Boom Bust Season 1 Episode 96 The Death of Money With Jim Rickards

Boom Bust Season 1 Episode 96 - The Death of Money With Jim Rickards

In this episode of Boom Bust, Jim Rickards joins the show to discuss the death of money. Rickards is a bestselling author and advisor to the US intelligence community on international financial threats. According to Rickards, the US dollar has been overvalued for years, and now the financial system is at risk of collapse.

Rickards argues that the US economy is built on a series of lies and that the dollar is only propped up by confidence in the US government. He predicts that a new currency system will eventually replace the dollar, and the US will be left behind. Rickards states that the international monetary system is at a tipping point and believes that a global reset may be required to restore balance.

The host of Boom Bust, Sara Montes de Oca, asks Rickards about the role of gold in the monetary system and its potential as a currency. Rickards emphasizes that gold is essential as a safe haven asset, particularly as other currencies become riskier. He explains that central banks are buying gold in large quantities to diversify their reserves away from the dollar.

The discussion then turns to cryptocurrencies, with Rickards stating that while they have some interesting features, they are unlikely to replace traditional currencies. Rickards remains confident that gold will remain the best option for protecting wealth during times of economic uncertainty.

Later in the episode, Boom Bust speaks with RT Correspondent Trinity Chavez about the latest developments in the US-China trade war. Chavez reports on the ongoing tensions between the two countries and the potential impact on global trade.

In addition, Boom Bust covers the latest economic data from the US, including the latest GDP figures and the price of oil. The show also looks at the potential impact of Brexit on the UK economy and the global financial system.

Overall, Boom Bust Season 1 Episode 96 provides a thought-provoking analysis of the current state of the global financial system, including the potential risks and opportunities of different assets such as gold and cryptocurrencies. Anyone interested in economics, investing, or global finance will find this episode interesting and informative.