Financial expert James Rickards, who was one of the few that predicted a Trump Presidential win, says the new President has battles on many fronts. The making of the next crash may be directly tied to the Fed’s balance sheet which is stubbornly above $4 trillion. Rickards contends,
“The central banks blew up their balance sheets to bail out the system in 2008, but they never normalized.”
We’ve highlighted this many times in recent Weekly Volumes. Check out the Fed’s balance sheet below:
Rickards switches gears to the political spectrum, explaining,
“It’s one thing to say there is an opposition to a President. There is always some opposition to the President. It’s a two-party system. What we see now is extreme. Trump didn’t get a honeymoon, he got a burning bed. Trump is facing four pockets of resistance. There is the Deep State, the resistance, the media and even the Republican Party as we saw in the Obamacare repeal. I am not saying they are all in this together as some deep dark conspiracy, they don’t have to be…”
Rickards goes on,
“President Obama has set up an anti-White House about two miles from the real White House. It is a government in exile, or an opposition government. He’s operating through a front company called Organizing for Action (OFA). He’s not organizing for America, he’s organizing for action. This is the continuation of the 2008 and 2012 Obama campaign…”
And that,
“Trump is not up against normal political opposition. He’s up against the resistance and the Deep State… They want one of two things. They want to impeach Trump and remove him from office, force him to resign or, at a minimum, make him so ineffective he is a place holder until the next election. They are not out to oppose the Trump Presidency, but to destroy the Trump Presidency. This is extraordinary, and I call it America’s New Civil War.”
With all the financial and political chaos on the horizon, Rickards strongly suggests “people have at least 10% of your financial wealth in physical gold and silver.” Rickards is also adamant that a financial shutdown and calamity is “coming sooner than later.”
