Ep. 147 Jim Rickards: The Smartest Man in the Financial World

This week, Jim Rickards, author of Currency Wars, joins
Stansberry Radio.


 


The show starts with Porter giving an overview of the markets
today... hear what he has to say about stocks like Tesla,
Twitter, and Amazon.


 


Then, Porter and Jim talk about how the entire Fed policy and
central bank's intervention to keep asset prices up is beginning
to slip.


 


Jim explains that we are not in the same business cycle that we
are used to and this is not a normal recovery like those we have
seen in previous years.


 


A big issue we have is that the Fed is trying to use money to
solve a problem that can only be solved with structural changes
and changes in confidence.


 


But instead they keep printing, which ultimately will collapse
the confidence in the dollar itself. 


 


Are we making the same mistakes as Japan? Jim explains the
drastic similarities he has seen in the U.S. economy.


 


Plus, find out what Jim says is the primary fault in the current
system of international trade and debt settlement.