Tag Archives: jim rickards

Of all the reforms that President-elect Trump has in store, an increase in fiscal spending will be the easiest one to achieve. See why this CIO says Trump’s fiscal reform could be good for gold in this week’s News to Know.

When you start digging into the forces behind the last major financial crisis of 2008, it becomes abundantly clear that global banks and their risky policies had a heavy hand in draining billions of dollars from Americans’ pockets. More specifically, the problem arose because these mega banks worked the system to avoid keeping an appropriate amount of reserve capital to cover their investments – essentially refusing to maintain a safety net to keep them from failing if their investments went south. Here’s why it looks like they’re getting ready to do it all over again.