With news breaking in the last 24 hours that there is now a coordinated effort to print money globally, I thought it appropriate to mention one of the most outspoken economists who has helped me to understand how this must play out. To understand what is now transpiring in the global financial markets, you must turn to one of the key players who has elucidated in great detail this exact phenomenon – in advance.
His name is Jim Rickards, and in 2011 he wrote the book Currency Wars which predicts a de-facto return to the Gold standard due simply to his conclusion that all paper money will be printed into worthlessness. Jim is clear that this will happen whether we like it or not; it will either be a conscious transition or a chaotic collapse.
Jim is extremely well versed on the technical aspects of this, but is still able to eloquently explain the mechanics so those of us who aren’t academics can understand. A cursory review of his Wikipedia page should interest anyone who is seeking technical 
reasons as to why the central banks of the world are now acting in such a globally coordinated way to lower interest rates despite already being at historic lows.
In 1981, Rickards was involved in the Iran hostage crisis.[4] As general counsel for the hedge fund Long-Term Capital Management (LTCM),[5][6] he was the principal negotiator in the 1998 bailout of LTCM[7] by the Federal Reserve Bank of New York.
Rickards worked on Wall Street for 35 years.[8] In 2001, he began using his financial expertise to aid the U.S. national security community and the U.S. Department of Defense.[9] From 2002 to 2006, he advised clients of an impending financial collapse, of a decline in the dollar and of a sharp rise in the price of gold, years before any of these events took place.[10]
Rickards is now the senior managing director for market intelligence at Omnis, Inc.,[7] a consulting firm.[3] On March 24, 2009, Rickards presented his view at a symposium at Johns Hopkins, that the U.S. dollar is vulnerable to attack from foreign governments through accumulation of gold and establishment of a new global currency.[11] The same week, Zhou Xiaochuan, governor of the People’s Bank of China, called for a new currency to be introduced and operated by the International Monetary Fund to replace the dollar as the basic unit of international commerce.[11]
On September 10, 2009, Rickards testified before the U.S. House of Representatives about the risks of financial modeling, VaR, and the 2008 financial crisis.[12]
On January 29, 2012, on Bob Brinker‘s radio program, Rickards stated his belief that the U.S. has been in a depression since 2007. He backed this assertion by pointing out the existence of a major component of previously seen U.S. depressions, the prolonged high rate of unemployment.
The Golden Rule 