4.6 • 3.6K Ratings
🗓️ 20 May 2018
⏱️ 47 minutes
🧾️ Download transcript
Jim Rickards is a New York Times Best Selling Author and major authority in central banking policy. Jim has worked on Wall Street for more than 35 years and his comments and commentary are frequently aired on CNBC, Bloomberg, and countless other national level news organizations. His books are on the recommended reading lists at businesses like Bridgewater Associates and major US banks. Our interview with Jim is two episodes long and this is the second half of the discussion.
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| 0:00.0 | You're listening to TIP. |
| 0:30.0 | Without further delay, here's our second part interview with Jim Rickards. |
| 0:34.0 | You are listening to the Investors Podcast, where we study the financial markets and read |
| 0:42.2 | the books that influence self-made billionaires the most. |
| 0:45.4 | We keep you informed and prepared for the unexpected. |
| 0:48.4 | So let's just say that we fast forward a year or two years in advance. |
| 1:01.6 | Let's say Bitcoin has another big resurgence and another big price movement. |
| 1:06.4 | At this point, let's say the US government or any other major economy says, this is enough. |
| 1:11.6 | We're going to shut this down. |
| 1:13.6 | I personally feel that you've had so much entrenchment into the finance industry at that point. |
| 1:20.0 | I mean, we now have the CME with the rivetives wrapped around this. |
| 1:23.4 | We're potentially going to have ETF vehicles now that the derivatives are in place that are |
| 1:27.4 | then going to be wrapped around this. |
| 1:29.0 | We're going to have options that are then wrapped around the ETF vehicles and everything else. |
| 1:33.2 | So don't you kind of feel like the longer that the government doesn't make a decision on this, |
| 1:38.6 | the harder it's going to be for them to actually shut it down. |
| 1:41.6 | What's your thoughts on that? |
| 1:43.2 | I think the decisions already have been made. |
| 1:44.7 | I mean, it's interesting to have a article, but the decision has already been made in the fact that |
| 1:49.1 | Bitcoin's way off the top, as such as the price has dropped 70% which it has, |
| 1:54.1 | but the volume's have dropped. |
| 1:55.7 | So you're not seeing the transaction volume. |
... |
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