Jim Rickards - Stocks are down. Bonds are down. Gold is down. Oil is down. The euro is down against the US dollar. Sterling is down against the US dollar.
Everything is down?
How can that be?
It’s all because the US dollar is up.
Jim Rickards - We've spent 30 years getting a densely interconnected global economy. How on earth do you think you can blow apart one part and not affect the others?
This human fault of being inside a string of wins without reflection, is that successive disruptions eventually lead to a society so complex that it cannot stay cohesive enough, and then blows itself apart.