The Wiggin Sessions, Released on 3/6/23
- The folly of the Fed’s 2% target and the consequences on the economy
- Jim shares what he sees as a tough road ahead for stocks
- The difference between demand-pull and cost-push inflation and the limit of the Fed to address supply-side inflation
- Why financial sanctions don’t work against large economies like Russia
- The missed opportunity by the US to ally with Russia to counter China’s rise
- The blunder of escalating support for Ukraine, the US media’s biased, and the potential impact on the 2024 election cycle
- Jim shares the possible threat of the China-Russia alliance on the US dollar.
- The danger of CBDCs (central bank, digital currency, or “Biden bucks”) when used as targeted control and surveillance
*The interview begins at 4:15
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.