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A Global Liquidity Crisis with Massive Food Shortages Is Coming Warns Jim Rickards

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Published on 27 Mar 2022 / In News and Politics

In part one of Jim Rickards' discussion with our Daniela Cambone, the NYT best-selling author said "the coexistence of economic sanctions and kinetic warfare is nothing new." The rising tensions between the United States and Russia did not brew overnight, Rickards continues. Ukraine should be a "buffer state and should be neutral," Rickards says, emphasizing that economic sanctions not only punish Russian citizens, but also punish American citizens. Rickards implies that there will be massive food shortages as Russia occupies Ukraine, saying, "the impact is already here, and it's going to get a lot worse." The Chinese yuan and Russian ruble will not replace the dollar as the world reserve currency, he concludes.

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0:00 How long will the repercussions of the Russian invasion of Ukraine last?
10:18 What would it take to end the Russia-Ukraine conflict swiftly?
18:00 Why wouldn’t Russia sell some of its gold reserves?
20:00 The impact of the war on the dollar
23:53 Why would the U.S. politicians risk the dollar losing its reserve currency status?
26:20 Will the Chinese yuan become a global currency?
29:21 Will a global liquidity crisis come?
32:08 How should investors protect themselves?

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