By Daniela Cambone of Kitco News
(Kitco News) – Not only is the U.S. economy at risk, it is currently in several financial wars says author James Rickards in his new book, The Death of Money.
“The U.S. has been in a financial war, for instance, with Iran from 2011-2013. Now, it’s cooled off a little bit lately … [but] for 2 years before that, we had actually kicked Iran out of the dollar payment system, which the U.S. controls through the Federal Reserve,” said Rickards in an interview with Kitco News.
Rickards sums up his new book, which will be released in Canada and the U.S. on April 8 as both a prequel and a sequel to his bestseller, Currency Wars.
Jim Rickard’s new book goes on sale April 8 in Canada and the U.S.
One interesting topic in his new book, Rickards touches on his involvement with national security and capital markets after 9/11.
“There was insider trading ahead of 9/11, that’s very well documented in the book, but it was not some U.S. government conspiracy. What it was – was associates of the terrorists, and that makes sense. People in the social network of the terrorists, who knew about this, and they started doing some small trading.”
Rickards explains that the CIA took a look at this and said “‘Gee, if that’s true what if there were another terrorist attack of this spectacular nature, would the insider trading happen again? Could you identify it? Could you trace it back to the source and could you stop the attack before it happened?’“