James Rickards is an American lawyer, economist, investment banker, speaker, media commentator, and author on matters of finance and precious metals. He is the author of seven books including his latest, ‘Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.’
#money #crypto #interview
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Stand-up comedians Konstantin Kisin (@konstantinkisin) and Francis Foster (@francisjfoster) make sense of politics, economics, free speech, AI, drug policy and WW3 with the help of presidential advisors, renowned economists, award-winning journalists, controversial writers, leading scientists and notorious comedians.
00:00 Intro
01:36 Inflation is Here! What Now?
08:26 Debt in The United States
16:24 Modern Monetary Theory
26:37 The Need for Diversification
31:30 Payment Currency & Reserve Currency
32:44 Bitcoin & Digital Currency
41:17 Sponsor Message: easyDNS
42:30 Is the Climate Crisis Real?
48:22 The Impact of Globalisation
52:46 What Do the Global Elite Want?
57:35 Central Bank Digital Currencies
1:01:53 What Can The Average Person Do About CBDC?
1:03:13 Was The Pandemic Used to Get Rid of Cash?
1:05:40 What’s the One Thing We’re Not Talking About?…(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Jim Rickards: Recession is Coming
In recent years, the global economy has been plagued by instability and uncertainty. Many experts fear that a recession is on the horizon, and Jim Rickards, a renowned economist and financial commentator, is one of them. With his extensive knowledge and experience, Rickards has been warning about an impending recession, citing various factors that contribute to his belief.
One of the main reasons Rickards predicts a recession is the unsustainable level of global debt. Over the past decade, both governments and individuals have accumulated substantial amounts of debt, reaching unprecedented levels. Rickards argues that this mountain of debt could eventually become unmanageable and lead to a severe economic downturn.
Moreover, Rickards points to the inherent fragility of the financial system as another factor contributing to the imminent recession. He argues that financial markets are more interconnected than ever before, which increases the likelihood of a domino effect. A crisis in one sector can quickly spread to others, ultimately jeopardizing the stability of the entire system.
Additionally, Rickards notes that central banks have exhausted their traditional tools to stimulate the economy. Following the 2008 financial crisis, central banks around the world resorted to unprecedented measures such as low interest rates and quantitative easing. While these measures temporarily propped up the economy, they also created new bubbles and imbalances that have yet to be resolved. With interest rates already at historically low levels, central banks have limited room to maneuver if another crisis hits.
Furthermore, Rickards emphasizes the impact of geopolitical tensions on the global economy. Ongoing trade disputes between major economies, such as the United States and China, have already had adverse effects on global trade. These tensions have the potential to escalate further and disrupt supply chains, leading to economic contraction.
Despite these bleak predictions, Rickards also offers some insights on how to prepare for the coming recession. He advocates for diversification of investments, including holding physical assets like gold, real estate, and strategic commodities. Rickards believes that these assets provide stability and act as a hedge against the potential loss of value in financial markets.
While some may dismiss Rickards’ warnings as overly pessimistic, his track record demonstrates his ability to accurately predict major financial events. Prior to the 2008 financial crisis and the European debt crisis, for instance, Rickards had already sounded the alarm. Therefore, his opinions and analysis carry weight among investors and economists alike.
In conclusion, Jim Rickards firmly believes that a recession is imminent due to the unprecedented level of global debt, the fragility of the financial system, the limitations of central banks, and ongoing geopolitical tensions. While his predictions may not align with more optimistic economic forecasts, it is essential to take his insights seriously and consider taking precautionary measures to protect one’s financial interests in the face of potential economic turmoil.
Stop giving this shill air time. Just Google for his investment products, he’s lost so many innocent people so much money. Doesn’t give me much hope for humanity when I see the people on the comments lapping it up.
Google: “Rickards StockGumShoe” and click any of the results to see what I mean
The idea that modern-day politicians and technocrats could have a policy that was needed at the time and change or abandon it when it wasn´t is beyond comprehension.
The most frightening aspect of all that is happening in the Western world is the fact that the vast majority are paying no attention to any of it. If they ever do, it will only be when it is too late and I fear we´ve passed that point already.
I'm really surprised there isn't a label applied to this video.
Excellent interview. Thank you..
For a 'pragmatist' Keynes did a lot of wishful thinking
Hydro cremation, also known as alkaline hydrolysis or water cremation, differs from the commonly known process of cremation. While the end products are similar to each other, the difference is in the process. One uses fire, the other uses water.
Bernays hired women to march while smoking their "torches of freedom" in the Easter Sunday Parade of 31 March 1929, which was a significant moment for fighting social barriers for women smokers. The 1929 "Torches of Freedom" public relations campaign equated smoking in public with female emancipation.
Torches of freedom
Funny he speaks about weaponising the dollar and how it will push people away eventually… Cut to the rise of BRICS.
Constantine "let's move on from the climate change" as I have someone in my ear screaming get off that topic Jim's going to far against the narrative, these guys are fully controlled!!
je does not understand bitcoin tho
57:41: That's what so many people get wrong: the dollar, euro etc in your bankaccount is NOT digital currency but just a number in a database. When you buy something the transaction ammount gets deducted from the number representing your current account and added to someone elses. A true digital currency like the CBDC theyre now working on is a programmable digital file which allows from total control. Programmable in the sense that a central government could decide what you are allowed to spend your money on. Connect the dots and to the other totalitarian measures theyre working on (digital ID, CO2 budget, vaccination passport, ending anonymous internet, 5G, 15 min cities, cashless society etc) and you have a dystopian hell…
Stagflation n.simultaneous appearance in an economy of slow growth, high unemployment, and rising prices.
Can gold be kept as jewellery?
Love your show men
Jim Rickards always makes you think. Really smart guy, really switched-on.
One of the most brilliant people you have hosted. Thank you for letting me hear what he had to say. I'll do a lot more reading on him
Jim: "They're going to control you via CBDCs",
Also Jim: "I don't like Bitcoin."
Would be nice if he actually explained what the problem he has with crypto is rather than wank off about some tradfi bank collapse no one cares about.
how does this bloke keep all that in his head?
I am not saying Friedrich Hayek, nobel-prize winning economist and personal friend of Keynes, was right, but he does raise some points of concern: https://www.youtube.com/watch?v=y8l47ilD0II
This dude aged insanely within the past 5 years
this has got to be one of the most information-dense podcasts i've ever listened to.
A great session with Jim Rickards! Bring him back…there's more to appreciate.
Brilliant video and what he says is true. Many people in the USA are buying gold and silver, because they have lost faith in the dollar. There are some fun videos to watch from stackers.
He is 100% correct on the climate. So funny how you pivoted away so fast. ROFL.
What I fail to understand, and maybe someone here knows, but if a country like the US has a debt, who is providing that money? Is that mainly the Federal Reserve (not part of the government)? And so, if it is the fed or maybe other countries banks or something, what enforcement mechanisms do they have to commandeer back that money? 1. It simply cannot be paid of quickly, there just isn't the cash. 2. The government of a country has the monopoly on violence (control of the army and police). So what if a country just says: Good luck getting your money back… here are my F-16 jets and bombs.
Very interesting
The willingness of the majority of the civilian populations in the West being so gullible, ignorant, apathetic, cowardly, complacent, and weak that they accept these things with a shrug means that they deserve the enslavement and the suffering that's coming. Every f'ing second of it. It just depresses me that those of us who have been trying to fight it for years now will have to go down with them.
The MSM will control the masses (including very intelligent uni graduates). Most of the people who watch this think a bit out of the box. Hopefully we will ride the storm.
Good chat, except can we get rid of the 2 gits on the left, other than that
Hmmm. Who should I believe about climate change: tens of thousands of scientists and hundreds of research institutions all over the world with decades of peer reviewed data sets and evidence? Or a multi-millionaire investment banker who dismisses it and writes about cypto and conspiracy theories about one world government. SUCH a tough decision.
Isn't this the chap that predicts complete financial collapse every Thursday at 9:03am local time unless you buy whatever he's peddling?
82K views in 3 weeks. Yikes…
Thanks!
Its V for Vendetta
It is written that God said that gold is good.
He totally missed THE most important of all climate cycles, the Milankovitch cycle, 120,000-125,000 years of mostly glaciation, with short interglacial periods.
Anyone notice how on some weather apps / sites they are starting to put 'feels like' as a temperature and then they always add heat. And even the real temperature they seem to like put up to 35 / 37 Celsius and everyone should be pouring from sweat at the bus stops and no one is??
Amazing guest!! exposing the climate agenda shame you shut him down that's how this narrative is continuing
This is easily one of the best interviews I’ve seen on your channel.