Jim Rickards: Money Velocity Is Dead — Lost Decade for Stocks, Golden Decade for Gold?

Wealth Building Blueprint, Released on 7/6/26

Macro expert Jim Rickards joins me for an exclusive interview to discuss the stock market, money velocity, inflation, the Federal Reserve, fiscal policy, gold, silver, mining stocks, and the possibility of a lost decade ahead for the U.S. economy. Jim explains why money velocity has been declining for decades, why the Fed may matter less than most investors think, and how fiscal policy actually drives money creation in the real economy. We also discuss whether the stock market is in a bubble, how investors can navigate today’s environment, and why gold and silver may be setting up for a major opportunity despite the recent pullback.

00:00 – Introduction
01:21 – Is the Stock Market Going to Crash? (The 2026 Bubble)
03:52 – How to Navigate the Current Market
04:50 – Portfolio Structure in the Current Environment
06:25 – Sectors Jim Currently Likes & Would Avoid
08:49 – Global Dollar Shortage & Will the Fed Save the Day?
09:38 – How the Fed Actually “Prints” Money – Full Breakdown
12:21 – How the Money That Stimulates the Economy Is Actually Created
13:23 – Why Fiscal Policy Matters & Why the Fed Is Irrelevant
15:17 – Velocity of Money Has Been Declining For 26 Years…
20:28 – A Lost Decade Ahead for the U.S.? Japan’s Long Depression
22:58 – The New Great Depression, Anthony Fauci & the Pandemic
26:43 – “The Entropy Trap” – My Favorite Book of 2026
28:18 – Why the Second Law of Thermodynamics Matters for the Economy
31:20 – Three Legendary Investors – Three Different Outcomes
33:02 – Gold & Silver: Why This Is NOT a Repeat of 2011 & What’s Next for Precious Metals
34:22 – Precious Metals Are in a Technical Bear Market – Is Now a Good Time to Buy?
35:09 – Gold Fundamentals & Mining Supply
35:49 – Why Gold Prices Fell (Why Jim Is NOT Worried About This Pullback)
39:23 – The Jim Rogers Story: How Commodities Experience 50% Pullbacks
41:42 – Is Gold Very Close to the Bottom?
42:53 – Silver & Mining Stocks – A Major Opportunity?
47:50 – A Company Jim Personally Invested In
52:28 – Why the Iran War Is NOT Over & Why Trump Could Be in Trouble

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.

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