Brian Rose: London Real
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Jim is a former lawyer and investment banker turned economist and bestselling author. He’s also the man who predicted the biggest financial crash in American history, and I’m afraid to say his current forecast for the next twelve months isn’t optimistic.

These are no normal times, but if there’s one man who has been around his fair share of financial crises and economic upheavals, it’s Jim Rickards and he believes we’re staring in the face of yet more disorder and turmoil in the near future.

As war tragically rages on two fronts we have the prospect of a truly chaotic election race in the US that Jim has described as probably “the most important of our lifetime”. Add to that mix looming recessions in China, Japan and the US and the current financial strife affecting much of Europe, and things look pretty gloomy indeed.

Jim spent over 35 years smack bang in the beating heart of Wall Street, holding senior positions at some of the world’s largest financial service institutions including Citibank, Long-Term Capital Management, and Caxton Associates.

Some will know Jim as the man who negotiated the $4 billion rescue of LTCM sponsored by the Federal Reserve, a crisis that came within hours of shutting every major securities exchange in the world.

Others will have read his New York Times bestsellers The New Great Depression, The Road to Ruin, The Death of Money, and Currency Wars.

In his most recent book – Sold Out: How Broken Supply Chains, Surging Inflation and Political Instability Will Sink the Global Economy, Jim explores the idea that consumer frustration is only the tip of a very large, menacing iceberg that threatens global economic collapse….(read more)

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The global economy has been facing some serious challenges in recent years, with various factors contributing to a potential collapse. One of the key issues that has been plaguing the financial system is the banking crisis, which according to experts Brian Rose and James Rickards, is only just getting started.

In a recent article, Rose and Rickards highlighted the fragility of the current banking system and the potential risks that it poses to the global economy. They pointed out that a number of major banks are already facing significant challenges, with many struggling to cope with the impact of the COVID-19 pandemic and other economic pressures.

One of the key concerns raised by Rose and Rickards is the high levels of debt that many banks are currently carrying. They noted that a number of banks have been relying on cheap credit to finance their operations, leading to a dangerous accumulation of debt that could trigger a banking crisis if not managed carefully.

Another major issue highlighted by the experts is the increasing level of risk in the banking sector. They pointed out that many banks have been engaging in risky activities such as speculative trading and lending to high-risk borrowers, which could expose them to significant losses in the event of a financial downturn.

According to Rose and Rickards, the current banking crisis is just the tip of the iceberg, with the potential for a full-scale collapse of the global economy if the situation is not addressed promptly. They warned that without urgent action to address the underlying issues in the banking system, the world could be facing a major economic catastrophe in the near future.

In conclusion, the banking crisis is a serious threat to the global economy, with the potential to trigger a full-scale collapse if not managed properly. Experts like Brian Rose and James Rickards have highlighted the risks posed by the current situation and called for urgent action to address the underlying issues in the banking sector. It is crucial that policymakers and financial institutions take decisive steps to strengthen the banking system and prevent a potentially catastrophic economic meltdown.