Jim Rickards’ Prediction of Dire Economic Collapse has 8 Days Left Before it Expires
Last month, Peregrin Wood noted the many predictions of “economic expert” Jim Rickards that had gone wrong in the past:
“He’s addicted to predicting imminent doom. He’s quoted in an article from October 2014 as predicting that another ‘Great Recession’ is ‘about to strike.’ In September 2013, however, he told a crowd of potential investors in Washington D.C. that the United States would suffer a recession in 2014. He put the chances of the financial crisis in 2014 at ‘100 percent’ – but it didn’t happen. In 2012, Rickards told his followers that the United States was in a recession, though it wasn’t, and that the recession would end in 2014.”
Labeling himself an “authority on U.S. economics,” Jim Rickards posted a video on August 27, 2014 declaring that “economic collapse could begin within the next six months.” Those six months expire in just 8 days, on February 27, 2015.
How’s the economy been doing over the last six months? The Dow Jones Industrial Average:
The unemployment rate:
A lot will have to happen in the next 8 days to precipitate that economic collapse.
The other possibility is that Jim Rickards is full of baloney.
Wait and see.