Jim Rickards: How the Federal Reserve Bank are going to bungle monetary policy in 2022

Today in our latest interview, Jim Rickards explains how the Federal Reserve Bank are only going to bungle monetary policy in 2022 and you should be more concerned about disinflation than inflation. Plus, the three books you need to read to be a better investor.
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The information contained in this video is of a general nature and is provided for information purposes only. It is not intended to constitute advice, nor to influence any person in making a decision in relation to any precious metal or related product.
#jimrickards #inflation #shaerusell

[@dproulx222]

I love listening to Jim Rickards.... He's so intelligent and articulates his rationales with precision.

[@chadillaq]

I love when a recent interview with Jim comes out! Thank you both for your efforts!

[@barrycalvert8219]

All the same BS !

[@AbcBullion]

Glad you enjoyed it!

[@miquel6428]

Jim Rickards is the Undertaker of the world economy. Great interview.

[@HowardARoark]

He's an OG !

[@farmerdude3578]

Hey Jim, where’s all the deflation? The only thing deflated is the gold and silver price.

[@yassiamy]

Not true , because gold prices has gone up 20% since spring 2020 which synchronized with the Covid 19 global lockdown , maybe gold is just not catching up with the Skyrocketing prices increase in other goods and that's all .

[@hightonesdrifterkent6600]

how bout those gold and silver stocks? what a disaster for me anyway.

[@adamsdd]

Canada went from 0 to 100 tons in 2021. Still very low holdings for a central bank of its size.

[@lotfyken2759]

No, it was a mistake

[@lorenkrzykowski2314]

Great Interview Shae! Jim Is THE MAN!!! : )

[@danoneill2846]

Many Thanks

[@dYanamatic]

Beautiful hair! ..and love the content thank you!

[@paulotheurbanfarmer5982]

She is very Charismatic! so refreshing!

[@dave8212]

Thank you! 👍 💛🎄🎅

[@fslfc657]

You are so lucky to get this man to talk to us down under. I thank you for the opportunity of supplying local content. Let's get more Aussies in on the real deal. Thank you Abc Bullion I have purchased silver from you and received prompt and safe delivery. KEEP UP THE GOOD WORK it will catch on.

[@AbcBullion]

Our pleasure! Glad to hear you've had great experiences with us. Thanks for watching.

[@paulh1523]

Jim, please ! Admit when you are wrong. You have been declaring deflation for the past 2 years ! It's outrageous to now state you meant disinflation !

[@MetroidMan90]

ABC bullion is a great company, best prices in Australia I believe.

[@kevinfischer8262]

I love JIm Rickards, the guy is one of a kind. He talks about having 30% allocation to cash though, this is not going to fly with younger generations. They are not buying bonds or gold either. A lot of younger people are interested in building , specifically in the cryptocurrency space. I wish Jim would talk more about these changes. Even older people are starting to think more about cryptocurrency. Seems like a pretty big deal.

[@swagsterkeeg0913]

Diversify. Cryptocurrencies could go to zero overnight. Cash can lose it’s value but not that quick. Same with bonds. Gold will always have some value.

[@barnfind1243]

Tulips are the way to go...

[@markcole8887]

@@barnfind1243 😅😂🤣 🌷

[@joserosas399]

hello hello btc price 35000 russiam roullette investment

[@barnfind1243]

Cryptocurrency..... First three letters spell CRY. Just saying.

[@davidmarquezcastro]

Buena información 👌

[@ispandispand9855]

Do you recommend buying the first edition of the Lince? I am referring to the new gold bullion coin that Spain has released to the market. Only 12000 coins for the first mintage.

[@anthonybostock4854]

I thought the idea is to take cash/fiat currency out of the banks and exchange it for precious metals etc. So why is Jim saying that cash is a valuable item to have when we know that the Fed is devaluing it all the time by continual printing and handing out subsidies etc. When the stock market crashes and the banks foreclose how do you get your cash/fiat saving out? Thought we were told to get it out of the banks control and hold it in private vaults with your gold and silver holdings.

[@harrisonswift1416]

I think he used to work for the Central Intelligence Agency.

[@caseyrindal1815]

Not sure about the us gold stash.

[@mikkimikki5376]

Missed each of you!

[@AbcBullion]

We're glad to be back! Thanks for watching.

[@patrickseekins1299]

Shea rocking the low key Christmas look with Green top to complement her red hair!

[@07kato]

Ha! That is exactly what Jim said when Zoom first opened. I didn't realise I looked like a Christmas tree :)

[@thomasbirchmeier7924]

Don't forget.The greatest danger to our prosperity is the bankrupt state. It will take its fair, or unfair share. All visible wealth is therefore in great danger. Diversification is therefore only possible to a limited extent. Greetings from Switzerland

[@dont.ripfuller6587]

Yes, thank you

[@frankbliss2924]

By bankrupt you mean corrupt, as they print money at a whim and will never be "bankrupt"

[@thomasbirchmeier7924]

@@frankbliss2924The debt is already 120% or even more of GDP. That is on the brink of insolvency. There's no turning back now. End of the road.

[@frankbliss2924]

@@thomasbirchmeier7924 with every nation in the same boat currently, and also as seen through history, the answer the "Government" sees is to print themselves out of debt and place a crippling inflation or in some cases hyper inflation on the citizens. We're ruled by corrupt millionaires, modern kings and queens. How many "trillion dollar coins" do you think it would take to solve the debt. You could hold them in your hands. This is why corrupt governments always resorts to fiat currencies and then inflation and finally a demise of the fiat and state that uses it. Since everyone is made poor other than the corrupt politicians who can move to another state/nation/country, whatever you want to call it, and live the same millionaire lifestyle. While the people suffer fight and starve. If the millions don't hold these thousands accountable it will never change. And people are too complacent and naive. So it will likely never change.

[@thomasbirchmeier7924]

@@frankbliss2924 You name it. Most states are on the brink of insolvency. A mixture of inflation, debt cancellation and taxation, and financial repression will probably come into play. This will hit especially the middle class and the poor. No beautiful prospects.

[@mikesalmon7865]

Maybe Jim needs to produce and sell a going to sleep podcast because he always puts me to sleep listening to ole Jim Bo but with all respect to Jim.

[@steves8014]

I used to buy Rickard's every book and largely buy into his beliefs. However, more recently he has said the Austrians don't know what they are talking about, which is very questionable. Their predictions are longer time frames, and history bears them out. Also, he's always selling something self-serving. Here he is naively ASSUMING that the U.S. still has its gold, contrary to many many gold experts--and human nature. There are spooky indications to the contrary. Our gold has not been audited since the 1950s, and the paranoid U.S, which lies about everything, and refuses to any efforts at transparency, is highly suspicious. His "collector's item" book The Big Drop, has 81 volumes selling on Amazon for as low as 36 cents today. That is essentially worthless, because who would bother to get out of their chair and process a sale for as little as 36 cents? Finally, Rickards appears to be overlooking one brutal fact: the U.S. government cannot fund itself without printing money to do it. That will never end--the Austrians are correct.

[@stansmith9199]

I also have bought every book by Jim and have the utmost respect for him however I have watched every interview he has done for the last two years and he has been predicting deflation not disinflation. He is clearly changing his mind but refuses point blank to admit he was wrong on his immediate deflation thesis following the pandemic😂😂 Having said that, in the new great depression he predicted deflation followed by very high inflation.

[@gordonhamilton727]

This is a very good assessment of Mr Rickards. This guy was instrumental in the 2008 bale out, he's a very slick talker, he throws a lot balls at people.......put simply I don't trust him.

[@barrycalvert8219]

Your. Correct... Jim is just making a living doing g what others whom have failed in THAT WORLD, could do. Be lazy

[@eganzale]

The auditing of our gold since the 50's is something most people overlook, good point 👍.

[@dont.ripfuller6587]

If I wanted to and was incentivized to discredit someone I'd go to the effort to sell their books very cheap to make them look unappealing.

[@HowardARoark]

I like Jim's optimism on gold, however I wondered why he was talking about deflation - it seems we are heading into fairly serious inflation.

[@yassiamy]

Anybody talking about deflation now is a dumb idiot , because almost all goods have higher prices , people have less money which has less purchasing power , while in the same time the inflation rate is in its highest level since 1982 .

[@somejohndoe3004]

Because savvy people know nothing runs in a straight line. An example would be a stock market crash (which is deflationary) during an inflationary trend.

[@HowardARoark]

@@somejohndoe3004 Could prices crash more generally then ? Seems very incoherent environment just now.

[@somejohndoe3004]

@@HowardARoark Generally speaking there are deflationary forces always present in the economy such as demographics and technology, those tend to bring prices down although in an inflationary environment like we have today they are not the strongest. My understanding is we will have inflation until we manage to reduce our debt to GDP ratio subtentially and that could take a decade or more according to people like Russell Napier.During that time there will be a few deflatikonary and disinflationary event but overall it's inflation which will be very obvious in energy, food and housing prices.

[@somejohndoe3004]

@Justanime fornow True most of the time, in hyperinflation offer and demand has a different dynamic.

[@granthill2980]

I'm just going to throw this in. I did'nt catch her name, but the gal doing this interview is a sweetie!! She's beautiful and she does'nt put on a ton of make-up like almost all the others do. And she's smart too! I just subscribed!! Great work!!

[@jerrylong7445]

Wow Jim Rickards great interview thank you Shae and Jim

[@caroledoerr6872]

Whether the Economists say were are in inflation or deflation, the price of consumer goods will be inflated because that the what the FED has been created to do. They have been very successful. Our dollar is worth about 3 cents.

[@jakekresh2571]

Jimmyyyyyyyyyyyy 👏👏👏👏👏👏👏👏

[@gregwood1979]

Jim, in an interview please explain,if the efd controls the printing of the dollars, and is able to manipulate the silver and gold price thru leveraging and manipulation,how does your idea prove to be correct at the end of the day...they will keeptrying to play the casino game, but can they do this forever...i dont see an end to the madness.holding gold feels foolish at the moment.can you explain what will happen in a different way so we can wrap our heads around this thing

[@Sheriffdann]

Another great video. Love listening to Jim Rickards.

[@AbcBullion]

Glad you enjoyed it

[@slave-lord5340]

Uncle jim with another story

[@3tprojects]

I was enjoying this until you came out with the comment US has 75% of reserves in gold. You mean Paper traded GLD. Not physical. Hence the push down in price and also other countries starting to buy more and more. Because they know if the price of gold gets pegged against its true market price. These outside countries to US becomes very powerful.

[@markvoelker6620]

I would like to know how he arrives at his 75% figure. Assume the US Treasury really does own 261 million ounces of gold. At a market price of $1,800 per ounce, that is worth $470 billion. The Fed says on its FRED website that the M1 “money” supply (M1SL) is $20,080 billion. Dividing: $470/$20,080 = .0234 = 2.34% How does he get 75%? Does he assume the US holds $15 trillion worth of gold? At today’s price, that would be 8.3 billion ounces (260,000 tons) of gold. Or perhaps he assumes the real, unmanipulated price of gold is $57,500 per ounce? Or,…??? What am I missing?

[@3tprojects]

@@markvoelker6620 woah man that’s some mega numbers 57k per ounce sounds right in relation to all the manipulation that’s going on! Great maths

[@carbonsubie]

Gold in the US balance sheet is still valued at $42.21. This gives them lots of room to pump up the value if they decide to use some of it to back the currency.

[@markvoelker6620]

@@carbonsubie Yes I know. It is valued at its original price of $42.2222 per ounce on the books of the Treasury, and the Fed holds certificates to redeem the gold from the Treasury. The weight of gold is supposedly about 261 million troy ounces, which is 8,117 metric tons. But it hasn’t been audited since the 1950s.

[@carbonsubie]

@@markvoelker6620 He says China's gold is only 2% of their total reserves, yet they have more gold than the US, and gold is 75% of our reserves? If this is true, then we really are broke.

[@simplysittinghere7649]

Jim I enjoy your content. You can afford a better microphone.

[@StevenMartin8000]

I live in northern Ontario and there is lots of gold and minerals around here. Seems like a good place to be during a crash.

[@StevenMartin8000]

@pinnedby ABC Bulion I get the feeling this is not legit, not sure what gave it away.

[@anndutson5205]

Hold cash? Where do you hold the cash? I don't trust the banks as far as I can throw them.

[@vincentcieluch7863]

Hide it in sealed PCV pipe underground.... just let your heirs know approximately where it is... and not to stop looking for it until they find it... 🤣

[@marks1167]

Jim is a good talker generally Spill, (Lawyer talk) No inflation it's all in the velocity, Wrong Jim loads of inflation Shadow stats prove the facts its a lot higher than fed claims, Velocity also has not changed according to Steve Hanke, Jim is the USA corporate man, About 8 minutes of this 42-minute video is worth listening to

[@baycreekhistorydetectives4830]

Is "cash" only USDs? Or, a basket of currencies???

[@zinmintun2001]

Jim Rickards is good at forecasting macro trend (over 10 years) but not year over year. He can be right if he means disinflation or deflation as a short term phenomena which can be seen with increased volatility. Lynn Alden is more logical and good at both macro and micro. Gareth can fill the technical analysis.

[@David-gv6jf]

Can’t find his book? There are 115 used copies on Amazon starting at 36 cents plus shipping and about $5.00 with free shipping. Real collectors item.

[@sarahcovell1169]

interesting

[@BravoFourTactical]

How in the world would it be politically advantageous for Powell to admit inflation isn’t transitory? 🤯

[@dendije6041]

Sorry, but the thumbnail promises JR in a suit and tie with his hair neatly groomed… Not exactly what we got! Other than that great interview thank you very much!

[@theonewhoknocks2835]

gold is quite a bit cheaper now than 10 years ago. during these 10 years was ALL of quantitative easing, a huge sign that indeed QE is not money printing (it's illegal for the Fed to print money fyi)

[@Vl7248]

You’re being too literal. When they embark on a QE program they aquire treasury and mortgage assets with new dollars conjured up digitally. Powell said this on 60minutes. Yes it’s true they don’t control the actual printing of physical cash. But that’s just a nuance of the law. They still create new dollars digitally.

[@dananorth895]

There are lots of ways to counterfeit money. When your telecom claims you owe 100.00 instead of 20.00 they dog you along and add on fees etc. If at any point you walk away from negotiations they win. If you pay 20.00 and tell them your paid up the 20.00 is still considerded partial payment on full 100.00 bill. When it's sold to collections for .50 cnts on the dollar your telecom claims a loss on an artificially inflated charge. The collection agency then attempts to claim full amount plus fees eventually claiming loss ( write off). I wouldnt be surprised if the same people owned both entities as it's quite a racket creating monies on the back of the consumer. Avoid contractual agreements with these corperate entities at all costs as the laws are permissive to their bending/violating contractual agreements. It's too bad their corporate charters are not being pulled.

[@theonewhoknocks2835]

@@dananorth895 why is gold cheaper than 2011?

[@tiffsaver]

They have ALREADY bungled the monetary policy.

[@timalamo3921]

Numbers please. How many verified tons of gold is James saying the US Treasury holds?

[@adamahquin1485]

Jim for president!!!

[@kylek1556]

Not sure I believe the US has as much gold as they say they do.

[@stevevanpion3265]

Sure Jim...75 percent...got an audit to go with that ?? And 75 percent relative to what ??

[@megaxenu753]

Rickards always has the goods.

[@albertjohnson9151]

GOLD IS MONEY AND NOTHING ELSE.

[@deckape69]

No you need lead and plenty of it, lead takes gold

[@trailguy]

I assume 75% of the U.S. reserves are in gold if you value the gold at current spot, yes? Because the treasury still values gold at about $42 an ounce, yes?

[@raymccann100]

JIM. PLEASE. I WOULD REALLY LIKE TO HEAR WHAT YOU HAVE TO SAY. PLEASE SLOW DOWN AND STOP MUMBLING.

[@nhanha7433]

He did not explain. In the companies in the change

[@tekannon7803]

Begs the question means assumes what it should be proving and does not mean raises the question. Correct use : « When I asked the dealer why I should pay more for the German car, he said I would be getting 'German quality', but that just begs the question. »

[@stephennovak4624]

Jim Rickards you need a Zoom Mic,

[@atpla320]

Gold rip

[@randybest9187]

Jim Willie said Russia has at least 30,000 tonnes and China has 110,000 tonnes if you include what the White Dragons have.

[@charliesanchez8714]

But I don't understand if you were to buy $40,000 worth of silver and $100,000 worth of gold and the price of silver was to go up from $20 to $80 what good is it if the money is not any good what do you sell the silver for fake money so I can own more fake dollars I don't understand it. Mr Richard if the gold an silver is preserved to exchange for the value of gold back currency then it's worth keeping only in that case.

[@ronaldmiller3619]

I wouldn't buy anything from Australia. Jim is very intelligent dont be fooled.

[@VideoconferencingUSA]

THUMBS DOWN: time to get some mics for better audio and less echo. Also, please coach your guests to use a mic too. I’m out in under two minutes.

[@michaellalanae7228]

Any asset that's worth can be manipulated through falseafied numbers of amounts .

[@andrewhoover4641]

Carters Iran hostage affair has been the worst foreign incident since the pullout from Afghanistan…imo..

[@douglasdunn6015]

If Jim says buy , it's time to sell it all.

[@Tugela60]

Pump pump pump it up, no one is gonna dump! (before the pumpers anyway).

[@ronaldmiller3619]

Gold staying down so banks can buy cheap

[@mauriceorayii2964]

I wish these "analyst" would turn gold into something speculative.

[@freemanfree2093]

they don't tell you silver is worth more do they, typical

[@oscarwindham6016]

Gold is a sucker bet.

[@sagradamoly4234]

Jim, Taiwan and China are the same country, according to BOTH sides. Nothing to do with Japan which is American territory.

[@nhanha7433]

You need to look back the Enron corporation. These are the crook make recession

[@MyTube4Utoo]

"How the Federal Reserve Bank *IS* Going to Bungle Monetary Policy in 2022."

[@dont.ripfuller6587]

Every currency collapse does do through deflation Inflation is sourced and cured through monetary policy, don't listen to the fiscal policy distractions KZbin comments can offer a wealth of info and ideas but should always be reinforced with more substantial sources.

[@thephysicalsilverfox3474]

Surprised you're even allowed to ralk in Australia now without permission from the covid Gestapo

[@AY-qf4pg]

You're under arrest for incitement! 👮‍♂️

[@thephysicalsilverfox3474]

@@AY-qf4pg But I have my papers to prove I can incite on fridays between the hours of 9am- 10am UK time.😂

[@shawnwright5332]

Bitcoin

[@jamescarr3777]

Somebody needs to tell Jim that the Barbours are open. He needs a hair cut.

[@stevenmusicreilly2217]

🤣🤣

[@jeffreybayes7072]

Investors need to understand, when interest rates move lower gold prices move higher, and vice versa. Anyone who has been paying attention knows interest rates will be raised in 2022, so expect gold prices to fall. Buy low, sell high.

[@Mkundera]

That used to be true (sometimes) but we have had more than a decade where interests rates can do whatever they want and gold stays flat. Gold is losing money every year due to inflation. It's clear that something is going on. Gold is losing market share to Bitcoin probably. I would bet in 5 years that gold spot will be less than it is today in inflation adjusted terms, maybe even in nominal terms which is a true disaster.

[@hightonesdrifterkent6600]

@@Mkundera gold is done.

[@stevenmusicreilly2217]

@@Mkundera maybe U.S sold alot of gold out the backdoor interference keeping price flat then when bubbles start popping buyers will be cashing in gold for necessities U.S buy back with cheaper dollars

[@stevenmusicreilly2217]

@@Mkundera or Gold won't be as desirable if we go to IMF SDR .....

[@alshami7456]

@@Mkundera Gold is highly manipulated by bankers and governments to try and hide inflation. One day soon Gold will breakout and you'll wake up to see Gold up +50%, in this decade it will like get over $5000+ per ounce even with higher interest rates.

[@DavidKirwanirl]

Raced out of Afghanistan in case they needed to get into Taiwan.

[@cramsa]

If you took Jim’s advice for the last 10 years, you’re way way behind… Gold has failed to even keep up with REAL INFLATION RATES too, especially in the last year under record setting money printing, it’s done even worst than holding paper fiat USD…. That’s bad.

[@mattfinch7403]

I like listening to Jim but financially he is wrong on almost everything. People would have lost a fortune listening to his doomsday speeches the last two years. Buy gold that went down while assets hiked 30%

[@mattfinch7403]

@pinnedby ABC Bulion whats up

[@dejansiljak3151]

geriatrics and their love for gold :)...my precious :)..technology already run them over ..they are already dead ..they just need to cool down

[@althecampervanman1619]

Your confidence is youthful exuberance....may you live long and prosper. I've seen far too may things change in an instant, to be confident in anything anymore.

[@dejansiljak3151]

@@althecampervanman1619 i hope u love long enough to see socety improving once we eradicate corruption and privilege by using emerging technologies such as blockchain ..geriatrics need to step down ..explain your experiences to afrikans who skipped 20th century ..they went straight from neolit hunter gatherer into 21st century mibike era ..global trading..

[@thehungergames8918]

🎖️🥈🎖️🥈🎖️🎉🎊🎉🎊

[@RB-nx8ut]

Jim should go with the bald look

[@danielhutchinson6604]

Capitalism seems to be consuming itself.....

[@mikerae6162]

Gold 0% return for the last 10 years....Bitcoin rules, stop dumpster diving in gold.

[@achilles5197]

Thats why you own both unless you can't afford it.

[@luigidibenedetto338]

God only created a few perfect heads and the rest He covered with hair.

[@DasDummilein]

Got it, going bald. Thanks for the advice

[@123goodman]

hahaha 0.6% . come on do your homework

[@carloiaboni]

Jim, get a hair cut!

[@lyndacompton1846]

What's up with his head

[@staytunednow2298]

Old age…

[@fascistphilosophy5649]

wow, gibberish in brainwashville. I know the difference, dude. what did you do, jim, what did you do... the closet door is swinging open and I can smell the skellies

[@rumplestiltskin1881]

This pretender is a has-been, he's not an insider, he's a fake

[@nhanha7433]

The Elon stock price must be sale no more than 30 dollars per share. The Dow must have stock split 30 dollars per share and the S&P 30 dollars per share. We will control the trading centers with rules and and laws we will checking the companies to ensure they will meet the rules and laws and income return proper for their products and services we will ensure the investors earning proper 10% return up to 300 dollars in annually we will collect tax for those above earning 60% tax and those earn less 10% tax for bellow 300 thousand dollars we have proper industies as leading we have no more debts. We do not need to listen to this guy buy gold on our savings or bail out or stimulus monies or credit card or borrow monies but no guarantees better than the last 30 years

[@nhanha7433]

The real estate we fail in exchange the gold in some point will fail in exchange as well

[@nhanha7433]

So we do not listen to this guy. He is look for himself alone better

[@nhanha7433]

If there is the fail in economy we work over the review plan and make rules and laws not to do the same fail activities rather than buy gold to fix

[@nhanha7433]

To make this guy richest

[@nhanha7433]

You drive the car you bump the car in front of you because the front drivers sudden slow or sudden stop you buy gold to do no accidents more in future

[@EUGENIUS60]

Taiwan and Japan just another island? China has not even the remote thought of invading other countries and Taiwan is a province of China. Stop distorting the facts and the truth.

[@grandpadoug2816]

Lady host , when watching this presentation, I can see that you are a very pretty woman, but what have you done to your face? It appears that your cheekbones have been puffed up to extreme which indicates a plastic surgery surgeon had gone overboard when working on your face... Otherwise, please know that there's no doubt that you are a very beautiful young lady.