A financial catastrophe worse than that of 2008 will hit us within five years, says James

Rickards, best-selling author and senior managing director at Tangent Capital Partners.

"The meltdown in 2008 was not a meltdown. It was sort of a half-meltdown," he told
Dennis Kneale of Newsmax TV in an exclusive interview.

While Lehman Brothers was the only major financial institution to completely collapse,
others were close to it, said Rickards, author of "The Death of Money: The Coming
Collapse of the International Monetary System."