On Mises Weekends this week, our friend James Rickards joins Jeff to discuss The Road to Ruin, his latest book outlining what financial elites have planned for the next financial crisis. Rickards highlights a number of policy tools governments and central bankers have created for themselves, and points to their handling of recent crises in Cypress and Greece bail-in approach as patterns for the rest of the world.
But, with the Federal Reserve and their peers around the world still unable to normalize their balance sheets following 2008, the real question is: “who is going to bail out the central banks?” Jeff and Jim discuss the answer to that question—and how people can protect themselves—in an interview you won’t want to miss.
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
James Rickards is chief global strategist at the West Shore Funds, editor of Strategic Intelligence, a monthly newsletter, and director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of New York Times best seller The Death of Money (Penguin, 2014), national best seller Currency Wars (Penguin, 2011), and The New Case for Gold (Penguin, 2015). He has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve.