Confidence in Fed is fragile; are we doomed for a crisis? Jim Rickards weighs in

The direction the Federal Reserve is taking today with their monetary policy does not inspire confidence and erodes the value of money, said best-selling author James Rickards.
“You can have a fiat money standard if people have confidence. There are a couple of ways to destroy confidence. One, too much debt, and the other one is inflation. Inflation is not much of a problem right now but too much debt is, because it points to inflation as a way out,” Rickards told Kitco News. (show less)

The direction the Federal Reserve is taking today with their monetary policy does not inspire confidence and erodes the value of money, said best-selling author James Rickards.
“You can have a fiat money standard if people have confidence. There are a couple of ways to destroy confidence. One, too much debt, and the other one is inflation. Inflation is not much of a problem right now but too much debt is, because it points to inflation as a way out,” Rickards ... (read more)

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Kitco NEWS
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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