Highly Recommended Watch: A Global Liquidity Crisis with Massive Food Shortages Is Coming Warns Jim Rickards
(youtube.com)
In part one of Jim Rickards' discussion with our Daniela Cambone, the NYT best-selling author said "the coexistence of economic sanctions and kinetic warfare is nothing new." The rising tensions between the United States and Russia did not brew overnight, Rickards continues. Ukraine should be a "buffer state and should be neutral," Rickards says, emphasizing that economic sanctions not only punish Russian citizens, but also punish American citizens. Rickards implies that there will be massive food shortages as Russia occupies Ukraine, saying, "the impact is already here, and it's going to get a lot worse." The Chinese yuan and Russian ruble will not replace the dollar as the world reserve currency, he concludes.
Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com
➡️ Follow us on Facebook: https://www.facebook.com/StansberryRe...
➡️ Follow us on Twitter: https://twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_...
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stan...
0:00 How long will the repercussions of the Russian invasion of Ukraine last?
10:18 What would it take to end the Russia-Ukraine conflict swiftly?
18:00 Why wouldn’t Russia sell some of its gold reserves?
20:00 The impact of the war on the dollar
23:53 Why would the U.S. politicians risk the dollar losing its reserve currency status?
26:20 Will the Chinese yuan become a global currency?
29:21 Will a global liquidity crisis come?
32:08 How should investors protect themselves?
Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com
➡️ Follow us on Facebook: https://www.facebook.com/StansberryRe...
➡️ Follow us on Twitter: https://twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_...
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stan...
0:00 How long will the repercussions of the Russian invasion of Ukraine last?
10:18 What would it take to end the Russia-Ukraine conflict swiftly?
18:00 Why wouldn’t Russia sell some of its gold reserves?
20:00 The impact of the war on the dollar
23:53 Why would the U.S. politicians risk the dollar losing its reserve currency status?
26:20 Will the Chinese yuan become a global currency?
29:21 Will a global liquidity crisis come?
32:08 How should investors protect themselves?
-
- 1
Francisco Gimeno - BC Analyst The European conflict (and the sanctions) is accelerating some issues which were already problematic. The rise of prices of commodities (fertilisers, agricultural products), the disruption of supply chain, of the tradicional economy while the geopolitical changes happen, the rise of China as a global actor, all have already a short strong impact everywhere, and in the next months some countries will notice it more than others. This is unprecedented since the Second World War and the oil crisis of 1973. How can we react or even protect ourselves and our open societies from this? Who are the actors behind the fog of conflict and politics? Since the decade started we knew that up to 2030 this will be a time of conflict, changes, disruption, both for good and bad. Let's fight for the good.