ITM Trading, Released on 7/5/24

“The problem now is if you pull the plug, it will be chaos,” warns Jim Richards, New York Times bestselling author. In an exclusive interview with Daniela Cambone, Richards explains that the Democratic Party waited too long and believed President Joe Biden was okay despite occasional gaffes. “This is a guy who doesn’t know who he is. By the way, who’s thinking about national security? Who’s thinking about the United States of America? All they’re thinking about is keeping power,” he says. Rickards also states that the U.S. is caught in a financial war, with the U.S. dollar being threatened by BRICS nations and their new currency. Even though the U.S. dollar will remain the world’s reserve currency, the BRICS currency could become a successful trading currency. “That’s how confidence is lost in the United States, slowly at first and then suddenly. So we’re not at the ‘suddenly’ stage yet, but we’re getting really close.” Watch the powerful interview to learn more about Richards’ thoughts.

00:00 Ray Dalio’s comments on Dem/Rep parties
10:49 Nationalists vs socialists
16:48 Republican Party is the Nationalist Party
19:30 Biden replacement
28:08 De-dollarization
36:13 What brings down the debt?
41:41 Gold

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 Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.

  dollar, economy, gold, investing