Jim Rickards: Steal the gold, pay the rich

Jim Rickards - Twitter, Released on 3/12/23

$25 billion of the bailout plan announced tonight is from Treasury's Exchange Stabilization Fund. Anyone know where that money came from? It's the insider trading profit FDR made in 1933 when he confiscated gold at $20/oz and repriced it to $35/oz. Steal the gold, pay the rich. pic.twitter.com/jjrebDlsru

- Jim Rickards (@JamesGRickards) March 13, 2023

Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.

Jim Rickards: Steal the gold, pay the rich added by Herman James on 03/13/2023View all posts by Herman James ?+'