A Global Liquidity Crisis with Massive Food Shortages Is Coming Warns Jim Rickards

Stansberry Research, Released on 3/25/22

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.

Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is The New Great Depression: Winners and Losers in a Post-Pandemic World.

A Global Liquidity Crisis with Massive Food Shortages Is Coming Warns Jim Rickards added by Herman James on 03/24/2022View all posts by Herman James ?+'