Jim Rickards: No Fed Pivot? More Rate Hikes Plus Strong US Dollar Equals More Large Bailouts Needed?

Wall St. For Main St., Released on 10/27/22

During this 40+ minute interview Jim Rickards talks about how the Fed will not pivot in his opinion until at least early 2023 and how a lot more rate hikes are coming in November and December 2022. This will most likely cause a stronger US Dollar and more damage to emerging markets and other large financial entities, like pension funds, who will probably need large scale bailouts. Jim talks about margin calls in the OTC derivatives market and past bailouts that the US government, US Treasury, Fed and ESF have orchestrated behind the scenes. Jim expects central banks to continue to be large net buyers of gold as they no longer trust the US government and want to hedge against future US Dollar devaluations.

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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. His work can be found at The James Rickards Project.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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