start freezing exchanges over tax evasion: Rickards noted that contrary to conventional economic thinking, now is not a bad time to own gold. “People say that gold does well in inflation, and you don’t want to have gold in deflation, and we may be looking at deflation, that may be coming, but the point I make is the greatest period of sustained deflation in U.S. history was 1927 to ... Home Bitcoin Frauds And Crimes Crash Begins! James Rickards Feb 2019 Economic Collapse Of U.S on 2019. Timeline to Dollar Collapse Crash Begins! James Rickards Feb 2019 Economic Collapse Of U.S on 2019. Rickards claims this random cryptocurrency is expected to rise 3 million percent – the same as bitcoin. That would turn a $100 investment into $2.7 million. In fact, Rickards’ is selling his email subscription with a special 1000% profits guarantee attached. Obviously, there are plenty of “hot tips” crypto newsletters available online.

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ECONOMIST JIM RICKARDS ON GOLD VERSUS BITCOIN - YouTube

Bitcoin has been in existence for all of eight years but a debate is raging in the investing community: Is the cryptocurrency actually useful beyond just bei... 07/18/19 Financial expert, investment advisor and best-selling author James Rickards is back on Modern Wall Street for another interview with Olivia Voz. He ... James Rickards on “THE FUTURE OF THE INTERNATIONAL MONETARY SYSTEM” for Icon Lecture Series 2018 - Duration: 1:24:39. ICON Lecture Series 47,471 views 1:24:39 Economist Jim Rickards On Gold Versus Bitcoin Try Amazon Prime 30-Day Free Trial: https://amzn.to/2WRSJrb Amazon Prime Music 30-day Free Trial: https://amzn.... Economist Jim Rickards On Gold Versus Bitcoin Helicopter Money Will Lead To Hyperinflation , Recession ,Market Crash, Economic Collapse 2020 This is Agenda 2...

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