Jim Rickards and John Mauldin discuss the looming debt crisis and fiscal cliff.

  • JK: No coincidence that after we got rid of Glass-Steagall in 1999, we had a crash not long after.
  • JK: We won’t get back to healthy banking system because the banks own congress.
  • JK: China will make its version of a QE move shortly.
  • JM: We are coming to end of debt supercycle and countries will soon be running out of money
  • JK: 5% inflation for 14 years is the easiest way out.