Jim Rickards Interview - Basel III Won't Prevent Bank Crisis

Basel III increased risk weighting good, but reserves are offset by risk weightings - Sovereign debt still gets zero risk weightings, biasing capital towards funding governments - Capital requirements will take 8 years to phase in; crisis likely within 2 years - Derivatives risk is in gross position, not net - Next round of crisis will force losses by creditors - Central Bank Gold Agreement has broken down.