A Conversation with James Rickards

 

 

 

 

 

 

 

https://www.youtube.com/watch?v=vj61kao8dYI&feature=youtu.be

 

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We certainly live in an interesting time in human history. In both a financial and a social sense, we live in a world in transition, where crisis and turmoil is more common than stability. Although none of us can say exactly what will happen in the future, I think most would agree that change is on the horizon.

In my opinion, the steps we take to prepare for this change will be paramount to how successful we are at preserving our wealth. Given the rise of technology, more specifically crypto currencies, more and more options are arising and challenging the status quo of paper dollars as a means for holding wealth.

However, as much as I like crypto and its upside potential, I’m still drawn to gold, the longest lasting form of money in human history.

In my conversation with James Rickards, we covered a number of topics, but in my mind, the most important included his thoughts on crypto and what our monetary futures will look like.    A great quote from his book, The Road to Ruin,

“They wait for an exogenous shock, a natural disaster or financial crisis, then use fear created by shock to advance their vision. New policy is presented to mitigate the fear.”

When the inevitable change occurs, new policy awaits us, and I think you have to ask yourself, ‘will I be ready?’

 

Before we get to the interview, here’s a quick introduction to James Rickards:

James Rickards is the Editor of Strategic Intelligence, a financial newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics and global capital. He is the author of three New York Times best sellers, The Road to Ruin (2016), The Death of Money (2014), and Currency Wars (2011), as well as the national best seller, The New Case for Gold (2016), all from Penguin Random House. He is an Op-Ed contributor to a number of newspapers, including the Financial Times, New York Times, and Washington Post, and has been interviewed on BBC, CNN, CNBC, Bloomberg, Fox, and The Wall Street Journal.

Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, Georgetown University, The Kellogg School at Northwestern, and the School of Advanced International Studies. He is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board for the Center on Sanctions & Illicit Finance in Washington DC.

And, finally, on a personal note, Mr. Rickards is one of my favourite people to read and listen to when it comes to global financial commentary.

 

Without further ado, a conversation with James Rickards.

Enjoy!

 

As mentioned in the interview:

Meraglim –  Predictive Data Analytics

Also, my reviews of The Road to Ruin and The New Case for Gold