Jim Rickards on Russian Gold & Crypto

BuggedOut

BuggedOut

Well-Known Member
Silver Stacker
https://www.marketslant.com/article/jim-rickards-says-watch-russias-gold-gdp-ratio

Very interesting read. Rickards seems to have done a bit more homework on the potential of crypto since the last time I heard him speak about it.

Any blockchain-based payment system offers a way to run a global payments system independent of existing systems controlled by the U.S. such as FedWire and SWIFT.
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Whichever platform or direction Russia chooses, they all point in the same direction — the displacement of the dollar as a dominant transaction and reserve currency, and the creation of payments systems that the U.S. cannot sanction.
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Putin remains the geopolitical chess master he has always been. His long game involves the accumulation of gold, development of alternative payments systems, and ultimate demise of the dollar as the dominant global reserve currency.
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LOL. Each to their own I suppose.

You have to ask yourself though "What price knowledge?". You're not going to learn anything from a silver bar. Leo has probably got the right balance though. Assuming all his content goes on free-to-air youtube....?

For the record, I don't agree with everything Rickards comes out with. At his core he is still a bit of a pumper, but he knows more than me and I've still learnt a few valuable things from him to make it worth following his commentary.
 
I read his book Currency Wars many years ago and didn't find it anything special. I've also watched a lot of his videos. He has a really bad habit of repeating his self over and over and over and over.... And like most people, he just says what most of us already know and his timing is always off.

So yea i would be much happier spending that $270 on something else. :)
 
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