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Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy
Book • 2022
In 'Sold Out,' Jim Rickards shares his predictions for the post-pandemic future, highlighting how energy shortages in China, fueled by the trade war with Australia, are disrupting the steel market and forcing factories to shut down.
He explains how rising inflation will lead to deflation due to higher taxes, excessive debt, and increased layoffs, resulting in economic conditions similar to the 1930s.
The book also explores the future of money, including the potential erasure of the American dollar.
Rickards proposes a new supply chain system centered on a league of democracies, excluding countries like China, to mitigate these economic challenges.
He explains how rising inflation will lead to deflation due to higher taxes, excessive debt, and increased layoffs, resulting in economic conditions similar to the 1930s.
The book also explores the future of money, including the potential erasure of the American dollar.
Rickards proposes a new supply chain system centered on a league of democracies, excluding countries like China, to mitigate these economic challenges.
