Making Money Matter, Released on 2/11/24

Jim Rickards is someone who looks deeply into global events and how it may impact all of us. He says that the impact of AI will be interesting and his next book will be about just that. Jim says during economic uncertainty it would be prudent to hold some gold and cash but just how much take a listen and see what you think.

00:00 Intro
01:15 Politics, economics and the challenge with the EV revolution
07:30 A short history on the climate – it’s complicated
09:30 Reality is kicking in
12:15 Don’t invest in Tesla or should you?
15:15 Things you don’t know about offshore wind turbines and why Jim has an off shore power grid
21:00 Sources of power
25:00 Why Germany isn’t producing engines anymore and why Biden can’t remember!
29:00 Why the Russian economy is booming
35:00 Wars and how to spot a bubble
43:00 Is the property market in trouble?
45:00 What sectors should investors look at?
47:30 What is Jim’s view on the US election (he was right last time)
54:30 Final thoughts from Jim on cash and 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.