Jim Puplava talks with Jim Rickards this week on the Currency Wars End Game - Inflation and its implications for the US Dollar, Gold and Oil. Jim sees that deflationary and Inflationary forces are compensating each other at the moment. FED very badly wants Inflation and printing money. Inflation is not coming yet and so they are printing more, but once Inflation comes it will run away again like in 70s. Gold and Oil will go much higher in this case.
Another very important trend is the accumulation of Gold by BRICS countries and, particularly, by Russia and China. Jim mentions that they are preparing to the end of US Dollar as the reserve currency. As Pail Volcker has put almost 50 years ago: "If people have confidence in US Dollar, nothing can destroy it. If they have lost this confidence, nothing can save it."