ITM Trading, Released on Released on 12/4/24

“One of the solutions is to have assets that are not digital, that are not in the stock market or in the banking systems,” says Jim Rickards, New York Times bestselling author. In an interview with Daniela Cambone, he discusses his new book, MoneyGPT: AI and the Threat to the Global Economy, making a case for why AI could amplify market volatility. AI, he warns, could accelerate financial panics by removing the human element in decision-making. Rickards also explains that the banking system, as a creator of money, is particularly vulnerable to AI-accelerated panics. “If you have other assets—gold, silver, fine art, land—you can build a portfolio that’s far less vulnerable,” he concludes.

00:00 Jim Rickards’ new book “MoneyGPT”
2:44 Trump’s threat against BRICS
8:40 AI implications on the economy
16:44 The danger of AI
18:56 Banking system
25:38 The intelligence of AI
29:43 Concluding words

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 MoneyGPT: AI and the Threat to the Global Economy.

  BRICS, dedollarization, dollar