Jim Rickards: An International Emergency More Severe Than a Recession is Being Created!

by | Apr 25, 2023 | Rollover IRA | 1 comment

Jim Rickards: An International Emergency More Severe Than a Recession is Being Created!




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Renowned economist and best-selling author Jim Rickards has recently issued a warning about an imminent international crisis, which he describes as being much more serious than a recession. The crisis that Rickards is referring to is a global monetary collapse, which he argues is being forged by factors such as trade wars, currency wars, and geopolitical tensions.

According to Rickards, there are several major trends and events that are contributing to this crisis. One of the most significant of these is the ongoing trade dispute between the United States and China. This conflict has resulted in a sharp decline in global trade, as well as significant disruptions to supply chains and investment flows.

In addition to the trade war, Rickards points to several other factors that are contributing to the crisis. These include the rise of nationalism and populism in many countries, a growing sense of political instability, and the increasing use of economic sanctions as a tool of foreign policy.

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Perhaps most worrying of all, Rickards argues that central banks around the world are now engaged in a “race to the bottom” in terms of interest rates and currency devaluation. This, he argues, is essentially a form of global currency war, as countries compete to gain an advantage in the international market.

Taken together, these trends and events paint a grim picture of the global economy. According to Rickards, the world is now divided into two major economic blocs: the US and its allies, and China and its partners. This, he argues, is a recipe for economic disaster, as each side pursues its own interests at the expense of the other.

So what can be done to avert this crisis? According to Rickards, the key is for countries to adopt a more cooperative and collaborative approach to economic policy. This would involve a greater focus on multilateralism and international institutions, as well as a recognition of the importance of global economic interdependence.

Unfortunately, however, there are few signs that this is likely to happen anytime soon. The current political climate is highly polarized and nationalistic, with many countries pursuing their own agendas at the expense of others. Given these realities, it seems likely that the global economic crisis that Jim Rickards warns of will continue to unfold in the coming years.

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1 Comment

  1. swlc555

    I can't understand what he's saying. The music is way too loud.

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