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Jim is a former lawyer and investment banker turned economist and bestselling author. He’s also the man who predicted the biggest financial crash in American history, and I’m afraid to say his current forecast for the next twelve months isn’t optimistic.
These are no normal times, but if there’s one man who has been around his fair share of financial crises and economic upheavals, it’s Jim Rickards and he believes we’re staring in the face of yet more disorder and turmoil in the near future.
As war tragically rages on two fronts we have the prospect of a truly chaotic election race in the US that Jim has described as probably “the most important of our lifetime”. Add to that mix looming recessions in China, Japan and the US and the current financial strife affecting much of Europe, and things look pretty gloomy indeed.
Jim spent over 35 years smack bang in the beating heart of Wall Street, holding senior positions at some of the world’s largest financial service institutions including Citibank, Long-Term Capital Management, and Caxton Associates.
Some will know Jim as the man who negotiated the $4 billion rescue of LTCM sponsored by the Federal Reserve, a crisis that came within hours of shutting every major securities exchange in the world.
Others will have read his New York Times bestsellers The New Great Depression, The Road to Ruin, The Death of Money, and Currency Wars.
In his most recent book – Sold Out: How Broken Supply Chains, Surging Inflation and Political Instability Will Sink the Global Economy, Jim explores the idea that consumer frustration is only the tip of a very large, menacing iceberg that threatens global economic collapse.
