TRIGGERnometry How to Survive the Coming Economic Disaster
Apr 18, 2022
Jim Rickards, a renowned economist and author, discusses how inflation, supply chain disruptions, and geopolitical tensions are shaping the global economy. He highlights the precarious balance between combating inflation and avoiding recession, backed by historical insights. Rickards reveals the vulnerabilities of single-source imports and critiques modern monetary theory. The talk delves into the rise of economic warfare, stressing financial preparedness amidst ongoing global conflicts and the threats posed by nations like China.
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Economic Déjà Vu
- The current economic situation is a replay of 2013-2020, with the Fed facing the same dilemma.
- They can subdue inflation via severe recession or amplify it by avoiding recession.
War's Economic Fallout
- The war in Ukraine exacerbates existing global supply chain issues, impacting food and energy prices.
- This will disproportionately affect vulnerable populations, leading to humanitarian crises.
Ironic Supply Chain Delay
- Jim Rickards's book on supply chains is ironically delayed due to supply chain disruptions.
- He notes that these issues predate the war, originating with Trump's trade wars and exacerbated by the pandemic.
