Finance & Fury Podcast

Economic Warfare through currency, trade, and sanctions – tools that can be used to crush a nation without firing a shot – but have historically been a pre-curser to war – also – the war on all of us financially – conducted by Central banks/Fed   James Rickards – got through his 4 books this year and he has an interesting theory on financial wars turning into real wars - Stages – where financial crisis lead to – transition from economic wars to hot wars Build up – Trade imbalances – starts when people living beyond their means begin taking on debt. Wages become distorted, production costs escalate and industries move offshore – results in trade deficits and unsustainable national debts Financial Crisis occurs – Debt levels reach tipping point and the financial system suddenly destabilises – economy crumbles and borrowing stops, bankruptcies rise and unemployment increases – leaves the country in a bad state Initial outbreak – Currency wars – political leaders/bankers cheat the rules of the game – economi