The Looming Economic Collapse (Day 1)
Financial Expert James Rickards, along with writer of "The Economic Collapse Blog" Michael Snyder, join us for the 2016 Prophetic Conference. Together they share shocking insight on our fragile economy and assert that a collapse is on the way. Day 1. Episode 2963
Jim Bakker Show | Show# 2963 | Aired on March 31st 2016
A Morningside Studios Production America's Spiritual Health, Being Prepared, Economic Decline, Food Shortage, Repentance, Spiritual Warfare, Terrorism, The Love of Money, Tribulation, Israel, Restoration, God's Warning Signs, ISIS, Economic Collapse, Iran
Financial Expert James Rickards, along with writer of "The Economic Collapse Blog" Michael Snyder, join us for the 2016 Prophetic Conference. Together they share shocking insight on our fragile economy and assert that a collapse is on the way. Day 1. Episode 2963
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
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