Boom Bust Season 2 Episode 39 Jim Rickards: "Central Bankers Are Impotent" and Yanis Varoufakis On Europe's Stress Tests

In season 2, episode 39 of Boom Bust, Jim Rickards, economist and author of "The Death of Money: The Coming Collapse of the International Monetary System," highlights the limitations of central bankers, arguing that they are powerless to prevent economic crises. He asserts that regardless of the amount of money pumped into the economy, a lack of confidence in the system will ultimately lead to a collapse. Rickards also stresses the importance of precious metals such as gold and silver in times of financial instability.

In the second segment, Yanis Varoufakis, former Greek Finance Minister and author of "Adults in the Room," discusses Europe's stress tests for banks and the potential risks they pose. Varoufakis argues that these stress tests may provide false reassurance to investors and that European banks are still vulnerable to collapse. He also emphasizes the need for a more fundamental restructuring of the European financial system.

Throughout the episode, the hosts provide context and analysis, examining the current global economic climate and the implications of the perspectives shared by Rickards and Varoufakis. They also interview industry experts and provide market updates.

Overall, season 2, episode 39 of Boom Bust offers thought-provoking insights into the limitations of central banking and the vulnerabilities of the European financial system. As always, the episode provides informative and engaging coverage of the latest economic news and developments, making it a must-watch for those interested in finance and economics.