G22, Special Drawing Rights, Future of the Dollar: Jim Rickards, director of market intelligence for scientific consulting firm Omnis, shares his outlook for the dollar.
Important quote:
“The problem is, when you own gold you’re fighting every central bank in the world. Central banks hate gold because it limits their ability to print money.”
Interesting take on the need for inflation for the US debt mountain and the risk for hyperinflation as well as the role of the IMF Special Drawing Rights discussed during the G22 meeting.
