'It's Worse Than You Think' - Major Risk of Recession as Inflation Will Tumble Down: Jim Rickards

'It's Worse Than You Think' - Major Risk of Recession as Inflation Will Tumble Down: Jim Rickards

Dec. 12, 2022

Stansberry Research

THE CURRENCY WAR & THE GREAT WEALTH TRANSFER

"The new supply chain, what I call supply chain 2.0, will look very different than the old supply chain," asserts NYT bestselling author Jim Rickards.

"The U.S. and China will be running two different clubs," in this new supply chain environment and decoupling from each other, he tells Daniela Cambone in this edition of Powershift: Outlook 2023.

"We are at peak inflation, inflation is going away very quickly, and the Fed's moves are working," Rickards continues.

"The markets are not ready for the sharp decline in inflation to come, and that inflation is coming from the supply side," he says.

"A global liquidity crisis and a recession are very different, and sometimes they come together like 2008... we may be looking at a scenario like that," Rickards states.

He is very critical of the crypto space predicting, "there's nothing there with crypto, and it's all imploding." "Eventually they will all go to zero, in stages," Rickards concludes.

00:00 What is Jim's book "Sold Out" about?
4:13 What's different about the new supply chain system?
7:20 Supply chain 2.0
9:26 Semiconductor industry and the international trade competitors
10:47 Where are we now in the face of inflation?
15:32 The Fed's printing game
16:00 Global liquidity recession
20:10 Will crypto still be around?
22:59 Jim's thoughts on central banks' record-high gold purchase
25:00 What are central banks preparing for?
25:52 The meaning of reserve currencies
26:47 What does China want to do with the amount of gold it holds?

Original: https://youtu.be/r4OVJ6z1AuA

#USDollarCollapse #Inflation #BitCoin #XRP #Crypto #GreatReset

=

Join Daniela Cambone's exclusive community: https://danielacambone.com

Find the best opportunities in cryptocurrencies! Get access to Crypto Capital today! https://stansberryinvestor.com/research/research-products/crt

Get the premier research covering the gold sector: https://stansberryinvestor.com/research/research-products/gsap

Get the same kind of tools used by the world's elite investors:
https://stansberryinvestor.com

Get the same kind of tools used by the world's elite investors today!
https://stansberryinvestor.com/join3/index.html

Follow us on Twitter: https://twitter.com/stansberry
Follow us on Instagram: @stansberry_research
Follow us on LinkedIn: https://www.linkedin.com/company/stansberry-research/