Jim and Lori Bakker discuss the current economic state of the world with James Rickards and Michael Snyder.

Quotes

Well again I go back to gold, but just 10%.  I want to be clear about that because people say, “Jim Rickard’s says, ‘Sell everything and buy gold’”.  I have never said that, I don’t recommend going all in any asset.  Gold for 10%, land, houses, silver, fine art, and there are some fine art funds out there.  Have some cash. -James Rickards

First of all, that is true, so-called stock buybacks, where a corporation takes its cash and goes to the market and buys its own stock to get the price up. That has been going on to an unprecedented level. -James Rickards

Well Pastor, if you think zero is bad, how about negative? In a lot of the parts of the world, not yet in the United States, but in Switzerland, Japan, Europe, Sweden, and elsewhere, they have negative interest rates. That means you put your money in the bank, you come back a year later, and there’s less money, they took the money away. -James Rickards

Headlines

Islamic State claims responsibility for the Brussels attacks :Washington Post

China is on a massive gold buying spree :CNN

Foreign governments dump U.S. debt at record rate :CNN

Warnings Of 25 To 50 US Cities In Possible Danger Of Series Of Coordinated ISIS Attacks On Upcoming ‘Day Of Wrath’ In America :All News Pipeline