Jim Rickards: Put on Your Crash Helmets - New Banking Meltdown Could Snowball into Global Crisis

Jim Rickards, the acclaimed author of Currency Wars: The Making of the Next Global Crises, warns that the utilization of the $300 billion Russian assets will “destroy the U.S. Treasury market.“ In a conversation with Daniela Cambone, Rickards delves into the intricacies of the correlation between the unemployment rate and inflation, as depicted by the Phillips curve, cautioning that this relationship can be misleading. He emphasizes that “employment is a lagging indicator“ because employers strive to avoid layoffs until desperation sets in. According to Rickards, the challenge is that by the time unemployment rises, indicating an impending recession, rate cuts may be too late. On the waning dominance of the U.S. dollar and the rising influence of BRICS, Rickards suggests that the dollar can handle the “dirty work,“ allowing the new BRICS currency to enjoy a “free ride on the dollar.“ In conclusion, Rickards anticipates a positive trend for gold in 2024. For more insights from Rickards, watch the video. 📰 JOIN DANIELA’S NEWSLETTER: 📞 ECONOMIC STRATEGY SESSION Prepare for 2024’s economic challenges, as discussed by Jim Rickards on the Daniela Cambone show. Discover how Gold, Silver, and strategic planning can protect and grow your wealth in uncertain times. Schedule your consultation: or call 866-706-9061. 📖 FREE DOWNLOAD: YOUR ULTIMATE DECISION-MAKING GUIDE ON GOLD AND SILVER Discover proven strategies for acquiring precious metals with our free guide. Learn to navigate quality, pricing, and authenticity for optimal privacy and performance, and see how experts can help craft a plan suited to your objectives. Download now: 📖 CHAPTERS: 00:00 Recession and soft landing 4:00 Economic situation 5:47 Fed and political 10:44 Political election 17:42 U.S. dollar/Russian 24:41 BRICS 31:47 Banking crisis 34:22 Bitcoin 36:57 Gold 👋 STAY IN TOUCH WITH ITM & DANIELA 🟩 Schedule a Strategy Session: 866-706-9061 🟩 Email us at services@ 🟩 Official Homepage 🟩 Listen On The Go: 🟩 ITM’s Twitter: 🟩Daniela’s Twitter: 🟩Daniela’s Newsletter: 🌎 ABOUT ITM TRADING: For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets. ITM Trading Inc. © Copyright, 1995 - 2024 All Rights Reserved. #economy #election #JimRickards