Ep 322: Jim Rickards: Global Economic Collapse Imminent

Jim Rickards, best -selling author and editor of the Strategic Intelligence newsletter at Agora Financial, warns of a coming economic depression which could result in a 70% collapse in the S&P 500. He explains why this collapse is imminent. He also says cyber-security is one of the world's "biggest single threats" to national security. He highlights how China and Russia have "cyber-brigades" which are capable of shutting down our stock exchanges at any given moment. Rickards is not your average "doom and gloom" guy. He is an advisor on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense. He was the principal negotiator in the 1998 bailout of Long-Term Capital Management. Rickards believes many investors will get hurt from the upcoming economic catastrophe. During this interview, he provides specific examples of how investors can protect themselves during extreme inflationary (or deflationary) times.