Stansberry Research, Released on 5/25/23

The historic few weeks that led to three of the largest bank failures in U.S. history have quickly become a secondary headline. But today, we’re going back there. On this episode of Making Money With Matt McCall, Matt welcomes investment legend Jim Rickards. Matt picks Jim’s brain on everything going on in the financial industry. Jim points out that some key headlines are misleading – and explains why he believes the carnage isn’t over yet. But that’s not all. They also talk about the Fed, gold, and the crypto market. Matt and Jim don’t agree on everything… But it’s always good to hear opposing viewpoints on the market.

00:00 Recap of banking crisis
14:29 Large banks vs. smaller banks
16:33 Gold/silver
19:21 Reserve currency vs. payment currency
28:15 Bitcoin

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.

  banking crisis, bitcoin, federal reserve, gold, investing