PG View: In this revealing Squawk Box interview with Jim Rickards, director of market intelligence for Omnis, he drops a number of stunning bombs regarding the G20, SDRs and the likely fate of the dollar.

Rickards suggests that the recent op-ed piece in The Wall Street Journal by Fed Board of Governors member Kevin M. Warsh was a subtle indication that the Fed would like to take the dollar significantly lower to address our mounting debt.

Rickards cites that the US now has about $60 trillion in liabilities and says that there is “no feasible combination of growth and taxes” that can fund obligations of that magnitude. However, if you devalue the dollar by half over the next 14-years, this debt load becomes manageable.

The question becomes: Can the Fed manage a gradual devaluation of the dollar (3.5% to 4.0% inflation per year) to accomplish their suspected goals without triggering massive front-running, which could tank the greenback, destroy the Fed’s and the dollar’s credibility and cause massive inflation?

Only time will tell, but if accurate, a 14-year devaluation of the dollar amounts to at least another 14-years for the bull market in gold.

Toward the end of the interview Joe Kernen says, “You just made a heck of case for buying gold right at $1,000…”

Rickards responds, “I think gold is a double. A lot of liquidity. A lot of safety. And limited downside.”