James Rickards is the author of the national bestseller, Currency Wars: The Making of the Next Global Crisis and a Partner in JAC Capital Advisors, a hedge fund based in New York. He is a counselor and investment advisor and has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He has been interviewed in The Wall Street Journal and has appeared on CNBC, Bloomberg, Fox, CNN, BBC and NPR and is an Op-Ed contributor to the Financial Times, New York Times and Washington Post. Mr. Rickards is a visiting lecturer at Northwestern and the School of Advanced International Studies, has delivered papers on risk at Singularity University, the Applied Physics Laboratory and the Los Alamos National Laboratory and has written numerous articles on risk management. He is an advisor on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in economics from SAIS and a B.A. from Johns Hopkins….(read more)

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Jim Rickards, a well-known economist and financial expert, recently gave a full interview in which he discussed troubling signs from the Federal Reserve. In this interview, Rickards voiced his concerns about the actions of the Fed and the potential implications for the US economy.

One of the main points that Rickards highlighted was the Fed’s ongoing policy of quantitative easing. He argued that the Fed’s injection of trillions of dollars into the economy through bond purchases has artificially inflated asset prices and created a bubble in the stock market. Rickards warned that this bubble is unsustainable and could lead to a major market crash in the near future.

Rickards also expressed concerns about the Fed’s low interest rate policy. He explained that by keeping interest rates near zero for an extended period of time, the Fed is distorting the natural functioning of the economy and encouraging excessive risk-taking by investors. This, in turn, could lead to another financial crisis similar to the one experienced in 2008.

In addition, Rickards criticized the Fed for its lack of transparency and accountability. He argued that the central bank operates in secrecy and makes decisions behind closed doors, without input from the American people. This lack of transparency, according to Rickards, undermines the Fed’s credibility and erodes trust in the banking system.

Overall, Rickards’ interview painted a bleak picture of the US economy under the current policies of the Federal Reserve. He warned that unless significant changes are made, the country could be headed for a period of economic turmoil and instability. Rickards urged policymakers to take action to address these troubling signs before it’s too late.

In conclusion, Jim Rickards’ interview about the Fed’s troubling signs serves as a stark warning to investors and policymakers alike. It is clear that there are significant risks facing the US economy due to the actions of the central bank. It remains to be seen whether these concerns will be addressed in time to prevent a potential crisis.