Rickards graduated from John Hopkins University in 1973 with a B.A.degree with honors and in 1974 and from the Paul H. Nitze School of Advanced International Studies in Washington, D.C. with an M.A. in international economics. He received his law degree from the University of Pennsylvania Law School and an LLM in taxation from New York University School of Law.
Rickards worked on Wall Street for 35 years. Rickards was the senior managing director for market intelligence at Omnis, Inc., a consulting firm. On March 24, 2009, Rickards presented his view at a symposium at Johns Hopkins, that the U.S. dollar was facing imminent hyperinflation and was vulnerable to attack from foreign governments through the accumulation of gold and the establishment of a new global currency.
According to Rickards, the CIA's Financial Threat and Asymmetric Warfare Advisor, they are taking emergency measures now before a historic economic meltdown strikes - one he, and many of his colleagues at the U.S. Intelligence Community, fear is unavoidable. In one interview Rickards warned, "The signals we've been tracking are quite clear, a 70% stock market crash is imminent."
"Think of the market down 70%. If Buffett has that $55 billion in stocks, he loses $38 billion," he explained.
Rickards, a three-decade veteran of Wall Street's biggest hedge funds and investment banks, knows billionaires like Warren Buffett are well-connected to both the financial markets and U.S. government. Commenting on his work as a CIA Agent, Rickards continued, "So it's logical they'd have the luxury of receiving an advanced warning of a coming catastrophe similar to what his work with the CIA is forecasting.
Comment: In other words this economic collapse has been planned for.
Every business in the world whose back is to the wall, they're distressed, they go to Buffett asking for a bailout," Rickards explained. He continued, "Think of the information he has. He sees everything. I think mega investor Buffett is seeing the same things my colleagues and I are."
During this discussion, Rickards shared a series of dangerous economic patterns that have recently appeared that he and those in the highest ranks of the intelligence community have been tracking. What they reveal is an economy that has reached what he refers to as a "super critical state." Rickards added,
"Everybody knows we have a dangerous level of debt. That's no secret," he said. "But all signs are now flashing bright red that our chickens are about to come home to roost."Rickards focused on five "flashpoints" the Intelligence Community is closely monitoring that they believe will soon ignite this collapse. "This nearly instantaneous 70% stock market crash is just Phase 1. From the outside, nobody will see it coming," Rickards explained adding, "Once it becomes clear that it's not a flash crash - it's a systemic meltdown in the economy itself, that's when the gravity of the situation will sink in. And there will be no digging out from it."
He went on to explain how a $100 trillion meltdown would quickly unfold in the aftermath. Then he used five words to describe what this was all leading to for America and her population, "A 25-year Great Depression," Rickards warned.
Wave of Warnings
Rickards warnings are a part of a growing wave that have begun to appear from areas of the US government who are not historically known for making their findings public. Recently, a top secret report containing the consensus view of all 16 branches of the U.S. Intelligence Committee surfaced.
These agencies, which include Rickards' CIA, as well as the FBI, Army, and Navy, have already begun to jointly estimate the impact of, as the report stated, "the fall of the dollar as the global reserve currency." The CIA's Rickards went on to add, "And our reign as the leading superpower being annihilated in a way equivalent to the end of the British Empire in the post-World War II period." The nightmarish endgame presented in this report involved worldwide economic breakdown and an extended period of global chaos.
Comment: Again showing this economic collapse has been planned for.
"Look at it this way," Rickards stated near the end of the interview. "Americans are standing at the bottom of a very tall mountain - Mt. Everest, Mt. Kilimanjaro... they look up and see an avalanche barreling down. "Determining the one snowflake that started this chaos shouldn't be our focus. Recognizing the severity of the situation and moving to safety should be".
Comment: Notice how he deflects from anyone looking at who is responsible and why the problem will manifest. Just be afraid and run for the hills; the government might not be there to help you.
Buffett, Soros, and Rogers may be prepared for anything, but few individual investors are. That's why Rickards is now urging Americans to ask themselves a simple question. "What if we're right?"
Comment: The comment "What if we're right?" serves as a fear trigger to make you very worried about your future.
Contacted in Donetsk about Rickards findings, former CIA Agent David "Dave" Simpson added, "How this affects Donbass is America needs a war to deal with 20 plus Trillion Dollars in debt. We see moves that indicate Ukraine may attack here and in Crimea with Turkey's assistance.
"NATO is already making moves to cut Turkey loose on it's own in these operations," Simpson continued, "An attack with a robust response from Russia in retaliation upon both Ukraine and Turkey gives the Americans what they desire most, a cold war replay that justifies massive defense spending, without the US actually having to go to war. It becomes a win-win for Russia and the USA avoiding a nuclear confrontation, with the Turks and Ukrainians paying the real costs of America's next bailout."
Seems the costs of American foreign aid in this era of high finance can truly be expensive in ways only intelligence professionals can anticipate.
Comment: What he says above "...only intelligence professionals can anticipate" only goes to show that they think everyday people have no control over the current situation.
DONi News Agency, David "Dave" Simpson, former CIA agent
Sources:
Rickard guy should be worried no to be identified as snowflake....